Why has IBM hit a pause on Blockchain patent filings?
IBM has shaped decentralized solutions and digital assets with nearly 1,450 active blockchain patents as of 2023. But the recent decline in its patent filings in the past few years raises questions.
What is IBM’s evolving patent strategy in blockchain?
This article analyzes IBM’s blockchain-related patent activities, inventor contributions, and industry impact, connecting these insights to broader market trends.
A Sharp Decline in IBM’s Blockchain Patent Filing Trend
IBM’s patent filings peaked in 2018 and 2019, with over 500 blockchain-related patents. However, filings dramatically decreased, with only 41 and 13 patents filed in 2022 and 2023.
Under the leadership of CEO Arvind Krishna, IBM has focused less on quantity and more on high-value, monetizable patents. Since IBM bought Red Hat in 2019, its patent strategy has shifted. The focus is strengthening its existing patents, especially in hybrid cloud and blockchain technology.
The reduction in filings suggests IBM is monetizing its current patent portfolio while reducing the need for new blockchain-specific patents. IBM is confident in its established portfolio and expects to leverage it to gain a competitive advantage, even as the volume of new patents decreases.
Legal Expertise Steering IBM’s Blockchain Innovations
IBM’s blockchain patent strategy has been strengthened by the expertise of select law firms, particularly Lowenstein Sandler LLP. The firm has filed 69 blockchain patents for IBM in the last 20 years. Lowenstein Sandler has a strong history of success. Recently, they secured a $97 million settlement for investors in a case against Perrigo Co.
Companies Building on IBM’s Blockchain Innovations
Top companies use IBM’s patents in their blockchain innovations. Bank of America leads with 33 citations. Other companies like Samsung, ANT Technology, and Oracle have also relied on IBM’s patents. This shows IBM’s blockchain portfolio’s strong impact and value across different industries.
Top Inventors in IBM’s Blockchain Patent Portfolio
IBM’s blockchain dominance is bolstered by top inventors whose innovative efforts have played a significant role in the company’s blockchain patent portfolio. Leading the way is Nitin Gaur, the founder of IBM Digital Asset Labs, with 68 patents. Gaur’s work spans the digital assets space, aligning with IBM’s strategy to build advanced blockchain infrastructures. Petr Novotny, another key figure, brings expertise in AI/ML and cloud technologies, contributing to 57 patents.
Conclusion
IBM’s blockchain patent portfolio reflects its leadership in blockchain technology. However, with the recent decline in filings, monitoring how it leverages its existing IP will be crucial.
Request GreyB’s tailored patent insights to explore how this shift will impact licensing, litigation, or collaboration opportunities in blockchain technology.
Authored By: Satyam Gupta, Patent Monetization Team
