Chinese tech giants Tencent, Alibaba filed for the most blockchain patents last year
Chinese tech giants Tencent and Alibaba filed the most blockchain patent purposes in 2019, in line with analysis carried out by The Block’s Steven Zheng.
Tencent and its associates filed for 718 blockchain patents out of a complete of over 5,800, whereas Alibaba Group filed 470. Together, they accounted for over 20% of the complete.
Tencent and Alibaba have been adopted by WeBank, Ruize Technology, and Ant Financial, in that individual order – and all these three firms are additionally based mostly in China.
Overall, about 63% of companies with over 20 blockchain patent filings are based mostly in China. The U.S. follows subsequent. It is value noting that whereas 2019 noticed over 5,800 patent purposes, solely three% of them have been granted in the similar year.