The recent endorsement by Chinese President
Xi Jinping has accelerated an already fast-moving blockchain industry in the country. China seems to compete with the U.S. for blockchain dominance, and a recent report by the China Academy for Information and Communications Technology (
CAICT) revealed that China is leaps ahead in blockchain patent filings.
Blockchain patents worldwide are concentrated in China, the United States, Canada, South Korea and the United Kingdom. From 2013 to December 20, 2018, China applied for 4,435 blockchain patents, accounting for 48% of the total blockchain patents, while the U.S. applied for 1,833 patents, accounting for 21%.
Nikkei
reported that Alibaba Group topped the list of corporate applicants with 512 patent applications based on data from Innography. It is followed by U.K.-based nChain with 468 and IBM with 248. However, we believe these may have been cumulative submissions because China’s CAICT ranks nChain as first for 2017 and 2018, with Alibaba second for 2018 and forth in 2017.
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Image Copyright: CAICT / Translation Ledger Insights
