{"id":20649,"date":"2021-11-17T02:06:00","date_gmt":"2021-11-17T02:06:00","guid":{"rendered":"https:\/\/sagaciousresearch.com\/blog\/?p=20649"},"modified":"2023-04-04T11:52:18","modified_gmt":"2023-04-04T11:52:18","slug":"patent-filing-trends-associated-with-power-dissipation-in-blockchain","status":"publish","type":"post","link":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain","title":{"rendered":"Patent Filing Trends Associated with Power Dissipation in Blockchain"},"content":{"rendered":"\n<p>Blockchain technology is gradually gaining precedence, which is evident by the fact that the global blockchain market is likely to grow from <a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/blockchain-technology-market-90100890.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">USD 4.9 billion in 2021 to USD 67.4 billion by 2026<\/a>. In such a scenario, it becomes vital to understand the nuances of this technology and the patent trends associated with it to help businesses leverage opportunities. The following article explains blockchain technology, bitcoin mining and market insights pertaining to the technology, as well as blockchain energy consumption-related patents trends.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e9dbe225af1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e9dbe225af1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Blockchain_and_Distributed_Ledger\" >Blockchain and Distributed Ledger<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Bitcoin_Mining_and_Energy_Consumption\" >Bitcoin Mining and Energy Consumption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Bitcoin_Energy_Consumption_%E2%80%93_Country-wise_Comparison\" >Bitcoin Energy Consumption \u2013 Country-wise Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Bitcoin_and_Carbon_Footprints\" >Bitcoin and Carbon Footprints<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#How_to_Overcome_Bitcoin_Mining_Drawbacks\" >How to Overcome Bitcoin Mining Drawbacks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Priority-Year-Wise_Distribution_of_Patents\" >Priority-Year-Wise Distribution of Patents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Top_Companies_with_%E2%80%98Bitcoin_Energy_Consumption_Related_Patents\" >Top Companies with \u2018Bitcoin Energy Consumption\u2019 Related Patents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Priority-Year-Wise_Distribution_of_Patents-2\" >Priority-Year-Wise Distribution of Patents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Market_Trends_Related_to_Blockchain_and_Bitcoin\" >Market Trends Related to Blockchain and Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Conclusion\" >Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\/#Having_Queries_Contact_Us_Now\" >Having Queries? Contact Us Now!<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Blockchain_and_Distributed_Ledger\"><\/span>Blockchain and Distributed Ledger<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Blockchain is a distributed public ledger for recording transactions that have occurred in the business network. The ledger, decentralized as a blockchain database, is replicated among the participants of a decentralized&nbsp;network. Thereafter, the distributed ledger and its immutable record of transactions can be accessed by all network participants. Each transaction can be recorded as a block of data. In other words, each block contains a set of transactions. As soon as a new transaction takes place in the blockchain, a record for that is added to the ledger of every participant. In the distributed ledger, each transaction is verified by the consensus of a plurality of system participants. Figure 1 below depicts the features of a distributed ledger technology.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"632\" height=\"371\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-30.png\" alt=\"\" class=\"wp-image-20674\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-30.png 632w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-30-300x176.png 300w\" sizes=\"(max-width: 632px) 100vw, 632px\" \/><figcaption class=\"wp-element-caption\">Figure 1: Features of a distributed ledger technology. <a href=\"https:\/\/www.euromoney.com\/learning\/blockchain-explained\/what-is-blockchain\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n<p>In blockchain, each block is characterized by its <a href=\"https:\/\/www.investopedia.com\/terms\/h\/hash.asp\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">hash<\/a>. Similarly, each block has a reference to its previous block, known as the parent block. If some modification is performed on the parent block, its N+1hash changes, which ultimately changes the hash of the current block. This is because the blocks are chained with each other by the cryptographic hash.<\/p>\n\n\n\n<p>There are a number of blockchain platforms that provide a way to develop blockchain-based applications. Some of the popular ones are Bitcoin, Ethereum, Ripple, Quorum and Hyperledger.<\/p>\n\n\n\n<p>Different blockchain platforms use different validation techniques. For example, Bitcoin makes use of Proof-of-Work (PoW), Ethereum uses Proof-of-Stake (PoS) and Ripple is built on Byzantine Fault Tolerance (BFT) protocol.<\/p>\n\n\n\n<p>Proof-of-Work is a decentralized consensus algorithm, used widely in crypto-currency mining, such as Bitcoin, to validate the transactions and mine new coins. A new block can be mined, i.e. added to the blockchain by generating the correct hash and is broadcasted in the network. For Bitcoin, a new block is added to the Bitcoin ledger approximately every 10 minutes. On the other hand, Proof-of-Stake is a concept that enables people to mine and validate block transactions depending on the number of coins they hold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Mining_and_Energy_Consumption\"><\/span>Bitcoin Mining and Energy Consumption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the mining process, various miners compete against each other to complete transactions by solving the mathematical puzzles and add a block in the Blockchain network. By solving these computationally-intensive mathematical puzzles to produce the blocks, miners help to secure the network and keep it decentralized. For every successful hash value, the miner receives a block reward.<\/p>\n\n\n\n<p>The mining process needs extremely specialized hardware and consumes extensive power. The Bitcoin software ensures that it always takes 10 minutes for the mathematical puzzle to be figured out. With the increase in the number of miners, the puzzle gets more difficult and requires more computing power. Statically, according to the <a href=\"https:\/\/www.statista.com\/chart\/18632\/estimated-annual-electricity-consumption-of-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Cambridge index<\/a>, one day of Bitcoin mining is slightly more than the electricity consumed by all the commercial buildings in the United States in two months.<\/p>\n\n\n\n<p>To quickly mine Bitcoins, advanced ASIC chips, such as NVidia CMP HX, are required for the rigs. The rigs are heavy-duty GPUs requiring high-wattage power supplies to handle the mining calculations. Recently, due to the increased demand by crypto-currency miners, there is a global shortage of chips in the semiconductor industry.<\/p>\n\n\n\n<p>Mining uses powerful computer chips and air conditioners to keep the CPUs cool as they churn 24\u00d77 at complex calculations. All of that consumes&nbsp;<a href=\"https:\/\/digiconomist.net\/bitcoin-energy-consumption\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">an excessive amount of electricity<\/a>.<\/p>\n\n\n\n<p>Additionally, hydroelectric energy is consumed by at least&nbsp;<a href=\"https:\/\/www.visualcapitalist.com\/visualizing-the-power-consumption-of-bitcoin-mining\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">60%&nbsp;of crypto miners<\/a> across all different regions such as Asia Pacific, Europe and Latin America. On the other hand, other types of clean energy are not much utilized.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"540\" height=\"276\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-31.png\" alt=\"\" class=\"wp-image-20676\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-31.png 540w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-31-300x153.png 300w\" sizes=\"(max-width: 540px) 100vw, 540px\" \/><figcaption class=\"wp-element-caption\">Figure 2: Share of crypto miners who use each energy type (<a href=\"https:\/\/www.visualcapitalist.com\/visualizing-the-power-consumption-of-bitcoin-mining\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a>)<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Renewable sources, for example solar energy, present problems with their inability to generate consistent and sufficient power for full-day trading without interruptions of shutdowns.<\/p>\n\n\n\n<p>\u201cShutting down for any period of time is extremely unattractive for the Bitcoin miners who have only a very short period of time to earn back their investment. In terms of profit maximization, they will always prefer never having to shut down,\u201d Alex de Vries, creator of the Digiconomist website tracking crypto&#8217;s energy consumption, was quoted by a <a href=\"https:\/\/www.aa.com.tr\/en\/economy\/sustainable-energy-unsuitable-for-crypto-miners-expert\/2276094\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">news agency<\/a>.<\/p>\n\n\n\n<p>&#8220;This makes them the ideal customer for obsolete fossil fuels rather than renewables since these are both cheap and a source of constant power,&#8221; Alex de Vries added.<\/p>\n\n\n\n<p>The University of Cambridge Centre for Alternative Finance (CCAF) analyzes the increasing business of cryptocurrencies and has laid out annualized Bitcoin&#8217;s total energy consumption in terawatt hours (TWh). At its present level, Bitcoin consumes 101 terawatt hours (TWh) annually.&nbsp;If Bitcoin were a country, it would be in top 30 energy users worldwide.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"672\" height=\"347\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-32.png\" alt=\"\" class=\"wp-image-20678\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-32.png 672w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-32-300x155.png 300w\" sizes=\"(max-width: 672px) 100vw, 672px\" \/><figcaption class=\"wp-element-caption\">Figure 3: Bitcoin energy consumption (<a href=\"https:\/\/cbeci.org\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a>)<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Energy_Consumption_%E2%80%93_Country-wise_Comparison\"><\/span>Bitcoin Energy Consumption \u2013 Country-wise Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If one wants to gauge the energy consumption by Bitcoin, it can be said that it uses more energy than the Philippines (see the figure below). Country comparisons are used in the public debate to support positions of concern over the scale of Bitcoin\u2019s electricity consumption. As seen in the figure below, Bitcoins use less energy than the Netherlands and the United Arab Emirates.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"606\" height=\"242\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-33.png\" alt=\"\" class=\"wp-image-20680\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-33.png 606w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-33-300x120.png 300w\" sizes=\"(max-width: 606px) 100vw, 606px\" \/><figcaption class=\"wp-element-caption\">Figure 4: Country Comparison of energy consumed by Bitcoins (Source)<\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"658\" height=\"370\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-34.png\" alt=\"\" class=\"wp-image-20682\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-34.png 658w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-34-300x169.png 300w\" sizes=\"(max-width: 658px) 100vw, 658px\" \/><figcaption class=\"wp-element-caption\">Figure 5: Country ranking in terms of annual electricity consumption (Source)<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_and_Carbon_Footprints\"><\/span>Bitcoin and Carbon Footprints<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Another challenge with Bitcoin mining is that it generates carbon footprints comparable to that of New Zealand. Bitcoin can produce sufficient carbon dioxide to push global warming above 2 \u00b0C within less than three decades.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"323\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-35.png\" alt=\"\" class=\"wp-image-20684\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-35.png 450w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-35-300x215.png 300w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><figcaption class=\"wp-element-caption\">Figure 6: Bitcoin and global warming projections (<a href=\"https:\/\/www.ft.com\/content\/1aecb2db-8f61-427c-a413-3b929291c8ac\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a>)<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Figure 7 below illustrates the geographical distribution of Bitcoin carbon footprint and Bitcoin electricity sources distribution. Coal comprises the highest share in Bitcoin electricity sorces distribution, China has the highest carbon footprint produced by Bitcoins. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"714\" height=\"276\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-36.png\" alt=\"\" class=\"wp-image-20686\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-36.png 714w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-36-300x116.png 300w\" sizes=\"(max-width: 714px) 100vw, 714px\" \/><figcaption class=\"wp-element-caption\">Figure 7: Geographical distribution of Bitcoin carbon footprint &amp; Bitcoin electricity sources distribution<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Overcome_Bitcoin_Mining_Drawbacks\"><\/span>How to Overcome Bitcoin Mining Drawbacks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As described above, Bitcoin mining uses as much electricity as a medium-sized country. But there are few easy ways to change that.<\/p>\n\n\n\n<p>1<strong>. Proof-of-Stake<\/strong>: &nbsp;It is more energy efficient than Proof of Work as it eliminates the competition among the miners. PoS validates the block transactions depending on the currency&nbsp;ownership. It eliminates the requirement to spend an extensive amount of electric power in order to validate the blocks. Proof of stake&nbsp;is used in Ethereum. In other words, Ethereum is moving from&nbsp;<a href=\"https:\/\/ethereum.org\/en\/developers\/docs\/consensus-mechanisms\/pow\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">proof-of-work<\/a> to proof-of-stake. As per the diagram below (Figure 8), Ethereum uses less electricity than PoW.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"738\" height=\"265\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-37.png\" alt=\"\" class=\"wp-image-20688\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-37.png 738w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-37-300x108.png 300w\" sizes=\"(max-width: 738px) 100vw, 738px\" \/><figcaption class=\"wp-element-caption\">Figure 8: Energy consumption comparison between Ethereum and Bitcoin (<a href=\"https:\/\/blog.ethereum.org\/2021\/05\/18\/country-power-no-more\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Source<\/a>)<\/figcaption><\/figure>\n<\/div>\n\n\n<p><strong>2. Proof of authority (PoA):<\/strong> Under PoA, the rights to produce new blocks are assigned to the nodes, also called validators, which have proven their authority to do so. In Proof of Authority, there is no competition between the validators. Also, it requires no electricity for its operation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Priority-Year-Wise_Distribution_of_Patents\"><\/span>Priority-Year-Wise Distribution of Patents<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The below data in the Blockchain energy consumption domain reveals how the filing has increased in recent years. With 207 applications, the year 2020 saw the highest number of patents filed in this sector. (Note: the data for 2020 and 2021 would not be very accurate since most of the patent applications might not have been published yet. This is because the patent office takes nearly 18 months to publish a patent application).<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"456\" height=\"281\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-38.png\" alt=\"\" class=\"wp-image-20690\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-38.png 456w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-38-300x185.png 300w\" sizes=\"(max-width: 456px) 100vw, 456px\" \/><figcaption class=\"wp-element-caption\">Figure 9: Increase in patent filings in recent years (priority-wise)<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_Companies_with_%E2%80%98Bitcoin_Energy_Consumption_Related_Patents\"><\/span>Top Companies with \u2018Bitcoin Energy Consumption\u2019 Related Patents<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sagacious IP performed mining of Bitcoin Energy Consumption-related patents and identified that different companies are filing patents for an increased energy usage in Bitcoin Mining. While 21 Inc. leads the race with maximum patent filings, it is followed by Spondoolies technology and Intel.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"275\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-39.png\" alt=\"\" class=\"wp-image-20692\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-39.png 620w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-39-300x133.png 300w\" sizes=\"(max-width: 620px) 100vw, 620px\" \/><figcaption class=\"wp-element-caption\">Figure 10: Companies leading in filing of bitcoin energy consumption-related patents<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Priority-Year-Wise_Distribution_of_Patents-2\"><\/span>Priority-Year-Wise Distribution of Patents<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Figure 11 data reveals information on the number of patents, related to efficient energy usage in Bitcoin, filed across different years. The maximum number of patents were filed in the year 2018.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"519\" height=\"288\" src=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-40.png\" alt=\"\" class=\"wp-image-20694\" srcset=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-40.png 519w, https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/1-40-300x166.png 300w\" sizes=\"(max-width: 519px) 100vw, 519px\" \/><figcaption class=\"wp-element-caption\">Figure 11: Patents filed under efficient energy usage in Bitcoin<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Trends_Related_to_Blockchain_and_Bitcoin\"><\/span>Market Trends Related to Blockchain and Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Twitter owner Jack Dorsey\u2019s payments venture &#8211; Square announced that it will <a href=\"https:\/\/www.livemint.com\/market\/cryptocurrency\/jack-dorsey-s-square-to-invest-5-million-to-build-solar-powered-bitcoin-mine-11622970278026.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">partner with<\/a> blockchain technology firm &#8211; Blockstream Mining to build an open-source, solar-powered bitcoin mining facility in the U.S. The goal is to facilitate the adoption and efficiency of renewables within the bitcoin ecosystem.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A blockchain start-up named Candela Coin <a href=\"https:\/\/www.prnewswire.com\/news-releases\/blockchain-startup-candela-coin-develops-solar-powered-eco-friendly-cryptocurrency-mining-protocol-301305861.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">recently developed<\/a> solar-powered eco-friendly cryptocurrency mining protocol. This platform would also be environment-friendly while offering eco-incentives for Bitcoin mining.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ziyen Energy is <a href=\"https:\/\/renewablesnow.com\/news\/ziyen-energy-eyes-solar-power-for-green-bitcoin-mining-in-colorado-751415\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">planning to install<\/a> solar panels to back its bitcoin mining operations in Colorado\u2019s Alamosa County.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Atlas Power is <a href=\"https:\/\/cryptoslate.com\/bitcoin-farm-in-montana-to-use-solar-energy-for-mining\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">planning to use solar power<\/a> to back its energy-draining business. Atlas Power mines cryptocurrency and plans to construct <a href=\"https:\/\/mtstandard.com\/news\/local\/giant-solar-project-proposed-in-south-butte-landowners-concerned\/article_653a61a1-d565-5f21-9639-0052f3df86e7.html?utm_source=Energy+News+Network+daily+email+digests&amp;utm_campaign=7a4af21431-EMAIL_CAMPAIGN_2020_05_11_11_44_COPY_01&amp;utm_medium=email&amp;utm_term=0_724b1f01f5-7a4af21431-89304092\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">eight more buildings of servers<\/a>&nbsp;containing thousands of graphics processing units.<br><\/li>\n\n\n\n<li>IMD Companies Inc., which is focusing on mining bitcoin, <a href=\"https:\/\/www.globenewswire.com\/en\/news-release\/2021\/08\/11\/2278817\/0\/en\/iMD-Upgrades-Server-Mining-Rigs-for-Bitcoin-and-Alternative-Coins-and-Implements-Solar-Powered-Crypto-Mining-to-Offset-Power-Cost.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">has upgraded<\/a> the server mining rigs and implemented solar-powered crypto mining to take care of the power cost.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Solteir, a bitcoin mining firm, <a href=\"https:\/\/www.accesswire.com\/656973\/OPTEC-International-Announces-Joint-Venture-With-Solteir-Mining-to-Provide-Solar-Powered-Generator-Solutions-for-Bitcoin-Mining\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">has partnered<\/a> with OPTEC International for renewable energy mining. As per the partnership, Solteir will use OPTEC Solar Paneled Generators to mine Bitcoin.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As Bitcoin mining leads to excessive energy consumption and Co2 emission, solar energy becomes a green alternative for Bitcoin mining operations. However, renewable sources, for example solar energy, present problems with their inability to generate consistent and sufficient power for the full-day trading without interruptions of shutdowns. Therefore, the alternative is to shift to Proof-of-stake technology, as discussed above. Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process &#8211; environment-friendly. Resultantly, patent filing in the sector has increased.<\/p>\n\n\n\n<p>If you are looking to explore blockchain technology and the bitcoin mining domain and have great ideas, Sagacious IP is committed to turning them into patent-worthy inventions. Our team of skilled patent practitioners is adept at providing services such as <a href=\"https:\/\/sagaciousresearch.com\/technology-scouting\">technology scouting<\/a> and <a href=\"https:\/\/sagaciousresearch.com\/licensing-monetization-support-for-patent-owners\">patent monetization<\/a> to help businesses generate revenue.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gagan Dua (ICT Licensing) and the Editorial team<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Having_Queries_Contact_Us_Now\"><\/span>Having Queries? Contact Us Now!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1.\"),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener(\"gform_main_scripts_loaded\",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener(\"gform\/theme\/scripts_loaded\",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener(\"DOMContentLoaded\",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook(\"action\",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook(\"filter\",o,r,e,t)},doAction:function(o){gform.doHook(\"action\",o,arguments)},applyFilters:function(o){return gform.doHook(\"filter\",o,arguments)},removeAction:function(o,r){gform.removeHook(\"action\",o,r)},removeFilter:function(o,r,e){gform.removeHook(\"filter\",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+\"_\"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){\"function\"!=typeof(t=o.callable)&&(t=window[t]),\"action\"==r?t.apply(null,e):e[0]=t.apply(null,e)})),\"filter\"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}});\n\/* ]]> *\/\n<\/script>\n\n                <div class='gf_browser_gecko gform_wrapper gravity-theme gform-theme--no-framework' data-form-theme='gravity-theme' data-form-index='0' id='gform_wrapper_203' >\n                        <div class='gform_heading'>\n\t\t\t\t\t\t\t<p class='gform_required_legend'>&quot;<span class=\"gfield_required gfield_required_asterisk\">*<\/span>&quot; indicates required fields<\/p>\n                        <\/div><form method='post' enctype='multipart\/form-data'  id='gform_203'  action='\/blog\/wp-json\/wp\/v2\/posts\/20649' data-formid='203' novalidate>\n                        <div class='gform-body gform_body'><div id='gform_fields_203' class='gform_fields top_label form_sublabel_below description_below validation_below'><div id=\"field_203_15\" class=\"gfield gfield--type-hidden gfield--input-type-hidden gfield--width-full gform_hidden field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><div class='ginput_container ginput_container_text'><input name='input_15' id='input_203_15' type='hidden' class='gform_hidden'  aria-invalid=\"false\" value='' \/><\/div><\/div><div id=\"field_203_1\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_1'>Last Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_1' id='input_203_1' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_12\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_12'>First Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_12' id='input_203_12' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_8\" class=\"gfield gfield--type-email gfield--input-type-email gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_8'>Your Work Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_8' id='input_203_8' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/div><div id=\"field_203_9\" class=\"gfield gfield--type-phone gfield--input-type-phone gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_9'>Phone Number with Country Code<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_9' id='input_203_9' type='tel' value='' class='large'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_17\" class=\"gfield gfield--type-select gfield--input-type-select gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_17'>Country<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_select'><select name='input_17' id='input_203_17' class='large gfield_select'    aria-required=\"true\" aria-invalid=\"false\" ><option value='' >Please Select Country<\/option><option value='United States' >United States<\/option><option value='Canada' >Canada<\/option><option value='United Kingdom' >United Kingdom<\/option><option value='China' >China<\/option><option value='India' >India<\/option><option value='North Korea' >North Korea<\/option><option value='South korea' >South korea<\/option><option value='United Arab Emirates' >United Arab Emirates<\/option><option value='Afghanistan' >Afghanistan<\/option><option value='Albania' >Albania<\/option><option value='Algeria' >Algeria<\/option><option value='Andorra' >Andorra<\/option><option value='Angola' >Angola<\/option><option value='Antigua and Barbuda' >Antigua and Barbuda<\/option><option value='Argentina' >Argentina<\/option><option value='Armenia' >Armenia<\/option><option value='Australia' >Australia<\/option><option value='Austria' >Austria<\/option><option value='Azerbaijan' >Azerbaijan<\/option><option value='The Bahamas' >The Bahamas<\/option><option value='Bahrain' >Bahrain<\/option><option value='Bangladesh' >Bangladesh<\/option><option value='Barbados' >Barbados<\/option><option value='Belarus' >Belarus<\/option><option value='Belgium' >Belgium<\/option><option value='Belize' >Belize<\/option><option value='Benin' >Benin<\/option><option value='Bhutan' >Bhutan<\/option><option value='Bolivia' >Bolivia<\/option><option value='Bosnia and Herzegovina' >Bosnia and Herzegovina<\/option><option value='Botswana' >Botswana<\/option><option value='Brazil' >Brazil<\/option><option value='Brunei' >Brunei<\/option><option value='Bulgaria' >Bulgaria<\/option><option value='Burkina Faso' >Burkina Faso<\/option><option value='Burundi' >Burundi<\/option><option value='Cabo Verde' >Cabo Verde<\/option><option value='Cambodia' >Cambodia<\/option><option value='Cameroon' >Cameroon<\/option><option value='Central African Republic' >Central African Republic<\/option><option value='Chad' >Chad<\/option><option value='Chile' >Chile<\/option><option value='Colombia' >Colombia<\/option><option value='Comoros' >Comoros<\/option><option value='Congo' >Congo<\/option><option value='Costa Rica' >Costa Rica<\/option><option value='C\u00f4te d\u2019Ivoire' >C\u00f4te d\u2019Ivoire<\/option><option value='Croatia' >Croatia<\/option><option value='Cuba' >Cuba<\/option><option value='Cyprus' >Cyprus<\/option><option value='Czech Republic' >Czech Republic<\/option><option value='Denmark' >Denmark<\/option><option value='Djibouti' >Djibouti<\/option><option value='Dominica' >Dominica<\/option><option value='Dominican Republic' >Dominican Republic<\/option><option value='East Timor (Timor-Leste)' >East Timor (Timor-Leste)<\/option><option value='Ecuador' >Ecuador<\/option><option value='Egypt' >Egypt<\/option><option value='El Salvador' >El Salvador<\/option><option value='Equatorial Guinea' >Equatorial Guinea<\/option><option value='Eritrea' >Eritrea<\/option><option value='Estonia' >Estonia<\/option><option value='Eswatini' >Eswatini<\/option><option value='Ethiopia' >Ethiopia<\/option><option value='Fiji' >Fiji<\/option><option value='Finland' >Finland<\/option><option value='France' >France<\/option><option value='Gabon' >Gabon<\/option><option value='The Gambia' >The Gambia<\/option><option value='Georgia' >Georgia<\/option><option value='Germany' >Germany<\/option><option value='Ghana' >Ghana<\/option><option value='Greece' >Greece<\/option><option value='Grenada' >Grenada<\/option><option value='Guatemala' >Guatemala<\/option><option value='Guinea' >Guinea<\/option><option value='Guinea-Bissau' >Guinea-Bissau<\/option><option value='Guyana' >Guyana<\/option><option value='Haiti' >Haiti<\/option><option value='Honduras' >Honduras<\/option><option value='Hungary' >Hungary<\/option><option value='Iceland' >Iceland<\/option><option value='Indonesia' >Indonesia<\/option><option value='Iran' >Iran<\/option><option value='Iraq' >Iraq<\/option><option value='Ireland' >Ireland<\/option><option value='Israel' >Israel<\/option><option value='Italy' >Italy<\/option><option value='Jamaica' >Jamaica<\/option><option value='Japan' >Japan<\/option><option value='Jordan' >Jordan<\/option><option value='Kazakhstan' >Kazakhstan<\/option><option value='Kenya' >Kenya<\/option><option value='Kiribati' >Kiribati<\/option><option value='Kosovo' >Kosovo<\/option><option value='Kuwait' >Kuwait<\/option><option value='Kyrgyzstan' >Kyrgyzstan<\/option><option value='Laos' >Laos<\/option><option value='Latvia' >Latvia<\/option><option value='Lebanon' >Lebanon<\/option><option value='Lesotho' >Lesotho<\/option><option value='Liberia' >Liberia<\/option><option value='Libya' >Libya<\/option><option value='Liechtenstein' >Liechtenstein<\/option><option value='Lithuania' >Lithuania<\/option><option value='Luxembourg' >Luxembourg<\/option><option value='Madagascar' >Madagascar<\/option><option value='Malawi' >Malawi<\/option><option value='Malaysia' >Malaysia<\/option><option value='Maldives' >Maldives<\/option><option value='Mali' >Mali<\/option><option value='Malta' >Malta<\/option><option value='Marshall Islands' >Marshall Islands<\/option><option value='Mauritania' >Mauritania<\/option><option value='Mauritius' >Mauritius<\/option><option value='Mexico' >Mexico<\/option><option value='Micronesia' >Micronesia<\/option><option value='Moldova' >Moldova<\/option><option value='Monaco' >Monaco<\/option><option value='Mongolia' >Mongolia<\/option><option value='Montenegro' >Montenegro<\/option><option value='Morocco' >Morocco<\/option><option value='Mozambique' >Mozambique<\/option><option value='Myanmar (Burma)' >Myanmar (Burma)<\/option><option value='Namibia' >Namibia<\/option><option value='Nauru' >Nauru<\/option><option value='Nepal' >Nepal<\/option><option value='Netherlands' >Netherlands<\/option><option value='New Zealand' >New Zealand<\/option><option value='Nicaragua' >Nicaragua<\/option><option value='Niger' >Niger<\/option><option value='Nigeria' >Nigeria<\/option><option value='North Macedonia' >North Macedonia<\/option><option value='Norway' >Norway<\/option><option value='Oman' >Oman<\/option><option value='Pakistan' >Pakistan<\/option><option value='Palau' >Palau<\/option><option value='Panama' >Panama<\/option><option value='Papua New Guinea' >Papua New Guinea<\/option><option value='Paraguay' >Paraguay<\/option><option value='Peru' >Peru<\/option><option value='Philippines' >Philippines<\/option><option value='Poland' >Poland<\/option><option value='Portugal' >Portugal<\/option><option value='Qatar' >Qatar<\/option><option value='Romania' >Romania<\/option><option value='Russia' >Russia<\/option><option value='Rwanda' >Rwanda<\/option><option value='Saint Kitts and Nevis' >Saint Kitts and Nevis<\/option><option value='Saint Lucia' >Saint Lucia<\/option><option value='Saint Vincent and the Grenadines' >Saint Vincent and the Grenadines<\/option><option value='Samoa' >Samoa<\/option><option value='San Marino' >San Marino<\/option><option value='Sao Tome and Principe' >Sao Tome and Principe<\/option><option value='Saudi Arabia' >Saudi Arabia<\/option><option value='Senegal' >Senegal<\/option><option value='Serbia' >Serbia<\/option><option value='Seychelles' >Seychelles<\/option><option value='Sierra Leone' >Sierra Leone<\/option><option value='Singapore' >Singapore<\/option><option value='Slovakia' >Slovakia<\/option><option value='Slovenia' >Slovenia<\/option><option value='Solomon Islands' >Solomon Islands<\/option><option value='Somalia' >Somalia<\/option><option value='South Africa' >South Africa<\/option><option value='Spain' >Spain<\/option><option value='Sri Lanka' >Sri Lanka<\/option><option value='Sudan' >Sudan<\/option><option value='South Sudan' >South Sudan<\/option><option value='Suriname' >Suriname<\/option><option value='Sweden' >Sweden<\/option><option value='Switzerland' >Switzerland<\/option><option value='Syria' >Syria<\/option><option value='Taiwan' >Taiwan<\/option><option value='Tajikistan' >Tajikistan<\/option><option value='Tanzania' >Tanzania<\/option><option value='Thailand' >Thailand<\/option><option value='Togo' >Togo<\/option><option value='Tonga' >Tonga<\/option><option value='Trinidad and Tobago' >Trinidad and Tobago<\/option><option value='Tunisia' >Tunisia<\/option><option value='Turkey' >Turkey<\/option><option value='Turkmenistan' >Turkmenistan<\/option><option value='Tuvalu' >Tuvalu<\/option><option value='Uganda' >Uganda<\/option><option value='Ukraine' >Ukraine<\/option><option value='Uruguay' >Uruguay<\/option><option value='Uzbekistan' >Uzbekistan<\/option><option value='Vanuatu' >Vanuatu<\/option><option value='Vatican City' >Vatican City<\/option><option value='Venezuela' >Venezuela<\/option><option value='Vietnam' >Vietnam<\/option><option value='Yemen' >Yemen<\/option><option value='Zambia' >Zambia<\/option><option value='Zimbabwe' >Zimbabwe<\/option><\/select><\/div><\/div><div id=\"field_203_10\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_10'>Company Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_10' id='input_203_10' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_203_18\" class=\"gfield gfield--type-text gfield--input-type-text gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_18'>Job Title<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_18' id='input_203_18' type='text' value='' class='large'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><fieldset id=\"field_203_13\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield--input-type-checkbox gfield--width-half field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Register for Exclusive Webinar Series<\/legend><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_203_13'><div class='gchoice gchoice_203_13_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_13.1' type='checkbox'  value='Yes, I want to register.'  id='choice_203_13_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_203_13_1' id='label_203_13_1' class='gform-field-label gform-field-label--type-inline'>Yes, I want to register.<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><div id=\"field_203_16\" class=\"gfield gfield--type-textarea gfield--input-type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_203_16'>Message (if any)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_16' id='input_203_16' class='textarea small'      aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/div><fieldset id=\"field_203_7\" class=\"gfield gfield--type-consent gfield--type-choice gfield--input-type-consent gfield_contains_required field_sublabel_below gfield--has-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Consent<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_container ginput_container_consent'><input name='input_7.1' id='input_203_7_1' type='checkbox' value='1'  aria-describedby=\"gfield_consent_description_203_7\" aria-required=\"true\" aria-invalid=\"false\"   \/> <label class=\"gform-field-label gform-field-label--type-inline gfield_consent_label\" for='input_203_7_1' >I agree to the <a href=\"https:\/\/sagaciousresearch.com\/privacy-policy\/\"target=\"_blank\">privacy policy.  <\/a><\/label><input type='hidden' name='input_7.2' value='I agree to the &lt;a href=&quot;https:\/\/sagaciousresearch.com\/privacy-policy\/&quot;target=&quot;_blank&quot;&gt;privacy policy.  &lt;\/a&gt;' class='gform_hidden' \/><input type='hidden' name='input_7.3' value='198' class='gform_hidden' \/><\/div><div class='gfield_description gfield_consent_description' id='gfield_consent_description_203_7' tabindex='0'>By clicking the submit button, you give Sagacious IP consent to store and process the personal information submitted above. Sagacious IP is committed to protecting and respecting your privacy, we'll only use your information to provide the products and services you requested from us.<\/div><\/fieldset><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_203' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' value='Submit'  \/> \n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_203' value='postback' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_203' id='gform_theme_203' value='gravity-theme' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_203' id='gform_style_settings_203' value='[]' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_203' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='203' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='USD' value='HuFIJkNPps8tXlzOB\/Qfw63rh+Cu4zzIxmwoKckLfC8FhkMRimgoYFmdsQRl1SCvndObBIaKP41WBPooKwOjX7EOE9vWh3TDNarrRWMVoAnPizk=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_203' value='WyJ7XCI3LjFcIjpcImNkMWM3OWMwMDEzNGIzMmE2M2U0YWZjMzA0NWUwZjc5XCIsXCI3LjJcIjpcIjRjMTYxMzVmMTQ0MWExZDQzYjdjYTA4YzA4OTAzMDZkXCIsXCI3LjNcIjpcIjQ2MGQ1NzFhMGI2NTA5MTU2NTViOTVhNzIyNTEzYzAwXCJ9IiwiNjBlNjJlYjJkNjQ3NzIyZTM3NTcyOThkNjJkMGUxNDQiXQ==' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_203' id='gform_target_page_number_203' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_203' id='gform_source_page_number_203' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n gform.initializeOnLoaded( function() {gformInitSpinner( 203, 'https:\/\/sagaciousresearch.com\/blog\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery('#gform_ajax_frame_203').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_203');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_203').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_203').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_203').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_203').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/  }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_203').val();gformInitSpinner( 203, 'https:\/\/sagaciousresearch.com\/blog\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [203, current_page]);window['gf_submitting_203'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_203').replaceWith(confirmation_content);jQuery(document).trigger('gform_confirmation_loaded', [203]);window['gf_submitting_203'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_203').text());}else{jQuery('#gform_203').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"203\", currentPage: \"current_page\", abort: function() { this.preventDefault(); } }]);        if (event && event.defaultPrevented) {                return;        }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_203\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_203\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_203\" );        let postRenderFired = false;        function triggerPostRender() {            if ( postRenderFired ) {                return;            }            postRenderFired = true;            gform.core.triggerPostRenderEvents( 203, current_page );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        debouncedTriggerPostRender();                        observer.disconnect();                    }                });            });            observer.observe( document.body, {                attributes: true,                childList: false,                subtree: true,                attributeFilter: [ 'style', 'class' ],            });        } else {            triggerPostRender();        }    } );} ); \n\/* ]]> *\/\n<\/script>\n\n","protected":false},"excerpt":{"rendered":"<p>Blockchain technology is gradually gaining precedence, which is evident by the fact that the global blockchain market is likely to grow from USD 4.9 billion in 2021 to USD 67.4 billion by 2026. In&#46;&#46;&#46;<\/p>\n","protected":false},"author":86,"featured_media":20697,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"coauthors":[1076],"class_list":["post-20649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Patent Filing Trends Associated with Power Dissipation in Blockchain - Sagacious IP<\/title>\n<meta name=\"description\" content=\"Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process - environment-friendly. Resultantly, patent filing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patent Filing Trends Associated with Power Dissipation in Blockchain - Sagacious IP\" \/>\n<meta property=\"og:description\" content=\"Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process - environment-friendly. Resultantly, patent filing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\" \/>\n<meta property=\"og:site_name\" content=\"Sagacious IP\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-17T02:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-04T11:52:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gagan Dua\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gagan Dua\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#article\",\"isPartOf\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\"},\"author\":{\"name\":\"Gagan Dua\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/65ba958e16343d1710caac03e67f7d6a\"},\"headline\":\"Patent Filing Trends Associated with Power Dissipation in Blockchain\",\"datePublished\":\"2021-11-17T02:06:00+00:00\",\"dateModified\":\"2023-04-04T11:52:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\"},\"wordCount\":1723,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg\",\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\",\"name\":\"Patent Filing Trends Associated with Power Dissipation in Blockchain - Sagacious IP\",\"isPartOf\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg\",\"datePublished\":\"2021-11-17T02:06:00+00:00\",\"dateModified\":\"2023-04-04T11:52:18+00:00\",\"description\":\"Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process - environment-friendly. Resultantly, patent filing\",\"breadcrumb\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg\",\"contentUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Patent Filing Trends Associated with Power Dissipation in Blockchain\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sagaciousresearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Patent Filing Trends Associated with Power Dissipation in Blockchain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#website\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/\",\"name\":\"Sagacious IP\",\"description\":\"Blog\",\"publisher\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sagaciousresearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#organization\",\"name\":\"Sagacious IP\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png\",\"contentUrl\":\"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png\",\"width\":481,\"height\":80,\"caption\":\"Sagacious IP\"},\"image\":{\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/65ba958e16343d1710caac03e67f7d6a\",\"name\":\"Gagan Dua\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/image\/5a5e58273b9b5ea91e55b23411f8eed2\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fd9af77e71d45af42c422957893a2fbe17d0706cacd10bd4f2f62bec97142d6f?s=96&d=initials&r=g&initials=gd\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fd9af77e71d45af42c422957893a2fbe17d0706cacd10bd4f2f62bec97142d6f?s=96&d=initials&r=g&initials=gd\",\"caption\":\"Gagan Dua\"},\"description\":\"ICT Licensing Gagan has over 6.5 years experience in handling various patent analysis projects. His expertise lies in several technology areas including: Cloud Computing, Software Defined Networks (SDN), Big Data, Distributed Computing, Computer Networks, Microprocessors, Blockchain, Internet of Things (IoT) and Content Delivery Networks (CDN). Gagan holds a master's degree in Computer Engineering\",\"url\":\"https:\/\/sagaciousresearch.com\/blog\/author\/gagan-dua\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Patent Filing Trends Associated with Power Dissipation in Blockchain - Sagacious IP","description":"Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process - environment-friendly. Resultantly, patent filing","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain","og_locale":"en_US","og_type":"article","og_title":"Patent Filing Trends Associated with Power Dissipation in Blockchain - Sagacious IP","og_description":"Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process - environment-friendly. Resultantly, patent filing","og_url":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain","og_site_name":"Sagacious IP","article_published_time":"2021-11-17T02:06:00+00:00","article_modified_time":"2023-04-04T11:52:18+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg","type":"image\/jpeg"}],"author":"Gagan Dua","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gagan Dua","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#article","isPartOf":{"@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain"},"author":{"name":"Gagan Dua","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/65ba958e16343d1710caac03e67f7d6a"},"headline":"Patent Filing Trends Associated with Power Dissipation in Blockchain","datePublished":"2021-11-17T02:06:00+00:00","dateModified":"2023-04-04T11:52:18+00:00","mainEntityOfPage":{"@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain"},"wordCount":1723,"commentCount":0,"publisher":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#organization"},"image":{"@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage"},"thumbnailUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg","articleSection":["Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain","url":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain","name":"Patent Filing Trends Associated with Power Dissipation in Blockchain - Sagacious IP","isPartOf":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage"},"image":{"@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage"},"thumbnailUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg","datePublished":"2021-11-17T02:06:00+00:00","dateModified":"2023-04-04T11:52:18+00:00","description":"Meanwhile, companies are gradually coming up with solutions to make bitcoin mining process - environment-friendly. Resultantly, patent filing","breadcrumb":{"@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#primaryimage","url":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg","contentUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2021\/11\/Patent-Filing-Trends-Associated-with-Power-Dissipation-in-Blockchain-scaled.jpg","width":2560,"height":1707,"caption":"Patent Filing Trends Associated with Power Dissipation in Blockchain"},{"@type":"BreadcrumbList","@id":"https:\/\/sagaciousresearch.com\/blog\/patent-filing-trends-associated-with-power-dissipation-in-blockchain#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sagaciousresearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Patent Filing Trends Associated with Power Dissipation in Blockchain"}]},{"@type":"WebSite","@id":"https:\/\/sagaciousresearch.com\/blog\/#website","url":"https:\/\/sagaciousresearch.com\/blog\/","name":"Sagacious IP","description":"Blog","publisher":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sagaciousresearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/sagaciousresearch.com\/blog\/#organization","name":"Sagacious IP","url":"https:\/\/sagaciousresearch.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png","contentUrl":"https:\/\/sagaciousresearch.com\/blog\/wp-content\/uploads\/2022\/06\/cropped-cropped-cropped-sagacious-ip-logo80-1-1.png","width":481,"height":80,"caption":"Sagacious IP"},"image":{"@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/65ba958e16343d1710caac03e67f7d6a","name":"Gagan Dua","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sagaciousresearch.com\/blog\/#\/schema\/person\/image\/5a5e58273b9b5ea91e55b23411f8eed2","url":"https:\/\/secure.gravatar.com\/avatar\/fd9af77e71d45af42c422957893a2fbe17d0706cacd10bd4f2f62bec97142d6f?s=96&d=initials&r=g&initials=gd","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fd9af77e71d45af42c422957893a2fbe17d0706cacd10bd4f2f62bec97142d6f?s=96&d=initials&r=g&initials=gd","caption":"Gagan Dua"},"description":"ICT Licensing Gagan has over 6.5 years experience in handling various patent analysis projects. His expertise lies in several technology areas including: Cloud Computing, Software Defined Networks (SDN), Big Data, Distributed Computing, Computer Networks, Microprocessors, Blockchain, Internet of Things (IoT) and Content Delivery Networks (CDN). Gagan holds a master's degree in Computer Engineering","url":"https:\/\/sagaciousresearch.com\/blog\/author\/gagan-dua"}]}},"_links":{"self":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts\/20649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=20649"}],"version-history":[{"count":39,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts\/20649\/revisions"}],"predecessor-version":[{"id":28760,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/posts\/20649\/revisions\/28760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/media\/20697"}],"wp:attachment":[{"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=20649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=20649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=20649"},{"taxonomy":"categories","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=20649"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/sagaciousresearch.com\/blog\/wp-json\/wp\/v2\/coauthors?post=20649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}