As the hype and excitement over blockchain, cryptocurrency and other decentralized products (especially decentralized apps) evolves into a more substantive discussion, one thing has become clear; customers do not want to be constrained by the various interoperability issues. A lot of these decentralized apps run on various decentralized application standards. Customers would like the freedom and flexibility to move among the Dapps as this will allow them to accomplish transactional objectives easily over the decentralized blockchain network.
An innovative solution to the above problem has been developed by a team of professionals, the KARDIACHAIN Team. They aim to create a wholistic blockchain that tackles all the interoperability problems that exist in the decentralized applications sphere.
INTRODUCING KARDIACHAIN
KardiaChain, nicknamed blockchain of blockchains, is a fully scalable and interoperable blockchain platform for decentralised applications DAPPs. The project use cases include Smart City, Supply Chain Management, Fully Decentralized Cross-chain Exchange. KardiaChain technology allows non-invasive connections to transfer both asset and data between any participating blockchains and Dapps. The KardiaChain team has developed a rather wholistic solution, called Dual master node, to support inter-chain operations for both existing and upcoming blockchain platforms. The main goal of KardiaChain is to develop a unified ecosystem where developers can stresslessly create smart contracts that can run on multiple blockchains, that is, to increase costs, and avoid congestion. And also to communicate with smart contracts on other chains in a trustless and secure manner.
INTEROPERABILITY AND DAPPS
KardiaChain gives the framework to decentralized application to exchange information and collaborate with one another safely and seamlessly. The accompanying outline exhibits how a banking Dapp profits by utilizing a KYC information of another Dapp while two depend on various blockchains (KardiaChain and ChainX). This procedure occurs in a decentralized way, decreasing exertion from engineers and improve client experience. Successful swaps has been achieved between NEO & ETH, showing the capacity for ERC20-NEP5 token swap.
INTEGRAL CONSTITUENTS OF THE KARDIACHAIN ECOSYSTEM
¶ Dual Master Nodes : Approaches the information record of two chains all the while (KardiaChain and another chain). They can get exchanges from outer chains and securely ingest those updates into KardiaChain records without bargaining anything from both chain
¶ Interpreter : Uses Kardia bound together Smart contract Language (KSML) to break the language hindrance between diverse smart contract platforms, encouraging a "common understanding" of directions in brilliant contract between KardiaChain and outside chains.
¶ ESWIM: Elastic Sharding With Incentive Mechanism utilise an algorithmic approach in transaction routing to optimise costs and speed. The best network will be elected to make sure the performance achieved is the best possible at the time of submission.
¶ Routers : Decides the best chain to coordinate the deciphered demand dependent on various information sources, for example, current execution, expense, holding up time, and limit.
USE CASES
¶ Supply Chain Management: KardiaChain smart contracts provide a secure and transparent yet convenient way to record and track any aspect of a product from its origin to authenticity.
¶ Fully Decentralised Cross-chain Exchange:
KardiaChain's alpha DEX is running on NEO and Ethereum testnets, successfully swap between NEO & ETH, showing the capacity for ERC20-NEP5 token swap. The whole process happens and is recored on-chain, Neo testnet, Ethereum Rinkeby, and KardiaChain testnets.
¶ Smart City: Medical record, Student profile, and Job posting are among the first applications of KardiaChain in smart city. Smart citizens can enjoy the benefit of cheaper, safer and faster services while in total control of their data.
THE TOKEN KAI
KAI is kardiachain's native cryptocurrency that will power and facilitate transactions on this unique platform. It is of ERC20 standard, and therefore will run on the ethereum blockchain.
Token: KAI
Type: Utility
Bounty: Available
MVP/Prototype: Available
Platform: Ethereum
Accepting: ETH, BTC
Country: Singapore
Whitelist/KYC: None
Restricted areas: USA, Canada, New Zealand, China
PROJECT ROADMAP
TEAM
IN THE NEWS
IN CONCLUSION :
Interoperability has always been an issue with technology and technological devices. Kardiachain aims to build a wholistic platform that tackles this issue and much more. The team believes Blockchain can create equal opportunities for people, a world where people have access to opportunity to invest, to start a business, to work and to be socially mobile. The KardiaChain technology empowers mass adoption, expand use-cases and lay foundation of the blockchain ecosystem.
This project is much more innovative than I've managed to convey in this post. Please visit the links below for a better breakdown of the KardiaChain project. Thank you.
Website: https://www.kardiachain.io
Whitepaper: http://dl.kardiachain.io/KardiaChain-WhitePaper-English.pdf
Twitter: https://twitter.com/@kardiachain
Telegram: https://t.me/kardiachain
Medium: https://medium.com/@KardiaChain
Bounty0x Username: echoe2k4
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