Suzhou Zhishu Applies for Patent for "Blockchain-Based Virtual Account Transaction Verification and Recording System"

Suzhou Zhishu Applies for Patent for "Blockchain-Based Virtual Account Transaction Verification and Recording System"Suzhou Zhishu Information Technology Co., Ltd

Suzhou Zhishu Applies for Patent for "Blockchain-Based Virtual Account Transaction Verification and Recording System"

Suzhou Zhishu Information Technology Co., Ltd. filed a patent application in August 2024 for a "Blockchain-Based Virtual Account Transaction Verification and Recording System," with publication number CN118941288A. This patent falls under the field of information technology and aims to leverage blockchain technology to ensure the security and compliance of virtual account transactions.

The patent abstract outlines the system's key steps:

1. Obtain login data and record time: When a user logs into the target virtual account, the system acquires the user's login data and records the time of the user's input of the target virtual account as the first target time.

2. Verify user identity: The system retrieves the corresponding identity token attributes from the target virtual account and verifies the user based on the login data and identity token attributes to determine if the user can enter the target virtual account's management interface.

3. Compliance verification: When the user enters the management interface and initiates a transaction request, the system uses a smart contract containing verification conditions to conduct compliance verification of the transaction request and obtain the compliance verification result.

4. Send transaction request: Based on the verification result, the system sends the transaction request to the registered bank of the physical account and generates a transaction form.

The patent highlights the advantages of utilizing blockchain technology for transaction verification and recording, ensuring the compliance of each user's transaction operation.

Specifically, the system achieves transaction security and compliance through the following mechanisms:

• Distributed ledger: Blockchain technology records all transaction information and stores it across multiple nodes, ensuring the transparency and immutability of transaction records.

• Smart contracts: Smart contracts automatically execute pre-defined transaction rules and verify the compliance of transactions without manual intervention, enhancing efficiency and security.

• Identity verification: Through identity token verification, the system can identify user identities, preventing unauthorized users from performing transactions.

The application scenarios of this patent technology include:

• E-commerce: Ensuring transaction security and compliance for users on e-commerce platforms.

• Financial services: Ensuring transaction security and compliance for users conducting transactions with financial institutions.

• Gaming platforms: Ensuring the security and compliance of virtual currency transactions within gaming platforms.

Suzhou Zhishu's patent application demonstrates its strong technological capabilities in blockchain technology applications. The application of this technology can effectively enhance the security, compliance, and efficiency of virtual account transactions, providing users with more secure and reliable online transaction services.