KILT Protocol to Host an AMA on X on September 9th at 2 pm UTC

The session will include information about new utilities and projects that have been in the pipeline.

KILT Protocol will be hosting an Ask Me Anything (AMA) session on September 9th at 2 pm UTC on X. During this session, they will be discussing new utilities and projects that have been in the pipeline.

This AMA comes as KILT Protocol continues to expand its offerings and presence within the Web3 ecosystem. Recently, KILT Protocol announced a partnership with Laminar to integrate KILT's decentralized identity (DID) technology into Laminar's Web3 gaming platform. This integration will enable Laminar to leverage KILT's DID solution to enhance player experiences and streamline game interactions.

KILT Protocol is an open-source blockchain protocol that enables the issuance of claims-based credentials in Web 3.0. It aims to restore individual privacy and drive the creation of innovative business models centered on identity. Built on Parity Substrate and launched as a Kusama parachain in September 2021, the platform prioritizes data privacy by allowing users to attest to their digital identities without having to overshare. KILT is integrated with Kusama, Polkadot, and various sectors, including gaming, NFTs, DeFi, DEXs, energy, health care, and banking. It became a fully decentralized parachain in November 2021.

At the core of KILT’s digital identity system are two main components: a Digital Identifier (DID) and Verifiable Credentials (VCs) linked to this identifier. An Attester, or trusted authority, issues Credentials, which are fully controlled by the recipient (the Claimer). KILT, unlike traditional systems, does not store personal data on the blockchain. Instead, only hash values are stored, ensuring that the user's data remains within their Credential, under their control. Through these hashes, users can prove the authenticity and validity of their Credential on the blockchain. Additionally, Attesters can generate a new hash, effectively revoking the Credential when necessary.

KILT’s native token serves multiple purposes, facilitating on-chain utility, payment processing, and staking.