6.2 C
Dublin
Saturday, December 5, 2020
Home Uncategorized Multinational companies apply for 212 blockchain-related patents in China

Multinational companies apply for 212 blockchain-related patents in China

2019 International Blockchain Conference Photo: Courtesy of Chinese Institute of Electronics

 A total of 35 foreign companies including Microsoft, Oracle, Mastercard, Sony, Intel and Walmart have applied for 212 blockchain-related patents in China as of the end of March 2020, the Global Times have learned. 

New York-based Mastercard applied for 46 blockchain-related patents, the highest number among all foreign firms. Most of its patents are centered on payment methods, payment software and payment security. The company began filing applications in 2017.

Nokia has applied for 13 patents, Intel 12 and Oracle 9, mostly centered on underlying blockchain technology. Some have said the reason behind the tech company applications is for technological accumulation.

But virtually none of the 35 foreign companies have launched blockchain-related businesses in China, the Global Times has found. 

US tech companies including IBM, Google, Facebook and Amazon, despite their intensifying moves in the overseas blockchain industry, have not applied for blockchain patents in China. 

RELATED ARTICLES:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Kate 'still waiting' for royal honour Meghan Markle got weeks after wedding

Joining the royal family comes with a lot of fancy perks - from living in palaces and castles to having your pick of the...

'Hero' bin lorry driver killed as he tried to stop truck rolling towards school

A "heroic" bin lorry driver was crushed to death by his truck when he tried to stop it from rolling towards a school. Andy...

Woman freezes in fear after 'stalker' breaks into her flat during TikTok video

A young woman captured the “scariest moment of her life” as she came face to face with a ‘stalker’ who broke into her home....

All of the rude car number plates which are banned in UK as of 2020 unveiled

The latest round of banned number plates has been revealed. Officials from the DVLA have combed through all possible letter and number combos with...

Recent Comments