PAID Network Partners With KardiaChain to Promote Blockchain Adoption Among Traditional Businesses

PAID Network and Kardiachain team up to reduce barriers to Blockchain Adoption

We’re delighted to be announcing a new partnership with yet another exciting project, as PAID Network unites with KardiaChain, an enterprise focused project committed to bringing more traditional businesses onto blockchain through a variety of solutions. Given PAID’s focus on making business agreements more efficient, this is a natural partner for us to work with as we expand our decentralized legal toolkit.

2021 is seeing a huge uptake in businesses adapting blockchain as a way to reach customers, to finance projects, or of course, to store wealth. However, one factor that has proved a stumbling block to mass adoption is the complexity of blockchain technology. KardiaChain’s vision is to provide a service that facilitates mass adoption and circumvents the need for major education in the market.

Because KardiaChain is ERC-20 compatible, our Ethereum source code can be effortlessly integrated onto KardiaChain. With many users from retail and traditional enterprises, KardiaChain promises vast exposure for PAID’s smart contract technology.

Focused on private enterprise and the public sector

KardiaChain is a public blockchain platform focused on providing blockchain solutions and integration for both private enterprises and governments. It is apparent across all the services they provide that this is a company focused on making blockchain technology as accessible to the general public as possible.

Their KAI membership app allows users to simply and easily interact with blockchain in a variety of ways. The app allows users to earn, store, and spend KardiaChain’s native token, KAI. On top of that though, the app will offer many DeFi utilities, giving its user base access to token collateral, lending, credit line and staking.

Another key instrument for bringing crypto to the masses is their new invention, Dual Node. Dual Node allows simultaneous access to the ledger of KardiaChain and one other blockchain of choice. This will facilitate the mass adoption of blockchain technology as users are able to seamlessly interact with different cryptocurrencies. KardiaChain can also process 6,000 transactions per second, and offers faster transactions and lower gas fees than Ethereum.

KardiaChain is currently working with major service providers in Vietnam and across Southeast Asia. Blockchain security is already provided by a Delegate Proof of Stake consensus from the 20 biggest corporations in Vietnam.

KardiaChain offers customers and businesses a way to interact with blockchain without understanding the underlying technology. This philosophy is going to prove to be one of the driving forces of the crypto industry’s push into the mainstream.

We formed this partnership because of KardiaChain’s commitment toward mass adoption of blockchain and understanding of the enterprise market. We are very excited to be working with an organization that’s so dedicated to bringing crypto into the mainstream, and are looking forward to being able to share more in the coming months as we work more closely with KardiaChain!

About Kardiachain

KardiaChain is a public blockchain platform focused on interoperability and providing hybrid blockchain solutions/infrastructure for enterprises and governments in Vietnam and other countries in South & East Asia. Our Dual Node technology allows cross-chain communications between any public and/or private blockchain regardless of protocol. This provides easy-to-adopt solutions for institutional clients.

The platform relies on a native token, KAI, which is used for staking, transaction fees, participating in services and deploying smart contracts. KardiaChain was first announced in October 2018, and its mainnet went live in December 2020.

About PAID

PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.

PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.

PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.

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