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Home > Blockchain > Alibaba has the most Blockchain patents in the world

Alibaba has the most Blockchain patents in the world

Alibaba Group is a Chinese e-commerce conglomerate with headquarters in Hangzhou, Zhejiang Province. It is one of the world's largest retailers by gross merchandise volume.


Julide Gamze Cecen Julide Gamze Cecen
May 10, 2022
1 min read
Alibaba has the most Blockchain patents in the world

Alibaba Group has amassed the most blockchain patents in the world. According to data from Stockapps.com, the Chinese e-commerce behemoth had 2,588 active or pending patents in 2021. StockApps’ Edith Reads isn’t shocked by the company’s investment in BC as part of its drive to overhaul its supply chain and logistics companies.

What makes Alibaba so interested in Blockchain?

Patent filings by the Chinese e-commerce behemoth are part of an aggressive campaign to defend its business model against competitors. Amazon and Walmart, for example, are aiming to cut costs by using BC.

They want to use technology to offer consumers new options to shop online and offline and optimize their supply chains.

Where does Alibaba use Blockchain technology?

In financial services, cloud computing, and logistics management, the Alibaba Group has achieved significant progress using BC technology. Sesame Credit, a credit scoring system based on BC technology, is owned and operated by Ant Financial Services.

It also conducts a blockchain accelerator program for entrepreneurs and has established a specialized blockchain research lab. City Brain, the firm’s smart city platform, assists in managing 23 cities around Asia. Blockchain is used to power the platform.

Alibaba IP Protect, Alibaba Group’s first blockchain-based intellectual property (IP) protection platform, was launched in August 2017. The platform employs blockchain technology to assist businesses in protecting their intellectual property rights across various nations and industries.

See more Blockchain News


Tags: Alibaba
Julide Gamze Cecen

Julide Gamze Cecen

Julide is the video editor of Cloud7. Graduated from Marmara University, Faculty of Communication, Department of Cinema, she also studied professional journalism and documentary photography, published news files and photography works in many national and international publications, took roles as coordinator and assistant director in international photography organizations and cinema projects. She taught documentary cinema and documentary photography at universities and academies of fine arts, and worked as an independent documentary director. She worked as an assistant director and editor in children's and youth programs, and directed & edited in serials. Julide also worked as a project consultant and director supported by the European Union, video works of foreign education projects, coordination of promotional shoots, as well as international photography organizations for 6 years. She received awards in national and international categories for her documentary photography works. As an independent filmmaker, she produces screenplays and film projects.

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