U.S. Patent 11138572 was awarded to MASTERCARD INTERNATIONAL INCORPORATED on October 05, 2021 and is entitled “Method and system for dispute resolution in a public blockchain.” The first named inventor is Peter Groarke of Dublin, . The abstract contains an overview of the patent disclosure:

A method for dispute resolution for a blockchain transaction includes: receiving a dispute request from a first computing device including a blockchain transaction identifier and a reason code; identifying a blockchain data value included in a blockchain that includes the blockchain transaction identifier, a merchant blockchain address, and a currency amount; determining eligibility of the blockchain data value for reversal based on application of one or more reversal rules to at least one of: transaction data included in the blockchain data value or external data identified from the transaction data included in the blockchain data value; performing a dispute resolution process for the blockchain data value that includes receiving a merchant digital signature from a second computing device; and transmitting the merchant digital signature and the currency amount to a node in the blockchain network associated with the blockchain. Link to Full Patent

This blockchain patent was originally filed on September 26, 2018  as U.S. Patent Application 16/142216 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11138572. The primary examiner was Dante Ravetti.

MASTERCARD INTERNATIONAL INCORPORATED, who is the original assignee of this patent, has at least 1445 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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