Lately, I've been thinking a lot about the problem of the "last mile" of Artificial Intelligence. We've got these unbelievably intelligent digital assistants sitting on our phones, these bots that are able to write code, analyze market trends, and even organize complex workflow systems. However, they've come against one huge wall, and that wall is… Money.
"Right now, the AI agent is kind of like this super smart intern who doesn't have a bank account. They can tell you what to buy, but they can't carry out the actual transaction unless you click the 'approve' button. If we want them to have ‘true autonomy,’ if we want them to run the actual businesses, the actual DAOs, the actual trades, they have to have economic rails of their own," she continued.
That’s why Kite has caught my attention. It’s more than another generic blockchain trying to be the next Ethereum. Kite is a specialized L1 blockchain designed for a specific future: The Agentic Economy.
The "Scary" Part of AI Money
In our
Come on; giving an autonomous bot access to my cryptocurrency wallet is frightening. Would you hand over your private keys to an autonomous bot? No way. One bug, one hallucination, and your wallet will be drained.
For me, this is where the light bulb went off concerning Kite’s philosophy. They’re not just providing the wallet to the robots, they are creating the Three-Layer Identity System, patterned after the way we, in the human world, manage trust.
The User (You): You are the root authority. You possess the master control.
The Agent: This is your robot agent. This agent will also have its own name and will belong to your organization. The agent still responds to your commands.
The Session: This is the brilliant bit. The Session: This is
Think of the “Session” in terms of a business credit card. You (the User) provide your employee (the Agent) with a card, but you limit that card to a budget of $50, for a particular business lunch (the Session). If the agent goes rogue or gets breached, its forces are limited in that particular sessioning level. This level of control makes the notion of “autonomous payments” actually something I can stomach. I can sleep soundly in my bed, knowing that the agent I provide with a budget does not hold the combination to the vault.
Designed for Speed and Familiarity
Many people
Another aspect that I like about Kite is that it did not try to reinvent the wheel when it was not necessary. It’s EVM-compatible.
This is huge for devs. This means if you know how to develop on Ethereum, then you already know how to develop on Kite. You don’t have to learn another programming language. And whereas on Ethereum, the network gets congested and costs a lot, the experience on Kite allows for high-speed, low-latency interactions that computers need. People move slow; computers move fast. Computers and Kite move fast.
Role of the $KITE Token
I’m skeptical of new tokens, trying to figure out where the utility is. The roadmap for $KITE makes sense.
Currently, it’s about bootstrapping. The token is used as a reward for the Trailblazers, or the people building and using these agent workflows early on and essentially testing them. That gets the flywheel started.
But with the development of the network, the token takes on different functions. It is the security layer (via staking) and the voice of governance. Governance is, of course, going to be important in a network with automated agents. We'll need human intervention for the setting of parameters, as well as an update of the protocol. It's not only a matter of speculating on $KITE, but a matter of having a voice in the rules of this robot economy.
What the Future Portends
In the unfolding scenario that will
Consider a case where the hedge fund is totally decentralized and controlled by AI entities within the context of Kite.
One of the agents looks at the news to gather information.
There is another agent who examines the charts.
The third party carries out the trade.
A fourth agent is responsible for payouts made to the human investors.
On Kite, such agents can pay each other instantly and openly for their services. Or imagine a DAO where the “treasurer” role involves an AI system that automatically pays participants according to their contribution based on confirmed work while strictly adhering to on-chain rules.
The Reality Check
Of course, I’m not wearing rose-colored glasses. Kite is facing a humongous task. Getting a new Layer 1 started is notoriously tough; you need a following of users, liquidity, and developers simultaneously. Also, the problem of “agent misbehavior” can’t be ruled out. Even with a constraint on the number of sessions, we’re charting unfamiliar territory. However, here is my bottom line. Convergence of AI and Blockchain is a certainty. Either AI requires a trustless settlement infrastructure, or Blockchain requires a dose of utility. To date, Kite is the first project that is building infrastructure for a trustless union. It’s more than integrating artificial intelligence as part of the chain; it’s creating the chain for the artificial intelligence. And that’s a difference that’s worth noticing.
