The Australian Patent Office IP Australia has compiled an overview of the worldwide patent landscape in the blockchain sector. China continues to lead the field in terms of the number of patent applications. Most patents were filed in the area of payment and transaction systems.
What the figures also show: Europe still has some catching up to the Bitcoin formula
The fact that blockchain technology and Bitcoin formula is a growth market is also reflected in the number of patents applied for which are not a scam according to onlinebetrug. The Australian patent authority IP Australia has carried out a study on blockchain-related patents. According to the study, companies worldwide filed more than 3000 patents between 1999 and 2018.
China accounts for the lion’s share of patent applications. With over 1,500 patents filed, more than half of all applications come from China. This is followed by the USA with around 950 applications, followed by Europe with 131 patents behind South Korea (220) and Japan in fourth place.
In 2013, the number of patent applications was 49, followed by a sharp increase to 162 in 2015. The provisional high point is 2016 with around 1100 patents. Most blockchain patents are registered by the patent family of payment and transaction systems, followed by financial services, business administration and shopping & e-commerce.
The big four
The four companies with the most patent activities also reflect the dominance of the USA, China and South Korea. Here, the South Korean company Coinplug leads with 75 blockchain patents applied for, 69 of which have already been approved. Second place goes to IBM with 61 patents (12 commitments), the e-commerce trip Alibaba Group (57 applications, zero commitments so far) and the Bank of America (49 pending patent decisions).
While Coinplug and IBM also lead the list of successful patent applications, accenture from Ireland is a European company in third place. Accenture holds as many blockchain patents as Microsoft Azure with 7 so far. Six of the ten most committed companies are less than ten years old – a clear indicator for the youth of the industry.
Germany also has a steadily growing number of blockchain and crypto start-ups. BTC-ECHO has summarized the status quo of the German crypto landscape in a study that you can find here.