KIRIK Review ICO

Kirik: Smart contracts try to enter the real economy

Blockchain is entering the economy, and soon smart contracts will replace signature and stamp agreements. How long does it take to make a smart contract? How does mathematical linguistics help? How are Russian scientists related to it?

Figure 1. KIRIK allows everyone to write a smart contract

The KIRIK development team led by Russian mathematicians provides a semantic meta-protocol - Smart Contract 2.0. In addition to the lines of code, there are phrases in Russian, English and any other language.

What is KIRIK?

A stand-alone software module that recognizes human speech and creates smart contracts without linking to a specific platform. This allows the blockchain to adapt to government departments and produce legal documents based on program code.

Figure 2. The concept of the KIRIK project: contract law in "human language"

● Easy to understand. KIRIK's smart contracts are clear to users who don't have programming skills. Creating smart contracts will be faster and easier.

● Automatic verification. The Semantic Intelligence contract will be checked automatically, which is why continuous monitoring can be set up in the CRM system. Financiers and lawyers will be relieved: if the contract is incorrect or overdue, it can be corrected in a few words.

● Visual Builder. Creating semantic contracts using templates, graphics, and properties is no more difficult than building graphics in Excel. Artificial intelligence "training" in mathematical linguistics recognizes semantic structures and completes intelligent contracts rather than users.

● Cross-blockchain support. KIRIK's smart contracts support different blockchain architectures such as the usual ERC 20, legacy protocols and other modifications. The program code is chosen by the user.

Developers have noticed that the platform is not only used for jurisprudence. These contracts, which are easily converted from human language to program code, will be useful in every economic area, such as bank officials.

The main function of the KIRIK contract

Figure 3. The work of the KIRIK contract is based on logic functions

Semantic intelligence contract. Semantic smart contracts are based on declarative logic verification, so the modular structure is not constrained by any block system. Modifying a KIRIK contract is useful to law firms, banking institutions, and government agencies.

God prophesied. Contract work is provided by logical functions (basic predicates) that are embedded in the system or requested externally. For example, a lease contract is made based on a standard template, and then the tenant wants to increase the cost of maintaining the exotic animal. The basic terms of the contract are loaded from the system, and the additional conditions are loaded from the external database of the legal document.

The convergence of different blockchains. The smart contract portion created according to ETH, NEO, RSK or Bitcoin standards can be integrated into the KIRIK contract without modification. This logic will simplify document turnover and make new smart contracts a universal solution for blockchains.

Semantic domain. KIRIK contracts can be easily extended and executed with other distributed servers (for example, on a blockchain architecture). The bank or state agency may copy the information in the KIRIK contract to the blockchain without losing any data.

Summary
Semantic modeling methods and cross-platform architectures allow KIRIK contracts to adapt to any branch of the real economy and bring legal effects to smart contracts.