For a technology that is billed by enthusiasts as the next internet, it is imperative that America act now to ensure that Russia’s prediction that “the blockchain will belong to us” does not come to fruition. To be sure, there is no guarantee blockchain will achieve this level of influence. However, if there is chance that blockchain is even a fraction as revolutionary as the internet, America cannot afford a wait-and-see approach.
Ant Group, the financial technology affiliate of e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) retained its spot as the largest holder of blockchain patents in 2020, according to a report by International Asset Management that cited data from Clarivate’s Derwent World Patents Index or DWPI.
What Happened: Research published by IAM showed that Ant Group retained its top spot on the index, which aggregates patents filed for both quantity and quality, CoinDesk first reported. The rankings are dominated by Chinese companies, which lead the way in terms of blockchain patent filing volume.