{"id":33758,"date":"2023-01-24T09:37:03","date_gmt":"2023-01-24T09:37:03","guid":{"rendered":"https:\/\/lydian.io\/?p=33758"},"modified":"2023-01-24T09:37:03","modified_gmt":"2023-01-24T09:37:03","slug":"china-accounts-for-84-of-all-blockchain-patent-filings-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/lydian.io\/china-accounts-for-84-of-all-blockchain-patent-filings-but-theres-a-catch\/","title":{"rendered":"China accounts for 84% of all blockchain patent filings, but there's a catch","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 37 Second <\/div>\n\n <\/div>

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Based on the most recent knowledge shared by the nation's authorities official, China accounts for 84% of all blockchain purposes submitted worldwide.<\/p>\n

China has stayed away from the cryptocurrency market. Nevertheless, the Beijing authorities has backed the underlying blockchain know-how. The nation has actively promoted the usage of blockchain know-how through the years and therefore the excessive share of blockchain patents isn't a surprise.<\/p>\n

President Xi Jinping has additionally performed a key function in selling the rising blockchain know-how. In 2019, the President known as on residents, know-how firms and ecosystem stakeholders to actively take part and innovate with the rising know-how as it will play a key function in the way forward for the following industrial revolution. <\/p>\n

As Cointelegraph beforehand reported, Chinese language firms had filed 4,435 blockchain patents inside a 12 months of President Xi Jinping backing the business. Based on one other research, from 2015 to June 2021, China accounted for round 60% of world blockchain patent filings, adopted by the US and South Korea.<\/p>\n

The determine was launched Tuesday by Wang Jianwei, deputy director of the Ministry of Trade and Info Know-how. Nevertheless, the numbers didn't embody a time-frame wherein these patent purposes have been filed.<\/p>\n

Associated: <\/strong>Tencent Receives Patent for Blockchain-Based mostly Lacking Individuals Poster<\/strong><\/p>\n

Whereas China has the best variety of blockchain patent filings, the approval charge is considerably low at simply 19% of the whole purposes filed. reported <\/a>South China tomorrow publish.<\/p>\n

One other necessary factor to notice right here is that China does not place very a lot emphasis on decentralization, the identical precept on which blockchain know-how relies. This was illustrated by the event of the nation's digital yuan, the place the central financial institution constructed the nationwide digital foreign money on the curated model of a blockchain with full management over the way it works, quite than utilizing the standard distributed community method.<\/p>\n

Source link <\/a><\/p>\n

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Based on the most recent knowledge shared by the nation's authorities official, China accounts for 84% of all blockchain purposes […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":5,"featured_media":33759,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[7],"tags":[1480,145,1482,856,1240,1481],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/33758"}],"collection":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/comments?post=33758"}],"version-history":[{"count":2,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/33758\/revisions"}],"predecessor-version":[{"id":36801,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/33758\/revisions\/36801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media\/33759"}],"wp:attachment":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media?parent=33758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/categories?post=33758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/tags?post=33758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}