U.S. Patent 11210653 was awarded to MASTERCARD INTERNATIONAL INCORPORATED on December 28, 2021 and is entitled “Method and system for prevention of fraudulent gift cards via blockchain.” The first named inventor is Shuvam Sengupta of Haryana, . The abstract contains an overview of the patent disclosure:

A method for secure usage of a gift card via blockchain includes: storing a blockchain including a specific data value related to a gift card that includes a gift card number and a first recipient address; receiving a transfer request including the gift card number, a first digital signature, and a device identifier; verifying the first recipient address based on the first digital signature; generating a new data value comprising the gift card number, the device identifier, and a second recipient address; transmitting the generated new data value to a node associated with the blockchain; receiving a redemption request from a second computing system including the gift card number, a second digital signature, and a submitted device identifier; verifying the second recipient address and submit device identifier based on the second digital signature and the device identifier, respectively; and transmitting a result of the verification to the second computing system. Link to Full Patent

This blockchain patent was originally filed on October 26, 2017  as U.S. Patent Application 15/794322 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11210653. The assistant examiner was Ari Shahabi.

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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