WeBank Granted Blockchain Transaction Patent, Deepening Fintech Applications

WeBank Granted Blockchain Transaction Patent, Deepening Fintech ApplicationsOn January 15, 2025, the State Intellectual Property Office of China announced that Shenzhen Qianhai WeBank Co., Ltd

WeBank Granted Blockchain Transaction Patent, Deepening Fintech Applications

On January 15, 2025, the State Intellectual Property Office of China announced that Shenzhen Qianhai WeBank Co., Ltd. was granted a patent for "A Blockchain-Based Transaction Method, Device, System, and Readable Storage Medium," with authorization announcement number CN112669157B. The patent application was filed in December 2020, marking another significant breakthrough for WeBank in the application of blockchain technology. This reflects WeBank's continued commitment to increasing R&D investment in fintech and actively exploring innovative financial services.

Established in 2014 and headquartered in Shenzhen, China, WeBank is a company focused on monetary financial services. With registered capital of RMB 391,820 million and paid-in capital of RMB 300,000 million, its strong capital base provides a solid foundation for technological innovation and business expansion. Over the years, WeBank has actively participated in market competition. According to Tianyancha data, it has participated in 58 bidding and tendering projects, demonstrating its activity and competitiveness in the financial market. WeBank has also invested heavily in intellectual property protection, possessing 774 trademark registrations and 3425 patent applications. This extensive intellectual property portfolio is key to its continued innovation and competitive advantage. Furthermore, WeBank holds 109 administrative licenses, reflecting its strong compliance record.

The newly acquired blockchain transaction patent is a significant achievement resulting from WeBank's continuous exploration and innovation in the fintech field. The application of this patented technology is expected to further enhance transaction efficiency, security, and transparency, providing users with more convenient and secure financial services. Blockchain technology, with its decentralized, transparent, and secure characteristics, is increasingly becoming a crucial technology underpinning the fintech sector, with a constantly expanding scope of applications. WeBank's proactive deployment of blockchain technology and its notable accomplishments will help it maintain a leading position in the increasingly competitive financial landscape.

The application of this patented technology will not only optimize WeBank's internal business processes but also bring positive impacts to the entire financial industry. By improving transaction efficiency and security, it can reduce financial risks and enhance the overall quality of financial services. The application potential of blockchain technology is particularly significant in areas such as cross-border payments and supply chain finance, where it can potentially address existing pain points and drive industry development. As an influential fintech company, WeBank's innovation in blockchain technology will have a positive catalytic effect on the entire financial ecosystem.

WeBank's acquisition of this blockchain transaction patent is not only an affirmation of its R&D capabilities but also a testament to its proactive exploration of the future direction of fintech. This signals WeBank's intention to continue increasing R&D investment, deepening the application of blockchain technology to provide users with higher-quality and more secure financial services, and making greater contributions to the development of China's fintech industry. In the future, we can expect WeBank to deliver more innovation and breakthroughs in blockchain technology applications, injecting new vitality into the digital transformation of the financial industry. This is not only of significant importance to WeBank's own development but also has far-reaching implications for the progress and development of the entire financial industry. WeBank's continued innovation and technological breakthroughs will lead the fintech industry to new heights. Its investment in intellectual property protection and technological R&D is also worth learning from and emulating by other financial institutions.

This patent authorization further solidifies WeBank's leading position in the fintech field, providing strong support for its future development. WeBank will continue to uphold its innovative development philosophy, actively explore fintech applications, and contribute to the modernization of China's financial industry. We can look forward to WeBank launching more new products and services based on blockchain technology in the future, bringing users a more convenient and secure financial experience.