September 2021

Trends and Resources

Business Trends: Patents provide a unique insight into oil and gas blockchain opportunities

Blockchain and distributed ledger technology have gained widespread media attention in recent years, with much of the spotlight falling on Bitcoin and other cryptocurrencies.

Stephey, G., Horler, P., Chauhan, R., Withers and Rogers LLP

Blockchain and distributed ledger technology have gained widespread media attention in recent years, with much of the spotlight falling on Bitcoin and other cryptocurrencies. Sectors beyond the crypto bubble are now recognizing the potential for positive disruption to traditional ways of working. Investment in blockchain technology within the energy sector is predicted to exceed $5.8 B by 2025. To secure returns on their investments in the technology, blockchain developers are seeking to monopolize their technology using patent systems around the world. However, patent statistics show that blockchain developers are narrowly focussed on fighting for a stake in limited territories, which prese

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