BlockMason,
Here is an article I found online that speaks of, what seems to be, MasterCard filing a patent to do the same thing the Credit Protocol seeks to do: https://earlyinvesting.com/big-banks-join-blockchain-revolution/
Excerpt:
Mastercard: Daily transactions are mounting, as are the challenges to capture, store and protect all the transactional data that credit card companies collect.
Mastercard is turning to the blockchain for a possible solution. It recently filed a patent for the creation of a blockchain-based “uniform settlement system.” Basically, Mastercard wants to create a ledger to store a verifiable and immutable record of data, such as purchase orders, invoices and transaction data.
Among other things, doing so would vastly enhance the security of the data it collects. This is no small thing in light of the massive Equifax breach.
[end excerpt]
A couple of questions:
1) Is what MasterCard doing essentially the same as what the Credit Protocol is doing in that they "...want to create a ledger to store a verifiable and immutable record of datas, such as purchase orders, invoices and transaction data"?
2) Were you aware that MasterCard filed such a patent?
Thanks for your time!
Here is an article I found online that speaks of, what seems to be, MasterCard filing a patent to do the same thing the Credit Protocol seeks to do: https://earlyinvesting.com/big-banks-join-blockchain-revolution/
Excerpt:
Mastercard: Daily transactions are mounting, as are the challenges to capture, store and protect all the transactional data that credit card companies collect.
Mastercard is turning to the blockchain for a possible solution. It recently filed a patent for the creation of a blockchain-based “uniform settlement system.” Basically, Mastercard wants to create a ledger to store a verifiable and immutable record of data, such as purchase orders, invoices and transaction data.
Among other things, doing so would vastly enhance the security of the data it collects. This is no small thing in light of the massive Equifax breach.
[end excerpt]
A couple of questions:
1) Is what MasterCard doing essentially the same as what the Credit Protocol is doing in that they "...want to create a ledger to store a verifiable and immutable record of datas, such as purchase orders, invoices and transaction data"?
2) Were you aware that MasterCard filed such a patent?
Thanks for your time!
Here is the link to the MasterCard patent filed in May of 2016: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=1&p=1&f=G&l=50&d=PG01&S1=20170323294.PGNR.&OS=dn/20170323294&RS=DN/20170323294
