Mastercard Files Patent for Increasing Anonymity of Blockchain Transactions


Mastercard has filed a patent that aims to anonymize transactions on a blockchain, rather than just the user behind any individual wallet.

Mastercard has filed a patent for a method of anonymizing transactions on a blockchain, according to an application published by the United States Patent and Trademark Office (USPTO) Dec. 9.

The filing outlines that “the use of one or more intermediary addresses to obscure the source and destination of funds in a blockchain transaction” can be used in order to “increase anonymity of entities associated with blockchain addresses.” The proposed technical solution would entail a series of “anonymization request[s]” designed to anonymize the transactions themselves, rather than just the user behind any individual wallet.

This would “result in showing the user only transferring funds to and receiving funds from a small number of addresses that are also involved in a…



Read Full Story : Cointelegraph.com News

2018-12-07 12:13:00

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