Influential MASTERCARD INTERNATIONAL INCORPORATED Blockchain Patent – Method and system for providing validated, auditable, and immutable inputs to a smart contract – US10715331

U.S. Patent 10715331 was awarded to MASTERCARD INTERNATIONAL INCORPORATED on July 14, 2020 and is entitled “Method and system for providing validated, auditable, and immutable inputs to a smart contract.” The first named inventor is Steven Charles Davis of Saint Peters, MO. The abstract contains an overview of the patent disclosure:

The disclosure relates to posting auditable, immutable data to a blockchain. The method includes receiving a blockchain comprised of a plurality of blocks, each block having at least a block header and one or more transaction values, where each transaction value includes at least a transaction hash, and receiving a data file associated with a specific transaction hash included in a block in the blockchain, where the data file includes one or more variables. The method includes modifying at least one of the one or more variables included in the data file, generating a new hash value via application of one or more hashing algorithms to the modified data file, and generating a new transaction value based on at least the generated new hash value and the specific transaction hash. The method includes digitally signing the generated new transaction value, and electronically transmitting the signed new transaction value. Link to Full Patent

This blockchain patent was originally filed on December 28, 2016  as U.S. Patent Application 15/392108 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10715331. The assistant examiner was Sakinah White Taylor.

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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