The U.S. still takes the lead as the nation with the most blockchain patents, said a study from intellectual property consultancy KISSPatent on Sept. 17.
The Top 6
The U.S. has 2,112 patents, followed by 350 from the Cayman Islands and 118 from Canada. The number of patents from the Cayman Islands may not entirely be representative of development specifically happening in the Caymans, as many companies worldwide could create Cayman entities. Other countries with a significant amount of blockchain patents include Japan (108), South Korea (87), and China (77).
Patents from USA Companies
In terms of specific U.S. companies, conglomerate IBM filed over 100 patents in crypto so far. In addition, other U.S.-based businesses including Bank of America and Mastercard have submitted multiple patent applications, contributing to the number of U.S. patents.
In the first half of 2020, more blockchain patents were submitted than all 2019, according to KISSPatent. This may signify that blockchain innovation centers around the U.S.