They accounted for a commanding 90% of all blockchain patent applications filed in 2023, and since 2009, they have received 68% of all blockchain patents granted. This speaks to China’s strategic focus on blockchain canadian phone number database technology and its aggressive approach to securing intellectual property rights in this area.
There has been a significant decline in new patent filings. Compared to 2022, there is a 70% decrease in 2023. The recent decline in patents could be a trend towards refining existing technology rather than developing new ones. The number of blockchain patent filings in the United States also fell significantly, by a factor of ten. This significant decline could suggest a lack of momentum in blockchain innovation or a rethinking of the country’s blockchain development strategy.