- Patent Title: Method and system for using recycling to improve blockchain mining
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Application No.: US16290331Application Date: 2019-03-01
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Publication No.: US11556948B2Publication Date: 2023-01-17
- Inventor: Chandan Garg , Shubham Kumar , Abhinav Thukral , Madhavi Sharma
- 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: Panitch Schwarze Belisario & Nadel LLP
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q20/36 ; G06F16/2458

Abstract:
A method for awarding blockchain mining fees based on recycling efforts includes: receiving recycling data for each of a plurality of mining systems including an amount of recycled materials associated with the respective mining system; receiving validation data for each mining system from third party entities including, for each mining system, a confirmation of the amount of recycled materials for the respective recycling data; selecting one of the mining systems, which is weighted based on the amount of recycled materials for the respective mining system compared to a total amount of recycled materials for all mining systems; and receiving a new block generated by the selected mining system including a block header and a plurality of blockchain data values including a blockchain data value corresponding to a blockchain transaction for payment of mining fees for the new block to a wallet associated with the selected mining system.
Public/Granted literature
- US20200279284A1 METHOD AND SYSTEM FOR USING RECYCLING TO IMPROVE BLOCKCHAIN MINING Public/Granted day:2020-09-03
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