February 28, 2018 AntoniusP8

Massive Efforts by Chinese Universities to Patent Blockchain Research

As recently reported by CoinDesk, several top-tier public universities in China such as Zhejiang University, Shenzhen University and Chinese Academy of Sciences are stepping up their efforts to patent Blockchain applications.

However, The Bitcoin Patent Report can now reveal that the efforts made by Chinese academic institutions to patent the innovations of their blockchain research are much more far-reaching than expected.

In fact, recent research in the patent databases shows that Chinese universities together have filed as many as 50 or more patent applications related to Blockchain technology.

 

Top 5 list of Chinese universities applying for Blockchain patents

1 UNIVERSITY OF ELECTRONIC SCIENCE & TECHNOLOGY OF CHINA 15
2 GUANGDONG UNIVERSITY OF TECHNOLOGY 7
3 JINAN UNIVERSITY 7
4 SUN YAT SEN UNIVERSITY 5
5 TSINGHUA UNIVERSITY 5

Top ranked University of Electronic Science & Technology of China (UESTC) has filed at least 15 patent applications relating to Blockchain technology. UESTC is a research-intensive university in Chengdu, Sichuan, China, commonly ranked as number 1 in China in the field of Electronic Science and Technology. The patent filing efforts by UESTC puts them in the same league as Chinese corporate giants like Tencent Technology and BOE Technology.

Despite the Chinese government’s efforts to control and forbid the usage of cryptocurrencies, it is clear that the Chinese academic institutions are taking all the required actions to protect their innovations in this field of technology.