Tech giant IBM is on his way to becoming a blockchain leader. According to a recent report, the New York-based company has grown its blockchain-related patents by almost 300% in 2019 alone.
As previously mentioned in articles ours, over the past few years IBM blockchain had managed to enter in partnerships with a number of companies. It was actually in 2015 that IBM showed its keen interest in the distributed ledger technology. Fast forward to 2019, the tech giant has already managed to strike deals with the like of Volkswagen, JP Morgan Chase, Ford automobile, and Korean giant LG to name a few.
So it is no surprise that currently, the company is “boasting more than 108 patent Families” in the United States alone.
As explained by Yuval Halevi, co-founder of crypto and blockchain PR firm GuerillaBuzz, IBM is way ahead of its “competition” in regards to active patents in the U.S.
Data provided below obviously cements IBM’s position in that field.
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 #blockchain #IBM #Growth pic.twitter.com/wY3q6DOKHR
— Yuval Halevi (@Yuval_Halevi) July 15, 2019
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,” argued Yuval Halevi.
China, at the top once again.
Despite the apparent success domestically in the United States, IBM is no match to China’s Alibaba at the international level. Given the fact that China leads the rest of the world in terms of blockchain patents obtained by a huge margin, it is only fair that Chinese e-commerce company Alibaba finds itself with an impressive 262 patents.
Additionally, China is also the world leader in terms of blockchain-related patents applications.
Nevertheless, in light of IBM continuous push for global decentralization through the various blockchain-related projects, it is safe to say that the American tech giant is on his way to becoming the top dog within the blockchain ecosystem.