New Computer World Report is Australia in sixth place in the world rankings for most of the Blockchain patents, China First

Computer World published an article this week on the 13th^th in December, which ranked Australia in sixth place in terms of patents related to the blockchain infrastructure. According to the same report, China is leading the patent race with a total number of 1520 patents that have been filled up to date. The United States comes a second away with a total of 773 patents filed in the country.

Australia and Blockchain

The data used to write the article cite various sources, including the main analytical center in Australia and the ACS. Indicates that there has been a significant increase in the number of blockchain patents that have been filled. Compared to the data available five years ago (2013), this means that the growth rate is currently between 140 and 230% per year.

We continue by saying that, although the statistics show that the most dominant people on this list come from China and the United States, Australia holds a good sixth position. This is in terms of the sum total of the author's rights that have been filed by companies and individuals based in Australia.

Not surprisingly, Australia currently accounts for almost 50% of all patents that have been identified to date. As for Australia, the report was able to establish that there are forty-nine families that have all been filled by applicants from Australia. The patents were completed by a total of fifty-five candidates.

Some of the major patent holders in Australia include companies such as Identitii, Bloxian and Catcha, a FinTech startup that currently lives in the city of Perth. Another major patent applicant was CSIRO, an agency owned and operated by state authorities.

At the start of 2019, Bloxian, based in Sydney, entered into a partnership agreement with R3 (a software developer). The agreement would see the two companies working on the cordchain-based ecosystem based on Corda. Money Catcha and Identitii also entered into a separate agreement with HSBC very early in the year. The purpose of their partnership was to help them increase their compliance efforts on cross-border payment systems.

TBSx3 is another company that has also been identified by this report. The company, based in Sydney, used blockchain technology in an effort to improve real-life cases related to product verification.

Yohan Ramasundara, the president of ACS, when asked about this report stated that it was good to note that Australia was doing quite well in the blockchain space despite the fact that it faced a very strong competition from other countries.

He added that they were grateful to the government departments, the Australian Stock Exchange and the country's finance companies for agreeing to fund the demonstration of conceptual projects. He also noted that the Digital Processing Agency played an increasingly important role in ensuring that blockchain companies received all the help they needed.