Tianyi E-Commerce Patents Blockchain-Based Digital Asset Processing Method

Tianyi E-Commerce Patents Blockchain-Based Digital Asset Processing MethodApril 7, 2025, Financial World - According to information from the National Intellectual Property Administration, Tianyi E-Commerce Co., Ltd

Tianyi E-Commerce Patents Blockchain-Based Digital Asset Processing Method

April 7, 2025, Financial World - According to information from the National Intellectual Property Administration, Tianyi E-Commerce Co., Ltd. has applied for a patent titled "Digital Asset Processing Method and Electronic Device Based on Blockchain," with publication number CN119762227A and application date of December 2024. This move marks another significant exploration by Tianyi E-Commerce in the application of blockchain technology.

The core of this patent lies in proposing an innovative digital asset processing method, aimed at improving the efficiency of cross-payment institution digital asset processing and reducing transaction costs. According to the patent abstract, the method mainly involves the following key steps:

1. Receiving Payment Request: First, the system receives a payment request from a user's account through the blockchain network for a target transaction. The payment request clearly indicates the first amount of source digital assets required to pay for the target transaction, as well as the target transaction's destination as the server-side account of the target payment institution.

2. Currency Bridge Contract Exchange: Next, based on a currency bridge contract, the system exchanges the first amount of source digital assets for a second amount of target digital assets of equivalent value. It is important to note that the source digital assets and target digital assets are different types of digital assets, and the currency bridge contract predefines the exchange relationships between various types of digital assets.

3. Depositing into the Server-Side Account: Finally, the system deposits the second amount of target digital assets into the server-side account, completing the entire payment process.

This patent aims to address the pain points present in traditional digital asset processing methods. In related technologies, cross-payment institution digital asset processing often requires the intervention of third-party institutions, which not only increases transaction costs but also reduces transaction efficiency. Tianyi E-Commerce's patent, through the application of blockchain technology, is expected to break this bottleneck and achieve more efficient and convenient digital asset processing.

According to Tianyancha data, Tianyi E-Commerce Co., Ltd. was established in 2011, headquartered in Beijing, and specializes in software and information technology services. The company has a registered capital and paid-up capital of RMB 774,847,081, providing a solid foundation for its technological research and business expansion.

Through Big Data analysis from Tianyancha, we can further understand Tianyi E-Commerce Co., Ltd.'s business layout and technical strength. The company has invested in 11 external enterprises, participated in as many as 3641 bidding projects, owns 73 trademark information entries, and has as many as 1041 patent information entries. In addition, the enterprise owns 8 administrative licenses. These data fully demonstrate Tianyi E-Commerce's influence and competitiveness in the industry.

Tianyi E-Commerce Co., Ltd.'s blockchain-based digital asset processing method patent is undoubtedly an important innovation in the field of FinTech. The release of this patent will not only help enhance Tianyi E-Commerce's own competitiveness but will also bring new ideas and opportunities to the entire industry.

With the continuous development and application of blockchain technology, we can foresee that future financial services will be more efficient, transparent, and secure. Tianyi E-Commerce Co., Ltd., as a leading enterprise in the industry, will continue to leverage its technical advantages to contribute to the innovative development of FinTech.

Furthermore, Tianyi E-Commerce's continued investment and innovation in the digital asset field also reflect its keen insight into future financial development trends. As a new type of asset, digital assets are gradually receiving more and more attention. As an important underlying technology of digital assets, blockchain technology will also play an increasingly important role in the future financial system.

Tianyi E-Commerce Co., Ltd.'s patent is a positive response to this trend. By applying blockchain technology to digital asset processing, the company not only improves its own business capabilities but also sets a benchmark for the development of the entire industry.

Looking ahead, we have reason to believe that Tianyi E-Commerce Co., Ltd. will achieve greater success in the FinTech field. Its continuous innovation in blockchain technology will bring more possibilities to future financial services.

The detailed content of the patent, including its technical principles, implementation methods, and application scenarios, is worth further study and discussion. By interpreting the patent, we can better understand the application prospects of blockchain technology in the financial field, as well as the opportunities and challenges it may bring.

At the same time, we should also pay attention to Tianyi E-Commerce Co., Ltd.'s other innovative initiatives in the field of FinTech. The company's technology accumulation in payment, clearing, and risk control will bring more possibilities to future financial services.

In summary, Tianyi E-Commerce Co., Ltd.'s blockchain-based digital asset processing method patent is a significant breakthrough in the field of FinTech. The release of this patent will not only help enhance Tianyi E-Commerce's own competitiveness but will also bring new ideas and opportunities to the entire industry. With the continuous development and application of blockchain technology, we can foresee that future financial services will be more efficient, transparent, and secure. Tianyi E-Commerce Co., Ltd. will continue to leverage its technical advantages to contribute to the innovative development of FinTech.

It is worth mentioning that the "currency bridge contract" mentioned in the patent is a key concept. A currency bridge contract refers to a smart contract that predefines the exchange relationships between different types of digital assets. Through a currency bridge contract, users can easily exchange one digital asset for another, thereby achieving cross-chain payment and transactions.

The implementation of a currency bridge contract requires solving several technical challenges, such as the interoperability between different blockchains, the value anchoring of digital assets, and the security of transactions. The solution proposed by Tianyi E-Commerce Co., Ltd. in this patent undoubtedly provides new ideas for solving these problems.

In addition, the patent also involves the security of digital assets. The security of digital assets is an important guarantee for digital asset transactions. Tianyi E-Commerce Co., Ltd. adopts various security measures in this patent, such as encryption technology, identity authentication technology, and risk control technology, to ensure the security of digital assets.

The adoption of these security measures can not only protect the security of users' digital assets but also increase users' trust in digital asset transactions. With the popularization of digital asset transactions, the security of digital assets will become increasingly important.

Tianyi E-Commerce Co., Ltd.'s emphasis on the security of digital assets in this patent also reflects its deep understanding of future financial development trends. The company will continue to strengthen its technical research and development in digital asset security to provide users with more secure and reliable digital asset trading services.

In addition to technological innovation, Tianyi E-Commerce Co., Ltd. also emphasizes cooperation with partners. The company has established cooperative relationships with many banks, payment institutions, and blockchain technology companies to jointly promote the innovative development of FinTech.

Through cooperation with partners, Tianyi E-Commerce Co., Ltd. can better integrate resources and jointly address the challenges in FinTech development. The company will continue to strengthen cooperation with partners to jointly build a more complete FinTech ecosystem.

Tianyi E-Commerce Co., Ltd.'s blockchain-based digital asset processing method patent is not only a reflection of its technical strength but also its deep understanding of future financial development trends. The company will continue to leverage its technical advantages to contribute to the innovative development of FinTech.

In conclusion, Tianyi E-Commerce Co., Ltd.'s patent brings an important innovation to the field of digital asset processing. It not only solves the efficiency and cost problems of traditional methods, but also provides new possibilities for future financial service models. With the continuous maturity and application of blockchain technology, we can expect to see more similar technological innovations, jointly promoting the progress and development of the financial industry.

Source: Financial World

Author: Intelligence Officer