US Patent Issued to Mastercard International on Aug. 25 for "Method and system for blockchain-based cooperative society transactions" (Kenyan Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,719,698, issued on Aug. 25, was assigned to Mastercard International Inc. (Purchase, N.Y.).

"Method and system for blockchain-based cooperative society transactions" was invented by Ephraim Kimani Muhia (Kakuru, Kenya) and Zachariah Njoroge (Nairobi, Kenya).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for implementing a cooperative society through a blockchain with participation via computing devices includes: storing, in a blockchain node, a blockchain comprised of a plurality of blocks, each block including a block header and one or more blockchain data values, where at least one of the blockchain data values includes proposal data including...