View source for Walmart apollo, llc (20240259209). NESTED BLOCKCHAIN SYSTEM simplified abstract

=NESTED BLOCKCHAIN SYSTEM=


==Organization Name==

[[:Category:walmart apollo, llc|walmart apollo, llc]]


[[Category:walmart apollo, llc]]

==Inventor(s)==

[[:Category:Christopher M. Johnson of Bentonville AR (US)|Christopher M. Johnson of Bentonville AR (US)]][[Category:Christopher M. Johnson of Bentonville AR (US)]]

==NESTED BLOCKCHAIN SYSTEM - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240259209 titled 'NESTED BLOCKCHAIN SYSTEM

The abstract describes a nested blockchain system with distributed nodes in a network. Each node generates a master cryptographically verifiable distributed ledger and spawns a sub ledger in response to events.

*Simplified Explanation: 
The patent application discusses a system where nodes in a network create secure ledgers and sub-ledgers in response to specific events.

*Key Features and Innovation:
- Utilizes distributed nodes in a network
- Generates master cryptographically verifiable ledger
- Spawns sub-ledgers in response to events
- Enhances security and verifiability of blockchain transactions

*Potential Applications:
- Financial transactions
- Supply chain management
- Healthcare records
- Voting systems
- Legal contracts

*Problems Solved:
- Ensures secure and verifiable transactions
- Improves transparency in blockchain networks
- Enhances data integrity and trustworthiness

*Benefits:
- Increased security
- Enhanced transparency
- Improved data integrity
- Trustworthy transactions

*Commercial Applications:
Title: Secure Blockchain System for Various Industries
This technology can be applied in finance, logistics, healthcare, government, and legal sectors to ensure secure and transparent transactions.

*Prior Art:
Readers can explore prior research on blockchain technology, distributed ledgers, and cryptographic verification to understand the background of this innovation.

*Frequently Updated Research:
Stay updated on the latest advancements in blockchain technology, distributed systems, and cryptographic protocols to enhance the efficiency and security of the nested blockchain system.

Questions about Nested Blockchain System:
1. How does the nested blockchain system improve the security of transactions?
2. What are the potential challenges in implementing a nested blockchain system in real-world applications?


==Original Abstract Submitted==

described in detail herein is a nested blockchain system. the nested blockchain system can include distributed nodes in a network. a node is configured to generate a master cryptographically verifiable distributed ledger represented by a sequence of blocks. the node spawns a first sub cryptographically verifiable ledger represented by a first genesis block containing a hash value referencing the first block generated in the master cryptographically verifiable ledger, in response to a first event. the node purges the first sub cryptographically verifiable ledger, in response to a second event.



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