The Race to Patent Technology

October 03, 2018 | BY

Jacelyn Johnson

Shamita Etienne-Cummings, partner at White & Case in Washington, D.C., and Bijal Vakil, partner at the firm in Silicon Valley, discuss the trends and significance of technology patents covering blockchain, fintech and autonomous vehicles sphere in the U.S. and China

 

What is the significance of blockchain and AI patents and what does China's lead in patent applications mean for U.S. technology companies?

Blockchain and AI patents are extremely important for Chinese companies because of the wide application of blockchain and AI technologies in China's mobile payment products and services. China is surpassing the U.S. in mobile payments because nearly the entire target population in China uses WeChat pay or Alipay for daily transactions. Accordingly, the method used to verify and identify users becomes an issue for these popular mobile payment service providers.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]