Regardless of Alibaba submitting extra patents, the US nonetheless takes the lead because the nation with essentially the most blockchain copyright
Regardless of Alibaba submitting extra patents, the US nonetheless takes the lead because the nation with essentially 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 functions are situated on the island.
Though Chinese language corporations are sometimes represented in numerous “high 10” blockchain patent lists, they aren’t pure blockchain corporations. The report says these corporations targeted on blockchain functions as a part of their know-how portfolio. The explanation for China to fill so many patents was to keep away from some buying and selling sanctions abroad. It defined that:
“They’ve realized 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.”
Supply: KISSPatent
The most well-liked class of patent submitting is for fintech functions. These embrace functions utilizing cryptocurrencies, supporting storage or the trade of cryptocurrencies. It represents half of all blockchain patent functions, says the report. Different widespread 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 essentially the most blockchain patents. Alibaba, particularly, has filed 10 instances extra patents than IBM in 2020. In keeping with KISSPatent, extra blockchain patents have been filed within the first half of 2020 than all of 2019.
Many business gamers expressed concern over patent trolling, so Sq. helped launch the Cryptocurreny Open Patent Alliance. The group needs to democratize entry to progressive applied sciences.