What are the synergies between Polimec and KILT?

Polimec utilizes credentials issued on-chain by specialized, trusted third parties to ensure adequate knowledge and verification of all network participants.

For this purpose, Polimec uses KILT credentials. Credentials issued on KILT are pseudonymous, and no personal information is stored on-chain - hence all transactions and network participants on Polimec can be processed in a regulatory compliant and secure manner while preserving data privacy.

KILT will benefit from increased demand as the network participants must claim credentials to access the functionalities on Polimec. On the other hand, Polimec benefits the more KILT users there are, as users with existing credentials gain easy access to Polimec. As the first application of credentials for the purpose of KYC/AML, Polimec is the catalyst for KILT and the adoption of credentials.