Explosive Growth in Patent Applications
Between January and July 2017, the U.S. Patent and Trademark Office (USPTO) saw a nearly 90 percent increase in applications related to Blockchain technology and digital currencies. Imagine a tech explosion where 390 applications were filed, up from 204 in the same timeframe in 2016. It’s like two nerds in a basement suddenly becoming a tech startup!
Keywords That Spark Innovation
The agency’s data analysis centered around hot keywords like “distributed ledger,” “Bitcoin,” “Blockchain,” and “Ethereum.” Think of it as the tech world’s equivalent of searching for the latest diet fad – whatever’s trending is getting attention and funding!
Applications in Diverse Sectors
Notably, these applications reflect a growing curiosity in both private and public sectors about Blockchain and cryptocurrency potentials. The scope is wide-ranging, encompassing areas like:
- Bitcoin mining derivatives
- Blockchain-based shareholder voting
- In-car cryptocurrency payments
This is like the world’s tech banquet, with Blockchain and digital currencies serving as the main course!
The Meteoric Rise Since 2012
The data reveals that from 2012 to 2016, there was a significant uptick in patent applications. It all began with a humble 71 applications in 2012, skyrocketing to an impressive 469 applications by 2016. This kind of growth makes you think about what’s next – maybe even hoverboards powered by Bitcoin.
Approval Rates on the Rise
What’s even more exciting is that the number of patents granted is keeping pace with this surge. From 70 approved patents in 2013, the number jumped to 152 by 2016. Companies like Goldman Sachs and AT&T are getting in on the action, with patents ranging from a digital currency patent called “SETLcoin” to an innovative Bitcoin-powered subscriber server.
Conclusion: A Promising Future
The data paints a bright picture for Blockchain technology and digital currencies, indicating that interest and adoption are trending upward across various industries. Who knows? One day, your toaster might even pay you in crypto!
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