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Everything you Need to Know about The Kalima Blockchain (KLX)

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Everything you Need to Know about The Kalima Blockchain (KLX)


Focus on transparency, efficiency, and sustainability for IoT

PARIS, FRANCE / ACCESSWIRE / August 8, 2022 / Human existence is becoming more dependent on the internet and technological communication with time. This dependence means that the devices generate greater amounts of data and must work together more efficiently. This reality is evident in a world catching up with blockchain innovation. Kalima blockchain intends to be a bridge for the booming sectors.

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Andre Legendre, who currently serves as founder and CTO, founded the Kalima blockchain in 2012. This era was right before cryptocurrencies took off. The company has since undertaken significant development work and intends to become an important player in the blockchain data management scene leveraging the blockchain’s efficiency for this effort.

Exploring the Kalima Blockchain

After ten years of development, the Kalima blockchain is ready to become a workable blockchain solution for Internet of Things (IoT) services. This third generation blockchain platform allows companies to independently and securely monetize and manage enterprise data. The impact of IoT applications is evident in present-day life, with any range of devices in our homes able to communicate and function at a high level.

These opportunities arise in a world with data management solutions that need improving. The specific areas of concern are end-to-end data management and monetization by centralized entities. Companies that rely on apps generated by everyday devices could use more efficient solutions.

Kalima aims to build the infrastructure for secure data collection and management using IoT systems. The basis of this secure data transmission and storage is the immutability of blockchain technology.

The Kalima ecosystem consists of a network of blockchains called the Kalima privachains. These privachains feature excellent API integration and can link seamlessly with other PrivaChains, public blockchains and external systems. Notably, the Kalima blockchain network relies on delegated Proof of Stake (dPOS) consensus. This algorithm is sustainable as it expends significantly fewer resources than the Proof of Work consensus.

KTX, Tokenization, and the future

The platform’s native Kalima token (KTX) facilitates operations and liquidity in the Kalima ecosystem. Its primary use is the payment of transaction fees on the various Privachains.

Users can also participate in the network governance by staking. Those who possess the requisite amounts of KLX in circulation can create their staking pools, become validators, and obtain staking rewards. Other users can also delegate KLX to these pools and earn rewards proportional to their staked tokens. The token holders can sell their tokens on various decentralized exchanges and eventually centralized ones.

The development team intends to proceed with crowdfunding and global scaling in the short term. The public sale will happen in the next few months for the public to experience this versatile ERC-20 compatible token. KLX has the promise of a multipurpose token with wide utility value to build, use, stake and participate in the consensus within a dynamic ecosystem.

Overall, this blockchain can improve monitoring, reduce decision latency and create monetization capabilities. These advantages, coupled with advanced analytics, mean that blockchain IoT can provide the digital intelligence modern and sustainable enterprises require.

Long-term focus on Environmental, Social, and Governance (ESG) Data

Besides the efficient consensus algorithm, Kalima intends to focus on collecting and monetizing Environmental, Social, and Governance (ESG) data. Such data is helpful for ESG ratings, reporting, and monetization. This fits the needs of businesses that must report on their sustainability commitments and social practices.

The Kalima main chain is the primary operations hub with various enterprise private and industry public blockchains linking operations. Businesses, developers, and individual users can create their own decentralized applications to manage IoT data.

Such enterprises can connect decentralized oracles that provide real-world data to the Kalima blockchain. Businesses and individuals can monetize their data effectively with the privachains ensuring that the data is secure, transparent, and immutable.

Throughout this decade, the majority of data will be processed by devices closer to the individual. Mobile phones already account for the majority of internet traffic, and this trend should continue for other smart devices at home. Kalima’s smart contract clients can process such data and create value for entrepreneurs and individuals.

The blockchain aims to handle significant amounts of ESG data, including sensitive information. IoT sensors do the collection bit while blockchain integration and analysis process, transmission, and storage. Besides, the mainnet can communicate with leading public blockchains like Tezos or Bitcoin.

Contact details:
Leo Maurice
[email protected]
https://www.kalima.io

SOURCE: Kalima

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