CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$31,791.00
  • ethereum
    ETH$1,287.22
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » US The Country With Most Blockchain-Related Patents, Alibaba Is The Leading Company

    US The Country With Most Blockchain-Related Patents, Alibaba Is The Leading Company

    Author: Jordan Lyanchev

    Last Updated Jul 3, 2020 @ 19:25

    Blockchain utilization is continuously rising in various countries across the world, a recent report revealed. It outlined that US-based companies have been awarded the most substantial number of patents for blockchain endeavors, but the Chinese multinational giant Alibaba is the single entity to receive the most.

    Blockchain Patents Across The Map

    The report from the China Patent Protection Association (CPPA) examined data from 2014 to the middle of 2020 regarding the number of blockchain patents awarded worldwide. The paper informed that 3,924 such authorizations had been provided for the past six years.

    Total Number Of Blockchain Patents. Source: Weixin
    Total Number Of Blockchain Patents. Source: Weixin

    As seen on the graph above, the start was rather sluggish. During the first two years of tracking this data, the number of blockchain-related patents was only 10. 2016 and 2017 showed some revitalization, but the most significant breakthrough came in 2019 with 1,799 authorizations.

    It’s worth noting that despite the lower number so far this year, the report indicated that 2020 is on track to break the record. As such, the paper concluded that “from the trends above, it is not difficult to see that the innovation, research, and patent layout in the field of blockchain is hot and the development speed is fast.”

    By separating the data into countries, the document highlighted three major nations that have received the most patents. The leader is the United States, accounting for 39%, South Korea follows with 21%, and China takes the third spot with 19%.

    Number Of Blockchain Patents By Countries - The US (Green-39%), South Korea - (Gray 21%), China - (Blue 19%). Source: Weixin
    The number Of Blockchain Patents By Countries – The US (Green-39%), South Korea – (Gray 21%), China – (Red – 19%). Source: Weixin

    Nevertheless, the most populated nation has demonstrated the most significant increase of such patents in the past year, since President Xi Jinping said that the country should invest more in blockchain.

    Companies With Most DLT Patents

    The CPPA also specified which single companies have received the highest number of blockchain-related authorizations. The undisputed leader, the paper continued, is the Chinese tech company Alibaba with 212.

    Countries Sorted By Blockchain Patents. Source: Weixin
    Countries Sorted By Blockchain Patents. Source: Weixin

    The giant has demonstrated serious interest in various blockchain operations and was recently included in China’s newly formed National Blockchain Committee. Additionally, reports attest that Alibaba is also partnering with other massive entities such as China Merchants Bank, Tencent, and Huawei to develop the country’s upcoming central bank digital currency (CBDC).

    The other two companies that have triple-digit numbers of blockchain patents, according to the report, are the US multinational giant IBM and the Chinese DLT company Coinplug.

    Other worth mentioning large firms in the top ten include Bank of America (49) and MasterCard (42).

    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • Alibaba Founder Jack Ma: Digital Currencies Can Create Value
    • bmw_cover
      BMW Korea Goes Blockchain: Reward Program Inbound
    • bitcoin_history
      World Economic Forum Wants to Study Blockchain and Crypto
    Read more on: Blockchain Blockchain Adoption China South Korea United States

    About The Author

    Jordan Lyanchev View more posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$31,791.00
  • ethereum
    ETH$1,287.22
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    binance
    ADVERTISEMENT
    bitmart
    Bitcoin Editorials
    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!