Kalima offers a layer-1 blockchain network that enables enterprises to build and run decentralized applications on Internet-of-Things (IoT) devices. The network is composed of permissioned blockchains called “PrivaChains,” which can be used to manage data and connect to other public blockchains, and a public proof-of-stake “MainChain,” which hosts the Kalima’s native token, KLX. Developers can use this combination to build applications that extract permissioned data from a PrivaChain and use it on a public blockchain. The network’s token functions as a “purpose utility token,” enabling users to pay for transactions and access blockchain services on the protocol.
Furthermore, Kalima also offers data lakes, which enable users to tap into authorized data from other blockchains to run analytics workflows, dashboards, visualizations, statistics, big data processing, or machine learning. The protocol also leverages native smart contracts to enable AI inferences to be executed at the edge of a user’s network.
Funding and financials
In July 2023, Kalima secured USD 10 million in investment via an agreement with ABO Digital to develop its enterprise solutions for industrial companies and secure strategic partnerships within the IoT and blockchain ecosystem. During the same period, Kalima also announced that it would be carrying out a 24-hour private sale of its native “KLX” token on Pinksale, a crypto token launchpad, in order to create a liquidity pool on Uniswap.
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