South Korea has the highest blockchain patent grant rate, according to London-based law firm Withers & Rogers. Meanwhile, Japan comes at a distant second, Intellectual property business media platform IAM reports on July 23.
Per the report, South Korea has the highest patent grant rate (54%), followed by Japan (17%), and the United States (16%), with China significantly lagging behind. The outlet suggests that a reason for this substantial disparity between China and the rest of the world is that a sizable portion of those patents outside China follow a procedure where the application is not published before the patent is granted.