China Construction Bank (CCB) Files Blockchain-Based Fee Payment Data Processing Patent to Enhance Financial Service Efficiency

China Construction Bank (CCB) Files Blockchain-Based Fee Payment Data Processing Patent to Enhance Financial Service EfficiencyFinancial News reported on January 31, 2025, that China Construction Bank Corporation (CCB) filed a patent application in September 2024 for a "Data Processing Method, Device, Equipment, Medium, and Program Product Based on Fee Payment," with the publication number CN119379293A. This patent aims to leverage blockchain technology to improve the efficiency and security of fee payment data processing, further optimizing CCB's financial services

China Construction Bank (CCB) Files Blockchain-Based Fee Payment Data Processing Patent to Enhance Financial Service Efficiency

Financial News reported on January 31, 2025, that China Construction Bank Corporation (CCB) filed a patent application in September 2024 for a "Data Processing Method, Device, Equipment, Medium, and Program Product Based on Fee Payment," with the publication number CN119379293A. This patent aims to leverage blockchain technology to improve the efficiency and security of fee payment data processing, further optimizing CCB's financial services.

The patent abstract reveals that this innovative technology provides a data processing method, device, equipment, medium, and program product based on fee payment, with core technology applications in the blockchain field. The workflow primarily involves these steps: First, the system receives fee payment requests for target projects from client devices and acquires the corresponding initial fee information. These requests are typically initiated by target users through the fee management interface on their client devices. Next, the system uses a preset smart contract to rigorously verify the initial fee information. Verified initial fee information is securely stored on the blockchain, ensuring data integrity and immutability.

Upon receiving a fee payment request for a target project, the system acquires the relevant target fee information and generates a target fee list. It's crucial to note that the target fee information is determined at the time of receiving the payment request. The system then precisely matches the initial fee information read from the blockchain with the target fee information to obtain a matching result. Only if the matching result is successful will the system proceed with subsequent payment operations. This process effectively guarantees the accuracy and security of the payment process, minimizing human error and fraud risks.

The core of this patented technology lies in utilizing the immutability and transparency of blockchain technology to ensure the authenticity and reliability of fee payment data. Automated verification through smart contracts significantly reduces the workload of manual audits, accelerating the fee payment process and improving service efficiency. The decentralized nature of blockchain technology also enhances system security, preventing data leakage and tampering, and protecting user interests.

As one of China's largest commercial banks, CCB consistently strives to utilize advanced technologies to improve service levels and refine its financial service system. This patent application fully reflects CCB's continuous investment and active exploration in technological innovation. The application of this patented technology is expected to further enhance CCB's competitiveness in payment settlement, providing customers with more convenient, secure, and efficient financial services.

According to Tianyancha data, CCB was established in 2004, with registered capital reaching RMB 250,010,977,486 and paid-in capital reaching RMB 19,423,025,000,000. Headquartered in Beijing, CCB primarily engages in monetary financial services. Leveraging its substantial capital strength and extensive influence, CCB actively participates in market competition and has achieved remarkable accomplishments. Tianyancha data shows that CCB has invested in 48 companies, participated in 5,000 bidding projects, holds 1,870 trademark registrations and 5,000 patent applications, and possesses 145 administrative licenses. This data fully demonstrates CCB's strong capabilities and wide-ranging influence in the financial sector, providing a solid foundation for its investment in technological innovation.

CCB's accumulation of intellectual property rights highlights its emphasis on and sustained investment in technological innovation. The substantial reserve of patent information indicates that CCB possesses a strong R&D team and technological capabilities, enabling continuous technological innovation and iteration to fuel its business development. The application of these patented technologies not only enhances CCB's core competitiveness but also promotes technological advancement in the entire financial industry. CCB's active participation in bidding projects reflects its market competitiveness and influence, providing a favorable market environment for the application and promotion of its new technologies.

The successful application and future implementation of this blockchain-based fee payment data processing patent technology will not only improve CCB's operational efficiency and security but also provide a valuable reference for other financial institutions. It showcases the immense application potential of blockchain technology in the financial sector, signaling a future of more convenient, secure, and efficient financial services. As a leading financial institution, CCB's exploration and practice in technological innovation play a crucial role in driving the development of the entire industry. In the future, with the continuous maturation of the technology and its deeper application, this technology is expected to be promoted and applied in wider fields, contributing to the construction of a more convenient and secure digital financial ecosystem. CCB's continuous investment and innovation provide strong support for the digital transformation of the Chinese financial industry.

CCB has always prioritized technological innovation and is committed to providing customers with superior services. This patent application is another significant step in its active exploration of financial technology. By continuously introducing and developing advanced technologies, CCB will continue to maintain its leading position in the financial industry and contribute to the development of the Chinese economy. The application of this technology will not only improve CCB's efficiency and security but also enhance customer satisfaction, ultimately achieving sustainable development of financial services. We believe that in the future, CCB will continue to play a leading role in financial technology, driving the digital transformation of the Chinese financial industry.

This patent application represents the culmination of CCB's years of continuous investment in technological research and development and innovation, reflecting its commitment to enhancing the efficiency and security of financial services. This is not only progress for CCB itself but also provides valuable experience and reference for the development of the entire financial industry. In the future, with the maturation and application of this technology, CCB is expected to achieve further breakthroughs in the financial field and contribute even more to socio-economic development. We believe that in its future development, CCB will continue to embrace technological innovation to provide customers with even better and more efficient financial services.