Tencent Files Patent for Blockchain Data Processing Method: Enhanced Efficiency and Reduced Resource Consumption

Tencent Files Patent for Blockchain Data Processing Method: Enhanced Efficiency and Reduced Resource ConsumptionThe State Intellectual Property Office of China shows that Tencent Technology (Shenzhen) Co., Ltd

Tencent Files Patent for Blockchain Data Processing Method: Enhanced Efficiency and Reduced Resource Consumption

The State Intellectual Property Office of China shows that Tencent Technology (Shenzhen) Co., Ltd. filed a patent application in July 2023 for a "Method, Device, Equipment, and Medium for Data Processing Based on Blockchain," with publication number CN119254781A. This patent aims to improve the efficiency of blockchain data processing and reduce resource consumption and management difficulty for node deployment. This innovative technology application signifies Tencent's ongoing exploration and investment in blockchain technology, laying a solid foundation for its future applications and development in this field.

The patent abstract details the core method. The core lies in dynamically adjusting the weights of consensus nodes to optimize blockchain network operation efficiency. Specifically, the method involves these steps: target consensus nodes obtain node weight update transactions generated for the first consensus node and weight update rules associated with the blockchain network; based on the weight update rules and the configuration weight carried by the node weight update transaction, the node weight of the first consensus node is updated, resulting in a transaction execution result; the node weight of the first consensus node in the transaction execution result indicates the proportion of voting information initiated by this consensus node during consensus operations; finally, the transaction execution result and the node weight update transaction are written to the blockchain in the blockchain network.

This weight update mechanism dynamically adjusts the weight of nodes in the consensus process based on factors such as node performance and contribution, thus improving overall network efficiency and security. Nodes with higher weights have greater voting power, enabling more effective participation in the consensus process and ensuring the stability and reliability of the blockchain network. Simultaneously, this mechanism effectively reduces resource consumption and management difficulty for node deployment. Traditional blockchain networks often require numerous nodes for consensus, consuming significant computing and storage resources and increasing management complexity. Tencent's patented weight update mechanism reduces the need for a large number of nodes, thereby lowering resource consumption and management difficulty and improving system efficiency.

This technology has broad application prospects. In finance, it can be applied to payment settlement and securities trading to improve efficiency and security. In supply chain management, it can track goods, enhancing transparency and traceability. In digital identity authentication, it can build secure and reliable systems, protecting user information. In the Internet of Things (IoT), it can be used for data acquisition and processing, improving efficiency and security.

As a leading technology company, Tencent has long been actively exploring and investing in blockchain technology. This patent application reflects its technological accumulation and innovation capabilities. Tencent has already achieved certain results in blockchain R&D and application, experimenting and deploying it in various fields. For example, Tencent has actively explored blockchain applications in digital renminbi and supply chain finance, achieving considerable success. As the technology matures, Tencent's blockchain patent is expected to find widespread application in more fields, contributing to the development of the digital economy.

The patent application also reflects Tencent's grasp of future blockchain trends. As blockchain technology develops and matures, its application scenarios will expand, and market demand will increase. Tencent's proactive layout in this field aims not only to enhance its technological competitiveness but also to seize opportunities in the burgeoning digital economy and gain a competitive advantage.

Tencent Technology (Shenzhen) Co., Ltd., established in 2000 and located in Shenzhen, is primarily engaged in software and information technology services, with a registered capital of US$2 million. Tianyancha data shows the company has invested in 16 enterprises, participated in 255 bidding projects, holds 5,000 trademarks, 5,000 patents, and 342 administrative licenses. This demonstrates Tencent's strength and leading position in the technology sector. Its substantial intellectual property portfolio provides a solid foundation for future development and strong support for continuous innovation in blockchain technology.

In summary, Tencent's blockchain data processing patent is innovative technologically, broadly applicable, and significantly important for future development. Successful application will significantly improve blockchain network efficiency and security, reduce resource consumption and management difficulty, and contribute to the development of the digital economy and social progress. This patent signals Tencent's growing strength in the blockchain field, and its future development in this area is promising. Tencent's continued investment reflects its commitment to technological innovation and confidence in the future digital economy. This is not only a crucial part of Tencent's development strategy but also injects new vitality into the blockchain technology field. The successful patent application will further solidify Tencent's leading position in technology and provide a greater advantage in future competition. Its accumulation of intellectual property and continued investment in technological innovation will bring new opportunities and development space in the blockchain field and the broader digital economy. The patent's application prospects are vast, with potential for widespread adoption and value creation across various sectors.

This patent showcases Tencent's unwavering pursuit of technological innovation and proactive approach to industry development, which will positively impact the entire blockchain industry. Tencent's continued investment and innovation in blockchain technology will undoubtedly give it a greater advantage in future market competition and contribute to the development of the digital economy. We look forward to Tencent achieving greater breakthroughs in blockchain technology and bringing more innovative applications to society.