Alibaba tops a new ranking on blockchain patent filing

Sep 12, 2018 at 0:33

A new report by the iPR Daily said Alibaba is leading the world’s leading blockchain revolution for filling the most number of patents than any firm in the globe.

 

In its report titled “2018 Global Blockchain Patent Enterprise Ranking (Top 100)”, iPR said Alibaba has filed 90 patents as of end-August 2018.

 

Alibaba Founder Jack Ma has been open about his belief in the potential of blockchain to help the tech industry confront its biggest problems: data security and privacy.

 

China-based Alibaba was followed by IBM who has applied for 89. Investopedia, however, said IBM’s recently signed $740 million blockchain deal with the Australian government may boost its rankings in the 2019 round.

 

while Mastercard came in third with 80 filings. Rounding up the top five are the Bank of America, with 53 and the People’s Bank of China (PBoC), China’s central bank, with 44.

 

On a geographical basis, China leads in being home for the most number of blockchain patents. In 2017 alone, the Asian country saw 225 patent application, well-above the United States’ 91 and Australia’s 13.

 

The figures reflect the progress of China’s blockchain industry. This, amid a tough regulatory environment on cryptocurrencies which are built on the blockchain technology.

 

A China-based organization that advocates for the dissemination of intellectual property information, iPR said the report consolidated data from the consolidated data from different countries such as China, US,  Japan, South Korea and some countries in the European Union.

 

The rankings were also made in consultations with International Patent System from the World Intellectual Property Organization.