Mastercard Wins Patent to Anonymize Transactions Via Blockchain

Blockchain | Crypto News | Latest News

Mastercard, the financial services giant, was granted several new patent approvals this week regarding implementation of several blockchain technologies into their existing network.

One particular patent has raised many eyebrows as it outlines a system where anonymous transactions are facilitated over a blockchain network. The company first applied for this patent back in December 2016.

MasterCard plans to utilize this technology without the use of crypto privacy coins (Monero or Zcash). Their proposed system relies on a third party processing server which would maintain a database of unique entity profiles. Each profile would include a string of secret data along with identifying information.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

After receiving transaction details, the processing server would create two hash values. The first hash value would include transaction details. The second hash value would combine the first hash with the secret value from the entity profile.

The resulting has hash value can then be published to a blockchain ledger in order to validate the integrity of the transactions without revealing specific details.

As reported by CCJ, MasterCard has also won a variety of different blockchain patents over the last several weeks.

THE COMPLETE IDIOTS GUIDE TO MARGIN TRADING ON BITMEX - Beginner Strategies for Generating Consistent Profits with Margin Trading on Bitmex

TOP 3 BITCOIN CASINO & SPORTSBETTING SITES OF 2018 - Looking to Have a Little Fun with Your Crypto? Check Out the Latest & Most Innovative Crypto Gaming & Sportsbetting Sites on the Web

Back in May, the company was awarded a patent to manage coupon authentication via blockchain to cut down on coupon fraud. Another patent granted this month, aims to increase the efficiency of travel itinerary bidding along with lowering prices.

Leave a Comment

Latest Crypto News

Google Unbans Crypto Ads, Will Work With Regulated Firms

Google, the $828 billion search engine behemoth, has unbanned crypto-related ads, allowing regulated companies to utilize its platform to advertise their products. In March, Google executive Scott Spencer stated that cryptocurrency investments have potential to cause harm

Gemini-Receives-Bitlicense-Which-Allows-Business-to-Operate-in-new-york

Cryptocurrency Exchange Gemini Eyes UK Expansion

Gemini, the U.S. cryptocurrency exchange founded by bitcoin billionaires Cameron and Tyler Winklevoss, is rumored to be eyeing an expansion into the United Kingdom. Gemini Plots Transatlantic Expansion Citing two sources close to the process,

Ripple Donates $2 Million to University of Texas to Fund Blockchain Initiative Program

What Pushed Ripple up 100% in a Week

In a supernormal rally that almost lost ethereum its silver spot, ripple (XRP) gained about 100 percent in a week. The maximum difference in XRP’s market cap between the week’s lowest and highest level turned

Coinbase Now Has Its Own Political Action Committee

Coinbase Firmly Denies Accusation of Proprietary Trading

Cryptocurrency exchange operator Coinbase has denied that it engages in proprietary trading and that these activities account for a large percentage of the firm’s overall trading volume. Yesterday an investigation into cryptocurrency exchange policies and

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$6,388.79
-3.81%
2
Ethereum
Ethereum
$210.00
-10.72%
3
XRP
XRP
$0.4473
-14.52%
4
Bitcoin Cash
Bitcoin Cash
$428.81
-8.84%
7
Litecoin
Litecoin
$56.034
-4.56%
9
Cardano
Cardano
$0.076469
-10.70%
6
Stellar
Stellar
$0.2382
-10.77%
14
NEO
NEO
$17.424
-8.03%
5
EOS
EOS
$5.323
-7.56%
12
IOTA
IOTA
$0.5357
-6.47%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK