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 response to 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 in 2020, 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 functions in 2020, 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 trade, with Ping An Financial institution setting up a blockchain-focused boutique in 2018.

Ping An has overtaken Tencent by the overall variety of traditionally filed patent households, with Tencent having a complete of 1,666 patent household functions. Ant Group, which filed 586 patents final 12 months, stays the largest blockchain patentee, with a complete of two,298.

Supply: Mental Asset Administration

International tech large 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 firms main the world within the variety of patents, IBM’s blockchain patents have the best quotation price within the trade. The corporate additionally owns a number of the earliest mental rights within the blockchain house, the report notes.

Supply: Mental Asset Administration

In accordance with the report, the variety of annual international blockchain patent functions 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 reveals.