How could a company or entrepreneur use KILT?
KILT is designed as a protocol for business - any kind of business - for people to take their own idea and build something to make money from.
Think of a successful protocol like http. The developers of http didn’t have anything in particular in mind but what happened was that a lot of people started to build businesses on top of it. When they were developing http they probably never thought that it would be good for selling bicycles, or books from Amazon. They needed people who looked at http and thought “Wow, I can build a business on top of that.” And this is the same for KILT. People can build things and make a profitable business with it.
Using the chocolate bar use case as a practical example, if you were the organization that attests that a chocolate bar is fairtrade, then you would like to have a way to easily build an application so that you can provide this service to food producers. You don’t want to start a huge IT project with lots of servers, you want this completely decentralized. You just want to certify it, you don’t want all the work.
This is where you would use KILT. The KILT infrastructure is already there, you need just a week or two to put a very simple application on top of that and then it just works. And the data, the truth about whether the chocolate bar is actually fairtrade or not, is stored on the blockchain.So potentially there’s no limit to what you can use KILT for. There are already examples of projects in the real world that are building things using KILT – to monitor energy on the grid, and to issue KYC (Know Your Customer) credentials, among others. In the same way that you don’t ask Tim Berners Lee how to build Amazon, no one actually has a say in what kind of businesses should be built on KILT - that’s up to the developer or entrepreneur with the idea.