Tencent WeBank (WeBank) leads the global banking industry in banking technology invention patents. The company applied for 632 patents in 2019, surpassing China's ICBC, U.S. , JPMorgan Chase and Bank of America. The number of patents ranks first in the banking industry .
WeBank applied for most of the patents focused on ABCD technology (AI artificial intelligence, Blockchain, Cloud Computing, Big Data). According to a report released on April 24, WeBank ranked third in the world in terms of number of blockchain patents, and became the only bank in the top ten in 2019, second only to non-banking giant Alibaba. and Tencent.
As China moves towards the dominance of the blockchain, the number of patents filed by WeBank is increasing, indicating that the banking giant is serious about enhancing its financial technology capabilities of. WeBank is determined to provide developers with open source financial technology and create a collaborative local and global ecosystem.
WeBank Blockchain Patent Application Number
WeBank One of the most interesting fintech patents is CN110188112,This is a unique device and method for tracking the change records of blockchain smart contracts. According to the technical solution, this method allows all parties to quickly and effectively track and obtain the change records of the smart contract while maintaining the authenticity of the information stored in the smart contract.
WeBank announced an open source financial technology strategy aimed at promoting cooperation among developers around the world. So far, it has launched dozens of successful open source projects, such as FATE (Federated AI Technology Enabler), FISCO BCOS (a consortium chain platform built with the FISCO open source taskforce team) and the open source big data platform suite WeDataSphere.
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