China’s E-Commerce Giant JD Entered Into Blockchain Space
As per the reports suggested Chinese e-commerce giant JD has applied for over 200 Blockchain patents.
The rival of JD – Alibaba group has applied for over 262 blockchain patents. Other Chinese internet Titans Tencent and Baidu has applied for 80 and 50 patents respectively.
China has filed over 4,435 blockchain patents applications from year 2013 to 2018 which is approximately 48% of the total patents filed in blockchain worldwide. The data was recorded by Intellectual property centre of china Information and communication.
The patents constitute a large amount from Research Institutions, Individuals and Government Bodies. Out of the total patents filed, 75% of the companies were related to internet technology.
Last month JD.com had launched JD chain, a Blockchain based framework for business.
JD.com has also released a Blockchain-as-a-service (BAAS) platform – JD BLOCKCHAIN OPEN PLATFORM in the year 2018 that allows organisations to streamline Blockchain creation and run smart contracts.
JD.com has also helped in creating institutes in the field of blockchain research such as Smart City Research Institute and Blockchain Research Lab.
After China, US is in the second place in Blockchain patents applications filing with 1,833 patents which accounts for 21% of total patents filed worldwide.
On 26-05 bitcoin was trading at $7,991 showing gain of 0.1% in the last 24 hours with the market cap of 141 Billion USD and Ethereum was trading at $248 showing loss of 0.8% in the last 24 hours with market cap of 26.3 Billion USD.
