Blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.
It is a foundational technology with the potential to underpin new ways of connecting and recording information across all areas of technology.
Recent patent applications show blockchain technology is an area with strong growth.
Since 2013, patenting of blockchain-related technologies has exploded, with annual growth between 140 and 230%. Applicants are commonly large corporations or newly established companies. The young nature of the technology is reflected in the age of the most active companies – six of the top ten companies were established in the last ten years.
This report outlines findings from patent families filed since 1999, analysing trends, innovators, filing destinations and commercial players in this space.