nChain, a global leader in Web3 and blockchain solutions, has been recognized as a leader in blockchain-related patent filings for Q4 2023, as highlighted in Global Data’s latest report. This achievement comes at a time when the technology sector has seen a significant decline in blockchain-related patent applications.
Global Data’s report “Technology: Patent Trends in Q4 2023” shows a 48% decline in blockchain-related patent applications in Q4 2023, down from 2,955 in Q3 2023 to just 1,523. It became clear that it did. Despite the overall decline, nChain filed 77 blockchain patents from October to December 2023, demonstrating its continued commitment to innovation. Although this number is slightly down from the 114 filed in Q3 2023, it still puts nChain in the top spot in Global Data and significantly ahead of it. Bank of America, in second place, filed 39 applications in the fourth quarter.
The report also highlights a focus on the geography of blockchain patent applications. The United States filed the most applications, accounting for 58% of the total in the fourth quarter, up from 27% in the third quarter. China and the UK followed with 8% and 2% of applications, respectively.
Robert Arizon, Chief Intellectual Property Officer at nChain, said: “Our main goal is to help entrepreneurs build profitable enterprises on the BSV blockchain, while expanding our reach to developers across various blockchain platforms through our upcoming licensing model. This approach not only demonstrates our commitment to fostering the BSV community, but also ensures that all participants meet their obligations by obtaining a license from nChain, regardless of the blockchain technology they use. Our leading position in global data reporting reflects our continued commitment to innovation and excellence in a rapidly evolving market.”
nChain has a strong R&D team dedicated to turning its vast IP library into viable applications. The company was recognized in the LexisNexis Innovation Momentum 2023: The Global Top 100 report, which recognizes companies that are driving innovative solutions to today’s challenges and building the IP foundation for further breakthroughs. Ta. Last year, Ayre Group announced an investment of up to CHF500m (€516m/£443m) in nChain, including an IP license agreement for Ayre Ventures’ portfolio companies.
Calvin Ayre, founder of Ayre Group, said: We are excited to support his nChain in leading the formation of this new internet infrastructure. ”
nChain’s position as a leader in this field remains strong. The company’s significant patent activity, along with strategic investments, sets the stage for continued leadership and innovation in the blockchain technology space.
nChain is a leading global blockchain technology company, providing software solutions, consulting services, and IP licenses to clients across a variety of industries seeking the security, transparency, and scalability benefits of blockchain. Founded in 2015 and with offices in Liechtenstein, Switzerland, the UK, and Slovenia, nChain employs over 260 staff and has a patent portfolio of over 3,900 patents and applications, of which over 1,090 have been granted. It has been. nChain is the developer of Bitcoin SV Node software, Teranode, Lite Client, and more.
About Air Group
Ayre Group is a global investment group that funds breakthrough businesses and technologies. They invest in building ventures in real estate, blockchain technology, media, publishing, health and wellness, and travel and leisure. Ayre Group builds and supports technology and businesses that break down barriers to entry, democratize opportunity and positively improve people’s lives.