Distributed ledger technology and business ready smart contracts at the core of QKIP’s core value proposition.
A smart contract, also known as a crypto contract, is a computer program that directly controls the transfer of digital currencies or assets between parties under established conditions.
Smart contracts are self-executing contracts, with the terms of the agreement between the parties being directly written into the lines of code. The code and the agreements contained therein exist across a decentralized network using distributed ledger technology.
A smart contract is used to define the obligations, rules and penalties around an agreement in the same way that a traditional contract does, but it delivers the additional benefit of being able to automatically enforce those terms and conditions.
In the case of QKIP, our smart contracts represent agreements which provide incontrovertible confirmation that any certification body has indeed issued a certificate/badge to a qualified individual or organization.
Stored in a distributed ledger that is accessed through the QKIP portal, these smart contracts can be made available by the recipient either freely or on a pay-per-view basis.
Viewed anywhere via the click of a button or the touch of a smart device screen, QKIP smart contracts contain incorruptible proof that the recipient – whether an individual or an organization – has met all the requirements of the certification and that their identity has been verified.
It provides a previously-unavailable solution to the general problem of trust in business and employment engagements.
QKIP uses a decentralized platform that runs smart contracts. It is an open-source software platform that facilitates the development and deployment of decentralized applications such as QKIP which is based on business ready distributed ledger technology.
Applications run exactly as programmed without any possibility of downtime, censorship, and fraud or third-party interference.
QKIP is coming. You can download the white paper here.
Say Hello to the ultimate certificate keeper
The objective of the QKIP project is to be the ultimate certificate keeper. We will provide a platform, using Blockchain technology, that will store and verify the authenticity of each Certificate or Digital Badge in the ledger while validating the identities of both the recipient and the certification body that issues them.
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