U.S. Patent 10713677 was awarded to MASTERCARD ASIA/PACIFIC PTE. LTD. on July 14, 2020 and is entitled “Method and system for social savings platform via blockchain.” The first named inventor is Maissoun Abou Hamra of South Brisbane, . The abstract contains an overview of the patent disclosure:

A method for social saving via blockchain includes: storing blockchain data for a blockchain, each block including at least a block header and blockchain data values associated with each of a plurality of social saving communities including, for each community, account identifiers associated with a plurality of transaction accounts issued by a plurality of issuing institutions; receiving a transaction notification for each account for each community, the notification including the account identifier, a transaction amount, and a confirmation of payment from the issuing institution; updating the blockchain to include, for each transaction, a new blockchain data value that includes the account identifier, transaction amount, and a community identifier; identifying a single account for each community; and initiating payment of a reward amount to the account for each community, wherein the reward amount is based on a sum of amounts received for the respective community. Link to Full Patent

This blockchain patent was originally filed on December 13, 2017  as U.S. Patent Application 15/840167 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10713677. The primary examiner was Marilyn G Macasiano.

MASTERCARD ASIA/PACIFIC PTE. LTD., who is the original assignee of this patent, has at least 33 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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