Mastercard to Patent Thirty Blockchain Solutions

February 15, 2018

Head of the Russian branch of a financial services corporation Mastercard Alexey Malinovsky said that Mastercard will patent the rights for 30 developments based on the distributed ledger technology. The company believes that blockchain technology will help it in proceeding of payment.

Malinovsky said:

"We are interested in blockchain technology and are closely monitoring developments in this industry. Mastercard intends to use distributed ledgers in 30 of its projects and has already applied for patents."

Company's developers have already got the access to two Mastercard APIs, Blockchain Core API and Smart Contracts API, which enable the use of distributed ledger technology and smart contracts. 

It is worthy to note, that Mastercard not only develops its own blockchain solutions, but also invests in blockchain startups.

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