Zhongshu Zhi Chuang Technology Applies for Patent on Blockchain-Based Cross-Bank Re-factoring System for Digital Receivables, Enhancing Supply Chain Finance Efficiency and Security

Zhongshu Zhi Chuang Technology Applies for Patent on Blockchain-Based Cross-Bank Re-factoring System for Digital Receivables, Enhancing Supply Chain Finance Efficiency and SecurityOn January 28, 2025, the State Intellectual Property Office of China revealed that Zhongshu Zhi Chuang Technology Co., Ltd

Zhongshu Zhi Chuang Technology Applies for Patent on Blockchain-Based Cross-Bank Re-factoring System for Digital Receivables, Enhancing Supply Chain Finance Efficiency and Security

On January 28, 2025, the State Intellectual Property Office of China revealed that Zhongshu Zhi Chuang Technology Co., Ltd. applied for a patent titled "A Cross-Bank Re-factoring System and Method for Digital Receivable Assets Based on Blockchain," with publication number CN119359444A and application date in October 2024. This invention aims to revolutionize the supply chain finance sector by leveraging blockchain technology to enhance efficiency, security, and the accuracy of banking services.

The patent abstract details the system and method's operational mechanism. The system falls under the field of supply chain finance technology and centers on a blockchain-based supply chain finance platform. On this platform, buyers and sellers conduct transactions, and the resulting electronic receivables are managed and redeemed for payment of goods. The innovation lies in the introduction of blockchain technology to enable cross-bank re-factoring of electronic receivables. Traditional cross-bank re-factoring processes are complex and inefficient. This system, utilizing blockchain's distributed ledger technology, effectively addresses these issues.

Specifically, the patented blockchain-based cross-bank re-factoring method and system establish a novel business model, significantly improving financing efficiency. The peer-to-peer connection model inherent in the blockchain-based system revolutionizes data security and tamper-proofing. The transparency and immutability of information ensure the authenticity and reliability of transactions, mitigating risks associated with information asymmetry. This is significant for all parties involved in supply chain finance, especially banks and enterprises.

This patent technology allows banks to provide more precise services to the industry chain, significantly improving service efficiency and value. The integration of blockchain technology not only optimizes processes but also enhances data security and reduces risks associated with manual operations, thereby improving overall operational efficiency and risk management. This enables banks to better understand and grasp the flow of funds within the industry chain, thus providing more effective financial support.

Simultaneously, this patent technology offers numerous benefits to enterprises. Firstly, it reduces financing costs. Through an efficient cross-bank re-factoring mechanism, enterprises can obtain funds more quickly, improving capital turnover efficiency and reducing operational risks stemming from capital shortages. Secondly, it enhances financing convenience. Enterprises no longer face cumbersome cross-bank procedures and can access financing support more easily, allowing them to focus on core business development. Finally, it strengthens transaction security. The application of blockchain technology effectively prevents data tampering and information leakage, safeguarding the enterprise's financial security.

Zhongshu Zhi Chuang Technology Co., Ltd., the applicant, was established in 2018 and is registered in Shijiazhuang, Hebei Province. It primarily engages in software and information technology services. The company has a registered capital of 100 million RMB and a paid-in capital of 10 million RMB. According to Tianyancha data, Zhongshu Zhi Chuang Technology Co., Ltd. actively participates in market competition, having invested in 12 companies, participated in 110 bidding projects, and possesses 9 trademarks, 16 patents, and 3 administrative licenses. This information indicates the company's strong capabilities in technology research and development and market expansion, demonstrating considerable innovation capacity and market competitiveness. The application for the "Blockchain-Based Cross-Bank Re-factoring System and Method for Digital Receivables Assets" patent further highlights the company's exploration and innovation in supply chain finance technology.

This patent application is not only significant for Zhongshu Zhi Chuang Technology Co., Ltd.'s own development but also has a positive driving effect on the development of the entire supply chain finance industry. It represents a step forward towards the digitalization and intelligence of supply chain finance, promoting improvements in overall industry efficiency and security. In the future, as this technology matures and is further applied, it is expected to play a role in a wider range of supply chain finance scenarios, providing efficient, secure, and convenient financing services to more enterprises. It also provides a reference and guidance for other technology companies' technological innovation in the supply chain finance field. The application of blockchain technology in finance will continue to attract attention and is expected to lead to more innovative solutions.

The patent application by Zhongshu Zhi Chuang Technology Co., Ltd. is undoubtedly a major technological breakthrough in the field of supply chain finance. It successfully integrates blockchain technology with supply chain finance operations, effectively addressing the inefficiencies and security vulnerabilities inherent in traditional cross-bank re-factoring processes. The application of this technology will greatly promote the healthy development of supply chain finance, providing enterprises with more convenient, secure, and efficient financing services, thus promoting the vigorous development of the real economy. In the future, we have reason to believe that blockchain-based supply chain finance will be more widely applied and will have a profound impact on the entire financial industry. Zhongshu Zhi Chuang Technology Co., Ltd.'s innovative attempt sets a good example for the industry and provides new ideas and directions for the future development of supply chain finance technology. The successful application of this technology will strongly promote the digital transformation of the supply chain finance industry and contribute to China's high-quality economic development. It is worth looking forward to how this technology will be further improved and applied in the future, and its more specific and far-reaching impact on the industry. The continued investment and innovation of Zhongshu Zhi Chuang Technology Co., Ltd. in this field deserves attention and expectation.