Intellectual Property India Publishes Patent Application for Method And System Using Loyalty Coins As Digital Currency With Smart Contracts

MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202647126944 A) filed by Mastercard International Incorporated on October 24, 2026, for Method And System Using Loyalty Coins As Digital Currency With Smart Contracts.

Inventors include Mahajan, Mrinal; Majhi, Arnesh; Shamnani, Bharat; Naik, Himanshu; and Jain, Samta.

The application for the patent was published on October 30, 2026, under issue no. 44/2026.

Abstract: A method for implementing loyalty points as digital currency using blockchain includes: receiving first transaction data for a first transaction including a first recipient address associated with a blockchain wallet and a positive loyalty point amount; processing the received first tran...