Lakala Applies for Patent on Digital Currency Data Encryption and Transmission, Enhancing Security and Efficiency

Lakala Applies for Patent on Digital Currency Data Encryption and Transmission, Enhancing Security and EfficiencyOn January 29, 2025, the State Intellectual Property Office of China revealed that Lakala Payment Co., Ltd

Lakala Applies for Patent on Digital Currency Data Encryption and Transmission, Enhancing Security and Efficiency

On January 29, 2025, the State Intellectual Property Office of China revealed that Lakala Payment Co., Ltd. ("Lakala") filed a patent application for a "Method, Apparatus, System, Device, and Medium for Digital Currency Data Encryption and Transmission," with publication number CN119363398A and an application date of October 2024. This patent's core innovation lies in enhancing the security and efficiency of digital currency data transmission through tiered encryption for different recipients, addressing security vulnerabilities and efficiency issues inherent in traditional encryption methods.

The patent abstract details the implementation. The system first acquires the digital currency data to be transmitted. Then, based on recipient information, it performs tiered encryption. Critically, the number of recipients can be one or more, and recipient information includes three key elements: recipient identification, required data, and encryption requirements. Encryption requirements are further divided into encryption level and algorithm, reflecting the technology's flexibility and precision.

After tiered encryption, the system generates tiered encryption information corresponding to the recipient identification. Finally, it sends this information and the encrypted data to the recipient(s). This cleverly avoids vulnerabilities in traditional methods where all recipients see all data, increasing the risk of sensitive information leakage. Lakala's patent, through tiered encryption, provides each recipient with only the necessary data, minimizing this risk.

Beyond security, this technology significantly improves efficiency. Precisely controlling data access reduces unnecessary transmission, saving time and improving overall efficiency. This is crucial for high-volume digital currency transactions, speeding up processing and enhancing user experience.

This patent will positively impact the digital currency field's security and efficiency. With the increasing prevalence of digital currency transactions, security and efficiency are paramount. Lakala's patent offers a significant breakthrough, providing robust security and improved efficiency.

Established in 2005 and based in Beijing, Lakala Payment Co., Ltd. primarily operates in the other financial services industry. According to Tianyancha, it has a registered capital of RMB 788,082,500 and a paid-in capital of RMB 360,000,000. Lakala actively expands its business and pursues technological innovation. Tianyancha data shows 54 external investments, participation in 175 bidding projects, 1313 trademarks, 174 patents, and 5 administrative licenses, demonstrating its strength and innovative momentum in fintech.

Lakala is committed to fintech innovation and exploring digital currency applications. This patent application is a significant achievement, reflecting its dedication to R&D. It provides strong technological support for Lakala's development and contributes to industry-wide improvements in security and efficiency.

The patent's innovation lies in its tiered encryption mechanism. This dynamically adjusts encryption strategies based on recipients and data needs, optimizing security and efficiency. This contrasts with traditional single-encryption methods, which struggle with complex scenarios. Lakalas technology comprehensively considers recipient information, precisely controlling access and preventing leakage while significantly improving efficiency.

As digital currency transactions grow, demands for security and efficiency will intensify. Lakala's patent, with its strong encryption and efficient data transmission, will play an increasingly important role. It provides secure solutions for financial institutions and a better user experience for digital currency users.

In conclusion, Lakala's patent represents a significant breakthrough in data security and efficiency within fintech. Its application will strengthen the security and development of digital currency, driving the industry towards greater safety and efficiency. Lakalas continuous innovation sets a positive example, fostering industry progress. Future innovations from Lakala will further solidify its leading position and lay a strong foundation for its future development. The successful patent application and its accumulated technological strength position Lakala favorably in the competitive market.