Kaspa.org: Kaspa Industrial Initiative (KII) Launches to Revolutionize Industrial Sectors with Next-Generation BlockDAG Technology

18th July 2024
The Kaspa Industrial Initiative (Kii) proudly announces its official launch, aimed at leveraging Kaspa’s groundbreaking BlockDAG technology to drive innovation, efficiency, and security across key industrial and enterprise sectors.

Kii is building a global network of leading companies, supported by top industry players, to champion the adoption of Kaspa’s next-generation platform. Our mission is to unlock unprecedented levels of scalability, security, and decentralisation for industrial and enterprise applications in finance, supply chain, energy, gaming and the public sector.

Kaspa’s BlockDAG Technology: Solving the Blockchain Trilemma
Kaspa’s BlockDAG (Directed Acyclic Graph) technology represents a quantum leap in blockchain evolution. Unlike traditional blockchains, Kaspa effectively solves the infamous blockchain trilemma by simultaneously achieving:
1. Scalability: Allowing for parallel block creation, significantly increasing transaction throughput.
2. Security: Maintaining a robust proof-of-work consensus mechanism for unparalleled network security.
3. Decentralisation: Ensuring a truly distributed network without compromising on speed or security.
This groundbreaking approach addresses key challenges in the blockchain industry, making it ideal for large-scale industrial applications that require high performance and reliability.

Leadership Team
Chairman: Paul van Son

Paul van Son brings over 40 years of experience in supervisory boards, executive boards, and operations management positions within the international energy sector. As the founding CEO and now President of Dii Desert Energy (www.dii-desertenergy.org) a network of 110+ Dii partner companies across 35 countries, paving the way for ‘net zero emission’, secure and affordable energy. Paul has been a pivotal force in the energy transition across Europe, West Asia, and Africa. Under his leadership, the renewable energy industry, particularly solar power, transformed from one of the most expensive to the cheapest forms of energy.

Paul’s extensive experience includes roles as Innogy’s Country Chairman for the MENA region, and founding Managing Director of Essent Energy Trading. He is also the co-founder and honorary President of the European Federation of Energy Traders (EFET) and holds several key board positions in the energy and commerce sectors.

“Throughout my career, I’ve witnessed how innovative technology can transform entire industries. Kaspa’s BlockDAG technology has the potential to redefine blockchain’s role in industry by offering unparalleled scalability and security without compromising decentralisation. We’re not just building a network; we’re laying the foundation for a new era of industrial blockchain applications that could dramatically reduce costs and increase accessibility across sectors.” – Paul van Son

Secretary General: Bara Greplova

Bara Greplova brings over 7 years of blockchain experience to her role as Secretary General. She currently heads Institutional Relations at the International Association for Trusted Blockchain Applications (INATBA), where she works with over 230 leaders across industries, academia, and the public sector to promote sustainable blockchain adoption. Previously, Bara served as Secretary and Board Member at INATBA, co-chairing the Energy and Climate Action Working Groups, and contributed to Blockchain Ireland’s Enterprise Working Group.
Bara’s diverse background includes leading a consultancy advising on innovative technology projects, project management and leadership roles in various tech companies, and producing original documentaries at HBO. This multifaceted experience equips her with a unique perspective on the intersection of technology, industry, and communication.

“Kaspa’s technology presents a unique opportunity to advance blockchain applications in a secure, scalable, and truly decentralised way. By combining cutting-edge technology with a focus on real-world industrial use cases, we’re poised to drive meaningful change. Our goal is to create a robust ecosystem where innovation thrives and blockchain technology becomes an integral, trusted part of industrial infrastructure.” – Bara Greplova

Key Initiatives:
1. Global Regulatory Advisory Board: Ensuring compliance and advocating for favorable policies.
2. Innovation Support: Launching incubator programs and grants for Kaspa-based startups.
3. Industrial Integration: Developing solutions for seamless integration of Kaspa in various
industrial sectors.
4. Cross-sector Collaboration: Fostering partnerships to accelerate adoption and innovation.

Upcoming Event
Kii is planning to host the inaugural Kaspa in Enterprise Conference in Autumn 2024 in Dublin, Ireland. This landmark event will bring together industry leaders, innovators, and policymakers to explore Kaspa’s real-world applications across various sectors. Topics will include industrial adoption, asset tokenisation, decentralised finance, and next-generation stablecoins.

Due to strong demand from our industrial partners, We have limited seating available. Register here https://lu.ma/litwy9gh.

Join Us
We invite companies, developers, and industry stakeholders to join our growing network. To get involved, visit our website for partnership opportunities, developer resources, and upcoming events.

For more information, visit kaspa-kii.org and follow us on LinkedIn and X.

Contact:

[email protected]
www.linkedin.com/company/kaspa-industrial-initiative
@KaspaKii

About Kaspa Industrial Initiative (KII)
The Kaspa Industrial Initiative (KII) is a foundation committed to leveraging Kaspa’s high-performance Directed Acyclic Graph (DAG)-based Distributed Ledger Technology (DLT) to drive innovation and efficiency across key industrial and enterprise sectors. Our goal is to position Kaspa as the ultimate base layer for various applications, fostering a robust ecosystem that enhances security, scalability, and decentralisation globally while promoting sustainable and ethical development.

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Message from Kii board member Rory O’Neill
Hello Kaspa Community,

I’m part of the Kaspa Industrial Initiative (Kii) team, so I will address this one time only for clarity.

Kii is a market enabler, to demonstrate Kaspa capability to Industry and accelerate adoption.

The second goal is to be a collaborative public-private ‘platform’ to facilitate discussion and collaboration;
to create new opportunities and use cases between the private sector, public sector and academia;
to facilitate dialogue with regulatory agencies to ensure easier widespread adoption, so we never end up in a Ripple type situation.

From an energy perspective (our core strength), one of the biggest arguments against Kaspa is that Proof of Work requires lots of energy (of course that is where the amazing Kaspa network security comes from).

Our Chairman Paul van Son’s personal mantra is ‘Our Mission : No Emissions’, we can leverage the zero carbon energy transition to bring down the cost of energy for mining as well as the carbon footprint thus eliminating only negative argument against Kas.

We are an Industry focused organisation and that is where our communication focus will be, you will note our ‘Kaspa in Enterprise’ planned event, to bring together C suite level decision makers.

Kii is privately funded and we are using our resources to initiate studies on emerging use cases for various industries, and where appropriate facilitate pilot projects and assist validated deployments on Kaspa for industrial and B2B applications. We are not interested in creating meme’s.

I genuinely want to thank the Kas Community for their incredible support today. We are awestruck by the positive engagement and the volume of emails with ideas and notes of support.