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.
— [𝐍𝐨𝐭-𝐬𝐨-𝐚𝐯𝐞𝐫𝐚𝐠𝐞] 𝐉𝐨𝐞 (@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 VeChain’s patents include “Sharing and tracing system for internet of vehicles (IOV) based on block chain technology” and “Blockchain technology-based anti-counterfeiting system design and implementation.”