Skip to content

Chinese technology giant Tencent unveils a new wave of blockchain patents

June 19, 2020

Tencent has expanded its blockchain research and the company has filed a number of patents listing DLT (Distributed Ledger Technology) solutions for fund management and advertising.

The Chinese media company Egsea reported on the patents on June 18 and found them The requirements also included blockchain-based consumer applications, hardware devices and media storage systems.

Current records occur when Blockchain is growing in acceptance among companies in the areas of cloud, artificial intelligence and Internet of Things (IO).

Ten percent continue to collect DLT patents

Chinese technology giant Tencent unveils a new wave of blockchain patentsChinese technology giant Tencent unveils a new wave of blockchain patents

The new registrations will expand Tencent’s alleged dominance in the number of its blockchain patents.

The media reported the China Banking News in April Tencent filed more patents in 2019 than any other company. only applied for 718 last year.

As the report estimates that 5,800 patents for blockchain technologies have been filed in 2019, Tencent accounts for 12.4% of all patents pending last year.

Tencent invests heavily in blockchain

In May, Tencent announced that it plans to invest $ 70 billion in new technologies over the next five years. They identified blockchain technology, cloud computing, artificial intelligence and I / O as priority sectors.

Tencent announced its intention to form a 100-member blockchain alliance by the end of 2020. Tencent hopes that the alliance will attract universities, think tanks, technology companies, and industry associations to explore IoT applications and set industry standards.

Do not stop reading: