Chinese tech giants Tencent, Alibaba filed for the most blockchain patents last year

14-Apr-2020 Intellasia | TheBlock | 6:02 AM Print This Post

Chinese tech giants Tencent and Alibaba filed the most blockchain patent applications in 2019, according to research conducted by The Block’s Steven Zheng.

Tencent and its affiliates filed for 718 blockchain patents out of a total of over 5,800, while Alibaba Group filed 470. Together, they accounted for over 20 percent of the total.

Tencent and Alibaba were followed by WeBank, Ruise Technology, and Ant Financial, in that particular orderand all these three companies are also based in China.

Overall, about 63 percent of firms with over 20 blockchain patent filings are based in China. The US follows next. It is worth noting that while 2019 saw over 5,800 patent applications, only 3 percent of them were granted in the same year.

To read the full analysis and more such data-driven stories, subscribe to The Block Research.

https://finance.yahoo.com/news/chinese-tech-giants-tencent-alibaba-154422979.html

 

Category: China

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