Invention Grant
- Patent Title: Method and system for offline blockchain exchanges
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Application No.: US15041519Application Date: 2016-02-11
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Publication No.: US11354658B2Publication Date: 2022-06-07
- Inventor: Garry Lyons , Steven Charles Davis
- Applicant: MasterCard International Incorporated
- Applicant Address: US NY Purchase
- Assignee: MasterCard International Incorporated
- Current Assignee: MasterCard International Incorporated
- Current Assignee Address: US NY Purchase
- Agency: Buchanan Ingersoll & Rooney PC
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06F16/23 ; G07F7/12 ; G06Q20/40 ; G06Q20/34 ; G06Q20/06 ; G06Q20/20 ; H04L9/32 ; G06Q20/10

Abstract:
A method for conducting an offline data exchange associated with a blockchain includes: storing a structured data set associated with a blockchain network, the data set including a network identifier, unspent output hash, output index, output value, and key pair; receiving the network identifier and a transaction amount from a point of sale; validating the structured data set as including the network identifier and an output value greater than or equal to the transaction amount; transmitting the unspent output hash and output index to the point of sale; receiving a destination address from the point of sale; generating transaction data including the destination address and a payment amount based on the transaction amount; and transmitting the transaction data to the point of sale.
Public/Granted literature
- US20170236121A1 METHOD AND SYSTEM FOR OFFLINE BLOCKCHAIN EXCHANGES Public/Granted day:2017-08-17
Information query