There is a competition between Alibaba and IBM on the point who will file the highest quantity of blockchain patents by a certain date, reports iPR Daily on August 31.
According to iPR Daily that specializes in intellectual property, it has analyzed the figures received on August 10 in such countries as China, Japan, South Korea, the USA and countries of the EU in addition to the consultations of WIPO International Patent System.
The first place is taken by Alibaba in China with the filing of 90 blockchain patent apps, whereas there are 89 apps filed by IBM too.
A bronze prize has been taken by MasterCard with 80 filed patents and the fourth place with 53 apps is taken by Bank of America. Top 5 is closed by People’s Bank of China (PBoC) which has offered central bank 44 blockchain-related patent apps.
According to Cointelegraph report, the analysis of WIPO data made it possible to find out that China took the first prize in 2017 for the number of patent filings that have reached 235. The USA and Australia were silver and bronze prize winners with 91 and 13 apps respectively.
There is a counterbalance between the tech embrace of China and a strict position regarding decentralized cryptocurrencies which has become much more apparent during several last weeks.
Jack Ma, a founder of Alibaba company, shares the following split viewpoint, as he has always supported blockchain despite being skeptical for cryptos.
When it comes to IBM, this company keeps on increasing the investment in blockchain in the range of fields. It is confirmed by a recent 5-year contract for $740 million signed with the government of Australia according to which both blockchain and other innovative technology will be used for protection and automation of data in different state departments.