Categories: Bitcoin Business

IBM triples its blockchain patents in just one year

Click here to view original web page at coingeek.com

International Business Machines (IBM) has continued to be a trailblazer in the blockchain patent race in the U.S, new data has revealed. The multinational tech giant has tripled its blockchain patents in the past year, the data showed. Bank of America, Mastercard and nChain were among the other leading blockchain patents owners in the U.S.

The data was collected by Yuval Halevi, the co-founder of GuerillaBuzz, a cryptocurrency and blockchain PR company. Halevi took to Twitter to share the data which shows IBM being the outright leader in the blockchain patent ownership sector in the U.S.

The New York-based company holds 108 blockchain patents, the data showed. One of the latest patents acquired by the Big Blue was for a platform that will use blockchain technology to verify information shared between mobile devices in real time. According to documents published by the USPTO, IBM will be out to use the platform to transform the artificial intelligence and internet of things industries.

Halevi, who is also the co-founder of Startup Stash, a site that curates tools and resources to help founders build their startups, acknowledged the implication that the heavy investment by IBM has on the blockchain industry. He stated, “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.”

IBM has continued to invest in blockchain technology heavily. Its faith in the potential of blockchain was proven recently when despite massive layoffs at the firm, the blockchain division was barely scathed. Additionally, a report by TeqAtlas revealed that IBM is the highest blockchain employer. In March this year alone, the company had over 330 blockchain-related vacancies on its website, twice that of second-placed Oracle.

Bank of America has the second-highest number of blockchain patents in the U.S, the data showed. This is despite the bank’s tech chief recently admitting that she remains bearish when it comes to blockchain technology. But then again, Jamie Dimon bashed cryptos for years, only for JPMorgan Chase to launch its own crypto.

The other leading blockchain patents owners in the U.S are Mastercard, Intel, Alibaba Group, nChain, Walmart, Dell Technologies and Microsoft. The data is proof that nearly all the major tech companies have embraced blockchain technology and are bracing themselves for the blockchain arms race.

While IBM leads in the U.S, it has stiff competition globally. nChain remains a global leader in blockchain patents, with Chinese firms such as Baidu, Alibaba and Tencent also stepping up their game.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

G7 To Investigate Bitcoin{BTC} And Other CryptoCurrencies

Source: Wikimedia The G7 meets next week to investigate regulations for Bitcoin and other cryptocurrencies. G7 To Discuss Bitcoin Next… Read More

45 mins ago

US Treasury Blackballs Bitcoin Addresses of Chinese Drug Kingpins

The US Treasury is blacklisting specific bitcoin addresses related to Chinese druglords. | Source: Shutterstock By CCN Markets : The… Read More

45 mins ago

Modex: How blockchain can solve the fake news problem

LONDON, UK - Media OutReach - 22 August 2019 -When Satoshi Nakamoto solved the Byzantine General's problem in 2008 by… Read More

45 mins ago

Unlocking the future of blockchain innovation with privacy-preserving technologies

The origins of blockchain as many are familiar with it today can be traced back to the Bitcoin whitepaper ,… Read More

45 mins ago

Maerki Baumann Why a Swiss private bank is embracing blockchain

Maerki Baumann decided it could not sit still and hope for the best. At a time of increasing pressure on… Read More

45 mins ago

World Bank picks up millions in latest blockchain bond move

In August of last year, the World Bank and the Commonwealth Bank of Australia (CBA) announced a new bond alternative… Read More

45 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More