Kalima – A new way to collect, protect and monetize data using Blockchain for IoT »CryptoNinjas

Kalima blockchain has developed a dedicated IoT blockchain solution for industrial companies and assets, which is ready to be distributed on a global scale. Kalima, and 3rd generation blockchain, offers a new way to independently and securely collect, manage and monetize business data.

McKinsey estimates the potential economic impact of IoT applications to be as high as $ 11.1 trillion per year by 2025, and the European Commission stated that 80% of the industry data currently generated in the EU is never used (representing 270 billion euros). For Kalima, this gap is explained by the fact that today’s data management solutions lack many important aspects, including end-to-end data management and revenue generation.

After 10 years of development, Kalima Blockchain is ready for global scaling, launching a first coin offering to introduce KLX, its original token designed to monetize business data including data coming from IoT devices. At the moment, at the private sales stage, the public sale will take place in Q3 this year. Initially, until the end of 2023, KLX will be an ERC-20 compliant token, after which it will be linked to a native token in Kalima MainChain.

In this connection, KLX will have multiple uses in maneuvering within the Kalima ecosystem. The main uses are described below:

• KLX is a utility symbol and the basic accounting unit used to build the Kalima ecosystem. Its first function is to pay transaction fees on Kalima Blockchain ecosystems.
• Kalima blockchain is a decentralized ecosystem consisting of Kalima MainChain, corporate-private and industrial-public blockchains, called “PrivaChains”. KLX will allow users, companies and developers to have their own PrivaChain and to create decentralized applications (Dapps).
• Revenue generation of data can be done in particular by using KLX tokens with integrated decentralized oracle networks. Oracles connects real-world data to the Kalima Blockchain, where companies can monetize all or part of their data, such as carbon footprints or ESG data.
• KLX tokens can be used to obtain validation nodes and master nodes, both of which are responsible for securing the network. The KLX token will be used for validator compensation. “
• Each holder who has more than 0.2% of KLX in circulation can create their own stake pool to become a validator and get the rewards associated with securing the network.
• Any user can contribute to the successful operation of the network by betting their KLX tokens. In other words, KLX holders can delegate their tokens to a validator’s stake pool for a period of time, earning rewards for their contributions to that stake pool.
• KLX owners will have the opportunity to sell their tokens on decentralized exchanges, soon followed by centralized ones.

Kalima’s blockchain is built to handle very large amounts of sensitive data generated by industries that collect data via IoT sensors and analyze this data in real time. PrivaChains can be connected to each other or to other leading public chains (Tezos, Lightning, Polygon and Cosmos hubs), which increases Kalima’s industrial adoption.

The European Commission said: “80% of all data is expected to be processed in smart devices closer to the user, known as edge computing by 2025.” With Kalima Blockchain built into IoT devices (gateways) and mobile devices, Kalima client-side smart contracts can process this data on the edge and create value that can be collected at the oracle level. Oracles can be managed by PrivaChain owners or by partners through solutions such as Chainlink Oracles

Stephane Dejean, CMlink’s CMO, an early member of the Kalima blockchain, said: “While the Helium blockchain is used to reward contributors for providing hotspots to run The People’s Network, the Kalima blockchain is used in a different way. IoT sensors will offer real-time, reliable and real-time data on this blockchain, which will benefit smart contracts first.

With the recent development of new reporting frameworks within environmental, social and governance assessments (ESG), companies are required to openly disclose their data on sustainability commitments, ethical operations and social practices, making ESG data collection, governance and analysis a multi-industry use case.

Kalima’s goal for the near future is to focus on delivering qualified and traceable data for ESG assessments, reporting and revenue generation of ESG data.

About Kalima

Kalima Blockchain consists of both a Kalima MainChain and a network of decentralized blockchains known as Kalima PrivaChains. It provides an interconnected blockchain concept as a new paradigm to solve the decentralization goal and increase scalability, by using a superior function from blockchains such as Cosmos and Polkadot. PrivaChains allows users to independently own, manage and manage their blockchain and the data stored on it, especially through dapps, while maintaining data confidentiality.

As the company reaches its 10th anniversary, and following partnerships with several industrial companies such as SPIE, Kerlink (prominent IoT gateway provider), Kenza DAO, Tezos and more, Kalima has decided to launch its ICO (Initial Coin Offering) to fully establish themselves as a blockchain industrial company and lift their business to new heights. At the moment, at the private sales stage, the public sale will take place in Q3 this year.

Company links and contact