KINEKT (XKN)

KINEKT (XKN) widget

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

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.

Features:

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
Website: www.kinekt.technology
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
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Risk score
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See also