Dec 14, 2018
KIBIS is an innovative kiosk supplier and operator that plans to become the principal payments provider for millions of people around the world. Using kiosks and offering a wide variety of services KIBIS will become a secure, fast and efficient option for people to easily access financial services whenever and wherever they want. KIBIS kiosks will be used to make payments, such as paying a utility bill or topping up credit on a mobile phone as well as being able to buy cryptocurrency exchange vouchers.
Kiosks will be placed in highly-accessible places such as shopping centers, squares, and popular attractions; this represents an opportunity for business partnerships with companies using our self-service kiosks to promote their brands to millions of potential customers on an almost-daily basis. We are launching our own utility token on the Ethereum blockchain that will enable our user community to become part of a universal, decentralized payment network. The KIBIS coin will allow our users to transact on the self-service kiosks, entitle discounts from our service providers and advertisers. Moreover, providing reward tokens over a 36-month term as the intrinsic value of the coin increases participants benefit every month.
KIBIS has identified a widespread and serious problem that existing technology and payment networks have failed to solve. Through our innovative self-payment kiosks we have found a solution that brings financial services to millions of people; one that takes full advantage of cutting-edge technology that in the coming years will overhaul the foundations of the current payment infrastructure.
Our multi-faceted project incorporates self-service kiosks, blockchain architecture, advertising revenue streams and cryptocurrency mining. KIBIS coin will decentralize market transactions, order book matching execution and high throughput payments with our e-Wallet payment network. All of our self-service kiosks will be equipped with mining equipment; we will have access to low-cost electricity that will enable KIBIS establishing an efficient and prominent mining pool — a new and independent revenue stream.
There will be numerous applications and a high frequency of state transitions, currently not possible on the Ethereum main-net.
Therefore we will create our own side chain or partner with another initiative, connected to the main chain with a trusted or trustless relay. This approach enables the KIBIS network to run at a reasonable scale, while allowing users to continue to directly own their digital assets and transfer them back to the main chain through a relay.
The off-chain process will mean that transaction will traverse KIBIS’ VPLS (Virtual Private Lan Service). Each transaction requires a SHA1 + RSA electronic signature. Sending the equipment code (unique code of equipment installed in payment acceptance outlet) in each package with the original saving of the code on server and further checking of it. If equipment code in the request does not match with the stored one, the packets are not cleared. This type of protection prevents theft of kiosk keys and use of them for fraudulent payments.
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KIBIS multi-faceted project incorporates self-service kiosks, blockchain architecture, advertising revenue streams and cryptocurrency mining. Using kiosks and offering a wide variety of services KIBIS will become a secure, fast and efficient option for people to easily access financial services whenever and wherever they want.
Through its innovative self-payment kiosks KIBIS has found a solution that brings financial services to millions of people; one that takes full advantage of cutting-edge technology that in the coming years will overhaul the foundations of the current payment infrastructure. This makes the project viable and I would invest in it.
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