WeBank Applies for Patent on "Data Processing Method, System, and Electronic Device" to Enhance Blockchain Data Reliability

WeBank Applies for Patent on "Data Processing Method, System, and Electronic Device" to Enhance Blockchain Data ReliabilityOn April 2, 2025, the State Intellectual Property Office of China revealed that WeBank (Shenzhen Qianhai WeBank Co., Ltd

WeBank Applies for Patent on "Data Processing Method, System, and Electronic Device" to Enhance Blockchain Data Reliability

On April 2, 2025, the State Intellectual Property Office of China revealed that WeBank (Shenzhen Qianhai WeBank Co., Ltd.) had applied for a patent entitled "A Data Processing Method, System, and Electronic Device," with publication number CN119740242A and an application date of November 2024. The core of this patented technology lies in enhancing the reliability of blockchain data processing. It cleverly combines blockchain technology with a pre-set proof algorithm, providing a novel solution for data security and verification.

The patent abstract details the working principle of the data processing method, system, and electronic device. First, the system generates a block proof corresponding to a new block based on the pre-set proof algorithm and new block information. This is similar to generating a unique "digital fingerprint" for each data transaction on the blockchain, ensuring its uniqueness and immutability. Next, upon receiving a data retrieval request, the system rigorously verifies the correctness of the block proof corresponding to the new block. Only after passing verification will the system extract the corresponding data transaction and target data.

Notably, this patented method doesn't solely rely on the blockchain's verification mechanism. It further utilizes the pre-set proof algorithm, the corresponding data transaction, and the target data to generate a "computation proof." This computation proof acts as an additional verification of the data processing, proving not only the authenticity and reliability of the data source but also the integrity of the computation process. Finally, the system sends both the computation proof and the target data to the data user. The data user can independently verify the correctness of the computation proof using the new block information and target data obtained from the blockchain. This dual verification mechanism effectively prevents any potential tampering or errors during data transmission and processing.

Through this innovative method, WeBank's patented technology guarantees the authenticity of the data source and the computation process while using blockchain data to verify its correctness, significantly improving the reliability of blockchain data processing. This is of significant importance to various industries that rely on blockchain technology for data storage, transmission, and processing. In finance, this can enhance transaction security and prevent fraud; in healthcare, it can protect patient privacy data, ensuring its integrity and accuracy; and in supply chain management, it can improve supply chain transparency and traceability, preventing counterfeit products.

Established in 2014 in Shenzhen, WeBank, primarily engaged in monetary financial services, boasts registered capital of RMB 391.82 million and paid-in capital of RMB 300 million. Over the years, WeBank has accumulated extensive fintech experience and consistently strives for innovation and development in the fintech field. Tianyancha data shows WeBank has participated in 59 bidding projects, holds 787 trademark registrations, 3506 patents, and 110 administrative licenses. This data showcases WeBank's strong capabilities and innovation in fintech, suggesting its continued leadership in this field.

This application for "A Data Processing Method, System, and Electronic Device" further demonstrates WeBank's deep accumulation and innovative exploration in blockchain technology applications. It not only provides an effective technical approach to improve blockchain data reliability but also offers valuable insights and reference for other financial institutions and enterprises. In the future, as the technology matures and application scenarios expand, this patented technology is expected to play a more significant role in broader fields, promoting data security and trust mechanisms and fostering the vigorous development of the digital economy.

WeBank's continuous attention and investment in blockchain technology research and application align perfectly with the national strategy of vigorously developing the digital economy. This patent application reflects WeBank's proactive response to the national call, promoting technological innovation, and contributing to the development of the digital economy. WeBank's innovation is not only reflected in its advanced technology but also in its high regard for data security and reliability. In the context of increasingly prominent data security concerns, WeBank's patented technology provides a new approach and solution to address data security and reliability issues, holding significant practical and long-term value. It can enhance data processing efficiency and security while promoting data sharing and interoperability, thereby promoting healthy digital economic development.

The innovation of this patented technology lies in its clever combination of blockchain technology and a pre-set proof algorithm, achieving dual verification of the data source and the computation process. This dual verification mechanism effectively prevents data tampering or errors during transmission and processing, ensuring data authenticity and reliability. Furthermore, this patented technology boasts excellent scalability and applicability, deployable across multiple sectors including finance, healthcare, and supply chain management, providing strong technological support for the digital transformation of various industries.

WeBank's continued innovation and breakthroughs in fintech have infused new vitality into the development of China's fintech industry. With the continuous improvement and application of this patented technology, WeBank will make even greater contributions to building a more secure, reliable, and efficient digital economic ecosystem. The successful application of this patent also demonstrates China's technological innovation strength in the fintech field, providing valuable reference for global fintech development. We believe that more fintech companies will join the wave of technological innovation in the future, jointly promoting the prosperity of China's fintech industry and contributing to a better digital future. WeBank's actions undoubtedly set a good example for the entire fintech industry, providing learning and reference experiences for other enterprises.

Through continuous innovation and development, WeBank will continue to play a leading role in the fintech field, contributing to the construction of a more secure, reliable, and efficient digital economic ecosystem. WeBank's successful experience is worthy of learning and reference for other fintech companies. We believe that China's fintech industry will have a brighter future. This patented technology not only has significant economic value but also significant social significance, as it will make positive contributions to ensuring data security and promoting the healthy development of the digital economy.