Wanxiang Blockchain Files Patent for "Graphical Generation Method and System for Sharding Blockchain Wallet Private Keys," Enhancing Private Key Security

Wanxiang Blockchain Files Patent for "Graphical Generation Method and System for Sharding Blockchain Wallet Private Keys," Enhancing Private Key SecurityOn January 16, 2025, the State Intellectual Property Office of China revealed that Shanghai Wanxiang Blockchain Co., Ltd

Wanxiang Blockchain Files Patent for "Graphical Generation Method and System for Sharding Blockchain Wallet Private Keys," Enhancing Private Key Security

On January 16, 2025, the State Intellectual Property Office of China revealed that Shanghai Wanxiang Blockchain Co., Ltd. filed a patent application titled "Graphical Generation Method and System for Sharding Blockchain Wallet Private Keys," with publication number CN119299085A and an application date of September 2024. This patent application aims to enhance the security of blockchain wallet private keys and provide users with a more convenient private key management solution.

The patent proposes an innovative private key management method. It shards the private key into multiple fragments, generating a unique graphical representation for each fragment. This enables graphical management and secure storage of the private key. This method significantly enhances private key security, effectively reducing the risk of loss or leakage.

The patent abstract details four key steps:

Step S1: Private Key Sharding: The blockchain wallet's private key is first split into multiple independent fragments. This sharding mechanism is the core of the security strategy, distributing the risk of a single private key across multiple fragments. Even if some fragments are lost or leaked, the entire private key will not be exposed. The private key sharding strategy requires careful design to balance fragment size and quantity, ensuring both security and ease of user management and recovery.

Step S2: AIGC Graphical Generation: After private key sharding, the patent utilizes Artificial Intelligence Generated Content (AIGC) technology to generate a unique graphical representation for each fragment. Each graphical representation is unique and reliably linked to its corresponding private key fragment. This graphical representation not only enhances security but also makes storage and management more intuitive and user-friendly, reducing complexity. The use of AIGC technology ensures efficient and diverse graph generation, avoiding repetition and patterns, further enhancing security.

Step S3: Encrypted Backup Storage: For enhanced security, the generated graphical private key fragments are encrypted and stored with redundant backups. This prevents single points of failure; even if a storage device is damaged or lost, the private key can be recovered from other backups. The choice of encryption algorithm and backup strategy are crucial for the security of this step. A robust encryption algorithm effectively resists various attacks, while multiple backup strategies minimize data loss risk.

Step S4: Multi-Factor Authentication Recovery: The final step involves recovering the graphical private key fragments through a multi-factor authentication mechanism and recombining them to restore the complete private key. The design of the multi-factor authentication mechanism must balance security, convenience, and reliability. For example, biometric authentication and password verification could be used to ensure only authorized users can access and recover the private key. An effective error correction mechanism is also necessary to handle potential errors or failures.

This patented method offers significant advantages over traditional private key storage methods. Traditional methods typically store the private key in a single file, making it highly vulnerable to loss or leakage. This patent's method, through sharding, graphical representation, and encrypted backups, significantly improves security and reduces the risk of loss or leakage.

Furthermore, the patent provides a user-friendly private key storage and recovery solution. The graphical representation simplifies private key management, reducing complexity and the risk of errors.

According to Tianyancha data, Shanghai Wanxiang Blockchain Co., Ltd., established in 2017, has a registered capital and paid-in capital of 100 million RMB. It specializes in internet and related services. The company boasts a strong intellectual property portfolio, owning 57 trademarks and 247 patents, highlighting its commitment to technological innovation and intellectual property protection. It has also invested in 12 companies, participated in 17 bidding projects, and holds 2 administrative licenses, demonstrating its influence and strength within the industry.

The application for this "Graphical Generation Method and System for Sharding Blockchain Wallet Private Keys" patent represents a significant endeavor by Wanxiang Blockchain in the field of blockchain security, showcasing its technological innovation capabilities. The technology's application is expected to significantly enhance blockchain wallet security and promote wider adoption of blockchain technology. Its successful application will provide users with a more secure and convenient digital asset management solution, positively impacting the overall security development of the blockchain industry. Future refinements and application of this technology are expected to further enhance its role in safeguarding digital assets. The patent application's publication also provides new ideas and directions for research and development in blockchain security. For the blockchain industry as a whole, this is undoubtedly a positive sign, indicating that blockchain security technology is poised for new breakthroughs and development.