Patent numbers show Beijing is serious about blockchain: There were 406 blockchain-related patents made globally in 2017 and more than half came from China. Beijing seems determined to become the leader

So just how keen is Beijing on blockchain? Well, think about this. In 2017, more than half the world’s 406 blockchain-related patents in 2017 came from China.

While the Chinese government has implemented a raft of highly-reported bans around crypto-currency ICOs and trading in the country, Beijing has in recent months been far more open to development in blockchain technology and, according to the Financial Times, the country is now filing more blockchain related patents than the rest of the world put together.