China Holds Lion’s Share of Blockchain Patents





New data shows that China filed the most blockchain patent applications in 2017.
According to the Financial Times, data from the World Intellectual Property Organization database showed that more than half of the 406 blockchain patent applications filed last year were from China. And of the top nine companies that filed such patents between 2012 and 2017, six were Chinese, with Beijing Technology Development leading the pack.
“Companies are moving fast in order to protect their ideas in new areas of technological development — long before the technology actually goes to market,” said Alex Batteson, editor at Thomson Reuters’ Practical Law.
China filed 225 of the blockchain patents last year and 59 in 2016, followed by the U.S. (91 in 2017 and 21 in 2016) and Australia (13 last year and 19 in 2016).
Among the companies who have filed blockchain patents, Bank of America applied to patent a technology that facilitates “person-to-person alias-based payments.” In addition, BT Group is trying to patent a technology that can detect attacks on blockchain, and MasterCard has filed a patent for a blockchain-based method for tracking payments and uploading data on to the blockchain at the point of sale.
While not every patent leads to an actual product or is found to be useful, Thomson Reuters points out that the data shows an increase in the blockchain space, as well as creates barriers to entry.
“Patents are also important for companies to attract all-important investment,” Batteson added. “Investors need to know that a business owns and can capitalize on the intellectual property and will not face interference from other parties claiming ownership.”
Patents specific to cryptocurrencies — which are not included the blockchain category — rose 16 percent in 2017. But China has been less active in bitcoin and cryptocurrency applications, where the top filers over the past five years were the U.S. and European companies including IBM (54), the Netherland’s Gemalto (35), Intel (34), Thomson Licensing (31) and Amazon Technologies (27).
RELATED ITEMS:, , , , , , , 

Comments

Post a Comment

Popular posts from this blog

Curacao UTS : The following were discussed: 1. Existing (older) telecommunications systems are copper based, but all new development is done with fiber optics. 2. Fiber optics are run to the curb in existing developed areas and run all the way to the home in new developments. 3. Fiber optics are installed underground simultaneously with electric. 4. UTS􀁰 concession mandates that they bring service to the home.

Image
Curacao UTS - Langan International Eric Schwarz: Curacao UTS : The following were discussed:  1. Existing (older) telecommunications systems are copper based, but all new development is done with fiber optics.  2. Fiber optics are run to the curb in existing developed areas and run all the way to the home in new developments.  3. Fiber optics are installed underground simultaneously with electric.  4. UTS􀁰 concession mandates that they bring service to the home. Curacao UTS - Langan International Eric Schwarz: Curacao UTS - Langan International Eric Schwarz: Eastpoint Planning Study 􀁴 United Telecommunications Services (UTS) https://childtraffickingorgans.blogspot.com/2019/01/curacao-uts-langan-international-eric.html
Read more

YES FAKE NEWS SITES EXIST AND THIS IS WHY DISCERNMENT IS KEY | NPR REPORTER TRACKED DOWN A FAKE-NEWS CREATOR; HERE’S WHAT SHE LEARNED

Image
YES FAKE NEWS SITES EXIST AND THIS IS WHY DISCERNMENT IS KEY | NPR REPORTER TRACKED DOWN A FAKE-NEWS CREATOR; HERE’S WHAT SHE LEARNED Posted by Madeline | Nov 29, 2016 | 2016 , Conspiracy, Cabal, and Government , Daily Blog , News, Media | 0 | Stillness in the Storm   (Stillness in the Storm Editor) The following article written by an NPR reporter who tracked down a fake news author is quite revealing. It was shared on Jimmy Church’s Facebook page, and I thought it would be a good example of why discernment is so important during these shifting times. The reporter tracked down the writer of a fake article entitled “FBI Agent Suspected In Hillary Email Leaks Found Dead In Apparent Murder-Suicide.” This post was shared in the SITS Facebook group several times, and it was personally sent to me as well. But after looking through the article and searching for other outlets to confirm data points presented therein, I was not able to find anything to substantiat...
Read more