In a data report released Wednesday, the government agency said the number of blockchain patent applications from the five most advanced countries and regions – the U.S., EU, China, Japan and South Korea – totalled 1,248 in 2017.
Although the number may not be as high as those seen in other fields of industry, the KIPO drew attention to the notable growth rate of blockchain applications in recent years.
In comparison, the agency indicated that the yearly filing totals from 2013 to 2016 were 27, 98, 258 and 594, respectively. Combined, that’s less than the applications filed in 2017 alone.
Also notably, there’s a significant skew towards the U.S. and China, with data showing that the two nations account for 78 percent of all the 1,248 applications last year.
While the KIPO did not disclose the exact breakdown for each country, it said the U.S. currently ranks first in cumulative numbers…