Chinese e-commerce behemoth JD.com has applied for more than 200 blockchain patents, while major competitor Alibaba applied for 262.

As reported by Cointelegraph, the Intellectual Property Center of China Information and Communication also recorded that Chinese internet giants Tencent and Baidu applied for 80 and 50 such patents, respectively

Topping the Lists

Data provided by the Center of China Information and Communication indicated that JD.com topped the listing for “global blockchain patent strength,” with Alibaba, Tencent, and Baidu coming in at second, seventh, and fifteenth place, respectively.

The report also named China the global forerunner in blockchain applications, as the country filed 4,435 blockchain patent applications from 2013 to 2018, constituting 48% of global blockchain patent filings.

The United States was meanwhile named The runner-up in patent numbers with 1,833 blockchain patents in total, occupying 21% of the global patent space.

Companies, which accounted for 75% of applicants, vastly outnumbered the quantity filed by research institutions, individuals, and government agencies. The reported further noted that of that 75%, the majority of firms which filed patents were internet-related.

Moving Forward

In pointing out that intellectual property infringements have been an issue for Chinese blockchain patents in the past, the Center of China Information and Communication also recommended the government “do a good job” in industry supervision and patent quality control.

The center also advised enterprises to raise awareness of intellectual property protection and risk prevention, while avoiding blind investment in the blockchain field and applying for low-value patents.

In addition to releasing a blockchain-as-a-service (BaaS) platform in 2018, JD.com has also helped establish institutes for blockchain research.

Source: cointelegraph.com

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