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What is the Kirobo blockchain?


Kirobo is a draft israeli from blockchain who wants to create a logical level above each blockchain to protect users from human error.

The ultimate goal is to make the blockchain as simple and secure as online banking.

Kirobo has obtained the support of the Israel Innovation Authority, the government agency of the Israeli Ministry of Economy that is responsible for promoting the development of scientific and industrial research in the country.

They have already announced that they have created logical levels on the Bitcoin and Ethereum networks, but are also working on logical levels on other blockchains.

The founders and directors of the project are:

  • Asaf Naim, CEO and international tax expert,
  • Tal Asa, CTO and software development leader,
  • Yonatan Kagansky, CMO and marketing professional,
  • Nati Mark Schlesinger, CRO and blockchain encryption and OTC expert.

One of the things possible thanks to their solutions is the decentralized inheritance.

He traditional allocation process heritage requires that the deceased's assets be distributed by a manager in accordance with guidelines dictated by the deceased while he or she was alive. If the deceased did not leave a will, his assets are automatically distributed according to the laws of the country of residence.

There is no such thing in the cryptocurrency space, that is, in the absence of a will, the transfer of inheritance is likely to be particularly complicated. In fact, many cryptocurrency holders do not want to share their wallet with their relatives while they are still alive, even going so far as to hide their existence. In the event of willless death, this can mean the ultimate loss of access to those wallets.

With the solution developed by Kirobo, it is possible organize the inheritance of the wallet backup, so that they are available to the heirs after the death of the owner. All this happens automatically and without intermediaries, since it is possible to establish, for example, that funds held in an inactive wallet for more than a month are transferred to a backup wallet, and from there they can be automatically distributed to the heirs' wallets if the backup wallet remains inactive for more than 12 months, for example.

Another thing made possible by Kirobo solutions is the recoverable cryptocurrency transfer.

In fact, it is added a new level of protection for cryptocurrency transfers, which protects users from possible errors thanks to a transaction code, which the recipient must enter to receive the transfer, and the possibility for the sender to recover the funds at any time. time, in case the recipient does not provide the correct code.

This solution can be integrated into existing transfer processes with the only addition of the confirmation code that the recipient must enter to receive the funds sent.

The company has been in existence since 2018 and has raised the necessary funds through a private placement. You have not issued your own token.

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