Walmart apollo, llc (20240259209). NESTED BLOCKCHAIN SYSTEM simplified abstract
Contents
NESTED BLOCKCHAIN SYSTEM
Organization Name
Inventor(s)
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.
