IBM Technologies Dominates The Active Blockchain Patents In 2019, Registers 300% Annual Growth
In a new report, IBM Technologies leads the charts in the number of patents in blockchain across the US, crossing the 100 mark. The technology giant continues to lead the field beating its competitors not only in number but growth of patents as well. Other companies included in the report include Bank of America, MasterCard, Intel and Alibaba among others.
IBM Technologies Active Blockchain Patents Grows By 300%
IBM is rapidly expanding its initiative in the blockchain space far more than any other big company in the world today. IBM registered a total of 108 active patent families on blockchain projects, heavily dominating its competitors in number of patents filed including Bank of America (52), MasterCard (43), Intel (35) and Alibaba (25).
IBM is one of the top advocates of blockchain technology investing a whole load of money in building enterprise businesses on blockchains. Earlier in June the company released the new 2.0 version of its Enterprise blockchain solution allowing users a host of benefits in completing business to business transactions.
IBM Technologies leads in number of active blockchain patents in the US (Image: IBM)
Speaking on his report, the CEO of PR crypto company GuerillaBuzz, Yuval Halevi, further notes that the growth of IBM in applying for blockchain patents has grown the fastest in the past year in comparison with the other companies. A total growth of 300% in the past year in the number of active blockchain patent families. He says,
“In just 1 year the number of IBM blockchain patents has grown by 300%. When one of the largest companies in the world (366,000 employees) spends so much of their resources on developing a blockchain department, this tells a lot about the market potential.”
China Ranks Top In Number Of Blockchain Patents Applied
Despite the absolute dominance of IBM in the U.S blockchain space, the country as a whole lags behind China in the number of patents applied in the blockchain industry. China’s huge interest in blockchain has been evident despite the enactment of stringent laws and ban on ICOs in the country. In a report we published earlier in May, China holds 48% of the total blockchain patents across the globe with a total of 4,435 patents being filed from 2013 to 2018.
The charge in number of blockchain patents in China is led by Alibaba, the e-commerce giant, who lead the country with a reported 262 blockchain patents. Alibaba ranks fourth in the number of patent families applied for in 2019 with 25 blockchain patents.
IBM Technologies is also leads the standings having the most job openings in the blockchain and decentralized technologies department. In a review by teQatlas, IBM leads the blockchain space with 335 reported openings showing the belief in the blockchain industry by one of the largest companies in the world.