The World Wide Web integrated all kinds of hardware and software into one system, eventually transforming billions of lives and the world, as we know it. Blockchain technology is the biggest leap forward since the Internet. Today, various blockchains, decentralized apps and crypto protocols are fragmented just as the Internet used to be. And just like 20 years ago, researchers on the cutting edge of digital technology have created a new technology about to change the game, and possibly the world, by connecting all blockchains and protocols into a single system. This technology’s name is KIRIK and this article will explain what Kirik does, how it works, and why it may be the biggest disruption since the World Wide Web’s appearance.
What is KIRIK?
200 million people are already using KIRIK’s core technology, but you’ve likely never heard of the name before. We’ll get back to the user base in a minute, but for now, let’s talk about what KIRIK actually is. The KIRIK organization is a Singapore-based non-profit, like Ether or IOTA. The KIRIK technology is a meta-protocol that unites and converges multiple blockchains into a single network.
How does it do this?
It’s simple. Today, the only way to interact across blockchains is via exchanges. These exchanges are similar to the pre-Internet CIX (Commercial Internet Exchange), in that they let us transfer digital assets across crypto networks. However, exchanges do not really connect blockchains; definitely not in real-time. Moreover, blockchains and protocols are often incompatible because the transaction scripting languages are different. By describing blockchains and protocols in a universal language based on mathematical logic, KIRIK makes different protocols like Ether and Bitcoin compatible. This same technology lets KIRIK have its own semantic smart contracts based on mathematical logic. KIRIK understands plain-English legacy documents. It also understands its own assets, assets from external blockchains, and computer logic. This means that, like the World Wide Web, KIRIK is a meta-protocol that connects its predecessors and creates completely new possibilities for further development. Needless to say, this is all very exciting news for everyone. A crypto meta-protocol stands to be the biggest disruption since the modern Internet, and it has a virtually infinite number of valuable uses. But the technology behind KIRIK isn’t new, at least in theory.
First predictor of the project’s success: our team members have been working with the technology for decades (we have several pioneers, including IOTA’s Sergey Popov), and they have already implemented it in blockchain and non-blockchain projects, serving hundreds of millions of people as of today.
The second predictor of the project’s success is the technology itself. Below, we will look at the 2 main features of KIRIK’s protocol, and explain why they set the project up for success.
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Semantic Modeling and KIRIK’s Distributed Ledgers
When you’re building a structure from a blueprint, by hand, you might make mistakes. Human error is inevitable. But if you use a 3D printer to build the exact same structure, the blueprint will be executed as intended. Well, in this sense, KIRIK is the crypto version of a 3D printer that understands both human-drawn blueprints and digitized 3D models. It understands human language and logic, it understands code, and it “builds” exactly what it’s given as a blueprint. This means that KIRIK can process legal contracts; financial documents; regular, everyday English. Then it can take these regular contracts and turn them into digitized contracts compatible with blockchain technology. And vice versa. This is a rather incredible achievement. Connecting legacy documents and crypto technology leaves plenty of room for error.
With KIRIK, though, reliability and accuracy are so high that we can realistically consider blockchain technologies reaching mass adoption. Right now, KIRIK creates smart contracts in one of 2 ways. One is a flow-chart “wizard” that turns existing data and multiple-choice answers into semantic smart contracts. Another is an A.I. that does the same completely automatically.
How does all of this help unify all the blockchains in the world?
Well, once a smart contract is created in KIRIK, a link between different blockchains, or a blockchain and a legacy system, is established. This means these different blockchains, and all of their assets, can now “see” and “understand” each other. And that is the World-Wide-Web level disruption. Another exciting innovation is KIRIK’s use of blockchain technology, which is drastically more scalable than past solutions.
KIRIK’s 2-Blockchain Solution
One of the main reasons blockchains aren’t connected yet is simple: limited scalability. For example. Ethereum is a high-quality blockchain, and Crypto Kitties — just one application — slowed it down considerably circa December 2017. This is a problem for any meta-protocol. How can we connect all blockchains when existing blockchains can’t even process all of their own transactions effectively? That’s right; we can’t. We need a new solution that is faster, more reliable, and more scalable.
The first technology we use for anchoring is IOTA. IOTA is the first commercially available crypto protocol that scales extremely well thanks to its use of tangles. This makes it a natural choice for KIRIK.
The second technology we use for anchoring is an offshoot of the Ethereum blockchain. Ether is a very robust protocol, but using its main fork — whose blockchain already exceeds 1TB in size — isn’t viable. For this reason, we’ll be using a fork/copy.
Using these technologies, we can have millions of “knots” compared to Ethereum’s 1 thousand. We can also let low-power device owners use their smartphones and computers to make money mining, thanks to the how light our blocks are. Together, the 2-blockchain solution and our semantic modeling technology make KIRIK highly valuable for many (if not most) industries. As of today, the prototype technology already serves 200 million people in multiple niches and countries.
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KIRIK’s Current Use Cases
The technology that makes KIRIK possible has already proven to be valuable for business with lots of contracts and ledger entries. That’s because KIRIK’s universal semantic protocol makes it easy to connect non-blockchainized assets. For example, banks and mobile operators both deal with vast amounts of ledger entries, and contracts of all kinds. With KIRIK, the time needed to process these data types decreases dramatically — as does the need for human intervention. This is great news to banks and mobile operators. Automating data operations while improving their accuracy is very profitable. This is why 3 of Russia’s 4 largest mobile networks, the Philippines’ Smart network and all 4 of Nigeria’s biggest operators, are all using Kirik’s technology.
Dozens of banks, including Russia’s largest private owned bank, Alfa Bank, use it.
We’ll get more specific about how KIRIK benefits businesses in an upcoming article. But the main point is, dozens of leading national businesses and 200 million end clients are already using KIRIK’s core technology with excellent results. They’re processing data faster, with less human intervention, and more accurately than before all thanks to KIRIK. Once the full KIRIK project goes live, the number of organizations and individuals using the technology can grow exponentially. Considering the current 200 million-strong user base, we have good reason to believe KIRIK has the potential to be the “next Internet”. To learn more about KIRIK’s technology, its use cases, its clients, and, of course, the project’s monetization, visit our website now. A decentralized but connected World Wide Web-type protocol for the crypto space can help usher in the next stage of digital and we hope you’re as excited as we are.
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