China Ranked first in World of Blockchain and AI Patents Being Filed – USA Runner-up


0
Handwriting text writing Patented. Concept meaning invention or process protected right official document conferring

Share with:

A new study by UHY, the international accounting and consultancy network, shows that twenty nine percent of all global patents for blockchain technology were filed by US businesses last year. This would rank them second in the world, with 92 patents from a total of 314 filed with the World Intellectual Property Organization (WIPO) in 2017.

advertisementToken Agency

The largest filer of global blockchain patents in the US was credit card provider Mastercard, which filed patents for developments including a system for offline blockchain exchanges.

In comparison, Chinese businesses filed 32 percent of all global patents for blockchain technology in 2017. Chinese businesses have invested heavily in blockchain technology in recent years. The Chinese central bank is supporting the development of a blockchain-based trade finance platform to help SMEs access finance.

The study also shows that Australian businesses were third, filing 40 patents (13 percent), with UK businesses in fourth, filing 34 patents related to blockchain (11 percent) with WIPO in 2017 (see table below).

UHY adds that last years biggest filer of all blockchain patents world wide was nChain, a blockchain-focused research firm based in London and Vancouver, which filed 48 patents for blockchain technology at WIPO in 2017.

To help increase blockchain innovation even further in the US, UHY says the Emerging Technology Office of the General Services Administration launched the US Federal Blockchain program. This is designed to help US businesses that are interested in exploring blockchain technology and its implementation within Government. And while European businesses have only filed a limited number of patents at the global level through WIPO, many have been more active at a local level.

Wieke Beenen

View All Articles

Source : BlockchainNews


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format