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Understanding the Global Blockchain Patent Landscape

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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 Dece

Understanding the Global Blockchain Patent Landscape

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%

Blockchain technology has gained tremendous popularity in recent years due to its unique features such as decentralization, transparency, and immutability. The technology has found multiple use-cases in various industries, such as finance, healthcare, logistics, and more. As the technology expands, the race to secure patents related to blockchain technology has also intensified among countries.

Overview of Global Blockchain Patents

According to the Global Blockchain Patent Status Research Report released by the On Chain Industry Blockchain Research Institute, there were 37595 patent authorizations in the global blockchain field from January 1, 2009, to December 31, 2022. The report shows that China has granted the highest number of blockchain-related patents, accounting for 59.7% of the total patent authorizations. The US ranked second with 8950 patent authorizations, accounting for 23.8%. The other countries that made it to the top five are Japan with 1339 authorizations, South Korea with 976 authorizations, and Germany with 604 authorizations. Australia and Singapore also managed to get a substantial number of patents, accounting for 1.2% and 1.1% respectively, while other countries have a patent authorization volume of less than 1%.

Dominance of China in Blockchain Patents

The study highlights that China has emerged as a leader in the race for blockchain patents. The country’s government and tech companies have been working tirelessly to secure patents related to the new technology. China’s aggressive stance towards blockchain patents can be understood from the fact that some of the world’s largest blockchain-related patents cataloging organizations, like SIPO and WIPO, have ranked China as the top country in terms of blockchain patent authorization.
One of the primary reasons behind China’s success in securing blockchain patents is the government’s support for emerging technologies. The Chinese government is investing heavily in the research and development of blockchain technology, and this has enabled several Chinese companies to make significant contributions to the blockchain patent landscape. Additionally, China’s vast population and extensive user base make it an attractive market for blockchain technology companies, leading to increased patent acquisition efforts.

The Role of the United States in Blockchain Patent Authorization

While China dominated the blockchain patent authorization space, the US still secured a huge number of patents in the blockchain space. The United States’ dominance in blockchain patent authorization came mainly from the private sector, where companies such as IBM, Mastercard, and Bank of America secured a large number of blockchain-related patents.
The United States government has not been as aggressive as China in terms of investing and promoting blockchain technology. However, the government recognizes its importance and is taking steps to encourage its adoption. The US has joined hands with other countries to form a blockchain alliance to harness the potential of blockchain technology.

The Future of Blockchain Patent Authorization

Blockchain technology is still in its nascent stages, and more and more companies are exploring its applications. This trend will continue, and we can expect to see a high influx of new blockchain patent applications in the future. Governments and companies worldwide will actively seek to secure their patents, promoting innovation, and driving the growth of the blockchain industry.
# Conclusion
Blockchain technology has immense potential, and its impact is already being felt across multiple industries. Patents related to this enabling technology are witnessing a high level of interest and application, and this trend is expected to continue. While China is currently leading the race in blockchain patent authorization, we can expect other countries and companies to catch up in the future through their dedicated efforts. Proper utilization of blockchain patents will not only stimulate innovation but also help promote the rapid growth of the blockchain industry.
# FAQs

Q1. What is a blockchain patent?

A: A blockchain patent is a legally recognized right granted to the inventor of a unique technological innovation or an implementation of blockchain technology. It provides the holder with the right to exclude others from making, using, or selling the patented invention for a certain period.

Q2. Is it easy to obtain a blockchain patent?

A: Obtaining a blockchain patent is not an easy process, as it requires adhering to a rigorous set of legal requirements. Additionally, patent applications can be costly and time-consuming.

Q3. What are the benefits of blockchain patents?

A: Blockchain patents provide legal protection to inventors and companies, ensuring that other parties cannot use or distribute their technology without permission. Additionally, patents can create revenue streams for patent holders who wish to sell their intellectual property.
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