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Batteson added that patents are an important tool for companies to attract investment. Patents on certain technology signals to investors that “a business owns and can capitalize on the intellectual property and will not face interference from other parties claiming ownership.”
The Chinese government has taken an official interest in developing Blockchain technology in the country. As reported earlier by Cointelegraph, the government-backed Investment Association of China confirmed the formation of a Blockchain Development Center.
On March 23 the Chinese Ministry of Industry and Information Technology published a list of objectives to encourage the development and standardization of Blockchain technology. The objectives also include working to establish standards internationally.
