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 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.

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