Beijing. Source: Adobe/ SeanPavonePhoto

Chinese business are still topping the blockchain patents charts– regardless of Beijing’s current crackdown on crypto and a few of the country’s most significant tech companies.

In a paradoxical twist, a few of the companies that have actually fallen afoul of a current crackdown on video gaming, fintech, home entertainment and chat app operators include plainly in the current worldwide blockchain patents index, as put together by the copyright market media outlet IPR Daily and the incoPat Innovation Index Research Center

But regardless of Beijing’s obvious suspect of the Middle Kingdom’s greatest tech companies, it stays dedicated to winning the international blockchain innovation race– and has actually provided “policy assistance” to business devoted to making blockchain-related “business financial investment.”

As an outcome, the Alibaba fintech subsidiary and WeChat Pay operator Ant Group now ranks initially on the yearly top 100 list, where it stands head and shoulders above its domestic and worldwide rivals worldwide of blockchain research study and advancement. The company has actually signed up an overall of 1,252 blockchain licensed patents more than “the amount of the 2nd to fifth-placed business” on the list.

The Alibaba mom business likewise signed up 249 of its own patents, ranking 4th on the list.

This development is even more exceptional considering what a torrid year Ant Group has actually suffered at the hands of Chinese regulators. Its going public (IPO) was ambushed at the l lth hour by Beijing prior to its creator Jack Ma vanished from the general public eye without a trace. A number of months later on, a recently controlled and crestfallen Ma went back to the scene, however appears to have actually ended up being a shadow of his previous self.

More just recently, the company has actually fallen nasty of information and monopoly policies that Beijing has actually utilized to select at the power base of leading tech companies.

Alibaba’s greatest competitor has likewise knowledgeable rapid development on the blockchain patents front, in spite of extremely comparable challenges: Tencent last month toppled out of the world’s top 10 business, Investment Week reported– with scared investors in the West captured in a sell-off of Chinese tech stocks.

But the company’s Tencent Technology arm saw the fastest development rate on the index in the previous year, ranking 2nd to Ant with 391 licensed blockchain-related patents.

The media outlet China News mentioned that China’s blockchain market “has actually established quickly and remains in a leading position in blockchain patents.”

America’s IBM was 3rd with 297 licensed patents. The Bank of America was ninth on the list with 74 patents and the just other non-Chinese company in the top 10 was South Korea’s Coinplug(in the 5th area) with 114.


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