The VeChain (VET) project, which has secured several partnerships since the start of 2019, is reportedly is one of the Top 10 companies globally that have the most blockchain patents.
Came across this article just now:https://t.co/G3m6odvjcJ@vechainofficial was among the ๐๐๐ ๐๐ in the 'global top 100 blockchain patent ranking' of 2018 with 38 applications.
Would be nice to see $VET getting some credits as well! Does anyone know #VET's current rank?๐ง pic.twitter.com/FdmnE1AXaN
— [๐๐จ๐ญ-๐ฌ๐จ-๐๐ฏ๐๐ซ๐๐ ๐] ๐๐จ๐ (@MoonShotCaller) May 21, 2019
Chinese news outlet Security Daily News reported the story a list of companies that have applied for blockchain patents, and it includes e-commerce giant JD.com, fellow e-commerce entity Alibaba, internet companies Tencent and Baidu, IBM, Mastercard, Bank of America and VeChain, which is reportedly 10th with 38 blockchain patents.
China has the most number of patents in this space, accounting for 48% of blockchain patents, while the United States is second with 21% of patents in the space.
Two of VeChainโs patents include โSharing and tracing system for internet of vehicles (IOV) based on block chain technologyโ and โBlockchain technology-based anti-counterfeiting system design and implementation.โ
VeChain has had a phenomenal start to 2019 in terms of partnerships. The project has partnered with BMW and Deloitte, and its CEO also recently spoke to the Prime Minister of Italy.
