tag line :credentials for web 3.0
KILT is a blockchain protocol for issuing self-sovereign verifiable, revocable, anonymous credentials and enabling trust market business models in Web 3.0.
Kilt is a protocol for creating, issuing, preventing, and verifying digital credentials.
Kilt ensures complete control of data remains in the hands of the user. Data cannot be hacked because Kilt uses blockchain technology. Kilt blockchain is built from scratch based on its module library. Kilt connects to the Polkadot ecosystem and obtains security by leveraging the consensus in the Polkadot network.
Kilt does not store any user data on-chain. Claimer( User) is in full control of data and can erase data anytime. Blockchain only stores hashed data of specific value, and when the user erases data, hash becomes meaningless. When a user shares credentials with Attester/Verifier, they should comply with GDPR rules and protocol cannot control the Attester / Verifier’s behavior.
At network launch, KILT shall start with three major coin utilities: payment, on-chain, and staking.
Payment Utility: Claimers need to pay attestors for creating digital credentials.
On-chain Utility: Participate in the governance process to implement functionality changes in the network.
Staking: The staking mechanism to incentivize collators and delegators to maintain the network.
- 4.5 million tokens reserved for crowd loan to incentivize the community to lock up KSM in Kilt Crowdloan to secure a parachain slot.
Team and Advisors:
https://www.kilt.io/testimonial/ once call me here
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