Visa prepares services using Blockchain

 One of the world’s largest credit card issuers may be seeking to exploit blockchain’s capabilities as a way to facilitate digital asset transfers, according to patent filing records.

A patent application published last week reveals that Visa employees and the B2B (business-to-business) divisions have issued a statement entitled “Methods and System for Using Digital Signatures and Creating Trusted Digital Asset Services.”

However, the request itself does not delve into many details. The proposal is described as applicable to both public and private blockchain and suggests that the system be used to send and receive assets.

“Digital assets associated with a transfer of value may be digitally signed by a sending entity and / or an administrative entity. The sender’s signature may indicate that the digital material has been legitimately sent by the sender indicated and the signature of the administrator may indicate that the transfer was approved and / or registered by the administrator. The realization of a digital signature may indicate that the asset has been transferred and that the value can not be resumed.”

If Visa plans to launch a technology-based digital asset service it remains a mystery, but the credit card giant has already built services based on Blockchain’s payment technology and is currently working with Startup Chain to Build a B2B platform that will be launched this year.