USDC issuer Circle has announced plans to acquire nearly 1,000 IBM blockchain patents. This acquisition will significantly expand Circle's portfolio of blockchain-related intellectual property.
IBM's blockchain portfolio includes more than 680 patent families and nearly 1,000 issued patents worldwide. The portfolio has a particular focus on supply chain applications, which could potentially be leveraged by Circle to enhance its own offerings.
According to reporting from CoinTelegraph, this acquisition underscores Circle's commitment to advancing its position in the blockchain space. The move may allow Circle to further develop and commercialize blockchain-based solutions, particularly in the supply chain domain.