Blockchain patent filing rose significantly in China after Xi Jinping’s 2019 ...
Chinese companies are angling to overtake the United States in blockchain adoption. Recent figures published by Chinese media outlets show that companies in China have filed for over half of all global blockchain patents.According to a report titled “2020 Blockchain Industry Development”, Chinese companies have applied for 4,435 blockchain patents following Chinese president Xi Jinping’s endorsement of the industry. The study was jointly compiled by Tsinghua University, Peking University, and China Institute of Communications.During a committee session in October 2019, President Xi called....
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China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech. 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....
With the new blockchain industry growing, the rise of filing patents has become a seemingly necessary step for people starting new projects, with entrepreneurs and developers worried about patent trolls locking them out of their own ideas. A Vast Array of Patents Surround Blockchain Technology. Over the past couple years, filing patents has become a norm....
The simple patent idea took three years to be granted regulatory clearance. According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person's poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019.The patent consists of a data generation request upon user submission that a person has gone missing. The proposal is then unveiled publicly on the blockchain for verification. Once a consensus has been reached regarding the request, it is then stored in....
One of the UK's largest telecoms is seeking a patent for a security system aimed at preventing malicious attacks on blockchains. British Telecommunications (BT) PLC submitted a patent application last July for “Mitigating Blockchain Attacks” to the US Patent and Trademark Office (USPTO). The application, released on 2nd February, details both a system and methods for monitoring transactions on a particular blockchain in a bid to “detect malicious attacks”, the application’s authors write. The filing is notable given its source, as BT is the largest Internet service provider in the UK,....
Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic. American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system.The United States Patent and Trademark Office (USPTO), the agency granted the patent to Microsoft’s subsidiary Microsoft Technology Licensing on Aug. 24.Filed in February 2019, the patent describes a “ledger-independent token service,” or a software service enabling individuals and organizations to create and manage tokens....