• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Report: Blockchain patents ‘skyrocket’ in 2020, Alibaba owns the most crypto patents

5 years ago
in Business, Cryptocurrency, highlights, Home, latest News, Technology
2 min read
0 0
0
54
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

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 “are skyrocketing” this year and so far in 2020, there’s been more distributed ledger technology and cryptocurrency patents published than all of 2019.

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.

Times have changed in 2020, and both companies have slid down the ranks as far as top blockchain holders are concerned this year.

Report: Blockchain Patents 'Skyrocket' in 2020, Alibaba Owns the Most Crypto Patents

Kisspatent’s latest study 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.

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 “3 times more blockchain patents published than in 2018.”

Report: Blockchain Patents 'Skyrocket' in 2020, Alibaba Owns the Most Crypto Patents

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.

“Blockchain-only companies are not filing for patents, Fortune500 companies are,” Kisspatent researcher Dr. D’vorah Graeser notes. Interestingly, the firm Nchain, the infamous company that the self-proclaimed Bitcoin inventor Craig Wright works for, is a “the only pure blockchain company.”

RelatedPosts

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Kisspatent highlights that Nchain’s claims are based on numbers said in a press release, but “[the number] could include many that haven’t published yet, plus they may be counting international applications filed in multiple countries as separate patent application filings,” Graeser says.

Graeser’s list seems incomplete as it does not include firms like Reechain, Webank, and Tencent. Chinadaily.com shows that these three Chinese firms are top blockchain patent holders.

According to the regional publication’s estimates, IBM has 240 blockchain patents, Rechain 279, Webank 282, and Nchain has 402 patents total. Chinadaily.com’s 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.

Tags: AlibabaBank of AmericaBlockchain patentcryptocurrencyIBMMaster CardWalmart
No Result
View All Result

Highlights

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Trending

Features

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

August 23, 2025

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul In the heart of West...

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.