Method And System For Facilitating Trustless Payment Transactions Using Smart Contracts

Abstract: A method for processing a trustless blockchain transfer via a card payment network includes: storing, in a blockchain associated with a blockchain network, a smart contract configured to control an amount of blockchain currency in the blockchain; receiving, by a blockchain node in the blockchain network, an authorization request message from a first computing system, where the blockchain nodes submits the authorization request message as input to the smart contract; receiving, by a blockchain node, an authorization response message from a second computing system, where the blockchain nodes submits the authorization response message as input to the smart contract; and executing, by a blockchain node, the smart contract in the blockchain causing the smart contract to (i) verify the authorization request message and authorization response message, and (ii) transfer at least a portion of the amount of blockchain currency to a predetermined blockchain address.

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