Chinese holding firm Ping An overtakes Tencent in blockchain patents race

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Chinese language holding conglomerate Ping An Group filed the biggest variety of blockchain-related patents in 2020, in keeping with a brand new report.

Mental property-focused journal Mental Asset Administration has released a report on the rankings of the world’s foremost blockchain patentees. Based mostly on knowledge from the Derwent World Patents Index, the rankings present that Ping An filed 1,215 blockchain patent households final yr, greater than Tencent and Ant Group mixed. 

Proudly owning a complete of 1,749 blockchain patent households, Ping An sharply elevated its variety of patent purposes final yr, up from simply 291 in 2019. Based mostly in Shenzhen, Ping An operates a monetary and insurance coverage conglomerate, offering a variety of companies together with banking, asset administration and trusts. The corporate has been cementing its presence within the business, with Ping An Financial institution setting up a blockchain-focused boutique in 2018.

Ping An has overtaken Tencent by the entire variety of traditionally filed patent households, with Tencent having a complete 1,666 patent household purposes. Ant Group, which filed 586 patents final yr, stays the most important blockchain patentee with a complete of two,298.

Supply: Mental Asset Administration

World tech big IBM is the one American firm talked about within the report, ranked fourth with a complete of 647 blockchain patents as of 2019. Regardless of Chinese language corporations main the world within the variety of patents, IBM’s blockchain patents have the best quotation fee within the business. The corporate additionally owns among the earliest mental rights within the blockchain area, the report notes.

Supply: Mental Asset Administration

In accordance with the report, the variety of annual world blockchain patent purposes has been steadily reducing over the previous three years, dropping from 12,300 in 2018 to 11,299 in 2019. In 2020, a complete of 9,415 blockchain-related patent households have been filed, the info says.