- Patent Title: Method and system to delegate issuance capability to a third-party
-
Application No.: US18200143Application Date: 2023-05-22
-
Publication No.: US12073370B2Publication Date: 2024-08-27
- Inventor: Sébastien Le Callonnec , Rakesh Yadav , Sarala Buradagunta
- Applicant: Mastercard International Incorporated
- Applicant Address: US NY Purchase
- Assignee: MASTERCARD INTERNATIONAL INCORPORATED
- Current Assignee: MASTERCARD INTERNATIONAL INCORPORATED
- Current Assignee Address: US NY Purchase
- Agency: Panitch Schwarze Belisario & Nadel LLP
- Main IPC: G06Q20/02
- IPC: G06Q20/02 ; G06Q10/10 ; G06Q20/38 ; H04L9/40 ; G06Q20/06 ; G06Q20/40

Abstract:
Delegating issuance capability to a third-party of fungible digital assets involves a central (e.g., central bank) processor receiving a request to issue fungible digital assets from a third-party node; verifying the request; validating request to issue fungible digital assets from the third-party; approving or rejecting the request; if the request to issue fungible digital assets is approved, creating an issuance authorization message; executing a smart contract clause to add an entity of the third-party node to a list of authorized entities; publishing the issuance authorization message on a blockchain indicating that a third-party node has been added to the list of authorized entities; and publishing a revocation message on the blockchain revoking an authorization granted to the third-party node to issue digital assets.
Public/Granted literature
- US20230297975A1 METHOD AND SYSTEM TO DELEGATE ISSUANCE CAPABILITY TO A THIRD-PARTY Public/Granted day:2023-09-21
Information query