WeBank Files Patent for Innovative Blockchain Node Consensus Method

Shenzhen Qianhai WeBank Files Innovative Patent for Blockchain Node Consensus

The State Intellectual Property Office has disclosed that Shenzhen Qianhai WeBank Co., Ltd. has taken a significant step in the blockchain technology field by filing a patent application for a novel method, device, equipment, and medium associated with node consensus in blockchain systems. The patent, which bears the number CN 119172383 A, was submitted in September 2024, highlighting the company's commitment to advancing blockchain solutions.

Understanding the Patent Abstract

According to the abstract of the patent, the proposed method focuses on a blockchain system where each node retains a unique transaction chain list. This innovative approach allows for the efficient creation of a batch package based on the voting information of nodes that satisfy predetermined requirements from a prior batch package.

How It Works

The noteworthy feature of this method is its ability to enable the consensus main node to swiftly identify the last batch package that meets specific requirements. This is derived from the locally stored transaction chain lists of each node. In essence, only the target batch package is encapsulated within a consensus message package, which effectively negates the necessity to package every single transaction.

Benefits of the New Method

• Enhanced Packaging Efficiency: By focusing solely on the target batch package, the method significantly streamlines the packaging process.
• Faster Consensus Achievements: The consensus secondary nodes can reach agreement on the target batch package without deliberating on each transaction, speeding up the entire consensus process.
• Optimized Resource Utilization: Reducing the number of transactions packaged for consensus minimizes resource consumption across the blockchain network.

The Future of Blockchain Node Consensus

As blockchain technology continues to evolve, advances such as those proposed by Shenzhen Qianhai WeBank are vital for improving the overall efficiency of blockchain systems. This patent could redefine how node consensus operates, facilitating faster and more resource-efficient transaction processing.

Conclusion

The innovative patent filed by Shenzhen Qianhai WeBank signifies a progressive leap in the domain of blockchain technology, emphasizing the importance of continual development within this sector. Staying informed about such advancements is crucial for stakeholders in the technology and finance industries.