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The US is number one…in blockchain patents

The US is number one...in blockchain patents

Regardless of Chinese language agency Alibaba submitting probably the most patents to this point this yr, the USA nonetheless takes the lead because the nation with probably the most blockchain patents, a Sept. 17 report from mental property consultancy KISSPatent mentioned.

IBM and Alibaba maintain probably the most blockchain patents. Alibaba has filed greater than 200 patents whereas IBM filed a little bit over 100. However different U.S.-based corporations like Financial institution of America and Mastercard have additionally filed a number of patent purposes bumping up the overall for the U.S. Based on KISSPatent, extra blockchain patents have been filed within the first half of 2020 than all of 2019. 

The U.S. has 2,112 patents, adopted by the Cayman Islands with 350 filings and Canada with 118. The remainder of the highest six are Japan with 108, South Korea with 87 and China with 77 patents. The Cayman Islands is second as Alibaba’s subsidiaries headquartered within the British Abroad Territory filed these purposes.

Though Chinese language corporations are sometimes represented in numerous prime 10 blockchain patent lists, not all the corporations work solely on blockchain. KISSPatent says these corporations have blockchain purposes as a part of their expertise portfolio. The explanation China filed so many patents, the report mentioned, was to keep away from some buying and selling sanctions abroad. It defined that:

“They’ve realized from the instance of Xiaomi, the “Chinese language Apple,” which was blocked from promoting its smartphones in its foray out of China – as a result of the Swedish Ericsson held so many patents.”

Supply: KISSPatent 

The most well-liked class of patent submitting, representing half of all patents, is fintech purposes. These embody purposes utilizing cryptocurrencies and people supporting the storage or the change of cryptocurrencies. Different in style classes are patents for decentralized enterprise platforms, options deployed over blockchain, enterprise companies with a monetary part and healthcare and conventional banking companies on a blockchain. 

Many business gamers have expressed concern over patent trolling, so Sq. helped launch the Cryptocurrency Open Patent Alliance. The group desires to democratize entry to progressive applied sciences.

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