Bank of China Receives Patent for Blockchain-Based User Tag Sharing, Driving Fintech Innovation

Bank of China Receives Patent for Blockchain-Based User Tag Sharing, Driving Fintech InnovationOn February 19, 2025, the State Intellectual Property Office of China announced that Bank of China Co., Ltd

Bank of China Receives Patent for Blockchain-Based User Tag Sharing, Driving Fintech Innovation

On February 19, 2025, the State Intellectual Property Office of China announced that Bank of China Co., Ltd. (hereinafter referred to as "Bank of China") has been granted a patent for a "Method and Apparatus for Sharing User Tags Across Multiple Platforms and Scenarios in Banks Based on Blockchain," with authorization announcement number CN113240517B, and application date of June 2021. This patent authorization signifies Bank of China's continued exploration and innovation in the field of financial technology (Fintech), providing strong technological support for its digital transformation and service efficiency improvement.

The core of this patented technology lies in utilizing blockchain technology to enable the sharing of user tags across multiple platforms and scenarios within the bank. In traditional financial services, user information is often scattered across different platforms and systems, hindering efficient integration and utilization. The blockchain-based solution effectively addresses the data silo problem, enabling the secure, reliable, and transparent sharing of user information between different platforms. This not only improves the bank's internal data management efficiency and optimizes its risk control system, but also allows it to provide more personalized and precise financial services to its customers.

Established in 1983 and headquartered in Beijing, Bank of China is a state-owned commercial bank with registered capital of RMB 29,438,779.1241 million and paid-in capital of RMB 17,132,540.47 million. For many years, Bank of China has been committed to providing comprehensive financial services to its customers and actively promoting Fintech innovation to adapt to the ever-changing market environment and customer needs. Data analysis reveals that Bank of China's investment and layout in Fintech are already showing results. Tianyancha data shows that Bank of China has invested in 18 companies, participated in 5,000 bidding projects, holds 1,454 trademarks, 5,000 patents, and 252 administrative licenses. These figures demonstrate Bank of China's continuous increase in R&D investment, active expansion into new business areas, and ongoing enhancement of its core competitiveness.

This blockchain-based user tag sharing patent is a significant achievement for Bank of China in the Fintech field, reflecting its strength in technological innovation. This technology can be applied not only to optimize internal business processes but also to collaborations with other financial institutions and partners to build a more comprehensive financial ecosystem. For example, it can be used in precise marketing, risk assessment, and anti-fraud scenarios, providing customers with safer, more convenient, and efficient financial services.

In the future, as blockchain technology matures and develops, this patented technology is expected to be applied in a wider range of fields, further driving Fintech innovation. As a pioneer in Fintech, Bank of China will continue to play a leading role in technological innovation and industrial application, contributing to the construction of a more open, transparent, and efficient financial ecosystem. Its strong technological strength and continuous innovation capability enable it to maintain a leading position in the fiercely competitive financial market. This is not only beneficial to Bank of China's own development but will also have a positive impact on the entire financial industry, promoting the continuous progress of Chinese Fintech and ultimately benefiting consumers.

This patent authorization is just a glimpse of Bank of China's development in the Fintech field. In the future, Bank of China will continue to increase R&D investment, explore more innovative technologies, and promote the application and development of Fintech to create greater value for its customers. This reflects Bank of China's customer-centric approach and its commitment to continuously improving service quality, setting a good example for other financial institutions. Bank of China's continuous innovation will contribute to the digital transformation and international development of China's financial industry. Through continuous innovation and development, Bank of China will continue to consolidate its leading position in domestic and international financial markets.

Bank of China's patent is not only a testament to its technological strength but also a microcosm of the continuous innovation and development of China's financial industry, signifying that future Fintech will move towards a safer, more efficient, and convenient direction.