KINEKT (XKN) widget

ICO date: 02.07.2018 - 31.07.2018
Product Type: Service
Industry: Banking & Payments

KINEKT is a blockchain integrated touch terminal for physical points of sale, which uses fingerprints and PIN codes for authentication. All transactions are governed by artificial intelligence.


KINEKT solution comprises two basic functional units:

  • The KINEKT Terminal is a front-end device required by merchants to accept transaction requests. Transaction process consists of 3 steps: entry of payment data, two-factor authentication (fingerprint and PIN) and forwarding of data to the KINEKT Cloud by GSM as a "transaction request".
  • The KINEKT Cloud Platform is the back-end transaction management aspect. The Cloud hosts data and forwards transaction requests to participating third party service providers.

The underlying blockchain architecture employs a hybrid design consisting of a centralized network, which enables KINEKT terminals to initiate and communicate transaction data to the KINEKT Cloud, and a decentralized network, which enables KINEKT Cloud Platforms to syncronize and backup participant data and to process end-user transactions across territorial borders.

Founded: South Africa, 2017
Whitepaper: Whitepaper

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