Blockchain patent filing rose significantly in China after Xi Jinping’s 2019 endorsement

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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 for the country to accelerate its adoption of blockchain technologies as a core for innovation. According to the study, tech giant Alibaba Group had applied for the...