Tencent has been increasing its analysis into blockchain, with the agency registering a sequence of patents detailing distributed ledger know-how (
Tencent has been increasing its analysis into blockchain, with the agency registering a sequence of patents detailing distributed ledger know-how (DLT)-based options for fund administration, and promoting.
Chinese language media outlet Egsea reported the patents on June 18, noting that the filings additionally included blockchain-based client functions, {hardware} gadgets, and media storage methods.
The latest filings come as blockchain sees rising enterprise adoption within the areas of cloud, synthetic intelligence and internet-of-things (IoT).
Tencent continues amassing DLT patents
The brand new filings will prolong Tencent’s presumed dominance within the variety of blockchain patents held.
In April, media outlet China Banking Information reported that Tencent had amassed extra patents in 2019 than every other agency, having filed for 718 throughout final yr alone.
With the report estimating that 5,800 patents for blockchain applied sciences have been filed in 2019, Tencent represents 12.4% of all patents filed final yr.
Tencent invests closely in blockchain
In Could, Tencent introduced that it plans to take a position $70 billion into rising applied sciences over the subsequent 5 years, with blockchain named alongside cloud computing, synthetic intelligence and IoT as prioritized sectors.
The next week noticed Tencent announce its intent to ascertain a 100-member blockchain alliance by the top of 2020. Tencent hopes the alliance will appeal to universities, think-tanks, tech firms and business our bodies to analysis DLT functions and set up business requirements.