Kalima Client Side Smart Contract Now Able to Execute Lightning Transactions – Press Release Bitcoin News


PRESS RELEASE. Paris and Thorigne Fouillard, France August 18, 2022: Kalima client side smart contract is now able to execute Lightning transactions. Kalima and Kerlink present a demonstration on how to accelerate the adoption of smart contracts for enterprise and the Internet of Things (IoT) at the Surfin’ Bitcoin event. During the Surfin’ Bitcoin eventwhich will take place from August 25th to 27th, 2022 in Biarritz, Kalima [FR60749951927]a provider of blockchain solutions for enterprise and the Internet of Things, and Kerlink ((AKLK – FR0013156007), a specialist in solutions for the Internet of Things (IoT), will conduct a technical demonstration of the combination of blockchain and cryptocurrencies for execution of smart contracts to accelerate their adoption by businesses.

IoT and enterprise-focused smart contracts using Bitcoin over the Lightning Network

The Lightning Network is a decentralized Layer 2 network designed for instant micropayments on Bitcoin. Layer 2 solutions act as the overlay a pre-existing blockchain and solve the transaction scalability and speed issues that the main blockchain (layer 1) cannot be addressed effectively enough. This feature of the Lightning Network technically enables users to implement instant, high-volume micropayments in bitcoins. So far, no technical solution has met this need for smart contracts in the Bitcoin network.

Kalima and Kerlink are working together on a new solution for smart contracts, based on the Kalima Blockchain industrial protocol built specifically for enterprise and IoT that will enable Lightning Network (Bitcoin) microtransactions. The goal is simple: enable Bitcoin payments using the Lightning Network layer and authenticate/secure corporate and IoT data thanks to the Kalima Smart Contracts in place.

That Kalima Protocol therefore offers the possibility of embedding blockchain in connected objects, processing the data directly in the sensor and adding value to it (e.g. contextualization), respecting its native authenticated and traceable nature. Kalima’s differentiator lies in its ability to run its smart contracts at the edge, thus processing data at the narrowest point in the company’s processes (the sensor), rather than storing and processing a data cluster in the cloud.

The Kalima Smart Contracts then operate “on top” of the Lightning Network, and the data is kept outside of Bitcoin transactions and the circuits and nodes that make up the Lightning Network. call it a Layer 3 solution for Bitcoin the Kalima protocol offers would even make sense given the properties of the protocol.

On this basis, Kalima and Kerlink a technical proof of concept (POC) in which a Kalima embedded Kerlink LoRaWAN® gateway manages “on-chain” data. The gateway grants the transmission of the data collected by sensors to the central platform in charge of data analysis (cloud computing scenario), or the processing and filtering of data at the edge (inside the gateways) and only the transmission of crucial data ( edge computing scenario).

With this solution:

  • The Bitcoin blockchain is used to manage and ensure ownership, access rights and avoid double-spending problems,
  • The Lightning Network is used to scale micropayment transactions (speed and volume) and
  • The Kalima/Kerlink combination adds value to the gateway, limits resource consumption, and delivers response times and transaction volumes compatible with industry requirements.

Technical demonstration based on a real experience at Surfin’ Bitcoin

On August 25-27, Kalima and Kerlink will demonstrate a concrete IoT use case of smart contracts for Lightning Network and Bitcoin during the Surfin’ Bitcoin event in Biarritz.

The workshop will demonstrate how the Kalima protocol can trigger micropayments in Bitcoin on the Lightning Network by executing smart contracts in a Kerlink LoRaWAN® gateway, matching IoT scenarios and parameters.

The focus of the PoC will be on employee and worker protection and in particular on the topic of Internal air quality management (IAQ) in company workspaces. The scenario shows how the deterioration in air quality is detected by a sensor that immediately sends the alert to the company. Upon receipt of this warning, the company is instructed to take the necessary and appropriate measures without undue delay to respond effectively to this deterioration. A simple reaction from the team, such as B. ventilating the building by opening the windows, quickly brings the indoor air quality back to its normal level. This active behavior to regularly improve building air quality is then rewarded, in this case with Bitcoin, granted to the building management team(s).

This workshop will concretely illustrate the real technical feasibility of the Kalima/Kerlink solution and present a simple and virtuoso use case made possible by this technical enabler.

About Kerlink

Kerlink Group is a leading global provider of connectivity solutions for the design, deployment and operation of public and private networks for the Internet of Things (IoT). Its comprehensive range of solutions offers industrial-grade network equipment, a high-performance core network, network operations and management software, value-added applications and specialized professional services, backed by strong R&D capabilities. Kerlink specializes in providing access to intelligent and scalable IoT connectivity for three main domains: smart cities and quality of life – urban operations, energy distribution and metering, shops and public spaces, infrastructure and hubs, quality of life and health; Smart Building and Industry – buildings and real estate, industry and manufacturing, and asset monitoring and tracking; and Smart Farming and Environment – ​​Precision Farming, Animal Monitoring and Climate, and Protection of Fauna and Flora. More than 200,000 Kerlink installations have been deployed to more than 350 customers in 70 countries. Headquartered in France with offices in the United States, Singapore, India and Japan, Kerlink is a founding member and board member of the LoRa® Alliance and the uCIFI™ Alliance. It is listed on Euronext Growth Paris under the symbol ALKLK.

For more information, visit www.kerlink.com or follow us on our social media – Twitter @kerlink_news, LinkedIn #Kerlink, YouTube – Kerlink

About Kalima

Kalima is a provider of blockchain solutions for enterprise and the Internet of Things. Kalima solutions are developed via the proprietary Kalima Blockchain protocol. The Kalima Protocol is a network of 3rd generation blockchains that enables the scalability and independence that meets the current and future needs of the industry. Kalima Blockchain can act as Layer 2 or Layer 3 of Bitcoin, implementing client-side smart contracts at the edge where up to 85% of the data can be processed. Kalima is a network of permissioned blockchains that enables secure data access and confidential monetization, including for industrial players. As part of its private sales round, Kalima announced that its ICO will take place in the coming months. Designed from the ground up for IoT applications, the Kalima blockchain offers companies the opportunity to create their own permissioned blockchain to develop their decentralized applications completely independently. The mature and scalable Kalima blockchain is the most suitable and efficient IoT blockchain on the market for developing industrial applications.

Information and exclusivities will be provided on Kalima social networks in the coming weeks, join the Kalima project and the decentralized revolution for business and the Internet of Things: https://linktr.ee/Kalima_KLX

Visit www.kalima.io for more information

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