KARDIACHAIN : DECENTRALIZED APPLICATIONS' BLOCKCHAIN

in cryptocurrrency •  6 years ago  (edited)

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The lack of interoperability between applications on desktops and smartphones can present a serious problem, and has become a common complaint according to Nemertes Research. The overall lack of interoperability between apps is frustrating for users who are already dealing with context switching, and information overload. Now, businesses face additional challenges managing the security of external teams, and administration for monitoring content.

For blockchain and it's corresponding applications, the issue of interoperability between decentralized application and standards cannot be underestimated. Blockchain and it's corresponding technologies and applications are also sufferers from interoperability issues. Movement of data and digital assets between various blockchain networks and decentralized applications is almost impossible. Causing user lots of stress and dissatisfaction. The need for a decentralized, multifunctional, unique, secure, multi-application platform, powered by blockchain, where users can easily make transfers and transactions between blockchains and decentralized app, has led to the birth of this master plan of a project! !

INTRODUCING KARDIACHAIN

Blockchain of blockchains, as it is tagged, kardiachain is a fully scalable and interoperable blockchain platform for decentralized applications. It's 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 blockchain of blockchains, as the team likes to term it, KardiaChain is a fully scalable and interoperable blockchain platform for decentralized applications. It's 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 (or Dual node for short), 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.

FEATURES OF THE KARDIACHAIN ECOSYSTEM

INTEROPERABILITY
Successful swaps has been achieved between NEO & ETH, showing the capacity for ERC20-NEP5 token swap. Non-invasive connections to transfer both asset and data between any participating blockchain and Dapps

ADOPTABILITY
Seamless blending of private and public blockchain solutions to attract wide-range of users. The KardiaChain technology empowers mass adoption, expand use-cases and lay foundation of the blockchain ecosystem.

SCALABILITY
BFT decentralised POS consensus provides more security, faster confirmation and lower cost.

CORE PLATFORM COMPONENTS

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.

MAJOR 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.

TOKENOMICS

Token: KAI
Type: Utility
MVP/Prototype: Available
Platform: Ethereum
Accepting: ETH, BTC
Country: Singapore
Whitelist/KYC: None
Restricted areas: USA, Canada, New Zealand, China

IN THE NEWS
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TEAM
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PROJECT ROADMAP
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IN CONCLUSION
The ability to solve problems is a good yardstick for measuring a successful project. This is why I see Kardiachain Project as, indeed, a revolutionary and futuristic project in the decentralized applications ecosystem. Also, the issue of interoperability between apps and blockchains will, through this project, be reconciled.

Let me state that the review presented in this article is just a small portion of the possibilities which the Kardiachain Project offers. I strongly recommend everyone to read through the white paper. It is well written and easy to understand, The channels below, will also be very helpful in keeping up with this exceptional project

Whitepaper: http://dl.kardiachain.io/KardiaChain-WhitePaper-English.pdf

Website:
https://www.kardiachain.io

Twitter:
https://twitter.com/@kardiachain

Telegram:
https://t.me/kardiachain

Bounty0x Username: evolution2k46

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