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Red Hat Eyes Blockchain For Tracking When Customers Use the Cloud

Cloud computing giant Red Hat may be looking into tapping a blockchain-based system to track software usage.

New marketing models for selling software on a cloud platform require new methods of tracking usage, and a blockchain may be able to efficiently store this information, according to a patent application released last Thursday by the U.S. Patent and Trademark Office. The filing outlines how a blockchain would track transactions across a given platform, where each transaction represents an instance of a customer using the company’s products.

As the application explains, “software products have often been licensed on an annual basis. A predetermined fee is paid, and the fee allows usage of the software product for one year.”

However, software products are now likely to be licensed based on either time or a use count. As a result, “fees are thus based on a number of uses of a software product, and/or a total amount of time the software product was used, over a particular period of time.”

The application goes on to say:

“The examples record, in a blockchain, a billing rules transaction that identifies usage rules for one or more software instance types for a timeframe. Authorized transactions that identify software instances that have been authorized to execute during the timeframe are also recorded in the blockchain. Because blocks in the blockchain, for practical purposes, cannot subsequently be modified so long as a sufficiently robust consensus method is used to create the blocks, the blockchain accurately records both the actual software instance usage and the rules under which the usage occurred.”

This type of system could help vendors track usage across different networks without requiring the customer to build new infrastructure to enable tracking, saving both parties time and money, the application noted.

Red Hat image via JPstock / Shutterstock

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Huobi Partners With JD Cloud to Explore Blockchain Tech Applications

JD Cloud, a subsidiary of Chinese e-commerce giant JD Group is teaming up with crypto exchange Huobi to conduct new research into blockchain technology and cloud computing.

The two companies signed a partnership contract, which was unveiled during a signing ceremony in Beijing on Thursday. According to a press release, the two companies will be working together in three main fields, including understanding blockchain technology, methods to apply blockchain technology in areas like finance, Internet of Things (IoT), and logistics and developing insight and analysis reports about current projects related to both public and consortium chain.

Gang He, JD Group vice president and the head of product development at JD Cloud, said that the partnership decision was made based on JD Cloud’s experience in the blockchain field along with its “unique” advantages in technology.

JD Cloud intends to continue expanding its capabilities and innovating in order to better server enterprise clients in the blockchain sector, he said.

Similarly, Huobi CTO Xianfeng Cheng said the exchange established multiple partnerships

Xianfeng Cheng, CTO of Huobi, said Huobi, “as a pioneer in the blockchain industry,” has established multiple partnerships with blockchain incubators overall the world including China. Its advantages in technology, resources, and experience will be applied to the upcoming projects with JD Cloud.

Editor’s note: Statements in this article have been translated from Chinese.

JD Group’s logo image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.