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

The intellectual asset management firm published a report ranking the world’s leading blockchain patents. Based on data from the Derwent World Patents Index, the ranking shows that Ping An filed 1,215 blockchain patent families last year, more than Tencent and Ant Group combined.

Ping An had a total of 1,749 patented blockchain families and its patent applications rose last year from 291 in 2019. Ping An is located in Shenzhen and operates a financial and insurance group that provides a wide range of services including banking, asset management and trust. The company strengthened its presence in the industry: In 2018, Ping An Bank set up a store focused on blockchain.

Ping An surpassed Tencent in the total number of historically registered patent families, of which Tencent filed a total of 1,666 patent applications. Ant Group, which filed for 586 patents last year, is still the largest holder of blockchain patents with a total of 2,298 patents.

Global technology giant IBM is the only US company mentioned in the report, ranking fourth with 647 blockchain patents as of 2019. Despite the fact that Chinese companies are the world leaders in the number of patents, IBM’s blockchain patents have the highest Rate quote in an industry. The report notes that the company also holds some of the oldest intellectual property rights in the blockchain industry.

According to the report, the number of annual global patent applications for blockchain has decreased steadily over the past three years, dropping from 12,300 in 2018 to 11,299 in 2019. In 2020, 9,415 blockchain-related patent families were filed, the data says. . …

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