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Financial giants dominate blockchain patents—for now

While the price of bitcoin screams up and down, today dropping below $10,000 for the first time since early December, another corner of the crypto world continues to make slow and steady progress: blockchain for banking. According to a study published by EnvisionIP, Wall Street firms loom large among companies that hold blockchain-related patents, with Bank … Continue reading “Financial giants dominate blockchain patents—for now”

Financial giants dominate blockchain patents—for now
[Photo: Samson Duborg-Rankin/Unsplash]
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While the price of bitcoin screams up and down, today dropping below $10,000 for the first time since early December, another corner of the crypto world continues to make slow and steady progress: blockchain for banking. According to a study published by EnvisionIPWall Street firms loom large among companies that hold blockchain-related patents, with Bank of America in the lead at 43. Also near the top of the list: Fidelity, TD Bank, American Express, Nasdaq, and Goldman Sachs. Overall, the financial services industry owns 20% of blockchain patents.

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This data, however, is over a year old (in most cases, the U.S. Patent and Trademark Office publishes patents 18 months after their filing). Fast-forward to early 2019, and the picture painted by EnvisionIP could be quite different.

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About the author

Senior Writer Ainsley Harris joined Fast Company in 2014. Follow her on Twitter at @ainsleyoc.

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