KORA - Infrastructure for Inclusive Financial Systems. Connecting p...

Introduction

Kora is a popular musical instrument played in celebrational songs, or to pass a message of hope in the Western/Eastern region of Africa.And it is also a project of hope for billions of people who are undeserved by the current financial system. While there has been progress towards financial incorporation, intimately 2 billion adults don’t have a basic account worldwidely. Distance from a financial service provider, lack of necessary documentation paper, and lack of trust towards financial service providers.
It is expected to provide a low cost, final service platform for all by the KoraNetwork.Accessivle by SMS/USSD on feature phones or with Internet via a mobile app and powered by blockchain technology. Aims-Freethetrpped capital, intellect, and creativity of the long tail through self-sustaining, community-owned ecosystems.

Problems

Due to 5 main barriers access to financial service is uneven and expensive

 High cost of Serve
 Misconception that the Underserved have Little Value
 Lack of Identification Documents
 Lack of Trust and Technological Understanding
 Lack of Financial Literacy

Existing Solutions

There are many groups attempting to solve the five barriers mentioned above. Each has its own
approach and we believe each has some shortfalls.

 Banks
 Local Ad Hoc Networks
 Mobile Money
 Blockchain Projects

Kora provides an Infrastructure that addresses all of an emerging market’s needs
Kora supports everyone regardless of level of wealth
Kora is accessible without Internet or a smartphone
Kora empowers existing communities instead of disrupting them

Kora provides an infrastructure that addresses all of an emerging market's needs

Kora Ecosystem

Kora’s key differentiator is its ecosystem.
While preserving user privacy our blockchain stores identity and transactions, runs softwaere modules, and connects to other blockchains. We use TendermintDPoS as a consensus algorithm, allowing for scalability while maintaining decentralization. The blockchain is secured by the Kora Network Token (KNT).

eFlat are digital versions of national currencies that are 100% backed by cash reservers, and redeemable on a 1:1 basis that the users understand and trust.

CVNs (Community Value Network) empower the communities that already provide ad hoc financial services. CVNs can be utilized f0or use cases such as Farming cooperatives, Saving Groups, National Trade Unions.

Driving Adoption
• Universal Access
• Identity
• Low Cost

Network Architecture

Kora Network Token (KNT)

KNT is used as the staking unit for selecting block producers, as well as a single medium to pay for costs incurred by the Kora Network. Holding KNT is equal to having a partial role in the Kora Network.

Use Cases
• Money Transfer and Payments
• Lending and Loaning
• Agriculture
• International Distribution of Fundsre

KORA ROAD MAP

Token Sale Details

The goal of token sale is to decentralize ownership of KNT to ensure the crypto-economic stability of our network, and to exchange KNT for capital to execute on the vision of unleashing the world’s potential for wealth creation and becoming a leader in financial services.