Videos

Recommended

Popular Tags

Translates

MasterCard files for blockchain patents

The U.S. Patent and Trademark Office have published details of four patent applications of MasterCard Corporation, based on the blockchain technology.

According to published documents, MasterCard Corporation plans to use blockchain technology when making payments and transactions. This shows that MasterCard is considering the integration of digital currency in its infrastructure.

ʺThe use of traditional payment networks and systems in combination with digital currency based on the blockchain technology may give consumers and businessmen additional benefit, while providing a high level of protection against fraud and identity fraud,ʺ one of the applications says.

 

6601748_mastercard-filed-patent-that-would-include_5f12e4f5_m

It is noted that MasterCard Labs made a website for developers publicly available and connected three APIs, which were focused on smart-contracts and solutions in the field of payments.

According to the MasterCard Blockchain Head Justin Pinkham, this platform was launched in September in order to attract banks and payment solution developers.

Source: forklog.com

  • December 2, 2016 4:57 PM MSK
  • 0 comments
  • 10,188 views
0 comments