PeopleChain Data Element Full Life Cycle Source Verification Method and System Wins Invention Patent, Facilitating Data Element Market Construction

PeopleChain Data Element Full Life Cycle Source Verification Method and System Wins Invention Patent, Facilitating Data Element Market ConstructionPeople Data Management (Beijing) Co., Ltd

PeopleChain Data Element Full Life Cycle Source Verification Method and System Wins Invention Patent, Facilitating Data Element Market Construction

People Data Management (Beijing) Co., Ltd. (hereinafter referred to as "People Data"), has recently successfully obtained an invention patent certificate issued by the State Intellectual Property Office for its independently developed "PeopleChain Data Element Full Life Cycle Source Verification Method and System." This breakthrough achievement lays a solid foundation for serving various departments and fields in improving data management systems, regulating data business activities, and effectively addressing data security challenges.

PeopleChain is the blockchain brand under People.cnPeople Data, and a core component of the "Cloud-Chain Integration" technical foundation that People Data has deployed. It has built a "1+1+N" product service system: 1 blockchain BAAS platform, 1 data element rights confirmation and circulation platform, and N blockchain innovation applications. As a domestically controlled, one-stop, visual, and highly secure comprehensive blockchain management platform, PeopleChain provides strong technical support for promoting the development of the data element market.

In July 2023, relying on the underlying technology support of PeopleChain, People Data launched the "Data Resource Holding Certificate," "Data Processing and Use Certificate," and "Data Product Operation Certificate" (three certificates), providing important evidence for the legal and compliant circulation of data elements. So far, nearly 100 units have been awarded relevant rights confirmation certificates after passing the 108 substantive standard reviews by the People Data expert group.

Based on the two major technical foundations of PeopleChain and People Cloud, People Data's nationwide data element public platform went online on September 1, 2023. The launch of the platform effectively promotes the formation of a new nationwide interconnected and integrated situation for data confirmation and data circulation transactions. So far, nearly 60 related data exchanges and operating enterprises have joined the platform, effectively promoting the accelerated release of the multiplier effect of data elements in various regions and fields.

A relevant person in charge of People Data said that in the future, they will continue to increase investment in research and development, facilitate the legal, compliant, and efficient circulation of cross-platform data, consolidate the technical "hard foundation," and provide protection for the construction of the data element market.

Innovative Value of PeopleChain

The grant of this patent marks a significant breakthrough in the technological innovation and application of PeopleChain in the field of data elements. The PeopleChain data element full life cycle source verification method and system has the following important values:

• Enhance the security and credibility of data element circulation: The development and application of new technologies such as artificial intelligence and big data have posed new requirements for the circulation and value release of data elements. However, the circulation of data elements also faces challenges in terms of security and credibility. By providing source verification functions, PeopleChain can effectively track the source, path, and usage of data elements, ensuring the authenticity and reliability of data sources, preventing data leakage and abuse, and thereby improving the security and credibility of data circulation.

• Perfect the data element market supervision system: The construction of the data element market requires a sound supervision system to ensure its healthy development. PeopleChain's data element rights confirmation and circulation platform can provide technical support for data element market supervision. By recording data element transaction circulation information, it helps regulatory authorities better understand the operation of the data element market, timely identify and deal with violations, and maintain order in the data element market.

• Promote the release of data element value: Data elements are important production factors, and their value release needs to be achieved through circulation and transactions. The technical solutions provided by PeopleChain can reduce the cost of data element circulation transactions, improve efficiency, promote the rational flow and value release of data elements, and provide strong support for the development of the digital economy.

Technical Advantages of PeopleChain

PeopleChain, as a blockchain platform independently developed by People Data, has the following technical advantages:

• Domestically controlled cryptosystem: PeopleChain uses domestically developed cryptography algorithms and security technologies, featuring high security and being able to effectively respond to various security threats, ensuring data security and reliability.

• Visual management: The PeopleChain platform provides a visual management interface, allowing users to easily query the circulation and use of data elements, improving data management efficiency and transparency.

• Integrated solutions: PeopleChain provides one-stop blockchain services, covering the entire process of data element rights confirmation, circulation, and transactions, meeting the needs of different users.

Future Outlook

With the rapid development of the digital economy, data elements will become increasingly important. People Data will continue to leverage its strengths, constantly innovate technology, promote the construction of the data element market, and provide strong support for the development of the digital economy. In the future, People Data will focus on the following work:

• Deepen technological innovation: Continue to increase investment in research and development, constantly enhance the technical capabilities of the PeopleChain platform, and build a more secure, efficient, and convenient data element circulation platform.

• Expand application scenarios: Actively explore the application scenarios of PeopleChain in various industries, and promote the release of value of data elements in more fields.

• Strengthen industry cooperation: Establish close cooperative relationships with relevant enterprises and institutions, jointly promote the construction of the data element market, and build a sound data element ecosystem.

Driven by technological innovation, People Data will continue to improve the data element circulation system, promote the healthy development of the data element market, and contribute to the development of the digital economy.