NFT Spotlight #1 - Kette.io,The 0xcert NFT Spotlight series aims to discover NFTs hidden in the corners of the encrypted world. From games to cards, protocols to support services, they are full of uniqueness.

Article Source:0xcert.org/news

Translation: old land

Hash：HQmcJHPurkKAG6rt3zERPukx7KUUYfnEweAg3T82y5G5cpJ

The 0xcert NFT Spotlight series aims to discover NFTs hidden in the corners of the encrypted world. From games to cards, protocols to support services, they are full of uniqueness.

First up is Kette

📢 Get to know Kette

💪 What do they do?

💪 What do they do?

🔧 How do they do this?

🔧 How do they do this?

They built their software-as-a-service on top of NFT technology, which easily records ownership information and related metadata of digital assets and tangible products in an immutable, distributed, encrypted, and secure universal ledger.

🔧 What does Kette do?

Every project is unique in the world, and their team members are just as unique. Through our five-step question-and-answer format, it is our goal to make every project announced irreplaceable, and to show the unique thinking of the team under the same theme.

Non-homogeneous question and answer session

Every project is unique in the world, and their team members are just as unique. Through our five-step question-and-answer format, it is our goal to make every project announced irreplaceable, and to show the unique thinking of the team under the same theme.

1. What do you predict will appear in the NFT world in 10 years? The most creative answer gets double points.

1. What do you predict will appear in the NFT world in 10 years? The most creative answer gets double points.

2. Of the other NFT projects, which one would you nominate for a Golden Globe and why?

2. Of the other NFT projects, which one would you nominate for a Golden Globe and why?

I think the Ballon d'Or is divisible, so I'm nominating three teams.

0xcert, which makes this technology available to every developer on this Odaily, Decentraland fulfills our common mission to create real use cases and teach people the true value of digital asset ownership.

And CryptoDecks, just because I often go there to sneak a peek at this upcoming project. 3. Do you want your pet cat to be tokenized on the blockchain, or a tactile 3D version of your favorite crypto asset?

4. A CryptoKitty and an Axie enter the ring, who will win?

4. A CryptoKitty and an Axie enter the ring, who will win?

5. End joke: Katte walks into a bar

5. End joke: Katte walks into a bar

Order a martini. 🍸

The bartender asked "What?"

Kate said "No, just one."

... and orders a martini. 🍸

The bartender asks “dry?”

Kette says “Nein, just one.”

Big thanks to Sandro Stark and the Kette team!

After trying to translate NFT Spotlight #1, to be honest, the content I want to know the most has not been said, the jokes have not been understood, and I don’t know why I am optimistic about Xiaoyi. I don’t care what team Kette is. Now I just want to know what it can provide us What service and why should I use it?

Next, let's start the Tucao mode to find out. The official website gives two examples, one is bicycle registration and chaining, and the other is crop insurance.

asset registration

Q: Why should you register your bike?

A: High-quality bicycles and e-bikes are targeted by organized criminals and, unlike cars or mopeds, do not have any registration or proof of title to prevent theft or assist in investigations.

manual

Lu Yan Lu Yu: At first glance, this scene makes sense. Motorcycles and cars are registered and cannot be stolen. Expensive bicycles (SAVA, GIANT) are easy to be targeted by thieves, and it is impossible to prove that the bicycle is yours if it is stolen.

In fact, he still can't solve the fundamental problem. Precious bicycles are easy to be stolen. Shouldn't anti-theft measures be strengthened so that thieves can't easily ride them away? It's really impossible to install a GPS.

If the right of registration and ownership are resolved, why not show the proof of purchase and photo evidence of using it, which is better than storing these on the blockchain to prove that you own the bicycle and are the owner of the bicycle.

Three advantages?

Lu Yan Lu Yu:

How do thieves know that your bicycle is not chained? They are afraid that you will wind up your bicycle even if they are ready to steal your bicycle. Besides, the NFT on the chain is not strongly related to the bicycle, as long as the bicycle is fine, whether there is an NFT or not has nothing to do with whether I can ride a bicycle. The main thing is that you can’t have a deterrent just because you have been on the chain. After being stolen, you can’t recover the corresponding bicycle, so there is no deterrent.

I have had ordinary bicycles stolen before. Because of the unique structure of that bicycle, even if the thief painted it, I still recognized it, and finally asked for it back. I am still very experienced in the case of stolen bicycles.

It is not an advantage to be convenient to search. It is not necessary to store your own invoices and warranty in one service.

The advantage of retaining the second-hand value is a bit forced. The second-hand value of the bicycle will not be retained because of the NFT. It will only be affected by the actual newness and the buyer's willingness to purchase. The buyer only needs to prove the use time. Besides, the NFT and the real bicycle Not necessarily the right number.

Crop Insurance NFC+NFT

How does it work?

Farmers sign up for weather insurance products, pay premiums by phone or mobile wallet

Deploy smart contracts with farmer ID and GPS data on the blockchain

Using meteorological data and IoT sensors, throughout the season, smart contracts collect weather data: rainfall, temperature, humidity, sensors.

Paying farmers insurance premiums via automated mobile remittances when weather thresholds are reached

Lu Yan Lu Yu:

There is no problem in the process. Farmers buy insurance products to pay insurance fees. The second step is to replace the blockchain with a centralized database. The IOT sensor has been interacting with the contract to send data, and the threshold is automatically remitted.

It's too ideal, no matter which party commits evil deeds, it will not be punished.

Insurance companies can refuse to provide services after receiving premiums, and farmers should have received compensation but were backed out.

The paradox lies in the fact that contracts and contracts exist at the same time but are opposite, whether to believe in the contract or to believe in the contract. If everyone only believes in contracts, there is no need for contract constraints. If everyone only believes in contracts, what else should I do with contracts?

Farmers can interfere with, damage, etc. IOT physical equipment during the insurance period. Will the insurance company automatically pay premiums to farmers for the compensation results caused at this time?

The problem of mistrust in the insurance industry requires the introduction of relevant laws to restrain both parties, govern the irregular behavior of both parties according to law, and do not use the blockchain to solve the trust. The blockchain has not been able to solve the trust problem, and the cost of crime But it can deter both sides.

Improve efficiency and enhance mutual trust between partners through the connection of blockchain and IOT sensors to physical assets. From regulatory supply chain scenarios to content and authenticity for media companies.

Scenarios: In developing countries, only 20% of smallholder farmers have agricultural insurance, and in sub-Saharan Africa, this proportion drops further to 3%.

Three advantages?

Lu Yan Lu Yu:

I don't know much about the agricultural market and market demand, so let's just think that's the case.

The insurance company will not make money and not make money. It is not that it is unable to protect farmers. It feels that it is unable to distinguish fraudulent insurance behavior?

epilogue

epilogue: This project started in March 2018, Twitter stopped in November 2018, the last milestone of the official roadmap, they should finish what he described in 2019 Q4.

Backfired, in that crazy era, everyone believed that the blockchain was an unprecedented revolution, and everyone believed that you could use the blockchain to solve the population problem, but now it seems that some ideas are just a farce full of loopholes. Blockchain has applications, and NFT also has usage scenarios, but it is not used in this way at present.

This is a series of about 30 NFT-related articles. If I have spare time, I will translate and update it.

Reminder: The general public is reminded to be alert to illegal fund-raising and fraudulent behaviors using blockchain as a gimmick, improve risk awareness and discernment, do not blindly follow the trend of investment, and rationally view blockchain technology and its application. This article does not serve as any investment advice or reference .