According to Odaily, Zhejiang Commercial Bank (601916) has been granted a new invention patent. The patent, titled 'Blockchain Cross-Chain Identity Authentication and Authority Control Method, Device, and Computer Equipment', carries the application number CN202011386552.2. The patent was authorized on June 28, 2024.
This new patent signifies a significant step forward in the bank's technological advancements. The 'Blockchain Cross-Chain Identity Authentication and Authority Control Method, Device, and Computer Equipment' patent will potentially allow for more secure and efficient transactions, enhancing the overall customer experience.
This development is part of a broader trend of financial institutions increasingly adopting blockchain technology to improve their services. The patent could potentially revolutionize the way transactions are conducted, providing a more secure and efficient method of identity authentication.
However, the specific details of how this patent will be implemented and the potential impact it could have on the bank's operations and services are yet to be disclosed. The bank's customers and stakeholders will undoubtedly be keen to learn more about this development in the coming months.