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This paper presents a new wavelet domain watermarking method, the carrier image using wavelet decomposition. After the Walsh transform low frequency wavelet coefficients, calculated by block adaptive embedding strength, modify the wavelet coefficients of each block, and then do singular value decomposition (SVD), repeat on embedded watermark in the singular value. Fractional part of the anti-transformed image is saved, correction of the watermarked image can be accurately extracted watermark. The experimental results demonstrate that the proposed algorithm can effectively resist cutting, scaling, translation and other geometric attacks, attacks in general are also robust.