Chinese holding firm Ping An overtakes Tencent in blockchain patents race

Chinese holding conglomerate Ping An Group filed the largest number of blockchain-related patents in 2020, according to a new report.

Intellectual property-focused magazine Intellectual Asset Management has released a report on the rankings of the world’s foremost blockchain patentees. Based on data from the Derwent World Patents Index, the rankings show that Ping An filed 1,215 blockchain patent families last year, more than Tencent and Ant Group combined. 

Owning a total of 1,749 blockchain patent families, Ping An sharply increased its number of patent applications last year, up from just 291 in 2019. Based in Shenzhen, Ping An operates a financial and insurance conglomerate, providing a wide range of services including banking, asset management and trusts. The company has been cementing its presence in the industry, with Ping An Bank setting up a blockchain-focused boutique in 2018.

Ping An has overtaken Tencent by the total number of historically filed patent families, with…

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