Mastercard Wins Blockchain Patent, Hiring Blockchain Specialists

[kreslik.news]

Mastercard, an American multinational financial corporation, has won its third patent for a slightly altered version of a blockchain system.

Multiple transaction formats

The latest patent is dated 9 October. It is titled “Method and system for partitioned blockchains and enhanced privacy for permissioned blockchains”.

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The patent describes the operation of a blockchain capable of “storing multiple transaction formats”. It says that this is necessary because blockchains demand that all transactions be of a similar format and even size, which limits utility.

It wants to achieve this by allowing blocks to receive data from “a plurality of ... (read more)