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China outpacing its peers with the number of blockchain patent submissions

  • China is leading the blockchain industry with the number of patent submissions.
  • The country had submitted a reported 7,600 applications between 2009-2018.
China outpacing its peers with the number of blockchain patent submissions
Ken ChigboKen ChigboIndependent Analyst

China is largely outpacing other countries including the United States when it comes to blockchain technology. 

A report from Japanese newswire Nikkei, detailed that Chinese companies submitted around 7,600 applications between 2009 and 2018, which is around three times as many as U.S.-based companies. 

Research company in Japan, Astamuse, US, China, Japan, South Korea and Germany together submitted around 12,000 blockchain-related patent applications through 2018, with China accounting for over 60% of the five-country total.

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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