According to research from The Block, the Chinese technology companies, Tencent and Alibaba Group filed the greatest number of blockchain patents in 2019, collectively accounting for over 20% of all those filed. From a total of more than 5,800, Tencent accounted for 718 patents and Alibaba Group for 470. Following the two companies, another three Chinese-based companies, WeBank, Ruize Technology, and Ant Financial ranked third, fourth and fifth respectively. At a global level, of the companies that filed over 20 blockchain patents in 2019, 63% were located in China.