International Business Machines Corporation (IBM) has increased the quantity of blockchain patents secured in the United States by 300 percent since the previous year.
As specified by the tweet of Yuval Halevi, co-founder of GuerillaBuzz, currently IBM boasts 108 active patent families which is far above other remarkable organizations. This includes several principal tech organizations, such as Bank of America (52 blockchain patents), MasterCard (43 blockchain patents), and Intel (35 blockchain patents).
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
However, as reported, IBM has international competition as at the present, China is outpacing the U.S. and the world with the quantity of blockchain patents. The leading Chinese giant in blockchain patents is Alibaba, having 25 blockchain patents.
It’s not news that IBM is bullish on the potential of blockchain technology. The tech giant already runs World Wire, it is as well the top employer of blockchain-related vacancies based on the number of offers currently listed online, with 335 job openings related blockchain.