Blockchain Holdings Applies for Digital Signature Acquisition Patent to Enhance Data Security and Credibility

Blockchain Holdings Applies for Digital Signature Acquisition Patent to Enhance Data Security and CredibilityFinancial World, November 15, 2024 According to the National Intellectual Property Administration, Blockchain Holdings Co., Ltd

Blockchain Holdings Applies for Digital Signature Acquisition Patent to Enhance Data Security and Credibility

Financial World, November 15, 2024 According to the National Intellectual Property Administration, Blockchain Holdings Co., Ltd. has applied for a patent titled "Computer-implemented Method and System for Obtaining Digital Signatures of Data", with publication number CN118944895A, filed in January 2019. This patent aims to address the shortcomings of existing digital signature technologies in terms of data security and credibility, by implementing a more secure and reliable method and system for obtaining digital signatures.

The patent abstract reveals that the method mainly involves the following steps:

1. Data Transmission and Reception: At least one of multiple first participants generates first data (e2) based on their accessible second data (e) and sends it to at least one second participant. Notably, the second data is inaccessible to the second participant.

2. Digital Signature Reception: Upon receiving the first data, the second participant generates and sends a digital signature (s1) of the first data to the first participant.

3. Sharing and Processing: Multiple first participants jointly process the digital signature of the first data and generate a digital signature (s) for the second data. The generation of this signature requires the joint participation of a threshold number of participants. In other words, only when a certain number of participants are involved can they obtain the digital signature, while fewer participants cannot access it.

The method and system described in this patent effectively improve digital signature security by introducing features such as multi-party participation and a threshold mechanism:

• Enhanced Data Privacy: Since the second data is inaccessible to the second participant, even if they obtain the digital signature of the first data, they cannot access the original second data, thus protecting data privacy.

• Improved Data Credibility: As the generation of the digital signature requires the joint efforts of multiple participants and a threshold number of participants to obtain it, it effectively prevents any single participant from tampering with or forging the data, enhancing data credibility.

• Increased Data Security: Even if some participants are subjected to malicious attacks, it will not affect the security and integrity of the digital signature, as only participants reaching the threshold number can obtain the signature, while those below the threshold will not acquire any information.

The application of this patented technology can effectively enhance the security, reliability, and credibility of digital signature technology, holding broad application prospects in data security, digital copyright, e-commerce, and other fields. Blockchain Holdings Co., Ltd. is committed to promoting the application of blockchain technology in various fields, and this patent application represents a significant achievement in the area of data security. In the future, the company will further enrich the application scenarios of blockchain technology and contribute to societal development.

Source: Financial World, Author: Intelligence Officer.