Home Blockchain The US is number one...in blockchain patents

The US is number one…in blockchain patents


Despite Chinese firm Alibaba filing the most patents so far this year, the United States still takes the lead as the country with the most blockchain patents, a Sept. 17 report from intellectual property consultancy KISSPatent said.

IBM and Alibaba hold the most blockchain patents. Alibaba has filed more than 200 patents while IBM filed a little over 100. But other U.S.-based companies like Bank of America and Mastercard have also filed several patent applications bumping up the total for the U.S. According to KISSPatent, more blockchain patents have been filed in the first half of 2020 than all of 2019. 

The U.S. has 2,112 patents, followed by the Cayman Islands with 350 filings and Canada with 118. The rest of the top six are Japan with 108, South Korea with 87 and China with 77 patents. The Cayman Islands is second as Alibaba’s subsidiaries headquartered in the British Overseas Territory filed these applications.

Although Chinese companies are often represented in various top 10 blockchain patent lists, not all of the companies work solely on blockchain. KISSPatent says these companies have blockchain applications as part of their technology portfolio. The reason China filed so many patents, the report said, was to avoid some trading sanctions overseas. It explained that:

“They’ve learned from the example of Xiaomi, the “Chinese Apple,” which was blocked from selling its smartphones in its foray out of China – because the Swedish Ericsson held so many patents.”

Source: KISSPatent

Source: KISSPatent 

The most popular category of patent filing, representing half of all patents, is fintech applications. These include applications using cryptocurrencies and those supporting the storage or the exchange of cryptocurrencies. Other popular categories are patents for decentralized business platforms, solutions deployed over blockchain, business services with a financial component and healthcare and traditional banking services on a blockchain. 

Many industry players have expressed concern over patent trolling, so Square helped launch the Cryptocurrency Open Patent Alliance. The group wants to democratize access to innovative technologies.



Read orginal here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,552FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.18
GBP
1.31
CHF
1.11
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

Why the PayPal Rally Isn’t What It Seems, and Why That’s OK

The bigger you are, the bigger the splash when you jump in the water. And when it comes to mainstream payments companies, there are...

Bull or bear? Pros don’t care! Here’s 3 strategies every trader should know

Those new to investing might think that professional traders spend the majority of their time staring at screens day and night in order to...
bitcoin
Bitcoin (BTC) $ 13,012.85
ethereum
Ethereum (ETH) $ 405.01
ripple
XRP (XRP) $ 0.254644
tether
Tether (USDT) $ 0.999379
bitcoin-cash
Bitcoin Cash (BCH) $ 270.30
bitcoin-cash-sv
Bitcoin SV (BSV) $ 180.72
litecoin
Litecoin (LTC) $ 58.30
eos
EOS (EOS) $ 2.74
binancecoin
Binance Coin (BNB) $ 30.07
okb
OKB (OKB) $ 4.60
tezos
Tezos (XTZ) $ 2.15
leo-token
LEO Token (LEO) $ 1.26
cardano
Cardano (ADA) $ 0.106124
monero
Monero (XMR) $ 131.72
stellar
Stellar (XLM) $ 0.083272
chainlink
Chainlink (LINK) $ 12.07
huobi-token
Huobi Token (HT) $ 4.43
tron
TRON (TRX) $ 0.027054
usd-coin
USD Coin (USDC) $ 0.999130
dash
Dash (DASH) $ 71.05
neo
NEO (NEO) $ 17.89
iota
IOTA (MIOTA) $ 0.277004
nem
NEM (XEM) $ 0.105006
zcash
Zcash (ZEC) $ 62.62
maker
Maker (MKR) $ 583.84
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.56
vechain
VeChain (VET) $ 0.011811
true-usd
TrueUSD (TUSD) $ 0.999825
ftx-token
FTX Token (FTT) $ 3.88
kucoin-shares
KuCoin Shares (KCS) $ 0.880867
waves
Waves (WAVES) $ 3.25