US Patent Issued to MasterCard International on Sept. 30 for "Method and system for authorization and settlement in blockchain transactions" (Indian Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,430,645, issued on Sept. 30, was assigned to MasterCard International Inc. (Purchase, N.Y.).

"Method and system for authorization and settlement in blockchain transactions" was invented by Sidharth Goel (Kotkapura, India), Ankur Sarwate (New Delhi), Ayushi Jain (Jabalpur, India) and Chandan Garg (Haryana, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for expedited inclusion of pre-authorized blockchain transactions in new blocks. A blockchain node will utilize a traditional pending transaction pool of unconfirmed transactions, but will also utilize a new transaction pool that is comprised of pending blockchain transactions that have bee...