KINEKT (XKN)

KINEKT is a blockchain integrated touch terminal for physical points of sale, which uses fingerprints and PIN codes for authentication. All transactions are governed by artificial intelligence.

Whitepaper

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What is KINEKT

KINEKT solution comprises two basic functional units:

• The KINEKT Terminal is a front-end device required by merchants to accept transaction requests. Transaction process consists of 3 steps: entry of payment data, two-factor authentication (fingerprint and PIN) and forwarding of data to the KINEKT Cloud by GSM as a "transaction request".
• The KINEKT Cloud Platform is the back-end transaction management aspect. The Cloud hosts data and forwards transaction requests to participating third party service providers.

The underlying blockchain architecture employs a hybrid design consisting of a centralized network, which enables KINEKT terminals to initiate and communicate transaction data to the KINEKT Cloud, and a decentralized network, which enables KINEKT Cloud Platforms to syncronize and backup participant data and to process end-user transactions across territorial borders.