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Patent applications for blockchain related innovations are booming worldwide and Australia is “punching above its weight” according to a report from the ACS and IP Australia’s Patent Analytics Hub.

Worldwide the number of blockchain patent filings has grown by between 140 and 230 per cent every year since 2013. While inventors from the United States and China dominate the list of patents, Australia ranks sixth in terms of the number of ‘patent families’ filed by Australian firms and individuals.

The report Blockchain Innovation: A Patent Analytics Report identified 49 patent families originating from 55 Australian applicants.

“Blockchain patenting is more than doubling every year, and we can see real opportunities for Australia in blockchain technologies,” commented IP Australia chief economist Benjamin Mitra-Kahn.

The top Australian patent applicants are: Sydney-based Bloxian,which earlier this year partnered with software firm R3 to work on its Corda blockchain platform; ASX-listed Identitii, used by HSBC in its cross-border payment compliance effort; Perth fintech Money Catcha, another HSBC partner

(Excerpt) Read more Here | 2018-12-13 00:47:00

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