Kalima Blockchain on its way to establish a new standard for blockchain-based IoT –
Place, July 18, 2022 (Name) – Kalima is bridging the gap between industrial IoT and blockchain, by embedding blockchain technology into its IoT gateways. In an end-to-end way, IoT data can be collected, transmitted, stored, protected and, not least, monetized.
The company was founded by Andre Legendre, who currently serves as both CEO and Chief Technology Officer. He developed this blockchain for industries that have IoT built into their core business model. Furthermore, thanks to the diverse API integration, all types of data can be built into the ecosystem of Kalima. This also enables independent developers worldwide to develop parallel chains and DApps.
Kalima aims to monetize data collection while ensuring data integrity and immutability. Kalima consists of the Kalima MainChain and a decentralized network of separate permissioned blockchains called PrivaChain. PrivaChains provides a space where industries have complete control over their data and can adopt blockchain technology at the core of their business processes, as they can store, transfer and monetize qualified data.
Kalima Blockchain can generate value for industries thanks to client-side smart contracts, which are smart contracts that can be adapted to the customer’s needs. This means that each customer’s needs can be met in a unique way and creates value from their collected data.
Customers who profit thanks to Kalima are various multinational companies, such as Enedis, Tenneco, Spie and ArcelorMittal. Enedis is the first distributor of electrical products in France, Tenneco is a global automotive company, Spie is a European leader specializing in electrical, mechanical and climate engineering, and ArcelorMittal, one of the world’s leading steel and mining companies. These companies highlight the potential of Kalima Blockchain and serve as pioneering examples for other industries.
Kalima’s product integrates connected objects and networks into its technology, further enabling industry to store, collect, transfer and monetize data. Industries in supply chain, healthcare, energy, finance, identification and connected infrastructure can benefit from such an ecosystem, which is why, following the successful pioneering examples, more customers are expected to be on board.
Kalima can also embed individual assets of a company as a digital passport, which will be a non-fungible symbol showing the lifetime changes of the asset. The health, pharmaceutical, agro-tech, food and luxury industries will benefit the most from this. In addition, Kalima can allow manufacturers and industries that use machines to receive transparent information that enables them to benefit from pay-per-use.
Kalima Blockchain may monetize the data collected by third parties. This is referred to as “smart reward”, where the data collected from certain IoT sensors in an end-to-end manner can be tokenized. Individuals or companies have full control over the decision whether or not they want to share and monetize their data.
Kalima enables businesses and developers to build applications, monetize their collected data, and also bridges the gap between real off-chain data and virtual on-chain data.
About Kalima Blockchain
At its founding, the company intended to develop a blockchain-based IoT standard. Kalima brings new opportunities to monetize data by connecting different types of businesses, including people, objects and services. In addition, Kalima enables companies to develop the next generation of blockchain applications. One of the most important factors of the Kalima Blockchain is its low transaction costs and low environmental impact of the delegated proof of stake consensus.
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