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 determine an amount owed or an amount due for each of the plurality of entities; determining a minimum amount of transactions for settlement among the plurality of entities based on the determined amounts owed or due; generating a list of net settlement transactions of the determined minimum amount, each net settlement transaction including an amount, payer, and payee based on the determined amounts owed or due for each entity; and transmitting the generated list of net settlement transactions to a blockchain node in a blockchain network for inclusion in a new blockchain data entry added to a blockchain associated with the blockchain network.
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