WeBank, ranks third place for the number of Blockchain patents filed globally in 2019. Alibaba and Tencent took the first and second places respectively. WeBank is China’s first digital bank initiated by Tencent.
On April 24. a report was published stating that the bank rose from fifth place to third after filing nearly 632 patents in 2019. 80% of them were related to technologies such as blockchain, AI, cloud computing, and big data.
WeBank’s patents have focused on open source consortium chain infrastructure (48%), middleware (40%), and other solutions (12%) related to algorithms, privacy protection, and cross-chain tech.
According to the report, the patents filed by WeBank shows that the banking industry is increasing its fintech capabilities
Recently, WeBank extended FISCO BCOS capabilities with DAML Smart Contracts:
It will explore the integration of DAML, the open-source smart contract language created by Digital Asset, with the blockchain platform, FISCO BCOS. The integration provides additional smart contract resources for the developers of FISCO BCOS.
Source: Cointelegraph | Image: Unsplash
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.