Immublock is an independent, immutable, self-verifying data block.
Immublock is a technological solution because:
Algorithms and transactions are processed with real-time finality.
Ciphertext is downloadable for personal storage and restoration.
Illegal content can be removed.
Archiving of obsolete Immublock data (like transactions older than 10 years) not required can be deleted from storage because the data can be restored if necessary from downloaded ciphertext.
No chain or mining needed.
Immublock is unique because technology turns data into an unchangeable, solitary data block that users may download or have emailed to them for backup and personal storage.
Immublock can function on centralized or distributed, append-only or append-able storage systems.
Potential indications of use for Immublocks:
virtual currencies,
cryptocurrency,
stablecoins,
international currencies,
continental currencies,
Central Bank Digital Currencies,
remittance,
fiat bank applications,
supply chains,
file upload - authentic verification,
digital certificates - authentic verification,
text encryptions - authentic verification,
smart contracts,
ransomware recovery,
DeFi,
IoT,
Hyperledger-like technology, etc.
An Immublock may be stored in the form of a ledger that facilitates the process of recording transactions and tracking assets.
The Immublock ledger exhibits transparent information on a shared public network basis with near real-time finality.
Each Immublock contains data about the transaction.
Users can download their Immublocks for personal storage and backup.
Immublock solves some of blockchain’s misfortunes:
Data content such as "under-age child pornography", "links to child pornography" and the "right to be forgotten" is difficult to remove from the blockchain and all network nodes because the blockchain is immutable and data cannot be removed from the blockchain.
The ever-growing interlinked data chain.
Blockchain ciphertext is not available for downloads, personal storage, viewing, restoration, deletion and archiving.
Wallet-to-wallet transfers are one side of a digital economy. The other side of a digital economy is the ability for businesses to take payments online. There is an e-commerce payment gateway solution that allows businesses to accept wallet-to-wallet payments online. Businesses can add a merchant feature to a wallet, integrate the payment gateway into their application and accept payments online for direct wallet-to-wallet payment processing.