MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202647126942 A) filed by Mastercard International Incorporated on October 24, 2026, for Method And System Of Simplified Settlement Between Issuers Using Blockchain Technology.
Inventors include Bagul, Prathamesh, Bhagwan; Ghadiyaram, Uday, Kiran; and Kadge, Vaibhav.
The application for the patent was published on October 30, 2026, under issue no. 44/2026.
Abstract: A method for performing simplified net settlement among entities facilitated by blockchain includes: receiving a plurality of settlement transactions including an amount, payer, payee, where each payer and payee are one of a plurality of entities; processing the settlement transactions to ...