Tencent Applies for Blockchain Transaction Data Processing Patent, Enhancing Efficiency with Wide Applications

Tencent Applies for Blockchain Transaction Data Processing Patent, Enhancing Efficiency with Wide ApplicationsOn October 31st, 2024, the National Intellectual Property Administration in China revealed that Tencent Technology (Shenzhen) Co., Ltd

Tencent Applies for Blockchain Transaction Data Processing Patent, Enhancing Efficiency with Wide Applications

On October 31st, 2024, the National Intellectual Property Administration in China revealed that Tencent Technology (Shenzhen) Co., Ltd. has applied for a patent titled "Blockchain Transaction Data Processing Method, Device, Electronic Equipment and Storage Medium", with publication number CN118838961A, and application date of April 2023.

This patent aims to address the issue of efficiency in blockchain transaction data processing. The patent abstract indicates that the method creates both a first storage space and a second storage space beforehand. Transaction data is written into the first storage space, and once it's full, the second storage space is utilized to continue writing transaction data, enabling uninterrupted data input.

Furthermore, the patent introduces a target storage space and associates candidate batch identifiers with access location information or the transaction data itself. This differentiation by candidate batch identifiers allows for batch retrieval of transaction data.

The target storage space, the first storage space, and the second storage space together form a streamlined write and read flow architecture, effectively enhancing the efficiency of retrieving transaction data.

This patent technology can be widely applied in technical fields such as cloud computing, blockchain, and payment systems, including:

• Cloud Computing: The patent can be used to optimize data storage and access efficiency within cloud platforms, improving data processing speed and reliability.

• Blockchain: The patent can be applied to transaction data management within blockchain platforms, enhancing transaction speed and data processing efficiency.

• Payment: The patent can be used to optimize transaction data processing workflows within payment systems, improving payment efficiency and security.

The innovative aspect of this patent technology lies in its unique storage space design and data processing method. It effectively solves the efficiency problems associated with blockchain transaction data processing and offers new technical support for the development of cloud computing, blockchain, and payment systems.