IBM's blockchain-related patents grew by 300% this year.

International tech company IBM has seen a 300% growth in blockchain-related patents in just one year. With its presence in various industries, the tech giant is heavily investing in blockchain technology.

IBM has continued to grow in the blockchain field this year, far surpassing other blockchain startups. As of now, IBM holds approximately 108 active patents, much higher than Bank of America's 52, Mastercard's 43, and Intel's 35. Blockchain enthusiast Yuval alevi compiled the data on his Twitter.

According to a report, the company has been driving the development of World Wire through its IBM Blockchain division, which is a cross-border payment project that could potentially compete with SWIFT. SWIFT currently handles most cross-border payment channels, but SWIFT transfers may take up to three days, while World Wire could potentially complete transactions within minutes.

In addition, IBM has multiple blockchain-related projects, including the well-known IBM Food Trust, TradeLens, and IBM Blockchain Trusted Identity. As a result, there is a high demand for talent, with a total of 335 blockchain-related job openings as of March this year.

IBM has been actively and proactively engaging with blockchain technology and indicates its efforts to establish partnerships with emerging cryptocurrency companies. Recently, John Wolpert, co-founder of IBM's Blockchain Development Department, tweeted:

Bought some Chainlink, trying to understand how the oracle works.

Bought some #chainlink $link. I'm slow but not stupid. (Not enough to be besotted. I'm on team Internet, team Buidl, and team #enterprise #mainnet, not so much team Hodl.)

Now on to figuring out how to run an oracle rig.

— John Wolpert (@jwolpert) July 8, 2019

IBM continuously integrates blockchain technology across various industries, such as tracking food supply chains, decentralized identity verification, international trade logistics, and more. Assuming we are in the early stages of the blockchain industry, IBM is poised to become one of the leaders in the blockchain industry in the coming years.

Further Reading

• Retail giant Carrefour drives sales growth through blockchain technology
• Patent platform IPwe collaborates with IBM to successfully track five thousand patents globally

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