$81,679.00
5.48%$1,599.22
8.36%$2.00
9.07%$579.64
4.35%$0.999971
-0.00%$114.95
7.30%$0.156472
7.28%$0.241002
5.10%$0.620672
8.13%$1,592.86
7.83%$81,606.00
5.52%$9.39
2.73%$12.33
8.78%$1.00
0.01%$18.12
8.68%$3.01
-0.73%$0.233959
5.24%$0.170099
11.01%$0.00001195
8.92%$2.14
8.74%$1,909.70
7.78%$6.74
7.48%$297.37
8.58%$74.13
5.27%$3.57
2.76%$1.005
0.27%$4.25
3.86%$0.999026
0.04%$13.68
8.93%$1,595.69
7.96%$0.592758
4.50%$28.04
1.54%$203.30
4.52%$1,696.46
7.98%$53.43
3.78%$5.23
7.49%$1.048
0.15%$0.00000673
6.62%$81,576.00
5.46%$4.60
4.94%$22.04
4.88%$0.835237
14.05%$31.91
14.83%$2.06
7.38%$4.98
7.37%$0.086857
6.09%$0.694983
4.59%$14.96
6.27%$1.00
0.00%$1.16
0.03%$138.27
7.37%$236.40
17.18%$4.43
3.55%$0.02173631
6.66%$0.997564
0.02%$4.03
0.06%$0.066843
9.73%$81,454.00
5.46%$3.32
11.26%$0.303684
5.48%$8.00
4.73%$0.182837
5.53%$2.41
3.84%$0.176596
10.41%$0.473771
15.10%$2.54
7.77%$0.284485
4.11%$10.32
9.43%$3.57
4.33%$81,606.00
5.26%$4.30
1.37%$0.425638
8.69%$1,310.90
5.51%$0.653315
8.03%$0.369824
8.06%$0.066144
3.06%$0.671611
-0.83%$0.999478
0.07%$0.997875
4.23%$1,604.39
8.50%$119.80
7.12%$64.60
4.04%$1,656.42
7.85%$0.611452
9.90%$0.01471223
27.96%$15.72
-0.02%$0.711128
11.87%$1.004
0.26%$0.999621
0.01%$0.00001077
8.07%$0.999778
-0.02%$0.323518
5.04%$0.998602
0.01%$1,799.39
8.10%$7.91
9.43%$3,118.60
2.41%$0.078277
6.57%$0.747024
4.15%$0.152326
6.44%$80,814.00
4.70%$0.403209
3.80%$0.719422
31.60%$3,133.08
2.53%$582.33
4.72%$0.503385
7.86%$81,472.00
5.38%$0.724059
10.50%$0.999605
0.02%$1,696.08
8.28%$0.254311
5.78%$0.01405388
7.62%$0.575688
-2.37%$0.0000006
5.75%$0.101298
5.21%$0.471018
8.38%$0.158357
5.17%$28.22
7.86%$1.89
6.62%$0.344442
5.75%$0.01104138
4.75%$1.69
5.09%$0.999858
0.04%$147.21
7.07%$3.25
10.09%$32.50
-10.20%$0.00005306
7.14%$1,659.73
7.99%$0.997906
0.04%$2.72
9.77%$1.68
3.85%$0.489906
3.57%$1.002
0.19%$125.23
6.47%$0.068055
0.50%$14.02
7.18%$0.419287
-1.05%$0.124743
5.22%$0.999923
-0.00%$1.57
-6.89%$0.00469927
14.98%$1.091
-0.03%$0.227192
6.10%$73,241.00
-2.07%$3.95
12.20%$0.00746515
14.14%$0.159342
1.07%$0.45043
6.91%$0.542657
3.19%$81,828.00
5.98%$0.00000042
4.05%$81,406.00
4.59%$1.082
-0.01%$110.63
0.01%$0.99613
-0.36%$0.999257
-0.09%$0.156747
7.31%$0.999301
-0.05%$13.98
7.90%$5.57
2.08%$0.133595
8.30%$1.096
6.82%$2.39
4.34%$1,693.95
8.22%$0.01169281
34.87%$0.03919129
6.54%$0.372812
10.74%$1.77
21.45%$22.40
0.31%$81,275.00
5.29%$0.00001837
5.71%$0.071657
5.19%$39.62
5.42%$77,106.00
0.00%$0.563063
6.56%$1.00
0.17%$0.172124
3.66%$1,593.76
8.01%$5.22
6.94%$1,593.95
8.17%$0.073438
5.00%$0.00632457
9.08%$0.414682
4.99%$1,664.04
8.23%$1.003
0.02%$1,594.15
8.24%$0.773245
4.00%$0.999703
0.00%$0.00000157
-2.76%$0.182756
5.43%$0.00005775
5.87%$3.89
10.68%$0.380208
23.22%$0.464862
2.37%$0.999353
0.00%$0.03018099
4.20%$0.00350644
5.92%$1.00
0.03%$1,593.72
7.91%$0.138143
10.26%$0.30766
3.29%$1,625.02
8.63%$0.02764446
6.20%$0.00435357
8.33%$2.45
3.46%$102.34
7.22%$81,456.00
5.47%$3,105.04
2.02%$0.210364
5.93%$0.00042419
96.52%$1,574.76
8.63%$2.66
4.16%$0.216316
8.59%$1.013
7.86%$20.49
4.76%$0.555179
8.84%$81,408.00
5.94%$1.031
6.31%$1,596.13
8.18%$0.243026
6.22%$0.42944
4.48%$1.00
-0.08%$0.0304054
10.67%$0.477884
2.95%$0.03432767
8.10%$0.170085
7.65%$21.38
5.49%$0.550709
12.19%$1,684.45
8.24%$0.998638
0.08%$1,638.84
5.50%$1,745.29
8.15%$13.14
4.44%$18.11
8.76%$0.094207
6.11%$12.77
1.60%$0.628257
4.12%$0.467789
14.24%$1,733.75
8.29%$0.01063105
6.61%$0.999934
-0.02%$3.05
20.10%$81,491.00
5.68%$2.59
5.67%$1,594.00
8.47%$0.841784
-2.20%$1.92
6.92%$0.999762
-0.02%$0.593803
24.11%Reading
A new report from the China Patent Protection Association shows that Chinese multinational Alibaba leads the world in patents awarded for blockchain-related technology.
According to the 2020 Blockchain Global Patent Authorisation Report, there are 3924 awarded patents for blockchain tech to date. US firms account for the lion’s share of awarded patents, at 39%, Korea has 21%, while China comes in at 19%.
Alibaba leads the field of individual firms with the most patents, with 212 awarded blockchain patents, while IBM has 136. South Korea’s Coinplug comes in third for patents granted with 107 in total. China’s other web giant, Tencent, has 42.
2020 is set to break records for the number of blockchain patents awarded on an annual basis. In 2019 there were 1799 patents awarded, while as of May 14, 2020 there were 1257 confirmed by patent offices around the world.
The report also notes how many patents from large firms have been awarded in jurisdictions other than their own. 126 of Alibaba’s 212 China-awarded patents have also been confirmed in the US, while 80 of IBM’s US-granted patents have been confirmed in China. Overall, 59% of all blockchain patents awarded in China also have a parallel award in an overseas jurisdiction.
During the past few years there has been a sort of ‘arms race’ as firms in China and the US file for patents to make a claim to their blockchain-related technology. However, blockchain patent filings have a notoriously high failure rate.
In the inaugural China Blockchain Report, Forkast Insights noted that over 10,000 blockchain-related patents have been filed with the China National Intellectual Property Administration as of late 2019 but only a fraction were actually awarded.
China took the lead in blockchain-based patent applications in 2019, according to a joint report from Chinese outlet IPR Daily and global patent database IncoPat. The report revealed that China has managed to secure seven of the top ten spots—including the first, second, and third—in the global ranks for blockchain patent applications. Global blockchain patents in 2019. (Source: IcoPat/IPRdaily) In first place is Chinese e-commerce giant Alibaba and its payments subsidiary Alipay, with a massive...
Part of the reason for the staggering number of blockchain patents filed (and patents filed in general from China, the world’s largest filer) is that the government subsidizes the application process. This incentive structure removes the financial burden, especially for startups, but also creates a high noise-to-signal ratio and is why non-resident companies—which are awarded 68% of patents filed, versus 26% for residents—have a higher success rate for patent applications across any industry.
Another example of this noise-to-signal ratio is the 35,000 ‘blockchain’ companies registered in China. But many, according to Forkast, are simply shells attaching the world “blockchain” to their name as a form of SEO for investor interest. Of these 35,000 firms, only 730 have a government-required blockchain service number meaning that less than 2% of blockchain companies in the country are doing what their name implies.
This story was produced in collaboration with our friends at Forkast, a content platform focused on emerging technology at the intersection of business, economy, and politics, from Asia to the world.
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