System and method for providing nested blockchain

Abstract

A system and method for providing nested blockchain configured to process transactions is disclosed. The system comprises a computing device having a computer-readable medium and one or more processors coupled to the computer-readable medium to execute a set of instructions configured to process transactions at scale. The nested blockchain platform comprises one or more nodes to create concurrent blocks and maintain smaller chains, which nests the smaller chains together. The system processes the transactions at scale where nodes form autonomous groups and concurrently process transactions and form their own chains. The nested chain includes a linear data structure. Each block in the nested blockchain is structured in the form of hash of blocks, previous hash, and fire block hash. Further, the nested blockchain incorporates multiple linear chains in between the firechain depending on the requirement and transactional load on the network.

Dependencies are inferred from the claim text.