MASTERCARD INTERNATIONAL INCORPORATED (20250007729). METHOD AND SYSTEM FOR BLOCKCHAIN-BASED COOPERATIVE SOCIETY TRANSACTIONS
METHOD AND SYSTEM FOR BLOCKCHAIN-BASED COOPERATIVE SOCIETY TRANSACTIONS
Organization Name
MASTERCARD INTERNATIONAL INCORPORATED
Inventor(s)
Ephraim Kimani Muhia of Kakuru KE
Zachariah Njoroge of Nairobi KE
METHOD AND SYSTEM FOR BLOCKCHAIN-BASED COOPERATIVE SOCIETY TRANSACTIONS
This abstract first appeared for US patent application 20250007729 titled 'METHOD AND SYSTEM FOR BLOCKCHAIN-BASED COOPERATIVE SOCIETY TRANSACTIONS
Original Abstract Submitted
a method for implementing a cooperative society through a blockchain with participation via computing devices includes: storing, in a blockchain node, a blockchain comprised of a plurality of blocks, each block including a block header and one or more blockchain data values, where at least one of the blockchain data values includes proposal data including at least a proposal identifier; receiving a vote message from each of a plurality of registered computing devices including the proposal identifier and an affirmative or negative vote; determining a proposal result based on a number of affirmative votes being above a predetermined threshold; generating a new block including a new block header and at least one new blockchain data value, the at least one new blockchain data value including the proposal result; and performing one or more actions based on data included in the proposal data.
