ivault's Blockchain Ecosystem

ivault’s ecosystem is designed to support a dual blockchain model. There’s a dedicated blockchain for the ivault app and a token on public networks.

THE ivault CHAIN

Coreledger SparkNet

The ivault Chain is based on CoreLedger SparkNet, an independent blockchain that runs on Ethereum technology.

Algorithm

Proof-of-Authority (POA)

Capacity

10-20 transactions per second

Scalability

1,000 transactions per second

Block time

5 seconds per new block

Public read

Anyone can read transactions recorded on the blockchain using the block explorer.

Key Functions Of The ivault™️ Chain

Private Seal

Only permissioned addresses can validate transactions and create new blocks.

Key Functions Of The ivault™️ Chain

Immutable records

The ivault Chain acts as a distributed ledger. It creates an immutable track record of all transactions and activities on the blockchain. No one can hack or manipulate the data.

Protected user data

Sensitive information about items, transactions, and other data is encrypted and stored securely on the blockchain, safeguarding user privacy.

Secure transactions

All transactions on the blockchain are recorded with a time stamp and cannot be manipulated by anyone. Everyone has a transparent record of their payments.

Genuine user reviews

No more fake feedback. ivault’s rating system is anchored to verified transactions recorded on the blockchain so that you can always trust their authenticity.

Seamless experiences

Smart contracts enable securely automated escrow services and transactions, e.g., releasing funds after renters return items.

Operating System

Coreledger TEOS

ivault uses the CoreLedger TEOS operating system to unlock the key features of blockchain technology. By using existing components, we can radically cut development and go-to-market time.

Documented Proof

Generating forge-proof records on the blockchain.

Tokenization & Accounting

Managing how ivault tokens are minted, burned, and transferred – including ECO points.

Governance & Compliance

Overseeing token circulation within the ivault app.

Value Conversion

Smoothing the path between reward points and the ivault token.

Need more info?

Read more about ivault’s Blockchain Ecosystem in our white paper: