[2018-02-08] Alibaba Files 43 Blockchain Patents in 2017, Guess Who’s After Ali?

[lylian]

In the 2017 Global Enterprise’s Blockchain Patent Ranking (Top 100) recently co-released by IPRdaily (a new media committed to creating the world’s most influential intellectual property cooperation platform) & incoPat (a patent database collecting more than 100 million pieces of patent information from 112 authorities), blockchain patents from China-based enterprises account for 49% among 1060 pieces of blockchain patents, and over 10% are from five Hangzhou-based enterprises. Next comes the United States, contributing 33%. Companies from Russia, Japan and other countries also can be seen on the list.

Alibaba wins the patent champion with 43 pieces of patents, Bank of America Corporation ranks second, and next comes the PBoC (People’s Bank of China) Digital Currency Research Institute.

China’s growth in blockchain patents and blockchain financing is currently the leading position in the world, far faster than that of the United States, as reported in the China Blockchain Industry Report 2018 released in Davos on Jan.26.

Alibaba has already applied blockchain technology in several scenarios with public welfare, e-commerce and finance included. Early in October 2016, Ali Cloud has launched the world’s first blockchain-based email evidence repository, which allows users to synchronized and store critical data of critical emails to third parties, even judicial department. Months later in March 2017, Alibaba joined hands with PwC to explore blockchain in fight against food fraud and increase the traceability of food products.

Note that another China’s institute is among the top three – PBoC Digital Currency Research Institute. Though founded last year, it has been working on the research and development of legal digital currency as early as 2014...

http://news.8btc.com/alibaba-tops-2017-global-blockchain-patents-ranking-guess-whos-the-runner-up

[partyush]

Oher companies participating in the race for Blockchain patents

With 43 blockchain related patents, Goldman Sachs has emerged as a winner. With the wall street financial institution dominating the list, it emphasizes the notion that blockchain technology can transform the global financial system.

Here you can read in more detail: https://coingape.com/blockchain-patent-race/

[Helen17]

Guess who wants to move forward and be successful... Alibaba

[bambazamba]

Alibaba has always been a hub for welcoming new and more efficient technologies and providing services to the people . Alibaba's involvement in the patents of block chain does not surprise me. The biggest irony comes up with PBoc( Public bank of China) , In the country where the crypto currency is being wiped out the statistics shows that the "blockchain" patents are being widely used here . That is really amusing tbh !!

[laurenB7742]

Oher companies participating in the race for Blockchain patents

With 43 blockchain related patents, Goldman Sachs has emerged as a winner. With the wall street financial institution dominating the list, it emphasizes the notion that blockchain technology can transform the global financial system.

Here you can read in more detail: https://coingape.com/blockchain-patent-race/

Not just the financial system but also other sectors like medicine, law and automobile industry. I'm not in favour of patents though. Blockchain should be open source.

[vit05]

What would these patents be? Is there any website explaining?

I do not know if I'm happy with such news. bitcoin emerged as a possibility to give freedom mainly to individuals. See corporations surrounding patents to protect their self and perhaps take away the freedom to create and develop new open and free technologies, it does not seem a good thing.