KIRIK - Make your contracts seamlessly easy and quick

We have witnessed a spree of technological advancements in recent times. Technology has advanced in almost every sector like software, hardware, industrial, and others. After the introduction of Web 2.0, the concept of server came into existence. The server is a software entity which provides response results to the web users, based on their queries. After the introduction of the server, then came in the cloud storage technology. This technology enabled us to store our files on a centralized storage platform, which is accessible to us everywhere and at all times through any of our devices. There are several demerits of using cloud technology and cloud computing, like, the security is the prime issue, as it is a centralized storage system, if it encounters any cyber attack, then all of the data could be lost and wouldn't be recovered. The above scenario made way for the development of another advanced technology, termed as blockchain. The blockchain is a decentralized storage platform in which, the data is stored in multiple locations and multiple copies too and through a smart management system, all the records of the transactions are safely maintained.

The blockchain technology provides a facility for making smart digital contracts between two parties. It is kind of a legal agreement between two parties in digital format. These are highly confidential and contain sensitive information of various terms and conditions. It is one of the key features of blockchain technology and the efficiency needed for this is very high. There are several shortcomings of this feature too like it's slow and difficult for machines to understand. All of the blockchain technologies available currently, use their standard way of forming these smart contracts. This has led to problems in transactions of contracts between different forms, as there is no ubiquitous standard for it. Kirik, a new blockchain based startup which works on making semantic based smart contracts, which can be used to transact with Etherium based smart contracts as well as outside it.

Kirik is a decentralized blockchain platform which works on providing smart contract services to us, with other parties. It uses Artificial Intelligence technology, which generally comprises certain algorithms to make the machines smarter and help them interact with our brains. The smart contracts made by this platform are much faster and can easily transact with another Etherium type contract. These contracts are very easy to understand and do not need the help of a programmer to decode or encode it. The smart contracts are highly secure and can be easily verified with the help of algorithms, and this allows the creation of smart monitoring system for the verification process. As mentioned earlier, this contracts can be easily designed by us, without any external help, this is possible because the platform provides a predefined template. The template provided is very user-friendly and we can easily follow the instructions and formulate our smart contract.

This platform is not only going to benefit us to a great extent, but also to several judiciary professionals, dealers, and others. They need to just design these contracts seamlessly easy and in less time and at low cost too. These contracts are inter-platform operatable, which makes it convenient for us to use it anywhere we like and with robust transaction algorithms and security. This is going to benefit the public sector administrative systems by saving much of their time, as they are the ones who would need these service frequently. The semantic smart contracts are the future of deal brokerage and agreement making systems, and AI has made the life, even more, easier and better for us.

Website - https://kirik.io/

Whitepaper - https://drive.google.com/file/d/1hy2Et9NCd2qaZM7ijFAISY_FGpOJzXrQ/view

Ann - https://bitcointalk.org/index.php?topic=3374696.0

Telegram - https://t.me/kirik_protocol

Published by - Etheran

Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1108165