Interbit is building a multi-chain structure that provides all the privacy and immutable benefits of blockchain technology while solving the inherent limitations of single chain systems that can become heavy and unable to segregate data.
Interbit is both multi-chain and virtualised, attributes drawn from proprietary technology including Hypervisor, Chainception and Hyperconvergence. This enables it to address GDPR or PIPEDIA (Canada) regulatory requirements and as well to meet the opportunities in the 5G and Edge computing markets
Chain joining is the protocol that allows Interbit blockchains to share information securely. By using cryptographic proofs to validate data and verify block lineage, independent Interbit blockchains can communicate, enabling Interbit’s unique multi-chain architecture.
Interbit runs in a virtual environment, known as a host blockchain or hypervisor. This accommodates the multi-chain architecture and makes Interbit applications agnostic to the underlying hardware, providing Interbit with its lightness and flexibility.
The host blockchain has access to system level functions of the underlying hardware. Using chain joining, Interbit applications can exchange instructions with the host, meaning they can instruct the host blockchains to perform system level functions. The hardware resources across the network can therefore be controlled by the application, making them software controlled, giving Interbit its hyperconvergence properties.
Chainception is the heart of multi-chain. It allows for the creation of new Interbit blockchains on demand, based on the structure of the business process, and recognises that data has a lifecycle – not all data should be kept forever, and some data must be deleted when required by law.
A side effect is an action in which the blockchain interacts with hardware such as input or output devices like keyboards, displays and network devices such as Wi-Fi accessibility.
The payload layer is a separate fabric for sending and storage of files whereby objects are not uploaded to the chain and instead the file path and a hash are stored. This allows users to access large objects without actually storing the objects themselves on chain.
Interbit’s architecture enables you to segregate data between blockchains, giving you absolute control over privacy and data protection, including the possibility of deletion – the “right to be forgotten”.
By dividing the network into many chains, Interbit segregates consensus and ordering operations, maintaining high performance as the network scales.