Industrial and Commercial Bank of China (ICBC) Awarded Patent for Blockchain-Based Asset Query: Technological Innovation Drives Upgrade of Financial Services

Industrial and Commercial Bank of China (ICBC) Awarded Patent for Blockchain-Based Asset Query: Technological Innovation Drives Upgrade of Financial ServicesOn January 11, 2025, the State Intellectual Property Office of China announced that Industrial and Commercial Bank of China Limited (ICBC) was granted a patent for a "Method and Apparatus for Blockchain-Based Asset Query," with authorization announcement number CN113420087B. The application date was June 2021

Industrial and Commercial Bank of China (ICBC) Awarded Patent for Blockchain-Based Asset Query: Technological Innovation Drives Upgrade of Financial Services

On January 11, 2025, the State Intellectual Property Office of China announced that Industrial and Commercial Bank of China Limited (ICBC) was granted a patent for a "Method and Apparatus for Blockchain-Based Asset Query," with authorization announcement number CN113420087B. The application date was June 2021. This patent marks ICBC's continuous innovation in fintech and its growing technological strength, heralding new opportunities for the future development of financial services.

Established in 1985 and headquartered in Beijing, ICBC is a leading enterprise primarily engaged in monetary financial services. Its business scope covers all aspects of commercial banking services, and it holds a significant position in both domestic and international financial markets. According to Tianyancha data, ICBC boasts registered capital of RMB 35,640,625.7089 million and paid-in capital of RMB 24,800,000 million, providing a solid foundation for its technological innovation and business expansion.

Beyond its substantial capital strength, ICBC's market activity is also noteworthy. Tianyancha's big data analysis reveals that ICBC has invested in 30 companies and participated in 5,000 bidding projects, demonstrating its strategic layout of active market competition and business expansion.

ICBC possesses a rich accumulation of intellectual property rights. Tianyancha data shows that ICBC holds 951 trademark registrations, 5,000 patents, and 73 administrative licenses. This intellectual property accumulation reflects ICBC's long-term technological research and development capabilities and provides important competitive advantages and protection for its future development. The substantial patent reserves, particularly the continuous investment in fintech, highlight ICBC's emphasis on technological innovation and its accurate grasp of future trends in financial services.

The "Method and Apparatus for Blockchain-Based Asset Query" patent is another significant achievement for ICBC in the fintech field. Blockchain technology, with its characteristics of security, transparency, and efficiency, is gradually being applied to various fields within the financial industry, providing new possibilities for upgrading and innovating financial services. This patent will help ICBC further improve asset query efficiency, strengthen risk control capabilities, and provide customers with safer, more convenient, and efficient financial services. The application of this technology is expected to solve problems such as low efficiency, high costs, and insufficient security in traditional asset query processes, thereby enhancing customer experience and strengthening ICBC's market competitiveness.

This patented technology has broad application prospects. It can be used not only for internal asset management and risk control within ICBC but also extended to other financial fields, such as supply chain finance and cross-border payments. Through collaboration with other financial institutions, ICBC can promote the application of this technology to jointly drive the digital transformation and upgrading of the financial industry.

ICBC's continuous innovation and technological investment have injected new vitality into the development of China's financial industry. This patent authorization is not only a reflection of ICBC's technological strength but also sets an example for technological innovation in the entire Chinese financial industry, contributing to a safer, more efficient, and convenient future for the sector. It is believed that in the future, ICBC will continue to increase its investment in fintech, providing even better financial services to its customers and contributing greater strength to the prosperous development of China's financial industry. ICBC's development history also demonstrates that technological innovation is a crucial driving force for the continuous development of the financial industry; only through continuous innovation can one remain undefeated in fierce market competition.