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A study from the team at Kisspatent shows that Alibaba Group is the largest blockchain patent holder in 2020 capturing 10x the number of patents held by IBM. The report notes that blockchain patents \u201care skyrocketing\u201d this year and so far in 2020, there\u2019s been more distributed ledger technology and cryptocurrency patents published than all of 2019.<\/strong><\/p>\n It seems distributed ledger technology and cryptocurrency solution patents are becoming a thing again in 2020. A few years ago various reports said that Bank of America (BoA) and the firm Nchain were gobbling up all the patents applied to digital assets and blockchain technology.<\/p>\n Times have changed in 2020, and both companies have slid down the ranks as far as top blockchain holders are concerned this year.<\/p>\n Kisspatent\u2019s latest study<\/a> shows that Alibaba Group was the top company this year with successful blockchain patent filing and IBM jumped significantly. Alibaba Group is the top blockchain patent holder while the Chinese multinational technology company is followed by the financial institution BoA.<\/p>\n While Alibaba and IBM were the top two blockchain patent filing contenders in 2020, Alibaba outpaced IBM by 10x the number of patents. Moreover, this year has already seen \u201c3 times more blockchain patents published than in 2018.\u201d<\/p>\n Behind IBM, is Mastercard, Nchain, and Walmart respectively in terms of blockchain patents held. The Kisspatent research noted that the list of top blockchain patent holders was not really represented by distributed ledger-specific firms.<\/p>\n \u201cBlockchain-only companies are not filing for patents, Fortune500 companies are,\u201d Kisspatent researcher Dr. D\u2019vorah Graeser notes. Interestingly, the firm Nchain, the infamous company that the self-proclaimed Bitcoin inventor Craig Wright works for, is a \u201cthe only pure blockchain company.\u201d<\/p>\n Kisspatent highlights that Nchain\u2019s claims are based on numbers said in a press release, but \u201c[the number] could include many that haven\u2019t published yet, plus they may be counting international applications filed in multiple countries as separate patent application filings,\u201d Graeser says.<\/p>\n Graeser\u2019s list seems incomplete as it does not include firms like Reechain, Webank, and Tencent. Chinadaily.com<\/a> shows that these three Chinese firms are top blockchain patent holders.<\/p>\n According to the regional publication\u2019s estimates, IBM has 240 blockchain patents, Rechain 279, Webank 282, and Nchain has 402 patents total. Chinadaily.com<\/a>\u2019s list shows Tencent has a significant number of distributed ledger patents with 724 to-date. Alibaba Group is still king with a whopping 1,505 blockchain patent filings.<\/p>\n What do you think about the top blockchain patent holders in 2020? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n The post Report: Blockchain Patents \u2018Skyrocket\u2019 in 2020, Alibaba Owns the Most Crypto Patents<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"Report:](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/09\/blockchainapplicationsnlpvskeywordscopy.png\" "\\"Report:")
<\/p>\n![\"Report:](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/09\/report22-blockchain-patents-skyrocket-in-2020-alibaba-owns-the-most-crypto-patents.jpg\" "\\"Report:")
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