April 13, 2020 Tencent and Alibaba filed the greatest number of blockchain patents in 2019.

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.