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Huy Nguyen is Co-Founder of KardiaChain (a decentralized interoperable and self-optimized blockchain infrastructure), with over 10 years of experience in building large-scale distributed infrastructures. Huy has a track record of leading many high profile projects, most notably Google Access Wireless Platform and Google Fiber Network Infrastructure.
What is the Genesis Story Behind KardiaChain?
KardiaChain was founded on the belief that blockchain technology will change society as we know it. Solutions such as smart contracts that are capable of running autonomously on the blockchain will have a huge impact on how we interact, reach agreements, or even exchange value with one another well into the future.
The challenge however is that by design, most blockchains are built to be closed networks. This means that like different operating systems, the applications that run on one blockchain cannot operate on a second blockchain. For instance, you cannot use Bitcoin on an Ethereum based application.
Almost all blockchains are built with this inherent flaw where the network operates as a one-size-fits-all solution. KardiaChain’s team however expects the use cases of blockchain technology to unfold differently in the real world. Similar to the internet (interconnected-networks) being a gigantic network of networks where you can move files and applications from one platform to the next seamlessly without any need for change, Kardiachain aims to build an internet of blockchain that connects to numerous other publicly available blockchains in what is expected to be the future of the internet.
Each of these individual blockchains will have a different design to serve specific purposes where smart contracts are deployed in an ecosystem that allows everyone to benefit from the features inherent to each blockchain. For instance, you can enjoy DeFi platforms on KardiaChain’s native network and easily move your asset to Ethereum’s network or lock them in Binance’s emerging ecosystem of decentralized applications.
For this reason, KardiaChain decided to build a smart ecosystem as the heart of a smart organism, facilitating blood flow in terms of traffic or transaction to every part of the body or every connected blockchain. The network also follows an integration without assimilation approach, which focuses more on simplicity and ease-of-use from the perspectives of both end-users and Dapp developers. This is Kardiachain’s solution to interoperability.
KardiaChain chose Gate.io to launch an IEO (Initial Exchange Offering) on Gate.io, how was this experience?
KardiaChain was the first project in 2020 to perform an IEO (Initial Exchange Offering) on Gate.io. Gate is an established exchange with high business ethics in the space. At the time of our IEO, Gate users were professionals and crypto veterans, even though the exchange has currently become more popular among newcomers as well.
The KardiaChain team experienced synergy with the Gate.io team throughout the process and continues to work towards what is best for the investors and traders regardless of the macro market movements. To date, KAI (KardiaChain’s native token) is still among the highest ROI of Gate’s IEOs, comparable to projects launched on other top-tier exchanges.
Why is fragmentation of the blockchain ecosystem such a problem?
With the currently fragmented blockchain ecosystem, interoperability solutions are being offered by public blockchains such as Cosmos or Polkadot. However, what makes these projects “invasive” is the fact that connecting blockchains are required to adhere to a set of predefined rules to join the interoperable network and communicate with other blockchains.
KardiaChain is capable of interconnecting all types of blockchains by facilitating “non-invasive” interoperability, which means that different blockchain networks, regardless of their protocols, can connect to KardiaChain without needing any technical alterations or reconstructions.
This allows blockchains to fully preserve their sovereignty while significantly reducing time and costs for a blockchain to become capable of cross-chain communication.
To tackle the interoperability challenge, and subsequently the scaling issue of the entire blockchain ecosystem, KardiaChain aims to provide a unified infrastructure that can develop solutions that can run on multiple platforms by enabling the interoperability among them and while leaving the implementation as simple as possible from the perspective of developers.
KardiaChain’s goal is to create a unified ecosystem that combines the collective strength of all participants and to lay the foundation for the upcoming mass adoption of blockchains and decentralized technologies.
How is KardiaChain going to solve this problem?
KardiaChain solves the adoption problem for blockchains using proprietary technology. This is achieved through a B2B2C model that simultaneously expands the network’s functionality as well as scalability. With KardiaChain’s private-public hybrid solution and Kardia’s public blockchain Dual-node, businesses can enjoy cost-effectiveness and privacy-centric functionality on the Kardiachain ecosystem while also offering transparency to users with the simple push of a button.
Plus, blockchains that come into the KardiaChain ecosystem open even more doors of opportunities for collaborations between these businesses, such as data sharing and cross-promotion.
The KardiaChain team is also pioneering the application of blockchain technology in real estate, human resource management, film, media, sports, games… Collectively the KardiaChain Blockchain could serve tens of millions of users when all products and services are fully launched. And most of these users will be completely unaware that blockchain is running underneath their application. That’s the beauty of true mass adoption.
What is KardiaChain’s Dual Node technology?
Dual Master Node (or Dual Node for short), is a novel patent-pending technology that would truly revolutionize multi-chain swapping. With Dual Node, users would be able to swap tokens from any blockchain ecosystem without any integration from the partner chains. Dual Node has three prominent components: Translator, Router, and Aggregator.
This solution provides a practical and non-invasive way to facilitate secure and decentralized interchain connection, reducing costs and increasing speed.
Another technological solution is Smart Contract Markup Language (KSML), what is this precisely?
Developers can easily switch to new blockchain technology using the smart contracts APIs on KardiaChain with their familiar tools and languages. KSML is designed with a programming language that is easy to understand, is ready-to-use, and supports most of the operations that a smart contract may involve. By composing smart contracts using KSML, developers can easily deploy their solutions to any blockchain that is supported by the ecosystem of KardiaChain without any extra effort.
What is your vision for the future of blockchain and cryptocurrency in five years?
Soon, people will talk less about blockchain technology and more about applications on top of it. Much like today, we don’t talk much about the internet but more about our social media activities. Most people will own several different tokens to use in different activities. There will be a dominant blockchain for a specific sector. All blockchains will be interconnected, to a certain extent.
Thank you for the great interview, to learn more visit KardiaChain.
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