The World Intellectual Property Organization Announced, that most blockchain based patents come in 2017 from China. The country submitted the applications for 225 patents out of 406 total. After China, the USA and Australia follow.
Even though the cryptocurrency is banned in China, the companies are trying to adopt new technologies even before they come to the market. And the patents applications in this field is the best evidence of that. The patents show that the companies are interested in the technology. As well, such kind of patents are an important tool for attracting investment.
While Chinese government is completely negative in relation to cryptocurrency and the ICOs, to the blockchain technology it is, on contrary, very supportive. Even the government based Investment Association of China confirmed that they are going to form the Blockchain Development Center. Hence, the blockchain technology has good chances in China.