SYSTEM AND METHOD FOR MULTI-TIERED DISTRIBUTED NETWORK TRANSACTIONAL DATABASE
A multi-tiered blockchain database system which retains the desirable features of blockchain technology but reduces or eliminates its limitations. The system allows for a primary tier blockchain database that acts as a common linkage to a plurality of lower tier, regional databases with their own separate blockchains. Blockchains at the lower tiers may have a variety of improvements over existing blockchain technology for handling certain applications.
1 . A multi-tiered blockchain database system, comprising:
at least one primary tier blockchain database which acts as the highest tier database to which, and from which, entries in lower tier blockchains may be made, and into which valuations in other forms must be placed to be used in the system; and
at least one lower tier blockchain database, wherein:
the valuation associated with certain types of entries in the database is limited in size;
the number of entries in the active database is limited;
incentive for nodes to validate entries is based on a portion of the valuation associated with an entry or based on a transaction fee; and
the valuation associated with entries in the database cannot be transferred to a different blockchain database at the same or a lower tier without first transferring it to at least the next higher tier blockchain database; and
at least one gateway node between each lower tier blockchain database and the blockchain database at the next higher tier, which enforces the divisions between lower tier blockchain databases.
2 . The system of claim 1 , wherein the at least one lower tier blockchain database is restricted to a certain functional area.
3 . The system of claim 2 , wherein the entries in the blockchain database represent some valuation associated with that functional area and the valuation may be exchanged or traded for goods or services in that functional area.
4 . The system of claim 1 , wherein the at least one lower tier blockchain database is restricted to a certain geographical area.
5 . The system of claim 4 , wherein the entries in the blockchain database represent a cryptocurrency and the cryptocurrency may be exchanged or traded for goods and services in lieu of a real currency in the same geographical area.
6 . The system of claim 5 , wherein the cryptocurrency value is set at a fixed rate relative to a real currency in the same geographical area.
7 . The system of claim 4 , wherein at least one further lower tier blockchain database is established within the geographical area which is restricted to a certain functional area.
8 . The system of claim 7 , wherein the entries in the blockchain database represent some valuation associated with that functional area and the valuation may be exchanged or traded for goods or services in that functional area.
9 . A method for structuring a multi-tiered blockchain database system, comprising the steps of:
(a) creating at least one primary tier blockchain database which acts as the highest tier database to which, and from which, entries in lower tier blockchains may be made, and into which valuations in other forms must be placed to be used in the system;
(b) creating at least one lower tier blockchain database, wherein the valuation associated with certain types of entries in the database is limited in size, the number of entries in the active database is limited, incentive for nodes to validate entries is based on a portion of the valuation associated with an entry or a transaction fee, and the valuation associated with entries in the database cannot be transferred to a different blockchain database at the same or a lower tier without first transferring it to at least the next higher tier blockchain database; and
(c) establishing at least one gateway node between each lower tier blockchain database and the blockchain database at the next higher tier, which enforces the divisions between lower tier blockchain databases.
10 . The method of claim 9 , comprising the further step of restricting the at least one lower tier blockchain database to a certain functional area.
11 . The method of claim 10 , comprising the further step of using the entries in the blockchain database to represent some valuation associated with that functional area, which valuation may be exchanged or traded for goods or services in that functional area.
12 . The method of claim 9 , comprising the further step of restricting the at least one lower tier blockchain database to a certain geographical area.
13 . The method of claim 12 , comprising the further step of using the entries in the blockchain database to represent a cryptocurrency, which cryptocurrency may be exchanged or traded for goods and services in lieu of a real currency in the same geographical area.
14 . The method of claim 13 , comprising the further step of setting the cryptocurrency value at a fixed rate relative to a real currency in the same geographical area.
15 . The method of claim 12 , comprising the further step of establishing at least one further lower tier blockchain database within the geographical area which is restricted to a certain functional area.
16 . The method of claim 15 , comprising the further step of using the entries in the blockchain database to represent some valuation associated with that functional area, which valuation may be exchanged or traded for goods or services in that functional area.