India has been ranked at 6th place for a number of blockchain patents meanwhile China has claimed the top spot. China has approximately 790 patents approvals for blockchain related patents and followed by 762 patents approved in the United States. Other leading countries in the list are Australia, South Korea, Singapore and many more.
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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