Why Mastercard’s Multi-Blockchain Might Be a New Step In the Patent Race

On October 9, American financial services giant Mastercard (NYSE:MA) was granted a patent for a method to partition a blockchain so that it can store multiple transaction types and formats. The filing published by the U.S. Patent and Trademark Office (USPTO) reveals the details of the new system — not the first of the kind for Mastercard.

Simply put, different blockchains store their transactions in different blocks — say, Bitcoin (BTC) uses one kind of system to record data on its blockchain, while Ethereum (ETH) opts for alternative metrics.

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