JD.Com hopes to simplify the creation of blockchain-related Apps and accelerate the execution of smart contracts
The world of electronic commerce is getting prepared for the unexpected changes that blockchain can make in this market. For this reason, the prestigious Chinese online commerce company, JD.Com, has decided to request the purchase of more than 200 technology patents that are directly related to blockchain.
Part of this piece of news is that the Chinese giant seeks to face its direct competitors with innovative tools that make it easier for users to use their services from anywhere in the world.
In recent years, large companies have taken with caution to get involved with blockchain technology; this is due to the unknown and probably unsafe that it may have become. But, nevertheless, there are some companies that have decided to bet on its use as an adaptable resource and, in practical terms, more economical and sustainable than some conventional technologies.
JD.Com is among those companies that have sought to take advantage of the use of these technologies, and, according to information from the Intellectual Property Center of Information and Communication of China, it has occupied the first place among the companies that have the most strength in patents related to blockchain technology. It is important to note that from 2013 to 2018, China has had more than 4,435 blockchain patent Apps, this corresponds to 48% of the acquisition of patents in the world, more than the acquisitions of the United States.
Security in Chinese Patents
When highlighting the powerful figures related to blockchain patent applications in China, the Center for Intellectual Property of Information and Communication, in turn, assures that the number of intellectual property infringements has also been high and has always been a problem for the development of that industry.
Therefore, the government institution communicates in a statement that “It is recommended that the government do a good job in supervising the industry and improving the quality of patents. Companies should raise awareness of intellectual property protection and risk prevention, avoid blind investments in the blockchain field, apply for low value patents and avoid future block of chains. There have been a large number of lawsuit for infringement in the field”.
Despite these risks and difficulties faced by the company, JD.Com spared no effort in making the request for the 200 patents, which represents the highest number among its competitors. However, companies within its spectrum such as Alibaba, Tencent and Baibu, are also very close to that figure and are fighting directly in the e-commerce market in China.
Among the most important developments that giant JD.Com has made is the creation of the JB Blockchain Open Platform, which was originally activated in mid-2018, and allows the creation of blockchain tools and smart contracts.
China has been one of the countries that has opened its doors to Distributed Ledger Technology. Currently, there are some pilot proofs to implement it in judgeds, to preserve copyright and also in the alimentary industry in order to trade products and store information. More developments take place every day with the base-technology of cryptocurrencies.
By María Rodríguez