KILT Protocol $KILT

KILT Protocol is an open-source blockchain platform designed to bolster the issuance of confidential, verifiable, and revocable credentials in the Web 3.0 landscape. With a mission to reestablish individual control over personal data, KILT Protocol provides users with a privacy-centric digital identity solution. It paves the way for innovative business models centered around identity and credentials by introducing the conventional trust process of real-world verifiable credentials to the digital world.

A Versatile Solution for Digital Identity

KILT Protocol offers a means for users to represent their identity, all the while keeping things they prefer confidential. This platform gives users the liberty to store information and select what and to whom they disclose information. KILT is not only restricted to individuals; it's also a versatile solution for creating identifiers for machines, services, and any entity that can have an identity.

The Developer's Toolkit

KILT provides developers an avenue to leverage its open-source Javascript SDK to build applications for issuing, holding, and verifying credentials. This characteristic is crucial for developers aiming to create businesses revolving around identity and privacy.

KILT's Technical Foundation

Built on Parity Substrate, KILT launched its mainnet as a Kusama parachain in September 2021. It has successfully integrated with Kusama and Polkadot projects across various sectors such as gaming, Non-Fungible Tokens (NFTs), and Decentralized Finance (DeFi). KILT is also fostering enterprise partnerships within the energy, healthcare, and banking sectors.

KILT's Decentralized Parachain Launch

KILT made its debut as a fully decentralized parachain in November 2021. Its token utilities span three crucial areas: payment, on-chain and staking mechanisms for collators and delegators. Despite whether KILT Protocol transitions from a Kusama to a Polkadot parachain, a single KILT network and one KILT coin would exist across both.