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Newest figures revealed by way of Chinese language media shops display; that businesses in China have filed for greater than part of all world blockchain patents.

According to a record entitled “Blockchain Trade Building 2020”; Chinese language firms have filed for 4. 435 blockchain patents after Chinese language president Xi Jinping authorized the business.

All over a committee consultation in October 2019, President Xi referred to as at the country to hurries up the adoption of blockchain era because the core for innovation.


In step with the learn about, era large Alibaba Workforce has filed the best possible collection of blockchain patents within the 12 months 2020 with 200 patents. That is 10 x greater than quantities submitted by way of IBM throughout the similar duration.

Massive multinational firms have additionally proven nice passion in making use of for blockchain patents in China.

A learn about that means 35 Multinational firms together with Microsoft, Walmart, Mastercard, Sony, and Intel have submitted totals blockchain patents March


Final 12 months 2018, the International Highbrow Assets Group, or WIPO, reviews that probably the most patent programs for Blockchain era got here from China.

Information accrued by way of Thomson Reuters from global patent organizations additionally displays that greater than part of 406 The patent that was once filed on 2017 comes from China. This nation takes the highest spot with 728 Blockchain patents, adopted by way of america with 91 , and Australia with 13.

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