BEIJING, July 3 (Xinhua) -- Alipay, a leading digital payment platform run by the Chinese e-commerce giant Alibaba, possesses the most blockchain-related authorized patents worldwide which stands at 212, reported Beijing Daily Thursday quoting a report by the Patent Protection Association of China (PPAC).
Among the 212 patents, 126 were granted in countries or regions outside China, accounting for more than 59 percent of the total, said the report.
It noted that Alipay was followed by IBM (International Business Machines Corporation), a tech giant of the United States, and Coinplug, a bitcoin exchange in the Republic of Korea (ROK), which own 136 and 107 of such patents respectively.
Chinese tech giant Tencent ranks ninth with 42 blockchain-related authorized patents, it said.
According to the report, as of May 14, 2020, there are 3,924 blockchain-related authorized patents around the globe, and the United States, ROK and China are the top three countries in terms of the number of such patents which account for 39 percent, 21 percent and 19 percent respectively of the total. This indicates that markets of the three countries are most likely to be the first to adopt the blockchain technology, said the report. (Edited by Gu Shanshan with Xinhua Silk Road, firstname.lastname@example.org)