WeBank Granted Patent for Blockchain Smart Contract Generation: Technological Strength Receives Further Recognition

WeBank Granted Patent for Blockchain Smart Contract Generation: Technological Strength Receives Further RecognitionOn March 25, 2025, the State Intellectual Property Office of China announced that WeBank (Shenzhen Qianhai WeBank Co., Ltd

WeBank Granted Patent for Blockchain Smart Contract Generation: Technological Strength Receives Further Recognition

On March 25, 2025, the State Intellectual Property Office of China announced that WeBank (Shenzhen Qianhai WeBank Co., Ltd.) was granted a patent for "A Method, Device, and Storage Medium for Generating Blockchain Smart Contracts," with authorization number CN112433710B. The patent application was filed in November 2020, marking a significant breakthrough for WeBank in the blockchain technology sector and further validating its technological prowess.

This patent holds significant importance for WeBank and the fintech industry as a whole. Smart contracts, a key application of blockchain technology, automate the execution of pre-defined contractual terms, enhancing transaction efficiency and security while reducing costs. WeBank's patent covers the generation method, device, and storage medium for smart contracts, signifying its ownership of independent intellectual property in this area and facilitating the application and development of smart contract technology.

Established in 2014 and headquartered in Shenzhen, WeBank is a primarily monetary financial services company. According to Tianyancha data, WeBank's registered capital is RMB 391.82 million, with paid-in capital of RMB 300 million. For years, WeBank has been committed to fintech innovation, actively exploring the applications of emerging technologies such as blockchain and artificial intelligence in finance. This patent authorization is a testament to WeBank's continuous investment in and innovation of fintech.

Beyond this latest blockchain patent, WeBank boasts a substantial intellectual property portfolio. Tianyancha data reveals WeBank's participation in 59 bidding projects, ownership of 787 trademarks, and a staggering 3,480 patents, along with 110 administrative licenses. This extensive IP portfolio showcases WeBank's robust technological strength and innovative capacity, providing a solid foundation for its sustained growth. This IP covers various aspects of fintech, including but not limited to payments, lending, and risk management, forming the core of WeBank's competitive advantage.

As a leading internet bank, WeBank consistently prioritizes technological innovation. This blockchain smart contract generation patent further exemplifies its increased R&D investment and exploration of cutting-edge fintech. This not only enhances WeBank's competitiveness in the fintech sector but also fuels its future development.

The patent authorization is not only an affirmation of WeBank's technological capabilities but also a significant contribution to the development of Chinese fintech. WeBank's continuous exploration and breakthroughs in blockchain technology will drive the digital transformation and upgrading of the financial industry, improving the efficiency and security of financial services and enhancing the user experience. We can expect WeBank to achieve further breakthroughs in blockchain and other fintech areas, contributing more to the development of China's financial industry.

This patent is not WeBank's first achievement in the blockchain field. For years, WeBank has actively participated in the research and application of blockchain technology, achieving a series of remarkable results. These achievements are reflected not only in the increasing number of patents but also in their practical application and promotion in business operations. WeBank will continue to uphold its spirit of technological innovation, aiming to create safer, more efficient, and convenient financial services and deliver greater value to its users.

WeBank's investment and achievements in technological innovation deserve to be studied and emulated by other financial institutions. In today's booming digital economy, technological innovation is crucial for maintaining competitiveness. WeBank's successful experience provides valuable reference for other financial institutions and impetus for the continued development of Chinese fintech. More financial institutions are expected to join the wave of technological innovation, jointly promoting the progress and development of China's financial industry.

In conclusion, WeBank's acquisition of the blockchain smart contract generation patent demonstrates its technological strength and represents a significant step forward for Chinese fintech. This marks WeBank's leading position in fintech and points towards new directions for future development. WeBank will continue to dedicate itself to technological innovation, contributing to the construction of a safer, more efficient, and convenient financial ecosystem.