Global: MasterCard Looks to Blockchain Technology to Authenticate Coupons


MasterCard has filed a new patent that can authenticate coupons via blockchain technology. The financial services giant is looking to reduce risks concerning data manipulation when it comes to systems that store coupon data. According to the patent titled “Method and System for Authentication of Coupons via Blockchain,” the patent explored the “authentication of coupons using a blockchain, specifically the storage of coupon data in a blockchain to ensure redemption only by authorized individuals and immutability of coupon data.”

via flickr

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