Global Blockchain Patent Status: China Leads the Way

04/27/2023 09:35 • Metaverse Matters • 103 views

According to reports, according to the Global Blockchain Patent Status Research Report released by the On Chain Industry Blockchain Research Institute, from January 1, 2009 to December 31, 2022, there were 37595 patent authorizations in the global blockchain field, of which 22457 were granted in China, accounting for 59.7%; 8950 US patent authorizations, accounting for 23.8%; 1339 Japanese patent authorizations, accounting for 3.6%; 976 South Korean patent authorizations, accounting for 2.6%; 604 German patent authorizations, accounting for 1.6%; The number of patent authorizations in Australia is 453, accounting for 1.2%; Singapore has a patent authorization volume of 424, accounting for 1.1%, while other countries have a patent authorization volume of less than 1%.

Report: 37595 global blockchain patent authorizations, with China accounting for 59.7%

In recent years, blockchain technology has gained more widespread adoption and has become increasingly essential in various industries worldwide. With its innovative and secure features, blockchain technology has been embraced by businesses and governments globally. According to the Global Blockchain Patent Status Research Report, the global blockchain industry has seen a significant surge in patent approvals. This article delves into the report’s findings, which revealed that China has taken a leading position in the global blockchain patent landscape.

Overview

The report states that from January 1, 2009, to December 31, 2022, there were 37,595 patent authorizations globally in the blockchain sector. The study further revealed that China had the highest number of blockchain patent authorizations, with 22,457 patents, accounting for 59.7%, followed by the US, Japan, South Korea, Germany, Australia, and Singapore.

Core Findings

The report shows that China leads the world in blockchain patent applications with a 59.7% share, which highlights the country’s dedication to blockchain technology. The data provided indicates that China is the world’s largest economy to leverage blockchain technology aggressively. In addition, the study shows that the United States, Japan, South Korea, and Germany have all experienced a significant increase in blockchain patent grants in the last decade.

#China

What is most interesting about the report is China’s commitment to investing in blockchain tech. Since 2016, the country has launched initiatives to integrate blockchain technologies into various areas of its economy. China’s approach is focused not only on blockchain’s monetary applications but also on its potential applied to industrial use cases.

##US

Although China has the most patent authorizations in the blockchain industry, there is a fast-growing interest in the US as well. In the US, the Securities and Exchange Commission has demonstrated more support for blockchain-related products and services. Regulatory clarity has been achieved, which is a great signal to crypto investors. The US has a robust venture capital system and is home to many tech start-ups willing to take risks to achieve their business objectives.

###Japan

Japan is a leader in technological development, robotics, and home appliances, revealing that innovative technologies are not novel to the country. The Japanese blockchain industry has international partnerships and is open to collaborations with other blockchain enterprises. Japan sees new trends and invests in their development, which has led to the rise of numerous blockchain startups and companies.

Conclusion

The Global Blockchain Patent Status Research Report verifies that blockchain technology is transformative and disruptive. The report shows that governments and businesses globally acknowledge the importance of blockchain technology and are committed to its development. China remains at the forefront of blockchain technology, and the US also has a strong presence in the market. With an ever-growing global blockchain patent landscape, we can expect to see more innovation and the emergence of new players in the industry, fueling healthy competition.

FAQs

1) Why is China leading the blockchain patent race?
– China’s government prioritizes, incentivizes, and funds blockchain development.
2) What is the significance of Japan’s blockchain industry?
– Japan’s innovative spirit, international partnerships, and collaborations can bring major advancements to the blockchain industry.
3) How is blockchain technology used in industrial applications?
– Blockchain technology can help to manage supply chains, create tamper-proof records, ensure security in manufacturing logistics, and reduce fraud in industry sectors.

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