China becomes leader in the number of blockchain-related patents
84% of all applications in the world were registered in the country
24.09.2022 - 06:45
336
1 min
0
What’s new? China accounts for 84% of all blockchain-related patent applications in the world, according to the country’s officials. According to Cointelegraph, only 19% of these applications received the approval of the authorities. Notably, the country avoids the cryptocurrency market in any way, but it has been promoting the use of such technologies for years.
More details about the situation. In 2019, Chinese President Xi Jinping urged citizens, tech companies, and other stakeholders to actively engage and innovate with the nascent technologies as they will play a key role in the next industrial revolution.
As Cointelegraph previously reported, Chinese companies had filed 4435 blockchain patents in 2020 within one year of the president’s call to grow the industry. From 2015 to 2021, China accounted for roughly 60% of the world’s blockchain patent applications, followed by the United States and South Korea.
Meanwhile, the country’s central bank continues to actively develop the digital yuan. In 2022, the spheres of use cases of the state cryptocurrency have also significantly expanded, the latest of which relates to the public transportation sector. In August, the operator of the subway system in Ningbo, located in the eastern province of Zhejiang, began accepting digital yuan payments, and Guangzhou authorities allowed bus passengers to buy tickets using the state’s digital currency.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 844
BTC
-1.59%
-
Ethereum
$3 079.51
ETH
-3.17%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.05
XRP
-9.9%
-
Dogecoin
$0.358936
DOGE
-3.56%
-
Cardano
$0.723666
ADA
-5.09%
-
Bitcoin Cash
$431.59
BCH
-9.26%
-
Polkadot
$5.45
DOT
-5.26%
-
Litecoin
$86.36
LTC
-10.31%
-
Stellar XLM
$0.193455
XLM
+0.46%