Tencent Finance (Tenpay) Secures Blockchain-Based Vehicle Information Query Patent, Deepening Technological Footprint

Tencent Finance (Tenpay) Secures Blockchain-Based Vehicle Information Query Patent, Deepening Technological FootprintOn January 7, 2025, the State Intellectual Property Office of China (SIPO) announced that Tencent Finance Payment Technology Co., Ltd

Tencent Finance (Tenpay) Secures Blockchain-Based Vehicle Information Query Patent, Deepening Technological Footprint

On January 7, 2025, the State Intellectual Property Office of China (SIPO) announced that Tencent Finance Payment Technology Co., Ltd. (hereinafter referred to as "Tenpay") has been granted a patent for "A Blockchain-Based Method, Device, and Storage Medium for Vehicle Information Query," with authorization announcement number CN111427923B. The application date was March 2020. This patent marks a significant breakthrough for Tenpay in the application of blockchain technology and further demonstrates its strategic focus on technological advancement and business expansion.

Established in 2006, Tenpay boasts a registered capital of RMB 1,530,000 million, matching its paid-in capital. Headquartered in Shenzhen, a special economic zone in China, the company primarily operates in the software and information technology services industry. As a leading player in China's payment sector, Tenpay consistently prioritizes technological innovation to enhance its core competitiveness. This blockchain patent is a direct outcome of its ongoing investment in and commitment to technological innovation.

The core of the patented "Blockchain-Based Method, Device, and Storage Medium for Vehicle Information Query" lies in leveraging blockchain technology to improve the efficiency and security of vehicle information queries. Traditional methods suffer from information silos and data manipulation vulnerabilities. Blockchain's decentralized and immutable nature effectively addresses these issues. By utilizing blockchain, a secure and reliable vehicle information database can be established, enabling real-time query and sharing of vehicle information, thereby enhancing vehicle management efficiency, reducing query costs, and safeguarding information security.

This patent is not only crucial for Tenpay's technological advancement but also significantly contributes to the information infrastructure development of the automotive industry. With the rapid development of big data and artificial intelligence, secure and efficient management of vehicle information data is increasingly critical. Tenpay's patented technology offers novel solutions to these challenges, promising to propel the automotive industry's information infrastructure to new heights.

Tianyancha data reveals Tenpay's robust technological capabilities as a technology-driven enterprise. To date, Tenpay has invested in three companies, participated in 147 bidding projects, owns 312 patent entries, and holds 13 administrative licenses. These figures highlight Tenpay's comprehensive strength in technology R&D, market expansion, and industry influence. Tenpay's active market participation, expanding business scale, and continuous investment in technological innovation lay a solid foundation for its future growth.

Tenpay's foray into blockchain technology is not coincidental but a natural outcome of its long-standing commitment to technological innovation. In the digital economy era, blockchain, a revolutionary technology, is being increasingly adopted across various sectors. Tenpay's proactive embrace of this new technology and its integration into its business operations reflect its keen insight into and proactive response to future trends. This patent further solidifies Tenpay's leading position in fintech and provides new growth momentum.

In conclusion, Tenpay's acquisition of the blockchain-based vehicle information query patent showcases its technological prowess and innovative capabilities, providing strong support for its continued growth in the fintech sector. The application of this technology will not only optimize vehicle information query processes, enhancing efficiency and security, but also serve as a valuable reference for other industries' information infrastructure development, holding significant current and future implications. Tenpay's continued innovation will undoubtedly contribute to the technological advancement of the entire industry. We can expect Tenpay to achieve further breakthroughs in various fields, making greater contributions to societal development. This patent authorization is undoubtedly a significant milestone on its journey.