Chinese Tech Giant Tencent Files List Of Blockchain Patents

Tencent has reportedly expanded its dominance in blockchain patents after submitting for DLT-based fund administration, promoting and media storage options.

Tencent has been increasing its analysis into blockchain, with the agency registering a sequence of patents detailing distributed ledger expertise (DLT)-based options for fund administration, and promoting.

Chinese language media outlet Egsea reported the patents on June 18, noting that the filings additionally included blockchain-based client functions, {hardware} units, and media storage techniques.

The latest filings come as blockchain sees rising enterprise adoption within the areas of cloud, synthetic intelligence and internet-of-things (IoT). The brand new filings will lengthen Tencent’s presumed dominance within the variety of blockchain patents held.

In April, media outlet China Banking Information reported that Tencent had amassed extra patents in 2019 than another agency, having filed for 718 throughout final 12 months alone.
With the report estimating that 5,800 patents for blockchain applied sciences had been filed in 2019, Tencent represents 12.4% of all patents filed final 12 months.

In Could, Tencent introduced that it plans to take a position $70 billion into rising applied sciences over the following 5 years, with blockchain named alongside cloud computing, synthetic intelligence and IoT as prioritized sectors.

The next week noticed Tencent announce its intent to determine a 100-member blockchain alliance by the tip of 2020. Tencent hopes the alliance will appeal to universities, think-tanks, tech corporations and business our bodies to analysis DLT functions and set up business requirements.

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