Mastercard receives patent for an IOTA-based billing system
The European Patent Office has recently granted a patent to Mastercard for a billing system based on IOTA's Tangle. The patent application, titled "Method and System for Device Micropayment Aggregation based on Tangle Network," was submitted by the payments platform back in February 2019.
Mastercard's patented method includes an approach for billing device usage using a transparent storage system. For instance, the approach could be used for devices like computer printers, 3D printers or photocopiers.
The billing system software are created on the basis of multifunctional database management systems. The most commonly used DBMS are Oracle, Informix and Sybase. The last two are designed to work with large amounts of information and can be taken as the basis for a BS for transnational mobile operators. The most popular telecom operators are CBOSS, BIS, Bill-2000-prepaid, Flagship and Arbor.