Mastercard may be looking to integrate blockchain into its payments infrastructure.

The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a "uniform settlement system" – one that would help ease some of the friction involved with business-to-business payments. Specific issues cited in the application include growing data storage demands and the overall volume of transactions.

Notably, Mastercard suggests in the text that such a system could include a blockchain-based ledger of transactions.

CoinDesk Mastercard

Mastercard Hints at Plans for Blockchain Settlement System – CoinDesk
coindesk.com
A new patent application from Mastercard indicates that the payments giant may be looking to integrate blockchain into its payments infrastructure.

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Mastercard may be looking to integrate blockchain into…

Mastercard may be looking to integrate blockchain into its payments infrastructure.

The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a "uniform settlement system" – one that would help ease some of the friction involved with business-to-business payments. Specific issues cited in the application include growing data storage demands and the overall volume of transactions.

Notably, Mastercard suggests in the text that such a system could include a blockchain-based ledger of transactions.

CoinDesk Mastercard

Mastercard Hints at Plans for Blockchain Settlement System – CoinDesk
coindesk.com
A new patent application from Mastercard indicates that the payments giant may be looking to integrate blockchain into its payments infrastructure.

 Bitcoin
 Posted on Facebook
 Blogged by Blo.gl
 Indexed in Google
 

FOR FACEBOOK BLOGGING MAGIC CLICK HERE:
http://blogl.me/spiderg

roygbiv1949

Little known jack of all trades.

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