WeBank Secures Blockchain Random Number Generation Patent, Showcasing Fintech Innovation Prowess

WeBank Secures Blockchain Random Number Generation Patent, Showcasing Fintech Innovation ProwessOn February 26, 2025, the State Intellectual Property Office of China announced that WeBank (Shenzhen Qianhai WeBank Co., Ltd

WeBank Secures Blockchain Random Number Generation Patent, Showcasing Fintech Innovation Prowess

On February 26, 2025, the State Intellectual Property Office of China announced that WeBank (Shenzhen Qianhai WeBank Co., Ltd.) has been granted a patent for a "Method and Apparatus for Generating Random Numbers in a Blockchain Network Service Platform, and Storage Medium," with authorization announcement number CN115694802B. The application date was October 2022. This patent marks a significant breakthrough for WeBank in blockchain technology application, further solidifying its leading position in the fintech sector.

Founded in 2014, WeBank, headquartered in Shenzhen, is a monetary financial services company with registered capital of RMB 391.82 million and paid-in capital of RMB 300 million. In recent years, WeBank has actively explored fintech innovation, striving to provide customers with safer, more convenient, and efficient financial services. This patent represents a major milestone in its fintech innovation journey.

The core of the patent, titled "Method and Apparatus for Generating Random Numbers in a Blockchain Network Service Platform, and Storage Medium," lies in addressing the security challenges of random number generation in blockchain network service platforms. Random number generation is crucial in blockchain technology, directly impacting the security, reliability, and fairness of the system. Traditional methods often present security vulnerabilities and are susceptible to attacks, while WeBank's patented technology effectively mitigates these risks.

The patented technology innovatively proposes a novel random number generation method and apparatus. Through a unique algorithm and mechanism, it ensures the generated random numbers are unpredictable, non-repeatable, and resistant to attacks. This technology not only enhances the security of blockchain network service platforms but also improves operational efficiency and reliability, providing a solid technological foundation for building a more secure and reliable financial service system.

As a bank committed to fintech innovation, WeBank consistently adheres to a technology-driven development strategy, actively investing in R&D, and continuously enhancing its technological capabilities. This patent is another significant achievement in its technological innovation efforts, demonstrating its technological accumulation and innovation capabilities in the fintech field.

According to Tianyancha data, WeBank has participated in 60 bidding projects, holds 787 trademark registrations, possesses 3459 patents, and has 110 administrative licenses. This data reflects WeBank's strength and influence in the market and showcases its important role in technological innovation and industry development.

WeBank's continuous innovation is not merely reflected in the increasing number of patents but also in its in-depth exploration and practical application of technology. WeBank actively applies its technological innovation achievements to its actual business, providing customers with better services, enhancing user experience, and driving the digital transformation and upgrading of the financial industry.

WeBank's successful experience is worthy of learning and reference by other financial institutions. In the future, WeBank will continue to increase R&D investment, explore cutting-edge areas of fintech, and make greater contributions to building a safer, more efficient, and convenient financial service system. This will not only enhance WeBank's core competitiveness but also play a significant role in promoting technological progress and development in the entire financial industry. WeBank's innovative practices provide valuable experience for other financial institutions and inject new vitality into the booming development of China's fintech industry.

Through continuous technological innovation and business practices, WeBank will continuously expand its leading edge in the fintech field, create greater value for customers, and contribute to the future development of China's fintech industry. This reflects not only WeBank's high regard for technological innovation but also its sense of social responsibility. WeBank's future development is promising, and its exploration in the fintech field will continue to lead industry trends and drive the digital transformation and upgrading of the financial industry.