Chinese holding firm Ping An overtakes Tencent in blockchain patents race
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most cited developer of patents in the industry. 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....
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The R3 blockchain consortium continues to attract attention in the financial world, as they have welcomed their first Chinese member in the form of Ping An Group. This partnership has nothing to do with the consortium seeking US$200m in additional funding, though. In a rather surprising turn of events, the R3 blockchain consortium added its first Chinese....
The banking- and finance-centric blockchain consortium led by New York-based startup R3 will now include its first ever Chinese member, the Ping An Financial Services Group. China’s second largest insurer, the Ping An Group has become the first Chinese member of the global banking blockchain consortium led by fintech startup R3. The R3-led blockchain effort was notable in its lack of Chinese members, until now. Ping An is the largest non-state-owned financial entity in China, with assets over $765 billion. The financial group has its footprint across different sectors including insurance,....
Amid growing interest in blockchain technology among the world's biggest banks, a major Chinese financial firm has inked a new partnership with startup R3CEV. Ping An Insurance Group, with total assets in excess of $765b, is China's first financial firm to join the group, according to the statement. Ping An has a number of business arms, working in the insurance, banking and personal finance sectors. David Rutter, CEO and founder of R3, said in a statement: "The addition of Ping An is another important milestone for R3 as we develop our member network to represent the interests of....
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