To enhance the reliability of traditional current protection systems in the evolving landscape of future power grids, this paper proposes a differential protection data synchronization approach that leverages satellite and 5G network timing. This method addresses the risk of inadvertent operation due to 5G communication jitter. It employs the BeiDou satellite system for synchronizing the timing of 5G base stations and terminals. This synchronization extends to the 5G terminal and the protection device, thereby mitigating time deviations caused by air interface delays and reducing the 5G network’s end-to-end delay by approximately 4 ms on average. A simulation was conducted to assess the reliability and effectiveness of the proposed method under normal satellite signal conditions. The results indicated a significant improvement in protection accuracy, with the method reducing the protection activation time by approximately 5–7 ms compared to the 5G timing data synchronization method. This advancement offers technical support for the safe and stable operation of new power systems.