Patent SG-11201803751V-A (SG)
Title: Method and system for use of a blockchain in a transaction processing network
Inventor: KENNEDY DENNIS
IPC: G06Q20/06
Filed: 2016-11-02
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property -' Organization International Bureau (43) International Publication Date .... ..sr ,„„..) 11 May 2017(11.05.2017) WIPO I PCT (10) WO International 111111111111311111111111111111111111111111111111111111111111111111111111111111111111111111 2017/079214 Publication Al Number (51) International Patent Classification: AO, AT, AU, AZ, BA, G06Q 20/06 (2012.01) BZ, CA, CH, CL, CN, DO, DZ, EC, EE, EG, (21) International Application Number: HN, HR, HU, ID, IL, PCT/US2016/060012 KW, KZ, LA, LC, LK, (22) International Filing Date: MG, MK, MN, MW, 2 November 2016 (02.11.2016) OM, PA, PE, PG, PH, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, (25) Filing Language: English TN, TR, TT, TZ, UA, (26) Publication Language: English ZW. (30) Priority Data: (84) Designated States (unless 14/933,506 5 November 2015 (05.11.2015) US kind of regional protection GM, KE, LR, LS, MW, (71) Applicant: MASTERCARD INTERNATIONAL IN- TZ, UG, ZM, ZW), Eurasian CORPORATED [US/US]; 2000 Purchase Street, Pur- TJ, TM), European (AL, chase, NY 10577 (US). DK, EE, ES, FI, FR, (72) Inventor: KENNEDY, Dennis, M.; 1276 Bridle Road, St. LV, MC, MK, MT, NL, Louis, MO 63119 (US). SM, TR), OAPI (BF, GW, KM, ML, MR, NE, (74) Agent: DOBBYN, Colm, J ; Mastercard International In- Published: corporated, 2000 Purchase Street, Purchase, NY 10577 BB, BG, BH, BN, BR, BW, BY, CO, CR, CU, CZ, DE, DJ, DK, DM, ES, FI, GB, GD, GE, GH, GM, GT, IN, IR, IS, JP, KE, KG, KN, KP, KR, LR, LS, LU, LY, MA, MD, ME, MX, MY, MZ, NA, NG, NI, NO, NZ, PL, PT, QA, RO, RS, RU, RW, SA, UG, US, UZ, VC, VN, ZA, ZM, otherwise indicated, for every available): ARIPO (BW, GH, MZ, NA, RW, SD, SL, ST, SZ, (AM, AZ, BY, KG, KZ, RU, AT, BE, BG, CH, CY, CZ, DE, GB, GR, HR, HU, IE, IS, IT, LT, LU, NO, PL, PT, RO, RS, SE, SI, SK, BJ, CF, CG, CI, CM, GA, GN, GQ, SN, TD, TG). (US). — with international search report (Art 21(3)) (81) Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, (54) Title: METHOD AND SYSTEM FOR USE OF A BLOCKCHAIN IN A TRANSACTION PROCESSING NETWORK 100 Transaction Processing Device; .- , , r . , 108a ,- ,„ 110b ......._ ,-- 110a = = r ..) . 114 1 Issuer Jr i Issuer Bic n NeEwor4 Payment 104 p / Network 112 108b .weilw , 102 106 —1 M a l = 11 FinanciN Processing. Transaction ADpli at Institutim- Server Processing it Device 11 el FIG. 1 CT\ It\" - - 0 ----. (57) : A method for validating electronic transactions using a private blockchain includes: storing a blockchain, wherein the Ir --- blockchain is a distributed database that includes a plurality of data records, each being associated with a processed transaction; re - I-1 c:::, ceiving a transaction message, the transaction message including a message type indicator and a plurality of data elements, each con - N figured to store a transaction data value; generating a data record, the data record including the message type indicator and one or Q more transaction data values; updating the blockchain to include the generated data record; electronically transmitting the received transaction message to a payment network for processing; and electronically transmitting the updated blockchain to a plurality of transaction processing devices for validation.