Mastercard opens access to its blockchain tech

“Mastercard has opened its blockchain technology up to developers, allowing financial institutions and merchants on a selective basis to start testing their own blockchain-based solutions.

The payments giant said it both tested and validated its blockchain, and has prepared it initially for the business-to-business (B2B) space to address challenges of speed, transparency, and costs in cross-border payments. (…)

The Mastercard blockchain is a permissioned blockchain, which will allow participants to maintain the distributed ledger without sacrificing scalability or performance, Sota explains in the video. He said it is based on an opaque ledger, which means the details of the transaction can only be seen by those who are participating on that transaction. (…)”

Read full article here: ZDNet http://ow.ly/62D730g3Jgn

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