Qingdao Zhili Accounting Firm Applies for Patent for "Blockchain and Big Data-Based Financial Transaction System"

Qingdao Zhili Accounting Firm Applies for Patent for "Blockchain and Big Data-Based Financial Transaction System"Information from the State Intellectual Property Office shows that Qingdao Zhili Accounting Firm Co., Ltd

Qingdao Zhili Accounting Firm Applies for Patent for "Blockchain and Big Data-Based Financial Transaction System"

Information from the State Intellectual Property Office shows that Qingdao Zhili Accounting Firm Co., Ltd. filed a patent for a "Blockchain and Big Data-Based Financial Transaction System" in August 2024, with the publication number CN118898517A. This patent aims to address the issue of low security in existing financial transaction systems using biometrics by introducing dual authentication with fingerprint and finger vein, as well as big data clustering and anomaly detection technologies to enhance transaction security.

The patent abstract indicates that the system primarily involves the following steps:

1. Data Collection: The system first collects users' fingerprint and finger vein images as biometric information.

2. Feature Extraction: The system processes the collected images, extracting fingerprint feature vectors for subsequent authentication matching.

3. User Authentication: Upon user authentication requests, the system compares users' fingerprint and finger vein images to verify their identity.

4. Transaction On-chain: Once user authentication is successful, the system uploads transaction information and authentication results to the blockchain and executes transfer operations using smart contracts.

5. Big Data Analysis: The system performs big data analysis on the biometric images stored in the blockchain, using clustering algorithms to categorize fingerprint and finger vein images of different users.

6. Anomaly Detection: Based on the clustering results, the system trains an anomaly detection model to identify whether the collected biological feature images are abnormal, issuing alerts for potential risks.

The core advantages of this patented technology are:

• Dual Authentication: By employing dual authentication with fingerprint and finger vein, effectively improving the accuracy and security of biometric identification, reducing the risk of impersonation.

• Big Data Analysis: Analyzing user information using big data clustering algorithms can identify abnormal behavior, enhancing the accuracy of risk alerts.

• Smart Contracts: Utilizing smart contracts to execute transaction operations ensures transaction transparency and security.

The application of this patented technology will contribute to enhancing the security of financial transactions, reducing fraud risks, and providing users with safer and more reliable financial services. In the future, with the advancement of blockchain and big data technologies, this technology is expected to be applied in more financial areas, promoting a safer and more efficient development of the financial industry.