Alibaba and Ant Monetary lead the rating for blockchain patent functions, submitting 2344 claims in whole over the previous two years.
The info, collated by patent database IncoPat, exhibits that Alibaba has filed patent functions through a number of company entities, together with Alibaba Group and Alipay. The vast majority of Alibaba’s blockchain patent functions in 2019 have been filed by the blockchain staff at Ant Monetary, specializing in business use instances, similar to fee, finance, insurance coverage and safety.
Earlier this month, Ant Monetary opened up its proprietary blockchain platform to small companies and builders to assist in the creation of multi-user trust-based digital functions.
Alibaba’s patent splurge is greater than double the variety of functions filed by the following Chinese language big on the listing, TenCent, which is majoring on content material creation and social media engagement.
A lot of the prime 100 corporations within the 2019 World Blockchain Enterprise Patent Rankings hail from 9 international locations and areas, with entities from China, the US and Japan accounting for 60, 22 and 6 p.c of the listing respectively.
