Wupo Digital Technology Applies for Patent on Blockchain-Based Bankruptcy Information Management Method and System

Wupo Digital Technology Applies for Patent on Blockchain-Based Bankruptcy Information Management Method and SystemOn January 29, 2025, the State Intellectual Property Office of China revealed that Wupo Digital Technology (Hangzhou) Group Co., Ltd

Wupo Digital Technology Applies for Patent on Blockchain-Based Bankruptcy Information Management Method and System

On January 29, 2025, the State Intellectual Property Office of China revealed that Wupo Digital Technology (Hangzhou) Group Co., Ltd. filed a patent application for a "Blockchain-based Bankruptcy Information Management Method and System," with publication number CN119363346A and an application date of October 2024. This patent application marks a significant step forward in leveraging blockchain technology to enhance the efficiency and security of bankruptcy information management.

The core of this patented technology lies in its innovative blockchain-based bankruptcy information management method and system, designed to address numerous issues inherent in traditional bankruptcy information management, such as information security, data integrity, and low efficiency.

The patent abstract details the specific operational workflow of the method and system. First, the system collects all relevant information during the bankruptcy management process and encrypts this information multiple times to ensure confidentiality. This multi-layered encryption mechanism serves as the first line of defense against data breaches and tampering. The encrypted bankruptcy management information is then packaged and uploaded to the blockchain, utilizing a sharding mechanism to store different data types in separate blockchain shards. This sharding strategy significantly improves system processing efficiency and scalability, preventing overload on any single node and enhancing overall system stability and reliability.

To further enhance security and reliability, the patent technology employs a dynamic consensus algorithm. Unlike static consensus node weight allocation, this algorithm dynamically adjusts the weight of each node based on actual conditions, ensuring fairness and efficiency in the consensus process. Within each shard, the system uses the dynamic consensus algorithm to verify transactions, ensuring the validity and authenticity of all transactions. This dynamic adjustment mechanism effectively addresses network changes and attacks, improving the system's resistance to attacks and fault tolerance, guaranteeing stable operation.

Importantly, the patented technology innovatively uses a wave function to construct the hash chain and conduct further verification. A wave function is a novel function whose characteristics provide higher security than traditional hash functions, effectively preventing data tampering or forgery. By combining the wave function with blockchain technology, the patent achieves effective protection and management of bankruptcy information, ensuring data integrity and authenticity.

In summary, the patented technology, through multi-layered encryption, sharding storage, a dynamic consensus algorithm, and a wave function hash chain, effectively enhances system performance and data tamper-proofing capabilities. This not only ensures the rights and interests of all parties involved but also guarantees the integrity and reliability of bankruptcy information, providing a more secure, efficient, and transparent solution for bankruptcy management.

Wupo Digital Technology (Hangzhou) Group Co., Ltd., established in 2021, has a registered capital of RMB 10,101,010 and a paid-in capital of RMB 3,076,010. The company primarily engages in software and information technology services, covering multiple fields. According to Tianyancha big data analysis, the company has invested in 5 enterprises, holds 52 trademark registrations, and 2 patent registrations, demonstrating its proactive approach and strength in technological innovation and business expansion.

This "Blockchain-based Bankruptcy Information Management Method and System" patent application represents another significant breakthrough for Wupo Digital Technology in technological innovation, showcasing its deep accumulation and technical strength in blockchain technology applications. This technology is expected to play a crucial role in driving the digital transformation of bankruptcy information management, improving efficiency and security. As the technology matures and improves, it is expected to find wider applications across various industries, providing more efficient and secure information management solutions. This will not only improve efficiency and reduce management costs but also enhance information transparency, thereby promoting a fair and just market environment. The application prospects of this technology are promising.

This patent application from Wupo Digital Technology (Hangzhou) Group Co., Ltd. undoubtedly brings new ideas and methods to the field of bankruptcy information management. It not only enhances information security and management efficiency but also provides crucial technological support for building a more transparent and equitable bankruptcy management system. By applying blockchain technology to bankruptcy information management, Wupo Digital Technology (Hangzhou) Group Co., Ltd. effectively solves many problems inherent in traditional methods, providing a safer, more reliable, and more efficient solution for future bankruptcy information management. As the technology continues to develop and improve, it is expected to have a far-reaching impact on the bankruptcy management field.

The application of this technology not only enhances the security of bankruptcy information but also improves information processing efficiency, reduces manual intervention, lowers bankruptcy management costs, and ultimately promotes market fairness and efficiency. Furthermore, this technology can provide data support for relevant government departments and institutions, helping them better formulate policies, improve laws and regulations, and enhance regulatory effectiveness. This will help maintain socioeconomic order and protect the rights and interests of all parties. The innovation of Wupo Digital Technology (Hangzhou) Group Co., Ltd. provides a powerful impetus for the digital transformation of China's bankruptcy information management field. It is foreseeable that this technology will have a profound impact on future bankruptcy management. Its application and promotion will help build a more standardized, transparent, and efficient bankruptcy management system, which will be of significant importance to the healthy development of the Chinese economy.