Why Mastercard is ripping a page from Bitcoin’s book

ronjor · Jun 15, 2018

Luke Larsen @lalarsen11 6.15.18

“Every year, billions of dollars are stolen through identity theft and skimming credit cards,” said Arran Stewart, an expert on blockchain from Job.com, told Digital Trends. “Utilizing blockchain technology, Mastercard will be able to eradicate many of the fraudulent activities that happen through the abuse of their card services.”
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EASTER · Jun 15, 2018

Interesting article. Thanks for the link

ronjor · Jun 15, 2018

Sure thing.

ronjor · Jul 18, 2018

Applying for a patent – $15k, Mastercard patenting even more blockchain – priceless

By David Canellis
Mastercard have applied for a new blockchain patent. Yep – another one. Is there a limit to how many patents you can apply for in one year?
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ronjor · Oct 10, 2018

Mastercard granted patent for multicurrency blockchain

James Orme Wed 10 Oct 2018
Mastercard has been awarded a patent for a technique to split a blockchain so that multiple transaction formats and types can be stored on a single blockchain.
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guest · Dec 7, 2018

MasterCard wants to make electronic payments anonymous… with blockchain
December 7, 2018
https://thenextweb.com/hardfork/2018/12/07/mastercard-payments-anonymous-blockchain/

According to a recent patent application, the payment infrastructure provider wants to anonymize “electronic transactions via blockchain.”

Effectively, it works by providing a primary address for a transaction, this address then stores the transaction data including the amount and final destination address.
Meanwhile, a new transaction and digital signature is created, with a new private key. This new transaction is responsible for ensuring the funds reach the desired person.

As a result, when you receive funds the sender address will be associated with the MasterCard system, and not the identity of the sender.
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