US Patent Issued to MasterCard International on July 1 for "Method and system for control of PII through limiting transfers on blockchain" (Indian Inventors)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,885, issued on July 1, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system for control of PII through limiting transfers on blockchain" was invented by Ankur Arora (New Delhi), Jaipal Singh Kumawat (Rajasthan, India) and Chandan Garg (Haryana, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for delivering encrypted data through a blockchain with limited transferability includes: receiving, by a receiver of a blockchain node, a transfer submission including at least a transfer token, a recipient address, and an encrypted data message; determining, by a processor of the blockchain node, a number of past tran...