Kora Network - An Infrastructure for Inclusive Financial Systems

DZeL-nFXcAEfcvl (1).jpeg Kora gives the sound of “hope”. So as, Kora is a wide project supporting billions of undeserved people with financial issues . At Kora ,the technology is empowered rather than existing communities and networks so that it could reach trust and understanding of users. In brief this provides better solutions with low costs, proper identity , proper access to banking, trust and understanding of banking systems.

Kora Ecosystem stores identity and transactions, runs software models and connect other blockchains while user privacy is preserved. The four piliminary building blocks of this financial system are;

Identity is maintained by helping the user to prove their identity.
Secure storage by helping the user protection of funds from being stolen or devalued.
Money transfer is transferring money along with values from one entity to another securely and easily.
Market places are created for valuable customers to exchange money for goods, services and capital as in batter system.

Apart from this; Kora provide equal opportunities for all around world in order to achieve enormous wealth globally while reducing the cost for serving and financial service options are accessed through radical transparency.
The uniquely identified users can sign transactions and draws on the model pioneered by Uport , which is a proxy set and model controllers. Then the user sign transactions and send them to controllers who will validate the identity and forwards valid transactions to unique proxy. This could be connected by featured smartphone too.
Through Kora , cost could be minimized through blockchain, cause it will deconstruct and abstract the infrastructure required for financial services so new users will be provided the needed service without massive cost .

In order to fulfil the defined self sustainability and community ownership Kora has proposed a design called Community Value Network ( CVN). This aides in further authorization of individual identity further. For each community, customarized CVN is present. This flexibilies the utility of CVN in different cases such as in farming cooperatives, Savings groups, Churches and National trade unions.
Sustainability of this network is ensured by two loops of capital circulation called external loop and internal loop; which inject capital investments via family members to outside and community pools capital invests into Community Valued Networks respectively.

The Kora network is a four layered financial infrastructure based blockchain which allows the streamline of several layers into four criterias as ,

Protocol
Data
Applications
Access
The Kora networking architecture is built on specific Ethermint, which implement the Ethereum Virtual Machine. This is specifically chosen since this is the among the largest in blockchain space. This fulfil the vital network requirements such as
Scalability
Programmability
Resilience
Decentralized

As the conclusion, this Kora project will alleviate poverty of billions of people in all around world allowing to share the wealth which was created globally. As mentioned in the beginning, this could be the hope for deserted and unprofitable regions of the world bringing prosper, financial freedom, wealth redistribution, empowerment.