U.S. Patent 11132704 was awarded to MASTERCARD INTERNATIONAL INCORPORATED on September 28, 2021 and is entitled “Method and system for electronic vouchers via blockchain.” The first named inventor is Navneet Kumar of Benares, . The abstract contains an overview of the patent disclosure:

A method for redemption of an electronic voucher via blockchain includes: storing transaction data for a proposed payment transaction comprising a transaction amount; receiving an electronic voucher and a blockchain transaction identifier from a computing device, the voucher including payment credentials associated with a transaction account; receiving blockchain data associated with a blockchain including a transaction data value corresponding to the blockchain transaction identifier including a redemption amount; validating eligibility of the electronic voucher based on a comparison of the transaction data value to the stored transaction data; updating the stored transaction data based on the transaction data value, including updating the transaction amount based on the redemption amount; and transmitting the updated transaction data and the payment credentials included in the electronic voucher to a third party system. Link to Full Patent

This blockchain patent was originally filed on July 06, 2017  as U.S. Patent Application 15/642814 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11132704. The primary examiner was William J Jacob.

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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