China’s Ministry of Industry and Information Technology (MIIT) claimed on Tuesday in a news conference that the country accounted for more than 84 percent of the world’s blockchain patent applications, despite the country’s ban on cryptocurrencies.
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However, the MIIT didn’t cite its source for the data on global blockchain patent applications.
Wang Jianwei, deputy director of the IT Development Department of MIIT, added that blockchain is now rapidly integrating with economic and government affairs.
China has banned cryptocurrencies, but its technology source, blockchain, is used by companies and the government. The China Academy of Information and Communications Technology, an academic backed by MIIT, said in July that China has more than 1,300 blockchain companies as of March this year.
In 2021, China ranked first globally in the number of blockchain patent filings with about...
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