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Mastercard blockchain patent suggests they prefer a private blockchain option, not a public one.

It was recently made public that Mastercard applied for a blockchain patent that would allow for the protection or verification of identities using blockchain technology. You can read the application here if you like. However, the most important part I picked out was that Mastercard described the project as a private, or semi-private blockchain.

The reason I believe this is important is because recently I wrote an article that stated most businesses will be using private blockchains, and not public blockchains with tokens that are traded on an open market.

There is really no use for a company to adopt a decentralized approach unless their very business is based on being decentralized. And virtually every current business is centralized, and they make their money by being centralized. There is no way they will adopt any decentralized solution. And the fact that the Mastercard patent states they are interested in a private blockchain shows this is the case. Mastercard has no intention, like most businesses, of using any existing decentralized solutions with a public token.

This is important because not all blockchain adoption means you as an investor can make money. A private blockchain, such as those proposed by Mastercard is what most businesses will end up using. They will not use an existing public blockchain created by a dev team that uses a public token and a public blockchain.

So as an investor, your best long term investments are going to be in the currency coins, or in the projects which are solely based on being decentralized. Any project that offers a decentralized solution to a centralized business will not succeed, as the company they are trying to help will simply make their own private blockchain, as Mastercard is doing. Mastercard is not going to use Civic or another public solution for identity verification, they will simply make their own private identity verification blockchain and only allow a certain number of users to add information to the blockchain.

Overall, this has been my thinking for some time, but the recent patent by Mastercard mostly confirms my theories that existing businesses will be interested in private blockchains that they run and control, not public blockchains with a token that is traded on an exchange.

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