U.S. Patent 9870562 was awarded to MASTERCARD INTERNATIONAL INCORPORATED on January 16, 2018 and is entitled “Method and system for integration of market exchange and issuer processing for blockchain-based transactions.” The first named inventor is Steven Charles Davis of Saint Peters, MO. The abstract contains an overview of the patent disclosure:

A method for authorization of a blockchain transaction includes: storing account profiles, each profile including an account identifier, fiat amount, and blockchain amount; receiving a transaction message, the transaction message being formatted based on transaction message standards and including a first data element that includes a specific account identifier and a second data element reserved for private use that includes a network identifier and transaction amount; identifying a specific account profile that includes the specific account identifier; identifying a risk value based on the transaction amount and at least one of: the fiat amount and blockchain amount; determining authorization of a transaction based on the identified risk value; modifying the transaction message based on the authorization determination; and transmitting the modified transaction message. Link to Full Patent

This blockchain patent was originally filed on May 21, 2015  as U.S. Patent Application 14/719010 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 9870562. The primary examiner was Robert R Niquette.

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 18 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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