Shanghai Beiton Applies for Patent on "Blockchain-Based Enterprise Credit Information Verification and Processing System and Method"

Shanghai Beiton Applies for Patent on "Blockchain-Based Enterprise Credit Information Verification and Processing System and Method"Financial World, October 24, 2024 - According to information from the State Intellectual Property Office, Shanghai Beiton Enterprise Credit Rating Co., Ltd

Shanghai Beiton Applies for Patent on "Blockchain-Based Enterprise Credit Information Verification and Processing System and Method"

Financial World, October 24, 2024 - According to information from the State Intellectual Property Office, Shanghai Beiton Enterprise Credit Rating Co., Ltd. has filed a patent titled "A Blockchain-Based Enterprise Credit Information Verification and Processing System and Method" with publication number CN118798907A, filed in June 2024.

This patent aims to address the issues of difficult verification of authenticity and low information credibility in existing enterprise credit information management. The patent abstract shows that the system and method achieve enterprise credit information verification and processing through the following steps:

1. Information Acquisition: The system initially obtains the internal credit information uploaded by the enterprise, as well as the enterprise's publicly available credit information.

2. Determining the Authenticity of Internal Credit Information: The system analyzes the internal credit information uploaded by the enterprise, combined with relevant data and algorithms, to determine a first authenticity indicator for this information.

3. Determining the Second Authenticity of Internal Credit Information: The system further analyzes the internal credit information uploaded by the enterprise, combined with the enterprise's operating conditions, industry data, and other relevant information, to determine a second authenticity indicator for this information.

4. Comprehensive Determination of the Authenticity of Internal Credit Information: The system comprehensively assesses the authenticity of the internal credit information uploaded by the enterprise based on the two authenticity indicators determined in the first and second steps.

5. Adjusting the Credibility of On-Chain Nodes: The system adjusts the credibility of the enterprise's on-chain nodes based on the authenticity of the internal credit information uploaded by the enterprise. Higher credibility means that the enterprise's information is more reliable, and vice versa.

6. Determining Enterprise Credit Rating: The system comprehensively considers the authenticity of the internal credit information uploaded by the enterprise, the enterprise's public credit information, and other relevant factors to finally determine the enterprise's credit rating.

7. Adjusting the Review Intensity of Block Data: The system dynamically adjusts the review intensity of block data generated by each node based on the credibility of the enterprises on-chain nodes. Nodes with high credibility receive relatively lower review intensity, and vice versa. This aims to reduce the probability of untruthful information entering the blockchain.

8. Calculating Enterprise Credit Rating: The system calculates the enterprise's credit rating based on the authenticity of the internal credit information, and combines it with relevant correction values to make the enterprise credit rating more reasonable.

This patented technology can effectively improve the authenticity and credibility of enterprise credit information, reduce the risks of enterprise credit information management, and promote the improvement and development of the enterprise credit system. In the future, this patented technology is expected to be applied in areas such as enterprise credit management, financial risk control, and commercial cooperation, providing enterprises with safer and more reliable credit information services.

This article is from: Financial World, Author: Intelligence Officer