According to a study published by the firm KISSpatent, Alibaba will beat IBM as the largest Blockchain patent holder. The report, published last Thursday, ensures that it is an unstoppable trend.
According to the experts behind the investigation, the company with Chinese capital is “running the show”. In other words, they claim that Alibaba is publishing 10 times more Blockchain patents than its closest competitor, IBM.
All this suggests that Alibaba, by the end of 2020, will far surpass the American IT firm. At the same time, KISSpatent explained that as time passes, the flow of new patents will increase with blockchain technology.
Alibaba will win in this arms race for the Blockchain
As already stated, by the end of the year we will witness how Alibaba will beat IBM when it comes to possession of Blockchain patents. Thus, the drive of the Chinese company can be considered as a clear reflection on a scale of what is happening at a general level between the two countries.
The capacity of the Asian nation in the development of Blockchain, shows that China, technologically speaking, leaves western nations on the way.
According recent studies, Beijing is overtaking the United States when it comes to Blockchain development. It should be noted that, in this new arms race Between the two powers, President Xi Jinping himself made “a public call to arms” regarding the development of the blockchain.
Other players, such as the University of Arkansas, cited by the CoinTelegraph news portal, consider that China has already won. However, US companies have not yet had the last word, so further developments are expected on both sides of the world.
Taking into account what has been said above, it is not surprising that companies like Alibaba show clear trends of superiority in Blockchain compared to their rivals. Another important aspect is the quality of the patents offered by the Asian capital company.
For example, there is the case of Cross-chain System, which protects the copyrights of musical artists. In addition, it allows a great improvement in communication between blockchains.
Another aspect that is worth highlighting, leaving aside the arms race, is the emergence of new Blockchain patents. In the first half of 2020, according to the report, there were four times more patents than in all of 2018.
It is expected that, within 10 years, this technology will predominate in all areas of services. The trend that claims that Alibaba will beat IBM in this race is a reflection of what the future of technology will be, experts from the University of Arkansas believe.
The big ones dominate Blockchain patents
It cannot be omitted from mentioning that, among the biggest Blockchain patent developers, are traditional companies. In this case, Fortune 500 they dominate the landscape far above companies born specifically for the Blockchain universe.
This could be counterintuitive, because blockchain technology is open source in nature. On the other hand, traditional companies can be said to be the opposite.
However, it should be borne in mind that Blockchain is not a discriminating technology. It is open to all those who want to promote the internal development of their services.
Data to take into consideration
- Between 2014 and 2019, China’s blockchain patents reached 2,218, while those of the US barely reached 227.
- Right now, Alibaba’s Blockchain patent launch rate is 10 times higher than IBM’s.
- In early 2020, more Blockchain projects were patented than in all of 2019.
- By the end of this year, Alibaba will definitively win in the race against IBM for the domain in Blockchain patent ownership.
The information in this content has been extracted from reliable sources detailed below.:
1- Professional handling of content by the authors of CriptoTendencia.
2- External sources: Kisspatent.com and CoinTelegraph.com.