Alibaba, OneConnect Leads China’s Blockchain Patent Race
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Alibaba, OneConnect Leads China’s Blockchain Patent Race

THELOGICALINDIAN - Alibaba and OneConnect denticulate the accomplished in Chinas contempo Blockchain Patents account afterwards they both filed IPO prospectuses at the aforementioned time

The development of blockchain technology continues to acerbity on beyond the world, and endless corporations are disturbing to booty the lead. A little over a anniversary ago, on November 18th, BlockData published a new report blue-blooded China Blockchain Patents Report 2019 and the Comprehensive Strength account of China’s Blockchain Patents 2019.

The address leaves little agnosticism as to which Chinese companies are amid the arch in the blockchain patenting, with Alibaba demography the top atom on the list. However, anon abaft the e-commerce giant, OneConnect takes the additional place.

OneConnect may be the additional overall, but it still topped the account back it comes to the baronial by the backbone of blockchain-related patents. The all-embracing baronial absolutely considers several factors, including:

The two companies accept addition affair in common, afar from actuality the top blockchain apparent holders in China. They both absitively to affair their IPO prospectuses on the aforementioned day, and in the US and Hong Kong alike. They did so aloof afore the account was published, and the move admiring a lot of attention.

Two Largest Blockchain Patent Holders in China

Alibaba absitively to abide its own basic announcement about two weeks ago, on November 13th, and it appeared on SEHK (Stock Exchange of Hong Kong). The aggregation arise that it aims to affair as abounding as 500 new shares that will arise on the exchange’s mainboard.

alibaba files blockchain patent

In China itself, Alibaba held 6,175 accustomed patents, with 13,336 added apparent applications. On the alfresco of the country, the close had an added 3,112 accustomed patents, and 9,742 new applications, as of June 30, 2019.

As mentioned, OneConnect activated for the IPO on the aforementioned day, November 13th. The aggregation approached the US SEC, with its announcement claiming that the close has activated for 542 adopted patents, as able-bodied as about 2,850 calm ones.

However, one affair to agenda is that OneConnect concluded up actuality the astral close based on the backbone of its blockchain patents. Its FIMAX blockchain solution alike accomplished the cool agent administration appointment of China’s government. Further, it became a band-aid for accumulation chain, action loans, barter finance, mortgages, able ecology protection, and more.

What do you anticipate about Alibaba and OneConnect filing blockchain patents? Let us apperceive your thoughts in the animadversion area below.

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