Method and system for regulation of blockchain transactions

US12229752B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Donghao Huang · Singapore, SG
• Hancong Guan · Singapore, SG
• Srinath Ravinathan · Singapore, SG
• Mohammed Sadiq Ahmad · Dublin, US
• Rajasekaran Dhamodharan · Redwood City, US
• Steven Charles Davis · Saint Peters, US
• Rakesh Yadav · Cape Elizabeth, US
• Sébastien Le Callonnec · Greystones, IE
• David James Fleming · Wicklow, IE

Key dates

• Filing date: Apr 4, 2023
• Grant date: Feb 18, 2025
• Expiry date: Apr 4, 2043

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L2209/56
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for assisting wallet providers in regulatory compliance for blockchain transactions includes: receiving, by a receiver of a processing server, a new blockchain transaction from a first computing device, the new blockchain including at least a destination address associated with a blockchain wallet as a recipient for the new blockchain transaction; generating, by a processor of the processing server, a reference identifier for the new blockchain transaction; identifying, by the processor of the processing server, a profile for the blockchain wallet based on the destination address; transmitting, by a transmitter of the processing server, the reference identifier to the first computing device; and transmitting, by the transmitter of the processing server, a notification message to a second computing device, the notification message including at least the reference identifier and data associated with the blockchain wallet.