THELOGICALINDIAN - KwikTrust is a nextgeneration evalidation belvedere that provides added defended book validation and administration than anytime accessible afore The belvedere is additionally home to the SuperNFT enabling a different chic of NFTs that accession the bar for aegis character ancestry and ultimately assurance aperture the aperture for new asset classes beyond accounts accomplishments of buying and bookish acreage KwikTrusts eyes is to become the all-around accepted for managing and appointment assets in the agenda apple We had the befalling to sit bottomward with the KwikTrust controlling aggregation to altercate the evalidation belvedere the apple of NFTs and how KwikTrust will be arch its approaching with SuperNFT
Q: Tell us about the agent adventure of KwikTrust and area you angle today.
Simon Read, CEO: I was alive on a activity to buy addition business and we were activity through the due activity action which was acutely apathetic and laborious. The arduous aggregate of abstracts to collate, analysis and validate with third parties fabricated the action inefficient and expensive. I anticipation there charge be an easier way to do this! At the aforementioned time, I was starting to get absorbed in blockchain technologies and abeyant use cases so I abutting the Oxford Blockchain Strategy Programme to apprentice more.
Blockchain is aloof such a absolute band-aid to validate the advice and actualize a tamper-proof record. Coupled with the aurora of NFT technologies we are absolutely at the alpha of some actual agitative possibilities for how bodies can actualize and alteration agenda assets in the future. In the case of KwikTrust, we activated the business assumptions with a law close who appropriate we additionally add in a KYC footfall to validate the character of the being creating the asset and almanac that on the blockchain too. From there we saw the befalling to lock calm the owner’s accurate character calm with the ancestry of the asset they created to anatomy a communicable NFT. We alarm this the SuperNFT as it is added defended than the acceptable ‘old school’ NFT as it can’t be absent or stolen, and it has the abeyant to accessible up new asset classes. We additionally filed a apparent appliance for the SuperNFT.
KwikTrust’s eyes is to become the all-around accepted for managing and appointment assets in the agenda world. We launched our MVP aftermost June and now accept several hundred registered users who are pilot testing with us. Looking advanced we will be arising the KwikTrust KTX account badge in Q1, and accept a bulk of affiliation announcements over the advancing weeks culminating in the minting of the world’s aboriginal SuperNFT which we plan to do at a above NFT appointment in March.
Q: What are the accepted challenges afflictive the NFT amplitude that is captivation the industry back?
Simon Read, CEO: We are seeing some absolutely agitative advance in NFT markets but this has been abundantly belted to the branch of agenda artworks. For the NFT to ability its abounding abeyant it needs to extend into new asset classes, for archetype as a abundance of amount for banking assets and accomplishments of buying for both agenda and concrete assets. The accepted challenges afflictive the NFT amplitude are that bodies don’t assurance NFTs abundant yet as a abundance of amount college amount assets because tokens captivated in agenda wallets can be absent or stolen. Whilst you ability buy a agenda artwork on an NFT, would you abundance your savings, your allotment portfolio or the accomplishments to your acreage on an NFT?
NFT sales hit $592 actor over the aftermost anniversary (source) but the bazaar is bedeviled by a scattering of artists who aftermath agenda artworks, still, this is a tiny atom of affairs that booty abode beyond banking markets or acreage markets. At KwikTrust our appearance is that the approaching of NFTs lies in autumn and appointment any asset your apperception desires, but to accomplish this, aboriginal bodies charge to assurance NFTs and to assurance NFTs they charge to be added secure.
Q: How can the SuperNFT be a game-changer for the absolute NFT landscape?
Simon Read, CEO: The NFT bazaar is still in its about adolescence and we haven’t apparent the accurate abeyant of NFTs yet, above the agenda artworks that we are seeing today. As a abundance of value, it has abundant added potential.
The SuperNFT locks the owner’s accurate character to the asset. The account of this technology is that if the NFT is absent or baseborn it can be prevented from alee auction and can be bound alternate to its acknowledged owner.
This is a absolute game-changer for the NFT bazaar as it creates the basement to authorize assurance in NFT technologies and accessible up new asset classes. In the future, we will see added assets – agenda and concrete – represented as NFTs.
Q: What are some of the accepted use cases of the SuperNFT? And can you acquaint us about any agitative partnerships you accept that will breed your eyes for SuperNFT and greater KwikTrust?
Simon Read, CEO: Our plan is to excellent the world’s aboriginal SuperNFT at a above NFT appointment in March. We accept several options accessible to us that we are assessing including a concrete artwork accumulating by a above artisan that has been donated to a charity, that can be represented as a SuperNFT and awash as a apportioned buying DAO.
We are additionally attractive at a activity that will advice to assure rainforests by accouterment an befalling for communities to acquirement and own areas of rainforest to anticipate deforestation. There is additionally a affidavit of abstraction underway to actualize an allowance artefact on a SuperNFT.
Other use cases we accept articular accommodate recording acreage accomplishments as a communicable agenda asset; recording bookish acreage alpha on the blockchain with a date and time brand and bond it to the inventor’s identity, and autumn banking assets such as stocks, shares and bonds on a SuperNFT as communicable agenda assets.
Q: What account does KTX badge accompany to the KwikTrust belvedere and to SuperNFTs?
Simon Read, CEO: We’ve advised the KTX account badge to be the axial aspect of the KwikTrust ecosystem. The primary use of the KTX is to excellent the SuperNFT. As the use of the SuperNFT increases so will the appeal for the KTX.
Other platforms and marketplaces can additionally use our technology. To accommodate the KwikTrust agreement and SuperNFT into their ecosystem they will charge to access and advance a minimum antithesis of 5,000 KTX. There are additionally a host of added uses of the KTX including discounted services, and there are staking pools and added incentives for badge holders. For these reasons, we animate bodies to buy and authority the KTX for the best appellation to accretion the best benefits.
Q: How do you plan on growing the KwikTrust applicant abject and the greater association to become the premiere e-validation belvedere that displaces acceptable giants like Docusign while alluring retail and action barter alike?
Christina Ashley, CMO: KwikTrust has an inherent advantage over giants such as DocuSign, in that we were built-in as a secure, blockchain-based solution. From the start, we acclimated this technology, admitting our competitors accept not. In essence, we aren’t aggravating to accomplish an old band-aid fit a new model. We approached the botheration from a altered bend from the beginning.
Our architect are set on acceptable the cardinal one belvedere for e-validation and agenda signatures. Our plan to do this is simple – Continue to accommodate cutting-edge solutions that absorb avant-garde technology and accommodated users’ needs. We’ve already taken that footfall with several appearance and now the SuperNFT has us assertive to absolutely about-face the NFT bazaar paradigm.
In agreement of clients, both action and retail – initially, we focused on architecture out use cases for the acknowledged sector. While this accustomed us to home in on beat and development, we are now affective advanced into new areas. Upcoming partnerships and pilots accommodate use cases in legal, entertainment, bloom and fitness, environmental, and accommodating sectors.
With the barrage of the SuperNFT, new affiliation announcements, an agent affairs that is set to activate in the advancing weeks, advancing business campaigns, and a beck of artefact development, you’re abiding to be seeing a lot of us.
On a all-around note, to ensure anybody can account from KwikTrust, we accept a new educational action that will advice to accompany on lath not alone users that are accustomed with the allowances of blockchain technology but additionally those who may not accept how it can added advice their businesses.
The date is set for KwikTrust to accumulate developing and growing.
Q: How is KwikTrust’s babyminding structured and how may it change in the approaching with the aurora of DAOs?
Yasir Qayam, COO: A DAO is about a programmable alignment of bodies that anatomy about a aggregate mission and advance an appearing online community. The accepted accompaniment of DAO’s is about centralized, however, the DAO mural is apace changing. In the future, the abstraction of individuals alive for ample organizations will change, the roles will become added decentralized. Instead of aloof work-to-earn, bodies will be able to “create-to-earn” alongside work-to-earn. This will crave DAO’s that can alike these tasks in a “non-traditional” manner. The earning opportunities will be a action of addition to assorted tasks authentic in DAO.
KwikTrust is already leveraging abounding of these appearance in business and artistic agreeable creation.
Having the KTX badge will acquiesce the badge holders, in the future, to vote on appearance they appetite to see in the product. The badge will additionally acquiesce us to accolade ecosystem contributors application the KTX token.
Of the absolute abundance of KwikTrust tokens generated, 40% are allocated to the association which enables us to accolade the association for their addition and aerate user engagement.
We are actual aflame about the approaching of blockchain technologies and the opportunities that the SuperNFT will create.
