A method for processing blockchain data is applied to a terminal device provided with a trusted execution environment and includes: acquiring, from a blockchain, data to be verified of a target service, the data to be verified including circulation data generated during execution of the target service and recorded in the blockchain; determining, based on the target service, a relevant third-party authority for verifying authenticity of the data to be verified, and acquiring benchmark circulation data generated during the execution of the target service and recorded in the third-party authority; transferring the data to be verified and the benchmark circulation data to the trusted execution environment through a first trusted application on the terminal device; and determining whether the data to be verified meets a verification rule, and outputting a verification result of the data to be verified.