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JD.com, a Chinese e-commerce giant applies for over 200 blockchain patents, while a major e-commerce competitor Alibaba applied for 262, Chinese internet titans Tencent and Baidu applied for 80 and 50 such patents respectively, as recorded by the Intellectual Property Center of China Information and Communication and reported by Securities Daily News on May 20.
As per the data provided by Intellectual Property Center of China Information and Communication, JD.com was in first place for “global blockchain patent strength,” with Alibaba, Tencent, and Baidu taking the second, seventh, and fifteenth place, respectively. The report went on to note that China has evolved a global forerunner in blockchain applications.
Reportedly, China has filed 4,435 blockchain patent applications from 2013 to 2018, i.e. 48% of global blockchain patent filings accor...
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