Shenzhen Lingdong Innovation Applies for Patent on "Blockchain-Based Third-Party Payment Security Authentication Method and System"

Shenzhen Lingdong Innovation Applies for Patent on "Blockchain-Based Third-Party Payment Security Authentication Method and System"Financial World, November 6, 2024 - According to information released by the State Intellectual Property Office, Shenzhen Lingdong Innovation Information Technology Co., Ltd

Shenzhen Lingdong Innovation Applies for Patent on "Blockchain-Based Third-Party Payment Security Authentication Method and System"

Financial World, November 6, 2024 - According to information released by the State Intellectual Property Office, Shenzhen Lingdong Innovation Information Technology Co., Ltd. has applied for a patent titled "Blockchain-Based Third-Party Payment Security Authentication Method and System", with publication number CN118898488A, filed in July 2024.

This patent aims to address security risks existing in current third-party payment security authentication methods, providing a safer and more reliable authentication method. The patent abstract reveals that the method mainly involves the following steps:

1. Obtain Real-Time User Payment Information: The system first obtains relevant information about the user's ongoing payment transaction, such as transaction amount, payment time, and transaction counterparty.

2. Generate Multi-Dimensional Payment Information: Based on the obtained real-time user payment information, the system generates payment information encompassing multiple dimensions, such as user behavior information, transaction information, and account information, comprehensively reflecting the user's payment behavior characteristics.

3. Time Series Fitting to Generate Payment Behavior Sequence: The system conducts time series fitting on the multi-dimensional payment information, connecting payment information at different time points to generate a complete payment behavior sequence.

4. Obtain Local Dependency of Payment Sequence: By analyzing the payment behavior sequence, the system can identify dependencies between different payment behaviors, such as the user's payment habits and transaction patterns.

5. Implicit Risk Feature Analysis: Based on the local dependency of the payment sequence, the system can conduct implicit risk feature analysis, identifying potential payment risk behavior characteristics, such as anomalous payment behavior and fraudulent behavior.

6. Construct Payment Behavior Node Blockchain Network: The system connects multiple payment behavior nodes in the payment behavior sequence, utilizing implicit payment risk behavior feature data to establish a dynamic topological network and construct it into a blockchain network.

7. Risk Probability Distribution Analysis: The system performs risk probability distribution analysis on the constructed payment behavior node blockchain network, calculating the risk probability of each node and generating node risk probability distribution data.

Through these steps, this patent achieves a highly secure authentication method. This method leverages blockchain technology to construct a secure and reliable payment authentication system, effectively identifying and preventing payment risks, enhancing payment security and user trust.

It is understood that Shenzhen Lingdong Innovation Information Technology Co., Ltd. is a company specializing in the application of blockchain technology. In recent years, they have focused on applying blockchain technology to the financial field, providing users with safer and more convenient financial services. This patent application demonstrates the company's new breakthroughs in blockchain technology application, offering new insights for the future development of third-party payment security.