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Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents

Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents

A research from the group at Kisspatent reveals that Alibaba Group is the most important blockchain patent holder in 2020 capturing 10x the variety of patents held by IBM. The report notes that blockchain patents “are skyrocketing” this 12 months and to date in 2020, there’s been extra distributed ledger expertise and cryptocurrency patents printed than all of 2019.

It appears distributed ledger expertise and cryptocurrency answer patents have gotten a factor once more in 2020. A couple of years in the past numerous experiences stated that Bank of America (BoA) and the agency Nchain had been gobbling up all of the patents utilized to digital belongings and blockchain expertise.

Times have modified in 2020, and each corporations have slid down the ranks so far as high blockchain holders are involved this 12 months.

Report: Blockchain Patents 'Skyrocket' in 2020, Alibaba Owns the Most Crypto Patents

Kisspatent’s newest research reveals that Alibaba Group was the highest firm this 12 months with profitable blockchain patent submitting and IBM jumped considerably. Alibaba Group is the highest blockchain patent holder whereas the Chinese multinational expertise firm is adopted by the monetary establishment BoA.

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While Alibaba and IBM had been the highest two blockchain patent submitting contenders in 2020, Alibaba outpaced IBM by 10x the variety of patents. Moreover, this 12 months has already seen “three occasions extra blockchain patents printed than in 2018.”

Report: Blockchain Patents 'Skyrocket' in 2020, Alibaba Owns the Most Crypto Patents

Behind IBM, is Mastercard, Nchain, and Walmart respectively when it comes to blockchain patents held. The Kisspatent analysis famous that the record of high blockchain patent holders was probably not represented by distributed ledger-specific corporations.

“Blockchain-only corporations are usually not submitting for patents, Fortune500 corporations are,” Kisspatent researcher Dr. D’vorah Graeser notes. Interestingly, the agency Nchain, the notorious firm that the self-proclaimed Bitcoin inventor Craig Wright works for, is a “the one pure blockchain firm.”

Kisspatent highlights that Nchain’s claims are primarily based on numbers stated in a press launch, however “[the number] may embrace many who haven’t printed but, plus they could be counting worldwide functions filed in a number of nations as separate patent software filings,” Graeser says.

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Graeser’s record appears incomplete because it doesn’t embrace corporations like Reechain, Webank, and Tencent. Chinadaily.com reveals that these three Chinese corporations are high blockchain patent holders.

According to the regional publication’s estimates, IBM has 240 blockchain patents, Rechain 279, Webank 282, and Nchain has 402 patents whole. Chinadaily.com’s record reveals Tencent has a big variety of distributed ledger patents with 724 to-date. Alibaba Group continues to be king with a whopping 1,505 blockchain patent filings.

What do you consider the highest blockchain patent holders in 2020? Let us know what you suppose within the feedback part under.

The publish Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents appeared first on Bitcoin News.

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