PURCHASE, N.Y.—Mastercard has applied for patent protection for another blockchain innovation.
The patent request is for a platform that would allow anonymous blockchain transactions, using a somewhat familiar method, Coin Geek said.
“In what has been likened to a coin mixing or tumbling service, the patent application published by the U.S. Patent and Trademark Office describes a system for splitting payments into separate transactions through a processing server to increase the anonymity of payments,” explained Coin Geek.
According to the patent documentation, the Mastercard system would mean completely anonymous transaction data, Coin Geek said.