KILT Protocol KILT

1. Summary

Ranks

Liquidity

81

Developer

10

Social

89

Momentum (beta)

54

Stack Rank™

19

Price

$0.19 +0.9%

Market Cap

$25.74M (#857)

Supply

136.78M / 163.28M

Tags

Polkadot Ecosystem Identity

More Metrics

Price
52W High price	$0.50
52W High date	10th Mar 2024 (4 months ago)
All Time High (ATH) Date	1st Dec 2021 (2 years ago)
ATH Price	$9.80
% From ATH	-96.97%
All Time Low (ATL) Date	12th Oct 2023 (9 months ago)
ATL Price	$0.22
% From ATL	36.88%

Supply & Trading Volume
Trading Volume (24h)	$60,158.00
Total Supply	163.28M
Max Supply	290.56M
Circulating Supply	136.78M

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Description

Overview

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Overview

KILT Protocol is an open-source blockchain protocol designed for issuing verifiable, revocable, and anonymous claims-based credentials in Web 3.0. Its mission is to return control over personal data to its owner, restoring privacy and enabling innovative business models around identity and credentials. The protocol allows users to represent their identity without revealing private information, bringing the trust of real-world verifiable credentials (e.g., passport, driving license) to the digital world while keeping data private and in user possession.

Key Features

• Verifiable Credentials: Allows for issuing and verifying credentials, enabling users to disclose selective information.
• Decentralized Identifiers (DIDs): Provides DIDs, which are unique digital fingerprints, to create digital identities.
• User Control: Users store information and choose what data to disclose and to whom.
• Developers Toolset: Offers a JavaScript SDK for developers to create applications for issuing, holding, and verifying credentials.
• Integration: Collaborates with projects in and outside blockchain ecosystems to integrate new, secure ways of managing digital identity.
• Governance: Uses a transparent system of on-chain governance, enabling community decisions.

Technical Details

• Blockchain: Built on Parity Substrate and launched as a Kusama parachain.
• Token Utilities: Supports three major token utilities: payment, on-chain functions including governance, and staking mechanisms.
• Treasury: Maintains an on-chain fund store for creating infrastructure or initiatives that benefit the network.

Applications

• Identity Verification: Provides a decentralized identity system for various use cases, including KYC and KYB processes.
• Digital Credentials: Enables issuing reusable digital credentials for regulatory compliance and age verification.
• Login Solutions: Offers a no-code solution for incorporating a KILT login into websites, ensuring verifiable credentials from trusted providers.

Ecosystem

• Services: Includes services like Sporran wallet, SocialKYC, and DIDsign for managing digital identities.
• Enterprise Partnerships: Collaborates with enterprises in sectors like energy, healthcare, and banking to integrate digital identity solutions.

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