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China approves 197 blockchain firms, inc. Alibaba, JD.com

Scott Thompson

Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News. Its rival Alibaba Group has, meanwhile, applied for 262 patents in this space, as recorded by the Intellectual Property Center of China Information and Communication. Pushing boundaries Last month, we reported that JD.com had launched JD Chain, a blockchain framework for businesses.  This followed on from a blockchain technology open platform, enabling businesses to leverage pre-built APIs. The new addition means that companies can now build their own solutions, starting from the underlying architecture and without relying on pre-built APIs. This will be complemented by the JD Chain Open Source Community, which aims to promote greater discussions and pooling of resources

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E-commerce giants Alibaba and JD.com have made it onto China’s cyberspace administration’s first list of registered blockchain service providers.

There are 197 companies in all, with Alibaba and JD.com developing Blockchain-as-a-Service offerings. The regulator says that it will continue its search for other services that should register and “relevant institutions and individuals who have not fulfilled the filing procedures should apply for filing as soon as possible.”

Logistics, government and medical services are the areas that dominate the first list. The authorised companies are not allowed to use blockchain technology for any commercial purpose.

Patents

Last year, Alibaba nabbed the top spot, ahead of IBM, on an iPR Daily list that ranked global organisations by the number of blockchain-related patents they had filed.

The media outlet used data up until 10th August from across China, the EU, America, Japan and South Korea, and also consulted the International Patent System from the World Intellectual Property Organization (WIPO).

Alibaba filed 90 blockchain-related patent applications and IBM was close behind with 89. In third place was Mastercard (80) followed by Bank of America (53). Next up was People’s Bank of China (PBoC), which filed a total of 44 patent applications around its central bank digital currency project

The post China approves 197 blockchain firms, inc. Alibaba, JD.com appeared first on Coin Rivet.