China Leading Filer of Blockchain and AI Patents, Says Report

China Leading Filer of Blockchain and AI Patents, Says Report


Chinese companies were the leading filers of blockchain and artificial intelligence (AI) patents at the World Intellectual Property Organization (WIPO) in 2017, according to figures published by accountancy firm UHY Hacker Young. The survey was published on January 21. A total of 314 blockchain patents were filed with WIPO in 2017, 99 of them by Chinese businesses. US companies were the second most prolific, filing 92 blockchain patents. Blockchain research firm nChain, with offices in London and Vancouver, was the single biggest filer, with 48. Chinese companies also led the way in filing new AI patents with WIPO, accounting for 473 out of the 649 applications made to WIPO in 2017. Baidu, a Chinese company which operates the world’s second largest search engine after Google, applied for 183. According to Tsinghua University in Beijing, Chinese research institutes account for more AI patents than domestic businesses. The report, published last year, estimated that the value of China’s AI industry increased by 67% in 2017 to reach RMB 23.7 billion ($3.5 billion). The US and South Korea followed behind China, with 65 and 41 patents respectively.

Source: WIPR

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It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.