The Wall Street Journal wrote in 2017 that Facebook employees' new motto seemed to be: "Don't be too proud to copy." But the evidence, so far, is that too few blockchain startups are paying enough attention to the potential threats.
In our study on the state of patents, we discovered that blockchain patents are skyrocketing. More blockchain-related patents were published in the first half of 2020 than in all of 2019, which itself saw three times as many blockchain patents published as in 2018. Alibaba and IBM are the top two patent publishers, with the Chinese giant on track to overtake its American rival. Mastercard said on a recent earnings call that it had amassed blockchain patents for payments that positioned it to take advantage of central banks' appetite for digital currencies.
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