The number of patent applications for blockchains in China was the highest in 2017, more than double that of the United States

According to the micro-network news, the recent upsurge of blockchain technology has continued to increase. According to the database report of the World Intellectual Property Organization, there were a total of 406 blockchain-related patent applications in 2017, which is full of 2016. Times. It is worth mentioning that more than half of these patent applications are from China, reflecting China’s enthusiasm for blockchain technology.

According to statistics, in 2017, China filed a total of 225 blockchain-related patent applications, which is a four-fold increase compared to 59 in 2016. In 2017, there were only 91 patent applications related to US blockchains. It also grew 4.3 times from 2016, but the total amount is still less than half of China.

Blockchain technology, Blockchain technology, is now very popular. It is also known as distributed ledger technology. It is an Internet database technology. It is characterized by decentralization, openness and transparency, so that everyone can participate in database records. Bitcoin is one of the earliest and most mature applications of blockchain technology.

Many companies and organizations are exploring the use of blockchain. For example, tracking China's stocking of broiler chickens, tracking the entire process of selling chickens raised from hundreds of farms across China from chicks to commercial sale; IBM and shipping giant Maersk hope to pass the district Blockchain technology digitizes the supply chain process from start to finish to help manage and track tens of millions of containers worldwide; Australia's major stock exchange ASX plans to use blockchain technology to process domestic stock trading, allowing large amounts of data Sharing becomes more efficient, saving customers money, and more.

Of the nine institutions that applied for blockchain patents between 2012 and 2017, six were from China. MasterCard, the US-based payment giant, was the most active company in the same period and submitted 25 applications to Liechtenstein. nChain Holdings submitted 18 applications. The company claims to be the 'global leader in blockchain technology research and development'.

Thomson Reuters stated that recent blockchain patent applications include: Bank of America provides a convenient technology patent for an 'acceptable P2P payment based on a pseudonym'; BT applies for a patent to detect a blockchain-based attack. MasterCard International applies for a blockchain-based method of tracking point-of-sale payments.