NFT Spotlight #1 provides protection for NFTs

0xcert | NFT Spotlight # 1-kette. IO, protect your NFTs
Lao lu is a teacher at the university of Hong Kong



0xcert NFT Spotlight series aims to discover NFT hidden in the corner of the encrypted world.From games to CARDS, from protocols to support services, they are unique.

First up is Kette

Understand Kette

Kette Kate is a dynamic team of hackers, fraudsters, hipsters, and experts from a wide range of industries, from software to sports and business consulting, that offer Kate a broader perspective.

What do they do?

Kette protects people and organizations' most valuable assets, ranging from digital (media content and credentials) to physical equivalents.

How do they do that?

They built software-as-a-service (saas) based on NFT technology, which easily records ownership information and associated metadata for digital assets and tangible products in an immutable, distributed, encrypted, and secure common ledger.

What does Kette do?

Non-homogeneous q&a session

Is our goal, to showcase the unique ideas of the team on the same topic.

Kate's chief executive SandroStark spoke at NFT and lowered the microphone.

1. What do you expect to see in the NFT world in 10 years? The most creative answer has double points.

By 2028, non-self-driving cars are slowly disappearing from the road, and people are very keen to use augmented reality skin decoration for auto-sharing vehicles. The most valuable skin is a classic retro car named "tesla model" based on NFT.

2. For other NFT projects, which one would you nominate for the golden globe and why?

I think the golden globes are divisible, so I nominate three teams.

0 xcert, it makes the planet every developer can use this technology, Decentraland finished our common mission, to create the real cases, teach people the ownership of digital assets true value.

There are CryptoDecks, just because I often go there secretly take a look at the upcoming project.

3. Do you want your pet cat to be tagged on the blockchain, or do you want it to make a touchable 3D version of your favorite crypto-asset?

There is no doubt that I would love to be able to touch the 3D version. I chose NEO and hope the emergence of little ants will guide the decentralized future.

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

CryptoKitty#116509 used a neck attack while the Axie "s #5240's tail hit his left shoulder, CryptoKitty#116509 signaled defeat and Axie #5240 celebrated outside the Las Vegas arena.

5. Joke: Katte walks into a bar

Order a martini.

The bartender says, "dry?"

Kate said, "no, just one."

... and orders a martini.

The bartender asks「dry?」

Kette says「Nein, just one.」

Thank you so much to sandro stark and the Kette team!

I tried to translate NFT Spotlight #1. To be honest, I didn't say what I wanted to know, didn't understand the joke, and didn't know why I was interested in xiaoyi. I don't care about what team Kette is.

Here we turn to tease mode to find out, the website gives two examples, one is bicycle registration chain, one is crop insurance.

Asset register

Q: why should I register your bike?

A: high quality bicycles and e-bikes are targeted by organized criminals. Unlike automobiles or mopeds, they do not have any registration or proof of ownership to prevent theft or assist in investigations.

Using the process

1. Prepare the frame number, invoice, warranty and other documents

Register directly through their application

2. Received digital bicycle NFT

Lu yan lu language: at first glance this scene looks very reasonable, the motorcycle, the car has the registration not to steal. Expensive bikes (SAVA, GIANT) are easily targeted by thieves, and there is no way to prove that it is your bike.

In fact, he still can't solve the fundamental problem, expensive bicycle is easy to be stolen, should not strengthen the anti - theft measures, so that thieves can not easily ride away, is not equipped with a GPS.

If the registration right and ownership are solved, why not show the purchase certificate and the photo evidence of using it? It is not better to prove that you own the bike and are the owner of the bike than to deposit these on the block chain.

Three advantages?

Deter thieves

Convenient search

Resale value

Lu yan lu yu:

How does the thief know your bicycle is not on the chain, is ready to steal your bicycle also afraid you on the chain. Besides, NFT on the chain is not strongly related to the bicycle, just the bicycle is good, whether there is NFT or not has nothing to do with whether I can ride a bicycle. The main reason is not because you have been on the chain to have a deterrent, stolen after the corresponding bike can not be recovered, no deterrent.

I was stolen an ordinary bicycle before, because the structure of the bike is more unique, even if the thief painted paint is still recognized by me, the end of the direct back, stolen bicycle this matter is still very experienced.

Convenient search is not what advantage, put their invoices, warranty in a service, also need not on the chain.

The second-hand value of bicycles will not be retained because of NFT, but only because of the degree of new and old in reality and the buyer's purchase intention. The buyer only needs to ask for the use time of the license, and NFT may not match the bicycle in reality.

Crop insurance



How does it work?

Farmers sign up for weather insurance products and pay the premiums by phone or cell phone wallet

Smart contracts with farmer ids and GPS data are deployed on the blockchain

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

After the meteorological threshold is reached, the insurance premium is paid to the farmer through automatic mobile remittance

Lu yan lu yu:

The second step is to replace the block chain with a centralized database. IOT sensors have been sending data interactively with the contract, and automatic remittance has been made upon reaching the threshold condition.

Too much of an ideal, no matter who is guilty of evil behavior will not be punished.

Insurance companies can receive premiums and then refuse to serve, and farmers are reneged on payments they should have received.

The paradox is that the contract and the contract exist at the same time but in the opposite case, to believe the contract or to believe the contract. If you just believe in the contract you don't have to have a contract, if you just believe in the contract what do I want to do with the contract?

Farmers can interfere with or damage IOT physical devices during the insurance period. Will the insurance company automatically pay the premium for the compensation caused by this?

The distrust problem in the insurance industry needs to issue relevant laws to restrain both parties and govern their irregular behaviors according to law. Instead of treating the symptoms but not the root causes, block chain should be used to solve the trust problem. Block chain has been unable to solve the trust problem, but the cost of crime can deter both parties.

Connect physical assets with blockchain and IOT sensors to increase efficiency and mutual trust among partners. From the sight of regulated supply chains to the content and authenticity of media companies.

Application scenario: in developing countries, only 20 percent of small farmers buy agricultural insurance, and in sub-saharan Africa, the share drops further to 3 percent.

Three advantages?

Asset-rich - cash-poor, with more than 500 million small farmers worldwide selling to European and U.S. markets, risky investments and new plant varieties are needed.

Untapped markets, customer acquisition costs and claims processes are too expensive for insurers to provide the protection farmers need today.

Farmers' risk, this high-risk investment combined with weather uncertainty caused by climate change, puts farmers at a high risk of exporting!

Lu yan lu yu:

Agricultural markets and market needs are poorly understood, let's assume so.

Insurance companies will not be rich do not earn, is not unable to protect for farmers, feeling is unable to distinguish fraud insurance behavior?

Farmers planting risk is an objective factor, the insurance industry and farmers are uncertain and unable to determine.

Conclusion: this project started in March 2018 and twitter stopped in November 2018, the last milestone in the official roadmap, they should have finished their description by 2019 Q4.

However, in that crazy era, everyone thought blockchain was an unprecedented revolution. If you use blockchain to solve the population problem, people believe it. Now, some ideas are just a farce full of holes. Blockchain has applications, NFT also has usage scenarios, which is not the case at present.

This is a series of about 30 articles related to NFT, which I will translate and update if I have spare time.

Source:mp.weixin.qq.com

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