The Berlin-based company BOTLabs, founded by Ingo Rübe and Hubert Burda Media, is developing the blockchain-based KILT Protocol: KILT’s goal is to establish a trust market to confirm claims. Attesters thus have the opportunity to monetise existing trust and verifiers benefit from structures that allow them to trust Attesters. The basis for this trust market is that market participants agree on common standards (CTYPES) to describe properties.
KILT is a protocol enabling a fully decentralized claim based Trust Market using blockchain technology. It places claim standardization at the center, providing interoperability between different internet services and applications. This infrastructure is built on top of self-sovereign-identity principles, which means the identity and its claims are controlled by the owner of the identity.