Exploring the Emerging Technologies Within the Blockchain Landscape

Abstract

Although blockchain technology was first introduced in 2008 and materialised in 2009, the early usage of blockchain were mainly limited to financial technologies, particularly cryptocurrencies. Later, blockchain became a widespread emerging technology, utilised in multifaceted sectors and applications. In fact, various new and innovative application of blockchain and distributed ledger technologies are still continuously being researched and explored. On the other hand, smart-contracts were first introduced in 1990s, however, it did not gain enough popularity until being integrated with blockchain technologies lately. The duo lately been seen as the key to many innovations in various industries and sectors. So, we took data from 1445 blockchain-related patent documents and tried to map out the historical and current trends in patenting activities in the blockchain field. This helps us get a better grasp of how blockchain technologies are evolving and being tracked. In addition to serving as an indicator of science and technology growth, patents are also used to judge the research potential and development of a particular technology.