China accounts for 84% of all blockchain patent applications, but there's a catch

Cointelegraph

Published Sep 23, 2022 06:22AM ET

Updated Sep 23, 2022 08:00AM ET

China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official.

China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain technology. The country has actively promoted the use of blockchain tech over the years, and thus the high percentage of blockchain patents isn’t surprising.

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