/biz/ - Business & Finance

ticker: KILT

New integrations being announced regularly this year, confirmed pipeline of big clients, and you can expect a lot of new ones coming in after seeing approval by the likes of Deloitte.

Digital IDs (DIDs) will be one of the major developments of the next couple of years, and they will allow us to reconcile regulatory demands with DeFi autonomy. Markets move on narratives and DIDs are a fresh and genuine usecase for blockchain, and unironically one of the most crucial components of the bridge between crypto/blockchain and “the real world”. Think of them like oracles but for identity - anarchyfags can seethe but blockchain takeover will never happen without some kind of KYC/AML, and the applications are endless. For just one example, consider the possibility of undercollateralised loans, e.g. mortgages, through crypto - that will never happen without some knowledge of the borrower’s credit worthiness, i.e. an aspect of their credentials. This year KILT is starting to reveal some of its truly epic client list (see OP)
Founding member of the Polkadot Alliance & Working member of
>INATBA, Blockchain for Europe, Decentralized Identity Foundation, Substrate Builders Program, Blockchain Bundesverband, and BerChain.

The first parachain ever to successfully move from KSM to DOT
> https://polkadot.network/blog/first-parachain-successfully-migrates-from-kusama-to-polkadot/

Why move? Because:
>"Now large-scale enterprises in the accounting, media and medical sectors are starting to implement business cases on KILT. These production systems will require extreme stability and bank-level security, which KILT cannot provide within the experimental Kusama network. So it’s time for KILT to move to Polkadot."
https://medium.com/kilt-protocol/kilt-moves-to-polkadot-b5d4b56f8040

Other stuff built on Kilt
>SocialKYC (credentials for email, twitter, discord, github etc etc)
>DIDsign (sign online docs)
>w3n (web3name)
>assetDID (NFT identifications cross-chain)