Ali Baba and the study said IBM has the largest blockchain Patents worldwide

Ali Baba  to an intellectual property research released on Friday, Chinese Internet giant Alibaba and veteran giant IBM topped the list of global financial technology companies with 90 and 89 blockchain patent applications, respectively.

Major financial and technology companies from China and the United States are leading the way in the global application of blockchain applications.

According to CoinDesk, the study was published by iPR Daily, a public information agency specializing in intellectual property research.

The results show that Alibaba has become the world’s largest patented blockchain company with 90 blockchain related technology patent applications.

In second place is IBM, which has 89 patent applications. The US company MasterCard ranked third with 80 patent applications. Bank of America has 53 blockchain patent applications, ranking fourth.

iPR Daily said that as of August 10, it has Ali Baba patent database information from China, the United States, Europe, Japan and South Korea, as well as the WIPO international patent system.

It is worth noting that the People’s Bank of China (PBoC) ranks fifth and is one of the few central banks in the world that has entered the blockchain industry. The bank has 44 blockchain patent applications.

According to previous media reports, the Digital Money Laboratory of the People’s Bank of China led by Yao Qian submitted more than 40 patent applications within 12 months after its establishment. Central Bank of each patent is part of a major effort was made to create a digital currency, digital currency that combines encryption currency core features of the existing monetary system and China.

Other well-known companies on the research list have also submitted at least 20 patent applications related to the blockchain, including Tencent, Accenture, Ping An Insurance, Bitcoin, Intel, Visa, Sony, Google and China State Grid.

It is worth noting that it is the turning point of these famous companies from technology development to actual production.

For example, Alibaba recently launched a “payment corridor” based on a distributed network to solve financial transactions for residents living in Hong Kong and the Philippines.

Tencent also trials new applications in Shenzhen through WeChat applications, using blockchain technology to help companies invoice and speed up the reimbursement process.

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