Mastercard Neden Sürekli Blockchain Patenti Alıyor? | Kripto Kılavuz
Connect with us

News

Why Does Mastercard Receive Patent Blockchain?

According to a recent report, Mastercard filed more patent applications than any US firm in 2017. The news came at the same time as EU regulators imposed a fine of $ 650 million on the grounds of restricting competition to the card provider.

This situation brings different scenarios to mind. Can Mastercard focus on their blockchain chain?

In a survey by UHY Hacker Young, a UK-based accounting and business provider group, it was found that Mastercard filed more blockchain patents than any other US company in the World Intellectual Property Organization.

At the national level, the US was second only to China in the number of patents sent to WIPO. The organization received a total of 305 patents in 2017 regarding the blockchain; More than half of them were presented by companies in G7 countries. In total, US firms filed 92 global patents, corresponding to 30% of the total for that year, while Chinese firms made 99 applications.

Master-Chain Is Coming?

UHY Hacker Young, Mastercard has not much detail about the blockchain plans, but one of the new patents to exchange offline blockchain said.

The Blockchain Library website, which was last updated in November 2017, listed eleven blockchains sent to WIPO in 2017 by Mastercard. This includes the offline blockchain exchange by UHY Hacker Young, as well as a blockchain transaction and a new way to verify the digital signature.

This move to the Blockchain field came at the same time as the payment processor was fined 650 million dollars by European regulators on the grounds of anti-competitive practices. The Mastercard card was punished for artificially increasing its payment costs.

Although the EU countries have different payment fees, Mastercard has asked for a change fee for sellers who want to move to member countries with lower wages. The EU Competition Commission said that this event would take away the rights of vendors and banks to seek lower wages and prevent competition.

Mastercard stated that the fine imposed by the EU Competition Commission was related to uygulam historic practices ve and ilgili Mastercard does not require any changes to existing business practices Mast.

There are over 700 million Mastercard users all over the world. The company achieved a very successful momentum in the old banking, but the number of patents offered also shows that the company is ready for a future on the blockchain.

Source: cryptobriefing

 

Advertisement
Click to comment

Leave a Reply

Your email address will be published. Required fields are marked *

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Continue Reading

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Continue Reading

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph

Continue Reading
Advertisement

Current Chart

Click for More

Don't forget to follow us on Twitter

Popular Topics

Don`t copy text!
en_USEnglish