What is the Kill Protocol (KILT)? Detailed information on the KILT-Protocol and KILT-Coin project
What is the Kill Protocol (KILT)? Detailed information on the KILT-Protocol and KILT-Coin project
What is the kill log?
KILT is a blockchain protocol for issuing sovereign, anonymous, verifiable login information and decentralized identifiers. The kilt protocol is based on polymer. It is built on polymers Substrate of Speckle. BOTLabs (the company behind the Kilt Protocol) and PureStake (the company behind the MoonBean Smart Contract) have teamed up to research kilt on Polimec.
With the Kilt protocol, each individual or legal person in the blockchain can be verified via a decentralized identifier on the Web3 platform of the Polkadot ecosystem. KILT brings the old trust process of real credentials (passports, driver’s licenses, certificates, etc.) into the digital world and represents your identity while your data is preserved, yours is private and yours.
Relationship between Polymerc and Kilt Protocol
Polimec uses the KILT protocol to issue, review, and validate KYC / AML credentials. Currency issuers on Polimec must ensure that their first recipient is properly KYCed. You can certify this to your business partners and store the validity of the access data on the KILT blockchain. Polimec is able to determine this validity through the Polkadot messaging mechanism before initiating the first transmission. This offers issuers a high level of security and compliance.
Additionally, KILT will be one of the first Parachains projects to publish its currency on Polimec, so KILT Coin will be available for transfer prior to the KILT Main Net launch.
Core process of the kilt protocol
Roles in the blockchain authentication process of the KILT protocol
Claimant is a legal entity that claims to have certain property (i.e. applicant) and can apply for certification. When the claimer is an individual or an organization.
Attestor (certifier) Responding in the affirmative to an authentication request, known as an entitlement claim (ie, granting credentials). The attestor is usually a government agency, ID card issuing center, legal entity, certificate issuance, ..
Examiner (examiner) as a requirement of the claimant to provide evidence that he / she possesses certain attributes (ie, verify credentials). Verifier can be understood as a rule of a system / organization that checks authorized user attributes in order to grant user permissions.
The above process will be similar to the real world or the declarative process on the internet today, with the difference that the certificates / identity of the user (claimer) are stored in the form of a hash (hash) on the blockchain
The amount of the above-mentioned system data is referred to as the Claim Type (CTYPE); KILT contains the JSON description of the data structure. It contains a list of key-value pairs, each value being of a specific type.
System structure of the kilt protocol
The Kilt protocol is based on the Typescript and JavaScript SDK. Their ecosystem includes client applications, decentralized services, communication rules in the system, and nodes that run the network.
The KILT protocol describes three main layers:
The core of the KILT protocol are data formats and the handling of different data types such as identifieds, CTYPEs, clams, attestations and verifications.
The rules, guidelines and workflows as well as the communication protocols that support these processes and the data formats exchanged.
KILT Blockchain Nodes use party substrates as the basis of blockchain technology (see details later in the KILT Blockchain section). To support KILT, nodes have to implement different modules in their runtime
Timetable
Important events were achieved
June 25, 2021: Kilt Procotol has integrated a high-precision multi-chain explorer on Subscan.io, which was developed for substrate-based blockchains. Subscan supports data exploration and visualization from more than a dozen networks in the Polkadot ecosystem.
May 19, 2021: Kilt Protocol launch partners: Polkadex, Fractal, Subsocial Network, GameDAO, DeBio Network and Galaniprojects.
The KILT message sent a test token locally from the KILT test network to the Acala test network using cross-chain messaging (XCMP). This is a real-life example of the possible cross-chain synthesis in the Polkadot ecosystem.
May 6, 2021: Kilt Protocol, in partnership with DeBio Network, formerly known as Degenics, is building a decentralized platform that offers synergies between medical and bioinformatic institutions while ensuring the anonymity and sovereignty of users across the biomedical data pipeline.
What is KILL token?
The KILT token can be used to ensure the security of the KILT blockchain and to gain access to write to the secure block area for trusted data. The benefits of the KILT-Coins can be broken down into the following possible use cases:
Fees paid throughout the process of identity creation, storage, authentication, and verification.
Direct trade in KILT tokens between network users
Distribution of block rewards to validators
Contribution to network security (staking / nomination of validators in a proof-of-stake consensus mechanism)
Some basic information about KILT .token
Token name: Kilt protocol token
Ticker: KILT
Blockchain: Killing Protocol
Standard token: Update
Contract address: Update
Circulating supply: Update
Total offer: 1,000,000,000 KILT
KILT .Token allocation
40% of the total offer is pre-minted and distributed before the start of the network. The remaining 60% of the supply will be distributed through mining, spread over 50 years as follows:
team
Ingo Rübe is the founder and CEO of BOTLabs, the company that developed the KILT protocol. As CTO of Hubert Burda Media, he initiated the open source CMS Thunder and was previously IT project manager at Axel Springer. Ingo is a founding member of the International Association for Trusted Blockchain Applications (INATBA) and sits on the Board of Directors of the Drupal Association.
Christine Mohan – Vice President, Business Development has 25 years of experience in software and digital media and has worked for startups and companies such as The New York Times and The Wall Street Journal. Previously, she was CMO of the Web3 Foundation / Polkadot and co-founder of Civil Media, a blockchain sales platform.
Matthias – managing director has twenty years of professional experience and leadership in developing and delivering digital services to the media and internet industries. Since the beginning of the Internet, he has led the development of end-to-end and end-to-end Internet services for high-traffic and scalable products.
Gustav – Legal Director is an Austrian lawyer with 20 years of experience, including more than 10 years in startups and IT companies such as SAP. He holds a certificate in Blockchain Law, Regulation and Policy from the University of Nicosia (UNIC) as well as a master’s degree in communication and another in European integration. He is currently studying Blockchain and DLT at the Mittweida University of Applied Sciences and is bringing all of his expertise to the KILT protocol.
Kasper – CFO joined KILT as a consultant and deputy CFO. He has more than 20 years of finance and compliance experience with companies such as Maersk, Nortel Networks and KPMG. Kasper is the CFO of the Web3 Foundation, which supports teams building decentralized webs; Polkadot is the foundation’s flagship project. Kasper also co-founded ComplyTo, a compliance platform for European SMEs that handles the GDPR.
Consultant
Philipp Welte is a board member at Hubert Burda Media
Paul -Bernhard Kallen is CEO of Hubert Burda Media
Stefanie Von Jan Token Engineer at BlockKore
Kai Riecke is Chief Technology Officer at Hubert Burda Media
DR. Joachim Peter is a partner in the Braunschweiger Group
Robin Lingg is an investor and international marketer, Ringier AG
Philipp Pieper is co-founder and board member of Swarm Network
Shawn Tabriz is Runtime Engineering Lead at Parity Technologies
How to KILT. deserves and owns
Update.
KILT .Token retention wallet
Currently, Kilt has just announced a demo wallet for claimers called Sporran.
Identity creation and encrypted storage on the device;
Create a claim;
Request confirmation of these claims from certain supporters by scanning their publicly identifiable QR code;
Add contacts by scanning their public identity as a QR code;
KILT money transfer
More details here: https://github.com/KILTprotocol/demo-mobile-wallet
Kilt Protocol Summary, Should I Invest in KILT Coin?
Kilt Protocol is an identity storage and authentication technology solution on the blockchain implementation of Polkadot’s Web3 platform that enables all users to join the identity network under a decentralized identity. Kilt Protocol has the core technologies DeFi Launchpad platforms covet to integrate the KYC implementation into blockchain. Begin an era in which user data is protected privately and transparently, with the consent of the user. All information in the article is information compiled by CoinCu and does not constitute investment advice. CoinCu is not responsible for direct and indirect risks. Good luck!