Media: Chinese companies are leading the way in blockchain patent applications in 2019

The Block data analysis shows that in 2019, Chinese companies are in a leading position in blockchain patent applications. According to data from Google Patents, more than 5,800 blockchain patents were submitted in 2019, which is a slight decrease from the number of more than 6,100 blockchain patent submissions in 2018. Chinese companies are among the leaders, with 63% of all companies submitting more than 20 blockchain patents headquartered in China, while the United States accounts for only 20%. But in all applications, only 3% of patents were approved in the same year.