Alibaba And IBM Top The List Of The Maximum Number Of Blockchain Patents Filed By A Company

According to a statistical result released by IPR daily, China’s Alibaba and IBM are in a tail to head competition for the top spot in the list of organizations who have filed the maximum number of blockchain patents.

iPR daily is a media outlet which specializes in property rights and aims to create the world’s most influential intellectual property cooperation platform. According to them, they have collected data as on August 10 from China, Korea, America, Japan, and EU as well as have consulted the World Intellectual Property Organisation.

According to their collected data, they released a report which said Jack Ma’s Alibaba is the company with the most amount of blockchain patents, accounting at 90. Just at the heel is IBM with 89 patents. The list continues with MasterCard with 80 filings, Bank of America with 53. Finally comes the People’s Bank of China (PBoC) with 44 patents dedicated to its digital currency project

China has been in the front for filing the most patents in 2017 with applications around 227. China’s embrace for technology has been balanced by their strict watch on the growth of decentralized currencies. Even Alibaba’s founder Jack Ma has been favorable in promoting the use of blockchain technology but has been reserved in his statements about cryptocurrencies.

IBM has also been very active in incorporating blockchain technologies in its system. For improving data security in defense and home affairs, it has recently sealed a deal with the Australian government.

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