Blockchain

KISSPatent: “Alibaba Will Become the Leader in Blockchain-Related Patents Soon”

Alibaba has nearly surpassed US computer giant IBM and will become the largest holder of blockchain-related patents by the end of this year, according to new research by KISSPatent.

In the report, the consulting company said that Chinese technology conglomerate Alibaba «definitely gaining leadership” and has already filed ten times more applications for patents related to blokcheynom than IBM. If Alibaba continues at its current pace, then by the end of 2020 the company will become the largest holder of blockchain patents.

Analysts point out that more blockchain-related patent applications were filed in the first half of 2020 than in all of 2019. At the same time, three times more applications were filed last year compared to 2018. In addition, this year, most of the patent applications were filed by traditional Fortune 500 companies, rather than firms solely operating in the blockchain industry.

While IBM is still the leader in blockchain patents according to KISSPatent, this summer the China Patent Protection Association said Alibaba is the leader in blockchain patents. As a reminder, this year Alibaba has patented a system for simplifying blockchain interconnection, as well as a system for verifying the originality of songs on the blockchain.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
Blockchain

Tata Power-DDL uses Power Ledger’s blockchain-enabled technology to facilitate peer-to-peer (P2P) trading of electricity

Blockchain

State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions.

Blockchain

UK Department of Health Tracks COVID-19 Vaccine Possession Using Blockchain

BlockchainIOTA

Frankfurt Airport Uses IOTA-Based Solution to Check Coronavirus Tests

Sign up for our newsletter and stay informed

0 0 votes
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
USD
0
Would love your thoughts, please comment.x
()
x