Tencent Files Blockchain-Based Transaction Processing Patent to Enhance Security and User Privacy

Tencent Files Blockchain-Based Transaction Processing Patent to Enhance Security and User PrivacyOn December 12, 2024, the State Intellectual Property Office of China revealed that Tencent Technology (Shenzhen) Co., Ltd

Tencent Files Blockchain-Based Transaction Processing Patent to Enhance Security and User Privacy

On December 12, 2024, the State Intellectual Property Office of China revealed that Tencent Technology (Shenzhen) Co., Ltd. filed a patent application (CN119107174A, application date: June 2023) titled "Blockchain-based transaction processing method and device, electronic device, and storage medium." The core of this patented technology lies in enhancing transaction security and cleverly concealing the sensitive information of both parties involved, providing a more secure and reliable trading environment for users.

The patent abstract details the technology's mechanism. It centers on a blockchain-based transaction processing method and device, collaboratively executed by a transaction platform and blockchain nodes. The process can be summarized in these steps: First, after receiving transaction information, the transaction platform sends a custody request to the participating blockchain nodes. This request instructs the nodes to transfer the transaction resources, matching the transaction volume, from the sender's blockchain address to a dedicated escrow blockchain address. This step ensures the security and controllability of the transaction resources, laying the foundation for subsequent splitting and transfer operations.

Next, the transaction platform sends a splitting request to the blockchain nodes. This request instructs the nodes to split the resources transferred to the escrow address into smaller sub-resources. This splitting is not a simple division but is performed according to preset rules and algorithms, ensuring each sub-resource is independent and complete, capable of independent transfer. This splitting mechanism further enhances security and reduces the risk associated with single-resource transactions.

Finally, the transaction platform generates a transfer request for each sub-resource and sends these requests to the blockchain nodes. The nodes then transfer each sub-resource to the recipient's blockchain address. This completes the transaction, ensuring final resource delivery. The entire process leverages the decentralized, tamper-proof, and transparent nature of blockchain technology to guarantee transaction integrity and reliability.

The innovation lies in the ingenious combination of resource transfer and the concealment of transaction parties' information. By introducing an escrow address and sub-resource splitting mechanism, the patent effectively masks direct interaction between parties on the blockchain. Traditional blockchain transactions often publicly reveal the addresses of both parties, potentially leading to information leaks or becoming targets for malicious attacks. Tencent's patent mitigates this risk by introducing intermediary steps, effectively hiding the true identities and transaction details of both parties.

This blockchain-based transaction processing method not only enhances security but also offers new solutions for various digital asset transactions. It has broad application prospects in areas like digital currency trading, digital copyright trading, and digital asset management. It effectively protects user privacy, improves efficiency, and reduces costs, thereby promoting the healthy development of the digital economy.

The mention of "electronic devices" and "storage media" in the patent application further expands its applicability. This suggests the technology isn't limited to specific software platforms but can be implemented on various hardware and storage media, enhancing its practicality and scalability across different scenarios and needs.

In conclusion, Tencent's blockchain-based transaction processing patent represents a significant breakthrough in blockchain technology applications. Its innovative combination of blockchain technology and privacy protection mechanisms effectively enhances security and hides transaction party information. This technology's application will positively impact the digital economy, providing users with a more secure and reliable trading environment. The maturation and application of this technology will undoubtedly drive the adoption of blockchain technology across more sectors, fostering the robust growth of the digital economy and contributing to a safer and more reliable digital world. Tencent's continuous investment and innovation in blockchain technology solidify its leading position in the tech sector. Future advancements and applications of this technology promise even greater convenience, security, and efficiency for users, building trust and promoting healthy growth in the digital economy.