Regardless of Alibaba submitting extra patents, the USA nonetheless takes the lead because the nation with probably the most blockchain copyrights, a Sept. 17 report from mental property consultancy KISSPatent.
The U.S. has 2,112 patents, adopted by the Cayman Islands with 350 filings and Canada with 118. The remainder of the highest six are Japan with 108, South Korea with 87 and China with 77 patents.
The Cayman Islands is second, as most of Alibaba’s blockchain purposes are positioned on the island.
Though Chinese language firms are sometimes represented in numerous “prime 10” blockchain patent lists, they aren’t pure blockchain firms. The report says these firms targeted on blockchain purposes as a part of their know-how portfolio. The cause for China to fill so many patents was to keep away from some buying and selling sanctions abroad. It defined that:
“They’ve discovered from the instance of Xiaomi, the “Chinese language Apple,” which was blocked from promoting its smartphones in its foray out of China – as a result of the Swedish Ericsson held so many patents.”
The hottest class of patent submitting is for fintech purposes. These embody purposes utilizing cryptocurrencies, supporting storage or the change of cryptocurrencies. It represents half of all blockchain patent purposes, says the report. Different common classes had been decentralized enterprise platforms, options deployed over blockchain, enterprise providers with a monetary element, healthcare and conventional banking providers grafted onto the blockchain.
IBM and Alibaba maintain probably the most blockchain patents. Alibaba, specifically, has filed 10 instances extra patents than IBM in 2020. Based on KISSPatent, extra blockchain patents have been filed within the first half of 2020 than all of 2019.
Many trade gamers expressed concern over patent trolling, so Sq. helped launch the Cryptocurreny Open Patent Alliance. The group desires to democratize entry to progressive applied sciences.