Mastercard Files Patent to Speed Up Blockchain Node Activation

Mastercard Files Patent to Speed Up Blockchain Node Activation

MasterCard filed a patent as published on April 26 to the U.S. Patent and Trademark Office (USPTO) regarding a system that speeds up activation of new blockchain notes.

The patent outlines the current difficulty facing new blockchain nodes. A computer that’s connected to a blockchain network stores a copy of the blockchain. The system is then required to individually verify a massive amount of data in order to activate. New nodes must verify millions of transaction records (including older nodes), within a large number of different blocks, which generates a significant delay before each node can participate in a network.

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The patent filed by MasterCard proposes a solution to this issue with faster navigation. Fast track flags would be included within the block headers so that the new nodes can scan and verify each blockchain at an exponentially faster speed.

The patent also states that there would be use of software that specifically performs query, hashing, and signature operations which would greatly enhance the systems efficiency.

To date, MasterCard has reportedly filed over 30 patent related to blockchain technology as well as cryptocurrency.

They recently filed a patent for blockchain to store and verify their user identity. This would allow MasterCard to help prevent future security breaches and abuses.

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