The blockchain and other technologies for maintaining a secure distributed ledger have attracted a great deal of attention.

While first known as the underlying technology for bitcoin and other crypto-currencies, distributed ledger technologies are seen by many as the future “internet of value.”

Large financial institutions and technology companies are exploring ways to use blockchain technology for a variety of applications, while startups are developing creative and disruptive applications based on the technology. Meanwhile, the various players are staking out proprietary positions in advancements to distributed ledger technology.

This study analyzes this ecosystem and thicket of intellectual property through publicly available patent data. The study uncovers the emerging players, investment trends, and risks in this emerging technology space.

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