After seeing dozens of projects raising the banner of "founders" with nothing but a blue interface and some certificates, Kit brought something different.
The experience that made me believe in their idea:
I was working with a team building a DEX for trading digital stocks, and we faced one fatal issue:
Traditional banks refuse to deal with us because their old systems cannot automatically verify AML/KYC on-chain.
KITE solved the problem in a very smart way:
Instead of forcing banks to change their systems, it lets them use their current systems, and KITE adapts.
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The point I liked most - technical humility:
The KITE project is not saying "destroy the old system", but rather "let me be the bridge between you and the new world".
The analogy that came to my mind:
· Other projects: Like a new taxi company going to the customer and saying "break your old car and buy our car".
· Kate: Like a company that installs a charger for your old car, it lets you enter the new era without selling your car.
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How we operated the system with our team (real experience):
1. Digital fingerprint (Credential):
Every employee in our company received an encrypted credential from a certified auditor (like Onfido).
2. Smart Policies:
We learned the internal rules of the company:
· Any transaction over $50,000 requires manager approval.
· No transactions after 8 PM.
· No transfers to countries on the blacklist.
3. Automatic execution:
Once a programmer tried to send $60,000 after 10 PM, the system stopped it and requested approval. The managers approved remotely, and the transaction was completed.
The difference: There is no need to enter the system every day to check transactions. The system itself enforces our laws.
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Artificial intelligence that really understands organization:
In KITE, the AI agent:
1. It doesn't just buy and sell.
2. It records every step in a way acceptable to legal auditors.
3. If an auditor asks you: "Why did you buy these stocks?"
You can show a complete record: time, reason, responsible person.
And this changes the game for banks, as they are bound by strict regulatory laws.
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The challenges we faced practically:
1. Cost: The system is 30-40% more expensive than regular solutions.
2. Complexity: We needed 3 weeks of training for the team.
3. Integration: Merging the system with our accounting software (like QuickBooks) was difficult.
But the benefits:
· We saved 80 hours monthly that used to go to manual review.
· We reduced human errors by 95%.
· We were able to work with large companies that previously refused to deal with us.
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The code $KITE - realistic opinion:
I tried their governance system:
· Positive: Voting on new policies is smooth and quick.
· Negative: You need a large amount of KITE to have a real impact.
· Strange: Most votes have no conflict, because the community is more technical than speculative.
My advice:
If you want to invest in KITE, think of it as a subscription fee for an integrated system, not as a lottery ticket.
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The comparison with reality:
The need for traditional banks KITE.
Compliance is a complete team, high costs automatically, on the chain.
Speed in a single transaction is minutes.
Auditing documents, files, expensive storage of immutable digital records.
Flexibility is hard to adjust with a single code change.
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The risks that no one talks about:
1. Relying on certificate issuing entities: If a company like Onfido fails, the whole system is affected.
2. Changing laws: If a country changes AML laws overnight, the system needs a quick update.
3. Standardization: Each bank has different internal systems, it's hard to create a system that fits everyone.
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A final word from 6 months of experience:
KITE is not for everyone:
· ✅ Suitable for you if: you have an organized financial company, or you want to deal with institutions.
· ❌ Not suitable for you if: you are a sole proprietor or have a small project.
Summary:
You won't see KITE in the headlines because it's an infrastructure project, not a noise project.
But this is exactly what makes it important:
High buildings are only visible if the foundation is strong.
And KITE builds the foundation of the new financial architecture...
Quietly,
Without noise,
And without anyone asking, thank you.
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