The number of blockchain global patent applications significantly outpaces patent applications of other technologies, according to research conducted by the Swiss Federal Institute of Intellectual Property (IPI) and the London-based law firm Withers & Rogers. These results were reported by the British media, Compelo, on June 5.
According to the report, the number of blockchain patents in the world is far surpassing those of quantum computing, since the number of blockchain patent families has already surpassed that of quantum computing.
The report says that the number of patent applications related to blockchain has grown enormously since 2014, with the largest number of applications submitted between 2016 and 2017. As such, during the two-year period of 2016 and 2017, more than 2,600 patent families would have appeared worldwide, representing approximately 60% of the total families of existing blockchain patents.
The number of blockchain patents is expected to grow further and is believed to be the main technology for global technology patents for the next few years, predicted Withers & Rogers patent attorney Philip Horler.
From a geographic point of view, the United States is the leading country in terms of the number of blockchain patent applications with around 1,680 applications. China follows the United States with 1,590 applications, while the United Kingdom ranks third with 270 applications.
Recently, it was reported that Chinese e-commerce giant JD.com had requested more than 200 blockchain patents, following its main competitor, Alibaba, which requested 262 patents.