The present invention is blockchain technology that uses a static cryptocurrency to process transactions initiated on a customized exchange existing on a distributed ledger with automated settlement through Unified Payment Interface for immediate and secure payment processing.
BACKGROUND OF INVENTION:
The blockchain technology works on blockchain systems in which the history of data deposits, messages, or transactions are created and stored as blocks. These blocks contain the exact information without no manual interference and remain integrated with the help of various algorithms; thus creating a chain of information containing boxes. This data or information stored in these blocks cannot be altered or rectified retroactively without causing alterations in the subsequent blocks and in turn massively affecting the network majority. This technology can function as a virtual ledger made of distinctive algorithms which can record and store the transactions between two parties in a verifiable and permanent way. Once this ledger is made, it can be coded and programmed to trigger transactions automatically.
The main hindrance that causes any security breach in a virtual financial transaction between the parties, is the intermediaries. With the help of Blockhain's decentralized, open & cryptographic nature the users trust each other and transact peer to peer which brings unprecedented security benefits. The security breaches caused due to hacking attacks on the systems of the intermediaries like banks become impracticable on account of the blockchain technology and its complex algorithms.
The applications of the blockchain technology are decentralized and cryptographic. The algorithms and coding of this technology is very uncommon and unique which cannot be compared with a simple technology of digital currencies and online money transfers. Blockchain technology not only deals with online financial transactions, but can also be used for electronic voting, smart contracts & digitally recorded property assets, patient health records management and proof of ownership for digital content. Blockchain can be used to replace intermediaries in

industries that are susceptible to security threats, including banking, finance, academia, real estate, insurance, legal, health care and the public sector—amongst many others.
The blockchain technology has not been evolved for transferring funds using cryptocurrency. There are several bugs and discrepancies that hinder the smooth functioning of the blockchain systems during money transfers. The major problem in implementation and usage of such technology is the lack of awareness and technological knowledge in Banks and because of this they cannot keep in pace with the web of global regulations. Due to the hierarchical approval system in any bank, it is very intricate to bring in new technological reforms and getting budget to expand a technology program.
The blockchains are secure when they are on a distributed network with sufficiently restrictive rules for creating valid blocks and any unauthorized changes to the data stored in them will render them unsecure. This makes blockchains particularly useful for recording and facilitating financial transactions via cryptocurrency and smart contracts. However, the limited knowledge about the technology, the complicated process of using it and the time and energy required to complete a transaction creates hurdles in implementation and extended usage of the blockchain technology in Public fund movement.
Using the blockchain algorithms via smart contracts, various other condition based fund movements can be included in the building of a flow.
Things like fund utilisation, budgetary restrictions, time based reclaiming of unused funds, can all be accomplished using smart contracts in a decentralised and automatic way without the need for human intervention.
Therefore, there is a need in the art for a technology and coding that allows for an easy and fast movement of public fund by using a stable cryptocurrency via decentralized exchange on smart contract enabled blockchains.
DETAILED DESCRIPTION OF INVENTION:
Accordingly, it is an object of the present invention to provide a technology that uses a static cryptocurrency to process transactions initiated on a customized exchange existing on a

distributed ledger with automated settlement through Unified Payment Interface for immediate and secure payment processing.
In an embodiment of the present invention, smart contracts can be used for various other, condition-based fund movements that can be included in the building of such a flow; the technology creates immutable and permanent records of any transfer of information between the payer and payee, stored in ledgers on a distributed network of ledgers.
In another embodiment of the present invention, the technology uses an encrypted digital currency as the unit of legal tenders to facilitate monetary transaction between entities inside the network.
In yet another embodiment of the present invention, the technology allows the transfer protocol to be inherently private whereby the inimitable algorithm permits participation only via correct permissions by giving authorization to the blocks of the blockchains to own, read, generate and record transactions. With this technology the cryptocurrency maps in a static ratio with only one currency which means that the cryptocurrency does not connect with other currencies simultaneously. The rate of exchange of the cryptocurrency remains static in the blockchain's network thus preventing the fluctuations thereby avoiding exchange risks.
Further in an embodiment of the present invention, the technology generates a set of values for the user that are unique identity markers named as an auto-generated public key, an auto generated private key and a user created human readable password, which in turn allows only a controlled list of agents to sell or buy the integrated cryptocurrency to conclude a transfer protocol in a unified payment interface.
In another embodiment of the present invention, participants create account in two ways for initiating the transfer protocol with the help of the blockchains; either by creating an account via "exchange" variant of the technology or by authorizing a computer, with full and updated ledger, to create an account as a participant.
In yet another embodiment of the present invention, the technology uses unique cloud based wallet application for the unified payment method that comprises of all the necessary parameters for generating algorithms for handling user account creations, sending and receiving of

transactions, generating and deploying of smart contracts and sub-currencies, managing multiple accounts on the singular wallet application; generating algorithms that allow and define the addresses associated to the user, to control the activity and behavior of the rest of the network by means of smart contracts; and issuing unique values that categorize and term the user as a keystone user.
Further in an embodiment of the present invention, the technology includes unique features of distinct codes and algorithms with decentralized exchange and virtual user wallets; allowing the keystone participant to customize the rule sets that render the smart contracts to become flexible processes; issuing currencies, built on top of the system, programmed to be colored tokens of value, identified by their nomenclature within the network which can be moved in pre-identified path, duly captured in blocks, as per the instructions of the participant.
The foregoing detailed description of the present invention should not be construed to limit the scope of the invention. It should be understood and obvious to one skilled in the art that the summary of the invention thus described may be further modified without departing from the spirit and scope of the invention.

CLAIM:

A blockchain technology that uses a static cryptocurrency to process transactions initiated on a customized exchange existing on a distributed ledger with automated settlement through Unified Payment Interface for immediate and secure payment processing.
A technology for creating immutable and permanent records of information of any transfer between the payer and payee, stored on a distributed network of ledgers.
A technology that uses an encrypted digital currency as the unit of legal tenders to facilitate monetary transactions between entities inside the network.
A technology creating unique payment methods by way of:
making the transfer protocol inherently private whereby the unique algorithm permits participation only via correct permissions by giving authorization to the blocks of the blockchains to own, read, generate and record transactions.
mapping in a static ratio with only one currency and maintaining the static rate of exchange to prevent the fluctuations thereby avoiding exchange risks.
A technology that generates a set of values for the user as unique identity markers named as an auto-generated public key, an auto generated private key and a user created human readable password, which allows only a controlled list of agents to sell or buy the integrated cryptocurrency to conclude transaction in a unified payment interface.
A technology that permits the user to initiate transaction on its unified payment interface by creating an account:
with the "exchange" variant of the technology; or
authorizing a computer that has full and updated ledger, employed as a participant.
A technology with unique cloud based wallet application for the unified payment interface, that shall comprise of all the necessary parameters for:
handling user account creations, sending and receiving of transactions, generating and deploying of smart contracts and sub-currencies, managing multiple accounts on the singular wallet application;
handling addresses associated to the user, to control the activity and behavior of the rest of the network by means of smart contracts; and
issuing unique values that categorize and term the user as a keystone user.
A technology that includes unique feature of:

allowing the keystone participant to customize the rule sets that render the smart contracts to become flexible processes;
issuing currencies, built on top of the system, programmed to be colored tokens of value, identified by their nomenclature within the network which can be moved in pre-identified path, duly captured in blocks, as per the instruction of the participant.