There has been a significant decline in new patent filings

[RufaidaKhatun]

Compared to 2022, there is a 70% decrease in 2023. The recent decline in patents could be a trend towards refining existing technology rather than developing new ones. The number of blockchain patent filings in the United States also fell significantly, by a factor of ten. This significant decline could suggest a lack of momentum in blockchain innovation or a rethinking of the country’s blockchain development strategy.


The global trend in blockchain patent filings has been declining since 2019, when it peaked. The number of filings has been steadily declining since its peak. Even nations like South Korea, which has been active in the blockchain canada whatsapp numbers patent sector, are not immune to this decline. The number of filings in the country has dropped significantly, with only one double filing for 2023, down from around 300 the previous year.




Blockchain Market Landscape Market Growth and Investment The blockchain market is developing at a phenomenal rate, with strong growth indicators across the board. By 2024, global blockchain spending is expected to grow at a compound annual growth rate (CAGR) of 46.40%, indicating rapid adoption and investment in this technology.