Karma International has been and will always be focused on providing value back to the community, towards those organizations most in need. It has contributed to hundreds of nonprofit efforts over the years and is directly involved in charitable and community efforts. Karma, continues and massively scales this vision, representing the distributed, blockchain technology based, tokenized, secured and scalable reimagining of the original KML – made available to any membership-based organization.
Marketplace
The Marketplace, with its selection of Custom Modules, will be one of the most effective methods to increase the value added to Karma through Community Developers. Instances of these Custom Modules will be fully capable of consuming KIT based on their own unique requirements, individually maintaining metrics on a per Module instance basis. Karma will allow all Community Developers to create highly specific, self-contained processing Modules. These can take one or multiple roles for the benefit of all of our Communities, across very diverse industries.
Technologies
By using Ethereum as the abstract foundational layer, Karma is able to implement all the features and rules of the KIT Protocol directly into smart contracts, which are deployed and processed by the entire network. By using the entire Ethereum infrastructure with the purpose of validating transactions and adding new blocks to the blockchain, Karma minimize any possible attack on the protocol. On top of Ethereum, Karma have built the services using Geth. Geth is a multipurpose command line tool that runs a full Ethereum node implemented in Go. In this case, it is running on a proprietary Linux server with no RPC/HTTP open ports. The communication, which involves the Geth, is managed through the Python intermediary application and the Ethereum network.
Competition
Spinning up a new Community Network is a considerable challenge. Organizations across the world seeking to do so face numerous difficulties selecting the right technologies and solutions, and after that selecting the right development partners in order to implement those choices. Even if these initial selections are appropriate, actually implementing, operating and maintaining the resulting Community Network can be fraught with complications. Established organizations, with their Legacy Community Networks (i.e., networks and systems based on older, non-blockchain technologies), face similar and additional difficult challenges. These organizations’ Legacy Community Networks are often a diverse mix of incompatible technologies (different vendors, versions, protocols, ages, interfaces, etc.). Grafting on newer components, even if those components, considered in isolation, are the right choice, can be combinatorially difficult. Bottom line – as growing organizations scale their operations, their Legacy Community Networks simply cannot keep up.
Tokens
KIT is a fundamental component of Karma. There are three main ways in which KIT will be used:
- Tokenizing the Sharing Economy (Karma Exchange) .Sharing goods between community members becomes easy as KIT can be used for directly lending assets between Karma users and customers, thus creating a sharing economy model. These offerings will be adapted to the specific requirements of each party.
- Reaching Consensus. In order to have a simple and fast consensus reaching mechanisms, each organization that uses the KIT protocol will effectively become a DAO (Distributed Autonomous Organization). Using KIT DAO tokens, proposals will be created for the different situations which require voting, using the DAO’s submission guidelines. The proposal is then announced to other KIT holders for discussion and voting. KIT holders can also choose to amend the proposal’s terms.
- Tokenized Payments with KIT
Token Distribution
Road Map
Team
Karma is a next-generation solution that appeals to a wide array of membership organizations, including nonprofits working for the good of the world. Our highest value is supporting these efforts.
More Information Visit Here:
WEBSITE: https://tge.karmainternational.com
WHITEPAPER: https://tge.karmainternational.com/documents/karma-whitepaper.pdf
BITCOINTALK ANN Thread: https://bitcointalk.org/index.php?topic=2273926
MY BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=1308879
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