Patent SG-11201803731R-A (SG)
Title: Method and system for gross settlement by use of an opaque blockchain
Inventor: DAVIS STEVEN
IPC: H04L9/32
Filed: 2016-10-19
Abstract: INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property -' Organization International Bureau ires.. 00) (43) International Publication Date ..... ..sr ,„,„.1 1 June 2017 (01.06.2017) WIPO I PCT (10) WO International 111111111111311111111111111111111111111111111111111111111111111111111311111111111111111 2017/091305 Publication Al Number (51) International Patent Classification: (81) Designated G06Q 20/02 (2012.01) H04L 9/32 (2006.01) kind of national G06Q 20/38 (2012.01) AO, AT, AU, BZ, CA, CH, (21) International Application Number: DO, DZ, EC, PCT/US2016/057579 HN, HR, HU, (22) International Filing Date: KW, KZ, LA, 19 October 2016 (19.10.2016) MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, (25) Filing Language: English SC, SD, SE, (26) Publication Language: English TN, TR, TT, ZW. (30) Priority Data: 14/950,117 24 November 2015 (24.11.2015) US (84) Designated kind of regional (71) Applicant: MASTERCARD INTERNATIONAL IN- GM, KE, LR, CORPORATED [US/US]; 2000 Purchase Street, Pur- TZ, UG, ZM, chase, NY 10577 (US). TJ, TM), European (72) Inventor: DAVIS, Steven, Charles; 128 Glenallen Drive, DK, EE, ES, Saint Peters, MO 63376 (US). LV, MC, MK, SM, TR), OAPI (74) Agent: DOBBYN, Colm J.; Mastercard International In- GW, KM, ML, States (unless otherwise indicated, for every protection available): AE, AG, AL, AM, AZ, BA, BB, BG, BH, BN, BR, BW, BY, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, ID, IL, IN, IR, IS, JP, KE, KG, KN, KP, KR, LC, LK, LR, LS, LU, LY, MA, MD, ME, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, States (unless otherwise indicated, for every protection available): ARIPO (BW, GH, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, (AL, AT, BE, BG, CH, CY, CZ, DE, FL FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, MR, NE, SN, TD, TG). corporated, 2000 Purchase Street, Purchase, NY 10577 Published: (US). — with international 21(3)) search report (Art (54) Title: METHOD AND SYSTEM FOR GROSS SETTLEMENT BY USE OF AN OPAQUE BLOCKCHAIN 100 Issuer Processing 6lcckchain Server System Pr ,-- , 104 1 --- --'14 -,'-' 02 = ..: 1 A i I r 112 „----------- . ----- \ ''YC Pay ment \ Network 0S 10B -------. 0 / 11 / P Carc9 yment .4t Consumer hant in It FIG.1 M 1-1 01 (57) : A method for confirmation of an electronic transaction using a blockchain includes: receiving transaction data, the o ---. transaction data including a transaction amount and currency code; generating a transaction message foiinatted based on one or more I N standards including a first data element configured to store the transaction amount, a second data element configured to store the 1-1 c:::, currency code, and a third data element configured to store an invoice identifier; transmitting the transaction message to a fmancial ei institution via a payment network; receiving a return message from the fmancial institution via the payment network formatted based O on the one or more standards and including a data element configured to store the transaction amount, currency code, and invoice identifier; and generating a hash value based on application of hashing algorithms to the transaction amount, currency code, and in - voice identifier stored in the data element included in the received return message.