A recent development in the financial and technological sectors has shed light on a groundbreaking patent application by Shenzhen Qianhai WeBank Co., Ltd., which aims to advance blockchain technology. Information sourced from the National Intellectual Property Administration on December 25, 2024, revealed that the company had filed for a patent titled “Node consensus method, device, equipment and medium in blockchain system.” The patent, bearing the publication number CN 119172383 A, was submitted in September 2024.
The details of the patent highlight an innovative approach to improving the efficiency of node consensus mechanisms within blockchain systems. The proposed method involves each node maintaining a local transaction linked list associated with every other node. Instead of requiring consensus on every individual transaction, this method packages multiple transactions from a transaction pool into batch packages. The selection process for these batch packages is determined after the voting information from nodes meets predefined criteria. This mechanism enables the system to pinpoint the most recent batch package, satisfying the voting requirements as the target batch package.
Using the target batch package as a focal point, the consensus master node consolidates only the relevant packages from the transaction linked lists into a consensus message package. By avoiding the inclusion of all transactions in this process, the method significantly enhances packaging efficiency. The consensus message package is then broadcasted to all consensus sub-nodes in the blockchain system. This enables the nodes to collectively agree on the target batch package of each transaction linked list within the consensus message package, eliminating the need for consensus on every individual transaction. As a result, the overall node consensus efficiency in the blockchain system is notably improved.
This innovative method offers a practical solution to one of the critical challenges in blockchain technology—scaling node consensus processes without compromising operational efficiency. By optimizing the way nodes interact and reach agreement on transactions, the system is expected to achieve faster and more streamlined operations. Such advancements have the potential to significantly benefit blockchain applications, particularly in areas requiring high transaction volumes and efficiency, such as financial services and supply chain management.
Shenzhen Qianhai WeBank Co., Ltd., recognized for its focus on technological innovation, continues to explore and develop solutions aimed at enhancing the capabilities of blockchain infrastructure. The filing of this patent underscores its commitment to pushing the boundaries of decentralized technology and contributing to the global evolution of blockchain systems. With this development, WeBank positions itself as a frontrunner in the pursuit of more efficient and scalable blockchain solutions, reinforcing its role as a key player in the industry’s future.
