Patent Application for a Blockchain-Based Business Data Processing Method: iCALC Holding Limited's New Approach to Invoice Efficiency

Patent Application for a Blockchain-Based Business Data Processing Method: iCALC Holding Limited's New Approach to Invoice EfficiencyOn January 24, 2025, the State Intellectual Property Office of China revealed that iCALC Holding Limited submitted a patent application titled "Method, Apparatus, Device, and Storage Medium for Blockchain-Based Business Data Processing," with publication number CN119338539A and an application date of September 2024. This patent application aims to revolutionize business data processing workflows and promises to significantly improve invoicing efficiency

Patent Application for a Blockchain-Based Business Data Processing Method: iCALC Holding Limited's New Approach to Invoice Efficiency

On January 24, 2025, the State Intellectual Property Office of China revealed that iCALC Holding Limited submitted a patent application titled "Method, Apparatus, Device, and Storage Medium for Blockchain-Based Business Data Processing," with publication number CN119338539A and an application date of September 2024. This patent application aims to revolutionize business data processing workflows and promises to significantly improve invoicing efficiency. The technical details and innovations of this patent application warrant further exploration.

The patent abstract details a blockchain-based business data processing method. The core of the method lies in leveraging blockchain's immutability and transparency to ensure the security and reliability of transaction data, thereby enabling a more efficient invoicing process. Specifically, the method comprises the following key steps:

First, the system acquires business data awaiting processing, sent by a first party (e.g., one of the transacting parties). This data can encompass various types of commercial information, such as product details, price, quantity, and the identities of the transacting parties. After acquiring this data, the system automatically generates an initial transaction contract and sends it to the first party for review. This step ensures both parties clearly understand the transaction details, preventing potential future disputes.

Next, the system updates the initial transaction contract based on feedback from the first party. This allows the first party to modify or supplement the contract content, ensuring its completeness and accuracy. This iterative process reflects the system's flexibility, adapting to various business needs and transaction scenarios. Upon finalizing the contract, the system generates a transaction order.

This transaction order is sent to the first party, while key invoicing data is simultaneously sent to an "invoicing node" within the blockchain network. The invoicing node packages this critical data into a "first block awaiting upload." This securely records the transaction information on the blockchain, providing an immutable basis for subsequent e-invoice generation and financial processing.

To ensure transaction integrity and security, the method employs a dual-block upload mechanism. After generating the "first block awaiting upload," the system waits for and detects the creation of a "second block awaiting upload." This "second block" might contain subsequent transaction information, such as payment confirmation. The system rigorously verifies the data in the "second block"; only after successful verification are both blocks added to the blockchain sequentially.

This dual-block upload mechanism further enhances transaction security, effectively preventing data tampering and fraudulent activities. The addition of each block is recorded on the blockchain and protected by cryptographic algorithms, ensuring its immutability. Furthermore, this mechanism enhances transaction transparency, allowing all participating parties to trace the entire transaction process.

After successfully uploading both blocks, the system generates an e-invoice based on the uploaded "first block" and sends it to the first party. This e-invoice serves as official proof of transaction completion and carries legal validity. Simultaneously, the system updates the account balances of both transacting parties based on the uploaded "second block," completing the entire transaction process.

The entire process is highly automated, minimizing manual intervention and significantly improving invoicing efficiency. This efficiency is evident in several aspects: first, automated contract generation and updates reduce the time and cost of manual operations; second, the application of blockchain technology ensures fast transaction processing without manual review delays; finally, the automatic generation of e-invoices simplifies the invoicing process, eliminating the need for traditional paper invoice printing and mailing.

The core value of iCALC Holding Limited's patent application lies in optimizing business data processing workflows and improving invoicing efficiency through blockchain technology. By recording key data on the blockchain, the method ensures data security and immutability, preventing data loss and manipulation. Simultaneously, the automated process design reduces manual operations, improving efficiency and lowering operational costs.

This technology has broad application prospects, applicable to various business scenarios requiring extensive invoicing, such as e-commerce platforms, supply chain management, and financial services. In these scenarios, efficient invoicing is crucial, directly impacting business operational efficiency and customer satisfaction. iCALC Holding Limited's patent application provides these industries with a new technological solution, potentially driving industry development and efficiency improvements.

Furthermore, a deeper understanding of the patent application's technical details, such as the specific blockchain algorithm, data encryption method, and security design, is needed for a comprehensive assessment of its technological advancement and practicality. However, based on the limited information provided in the patent abstract, the method demonstrates significant technological innovation and promises to become a major technological breakthrough in the future field of business data processing. The successful application of this technology will not only improve invoicing efficiency but also enhance the overall digitalization and management efficiency of the industry. We expect to see more blockchain-based business data processing solutions emerge in the future, driving the digital transformation of the commercial sector. iCALC Holding Limited's patent application is undoubtedly a significant milestone in this trend.