WeBank Granted Patent for Blockchain-Based Anonymous Transaction: Technological Innovation Drives Financial Security and Efficiency

WeBank Granted Patent for Blockchain-Based Anonymous Transaction: Technological Innovation Drives Financial Security and EfficiencyOn January 15, 2025, the State Intellectual Property Office of China announced that WeBank (Shenzhen Qianhai WeBank Co., Ltd

WeBank Granted Patent for Blockchain-Based Anonymous Transaction: Technological Innovation Drives Financial Security and Efficiency

On January 15, 2025, the State Intellectual Property Office of China announced that WeBank (Shenzhen Qianhai WeBank Co., Ltd.) was granted a patent for "A Blockchain-Based Anonymous Transaction Method and Device, and Electronic Equipment," with authorization announcement number CN112529550B. The patent application was filed in December 2020, marking a significant breakthrough for WeBank in the application of blockchain technology and further enhancing its competitiveness in the fintech sector. This achievement reflects WeBank's continuous investment and significant results in technological innovation, providing new impetus for the digital transformation and security upgrade of the financial industry.

Founded in 2014 and headquartered in Shenzhen, WeBank is a company focused on monetary financial services. Public information shows its registered capital is RMB 391,820 million and its paid-in capital is RMB 300,000 million. As a bank actively innovating in the fintech field, WeBank has been committed to using advanced technologies to improve the efficiency and security of financial services. The obtained blockchain anonymous transaction patent is a concrete manifestation of its technological innovation strategy.

This patented technology aims to address privacy protection and efficiency issues in the transaction process of traditional financial systems. By utilizing blockchain technology, the patent enables anonymous transactions, effectively protecting user privacy while improving transaction efficiency and reducing transaction costs. In the current context where data security and privacy protection are increasingly valued, this technology holds significant practical meaning. It enhances the security of financial services and provides users with a more convenient and efficient financial experience.

WeBank's strong technological capabilities and innovative capacity are evident in its intellectual property portfolio. Data from Tianyancha shows WeBank has participated in 58 bidding projects, holds 774 trademarks, 3425 patents, and 109 administrative licenses. This data fully demonstrates WeBank's investment in technological research and development and intellectual property protection, as well as its leading position in the fintech sector. Its extensive patent reserves provide a solid technological foundation for future development and solidify its leading edge in the fiercely competitive financial market.

It's noteworthy that this patent also reflects the national support and encouragement of fintech innovation. In recent years, the government has issued a series of policies encouraging financial institutions to utilize technological means to improve service levels and promote the digital transformation of the financial industry. WeBank actively responds to national policies, continuously increasing R&D investment, and consistently breaking through technological bottlenecks, making a positive contribution to fintech development.

In summary, WeBank's blockchain-based anonymous transaction patent reflects its technological innovation capabilities and marks its continued leadership in the fintech field. The application of this technology will help improve the security, efficiency, and privacy protection of financial transactions, contributing to the digital transformation of China's financial industry. WeBank's success provides valuable reference for other financial institutions, encouraging them to actively explore and apply advanced technologies to build a safer, more efficient, and convenient financial ecosystem. With further application and improvement of this technology, WeBank is expected to achieve greater breakthroughs in the fintech field and provide users with even better financial services. WeBank's continuous innovation not only drives its own development but also sets a good example for the entire financial industry, worthy of industry reference and learning. This patent is undoubtedly another important milestone for WeBank in the fintech field, signaling its continued leadership in future industry development.

Over the years, WeBank has accumulated extensive experience and technical strength, and continues to be committed to technological innovation. The granting of this patent is the result of its long-term efforts and provides new impetus and direction for its future development. Through continuous technological innovation and application, WeBank will continue to provide users with safer, more convenient, and efficient financial services, contributing to the digital transformation of China's financial industry. This is not only of significant importance to WeBank's own development but also has a positive driving effect on the development of the entire financial industry.