Qingdao Over-the-Counter Market Clearing Center Secures Blockchain Patent for Enhanced Financial Security

Qingdao Over-the-Counter Market Clearing Center Secures Blockchain Patent for Enhanced Financial SecurityOn January 25, 2025, the State Intellectual Property Office of China announced that Qingdao Over-the-Counter Market Clearing Center Co., Ltd

Qingdao Over-the-Counter Market Clearing Center Secures Blockchain Patent for Enhanced Financial Security

On January 25, 2025, the State Intellectual Property Office of China announced that Qingdao Over-the-Counter Market Clearing Center Co., Ltd. (hereinafter referred to as "Qingdao Clearing Center") received a patent for a "Financial Data Tracing Method and System Based on Blockchain and Identification Technology" (patent number CN119004552B), filed in October 2024. This achievement marks significant progress in Qingdao Clearing Center's application of blockchain technology to enhance financial data security and traceability, laying a solid foundation for its technological innovation and development in the financial sector.

Established in 2015 and headquartered in Qingdao, Shandong Province, Qingdao Clearing Center is a company primarily engaged in other financial services. Its registered capital and paid-in capital are both RMB 50 million. According to Tianyancha (a Chinese business information platform), the company is actively involved in the fintech sector, demonstrating strong innovative vitality and development potential.

The core of the patented technology lies in its proposed "Financial Data Tracing Method and System Based on Blockchain and Identification Technology." This system leverages the tamper-proof and transparent nature of blockchain technology, combined with identification technology to precisely label and track financial data. This effectively addresses the issues of complex data origins and susceptibility to tampering. The distributed storage and encryption technology of blockchain ensures data integrity and security, thereby improving the transparency and trustworthiness of financial transactions.

The application of this technology will have a profound impact on both Qingdao Clearing Center and the broader financial industry. Firstly, it will effectively reduce financial fraud and risk, enhancing the security of financial transactions. Complete data tracking allows for the rapid identification and tracing of irregularities, effectively preventing and combating financial crime. Secondly, it will improve the efficiency and transparency of financial supervision. Regulatory agencies can monitor financial data in real-time, promptly identifying and addressing risks to maintain market stability and healthy development. Furthermore, the technology can enhance the efficiency and convenience of financial services. Automated processing through blockchain technology reduces manual intervention, improving data processing efficiency and providing clients with more efficient and convenient services.

It's noteworthy that Qingdao Clearing Center doesn't rely solely on a single technology but actively explores and applies various advanced technologies to enhance its core competitiveness. Tianyancha data shows that the center has invested in one company, holds 25 patent information entries, and possesses 6 administrative licenses. This fully reflects the company's proactive nature in technological innovation and market development. This extensive patent portfolio and investment layout provide strong technological support and market guarantees for its future development, enabling it to maintain a leading position in the fiercely competitive financial market.

This blockchain patent represents another significant breakthrough for Qingdao Clearing Center in the fintech field, signaling its commitment to increased R&D investment and the exploration and application of more advanced technologies to contribute to China's fintech innovation. This achievement not only enhances the company's brand influence but also provides new technical approaches and development directions for the entire financial industry, driving it towards greater security, efficiency, and transparency. In the future, as the technology matures and its applications deepen, the financial data tracing method and system based on blockchain and identification technology will play an increasingly important role in building a more secure and reliable financial ecosystem. Qingdao Clearing Center's success also provides valuable experience and lessons for other financial institutions, encouraging more companies to explore fintech innovation and drive the digital transformation and upgrading of the financial industry. This proactive spirit of innovation and technological exploration will contribute to the stable development of the Chinese financial market and secure a more advantageous position in global financial competition. In conclusion, this patent exemplifies Qingdao Clearing Center's technological innovation capabilities and serves as a microcosm of China's fintech development, signaling a new stage for the Chinese financial industry in terms of technological innovation and security.