CryptoFuse had recognized the significant global issue that results from the lack of internet connection – and solved it. Our harmonized family of solutions perform offline ultra-secure data transfers, and online asynchronous ledger reconciliation, opening the potential for existing systems, and the increase to your bottom-line.
All point of sale systems and smartphones today require an internet connection at the time of transfer between two parties to ensure:
An example of the problem is with a traditional credit card: if a transaction is conducted when there is no internet connection due to an outage, the merchant may find that the card was not valid once internet connectivity is restored. In this case the merchant loses money.
Using a smartphone and a paired smart card updated to ByteBlock, you can enjoy pre-authorized secure data transfers for in-person transactions even when there is no internet connectivity at the time of transfer. Same goes for point of sale terminals that update to ByteBlock.
Cryptofuse uses the ByteBlock protocol and blockmesh technology to power its offline blockchain. Any time after an offline transaction is made, users can connect to the internet to reconcile their edits into the online ledger.