Bank of Communications Applies for "Data Processing System" Patent to Enhance User Data Security and Experience

Bank of Communications Applies for "Data Processing System" Patent to Enhance User Data Security and ExperienceA report by Financial World on December 26, 2024, revealed that Bank of Communications Co., Ltd

Bank of Communications Applies for "Data Processing System" Patent to Enhance User Data Security and Experience

A report by Financial World on December 26, 2024, revealed that Bank of Communications Co., Ltd. recently filed a patent application for a "Data Processing System, Method, Electronic Device, Storage Medium, and Program Product," with the publication number CN119180060A and an application date of August 2024. This patent aims to improve user data security and user experience by leveraging blockchain technology to effectively regulate the use of user data.

The patent abstract details the data processing system's mechanism. It begins by obtaining an authorized signature corresponding to the target service protocol from the application server. This step ensures only authorized users can access specific data. This authorized signature is then sent to the blockchain system, a highly secure and transparent distributed ledger technology platform.

Upon receiving the authorized signature, the blockchain system decrypts it to obtain the plaintext of the target service protocol. This process ensures data integrity and immutability. After decryption, the system extracts the identification information corresponding to the target service protocol. This identification information acts as a key for data access, pointing to the target static data maintained in the target smart contract.

Next, the system compares the plaintext of the target protocol with the target static data a crucial verification step. Access to the target static data is only granted if both are identical. This comparison effectively prevents data tampering or forgery.

Finally, after successful verification, the system sends the target static data back to the application server for user access. The entire process strictly adheres to the authorization flow, ensuring the security and integrity of user data.

The core innovation of this patent technology lies in its ingenious combination of application servers, blockchain systems, and smart contracts. The application server handles user requests and data interaction; the blockchain system provides a secure and reliable data storage and verification platform; and the smart contract automatically executes data access and verification operations based on predefined rules. These three components work together to create a secure, efficient, and transparent data processing system.

By introducing blockchain technology, the patent effectively addresses security and efficiency issues present in traditional data processing systems. Traditional systems often rely on centralized databases and complex permission management mechanisms, making them vulnerable to attacks and data breaches. The decentralized, transparent, and immutable nature of blockchain technology significantly enhances data security, preventing malicious tampering or theft.

Furthermore, the patent emphasizes improved user experience. Efficient data processing and a strict authorization mechanism allow users to access needed data faster while avoiding unnecessary security risks. This is particularly important for financial institutions that rely heavily on data services.

Bank of Communications, as a major state-owned commercial bank, has always prioritized information security and user protection. This patent application reflects its continuous innovation and investment in data security. Its application will not only enhance Bank of Communications' own data security level but also offer a valuable reference for other financial institutions, driving overall improvements in data security and user experience across the financial industry.

The implementation of this patent technology will significantly improve the security, transparency, and efficiency of data processing. Blockchain technology enhances the regulation of user data access and usage, reducing the risk of data leaks and misuse. The efficient data processing workflow also enhances user experience, enabling more convenient access to information and services.

In conclusion, Bank of Communications' "Data Processing System" patent represents a positive exploration of data security and technological innovation in the financial industry. It provides robust data security for Bank of Communications and offers new approaches for improving data security and user experience across the financial sector, warranting industry attention and research. Further research and application will help drive the financial industry toward a more secure, efficient, and convenient future. This technology could be widely applied in areas such as financial transactions, risk management, and customer service, providing users with more secure and reliable financial services.