Tencent Applies for Patent on "Privacy Computing Based on Blockchain," Boosting Data Security and Collaboration

Tencent Applies for Patent on "Privacy Computing Based on Blockchain," Boosting Data Security and CollaborationFinancial World, October 24, 2024 - Information from the National Intellectual Property Administration reveals that Tencent Technology (Shenzhen) Co., Ltd

Tencent Applies for Patent on "Privacy Computing Based on Blockchain," Boosting Data Security and Collaboration

Financial World, October 24, 2024 - Information from the National Intellectual Property Administration reveals that Tencent Technology (Shenzhen) Co., Ltd. has filed a patent application for a "Privacy Computing Method, Device, and System Based on Blockchain," with publication number CN118797749A, filed in April 2023.

This patent falls under the field of privacy computing technology, specifically addressing a privacy computing method, device, and system based on blockchain. The patent abstract outlines the following steps:

1. Task Creation and Evidence: The first terminal creates a privacy computing task and sends it to the blockchain for evidence.

2. Authorization Request and Evidence: The first terminal publishes a task authorization request to the second terminal based on the blockchain, allowing the second terminal to authorize the privacy computing task and send the authorization result to the blockchain for evidence.

3. Privacy Computing Execution: The privacy computing platform retrieves the privacy computing task and the authorization results of the second terminal from the blockchain. Upon confirming that the authorization results meet the preset conditions, the privacy computing task is executed in a trusted computing environment.

By initiating a task authorization process for privacy computing tasks based on blockchain and storing the privacy computing tasks and authorization results of each participant on the blockchain, this patent aims to achieve the following objectives:

• Mutual Trust and Collaboration: Through the immutability and transparency of blockchain, it ensures mutual trust and collaboration among participants, promoting secure data sharing and collaborative computing.

• Data Security: Storing authorization results and task information on the blockchain effectively prevents data leakage and tampering, safeguarding the data security of all participants.

This patented technology has wide-ranging application scenarios, such as:

• Joint Modeling: Multiple institutions can leverage this technology for joint modeling, enhancing model accuracy and efficiency while protecting data privacy.

• Joint Analysis: Different industries can utilize this technology for joint analysis. For example, financial institutions and healthcare organizations can collaboratively study the relationship between diseases and financial status without sharing sensitive data.

• Data Trading: This technology can be applied to data trading scenarios, ensuring data security and privacy, promoting data circulation, and unlocking data value.

Tencent's application for this "Privacy Computing Based on Blockchain" patent demonstrates the company's exploration and innovation in data security and privacy protection. This technology is expected to drive the application of privacy computing technology, providing more reliable guarantees for data security and collaboration, and promoting the release of data value and social benefits.