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Alibaba, IBM Top Globally Ranking for Blockchain Patents

A new list has been prepared by the number of blockchain-related patents filed to date that rank global entities, and the list is vying by Tech giants Alibaba and IBM for the top spot.

iPR Daily — a media outlet specializing in intellectual property — says it consolidated data as of August 10 from across China, the EU, America, Japan, and South Korea, as well consulting the International Patent System from the World Intellectual Property Organization (WIPO).

China’s Alibaba only just seals first place, having filed a total of 90 blockchain-related patent applications, whereas IBM has to date filed a total of 89. In third place is Mastercard — with 80 filings — followed by Bank of America, with 53. Fifth on the new list is China’s central bank, People’s Bank of China (PBoC), which has filed a total of 44 patent applications devoted to its project for central bank digital currency. Whereas on the other hand, WIPO data has also filed a large number of patents from other countries to like China following Australia.

The Australian government to use blockchain and other new technologies to improve data security and automation across federal departments, including defense and home affairs. The IBM has signed a $740 million with the Australian government to steadily expanding its involvement in blockchain across diverse fields.

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