Kora Network is an infrastructure for inclusive community-owned financial systems. This project provides the tools needed to build a self-sustaining, community-owned ecosystem for circulating and accumulating capital within a community. This includes the ability to validate identity, and to use that identity to store, transfer, or lend money, to make payments, and to provide or access value-added services like lending, marketplaces, benefit distribution and digital education, even without internet access or a smartphone through channels like SMS or USSD. An infrastructure for inclusive financial systems connecting people, communities, and capital. The Kora Blockchain Project is a project of hope for billions of people who are underserved by the current financial system and are burdened by expensive and inconvenient access to financial services.
Kora Blockchain stores identity, transactions, software modules, and connects to other blockchains while preserving user privacy. Kora Blockchain uses Tendermint DPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT).
Kora Network is a financial services infrastructure whose mission is to connect people, communities, and money in one ecosystem. As such, it offers financial services to users through SMS, USSD interfaces, smartphones, and in person access.
National currencies are picked in form of tokens that are used to build networks which form blocks of transactions to users all over the world. Token details are soon to be released on their site and interested parties can sign up for further information and updates. Additionally, Kora intends to work within the boundaries of the present financial system to comply with governmental rules and procedures.
From the information on Kora’s website, the enterprise promises low transaction costs for users. The main purpose is to connect and empower local communities with access to tools and services that will allow them obtain instant financial freedom even without a smartphone or Internet access. You don’t even have to understand what technology is and how it works. Moreover, there’s no need to understand finance or English.
Kora meets everyone at their level. If Kora network sticks by its mission, this is a project that can bring hope to billions of people in the world who are underserved by the currently existing financial systems. It removes the burden and complexities of expensive and inconvenient financial services.
Kora Network Token (KNT) Pre Sale launches on 19th Feb 2018. Kora Blockchain 2.0 is scheduled to Launch in Nov 2018.
More detail: http://www.kora.network/
Bounty also available: https://bountyhive.io/browse/Kora%20Network
