China accounts for 84% of all blockchain patent applications, but there’s a catch
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.
President Xi Jinping has also played a key role in…