The recent endorsement by Chinese President Xi Jinping has accelerated an already fast-moving blockchain industry in the country. China seems to compete with the U.S. for blockchain dominance, and a recent report by the China Academy for Information and Communications Technology (CAICT) revealed that China is leaps ahead in blockchain patent filings.

Blockchain patents worldwide are concentrated in China, the United States, Canada, South Korea and the United Kingdom. From 2013 to December 20, 2018, China applied for 4,435 blockchain patents, accounting for 48% of the total blockchain patents, while the U.S. applied for 1,833 patents, accounting for 21%. (read more at Ledger Insights)