Career coder Karen Kilroy was inspired to research the ways she could integrate blockchain technology into her skill set while attending technical meetups in her hometown. While sitting in on an Austin, Texas Meetup on IBM’s Hyperledger technology, she was fortunate enough to sit down with the IBM representative and talk about the potential of using blockchain as a service (BaaS). Now, two years later, she and three partners, including Deepak Bhatta in Nepal, are going live with the multi-faceted company Kilroy Blockchain.
Kilroy’s Enterprising Idea
Kilroy and Bhatta put their heads together and figured out how to solve different problems with what to do with attachments and transactional fees. Focusing on enterprise solutions, the company’s focus is on blockchain as a trail of truth rather than a cryptocurrency. The company is also introducing two other products: Carnak, a cognitive roadway knowbot, and Riley, a blockcahin-based descriptive tool for the visually impaired. All of the products are based on IBM technology, Hyperledger and Watson.
Kilroy Blockchain Platform as a Service (PaaS) is the company’s central platform.
Kilroy is quick to point out that the company is not a consulting firm.
“We have a product,” she said. “Engagement [means] onboarding the client to our product.”
That basic product is designed to help organizations in highly-regulated spaces keep better records by providing an immutable, auditable record of transactions. The company works with Regulation Technology (RegTech) providers to help connect their solution to enterprise-level blockchains. The result is a trackable trail that provides proof of the data.
The company combines artificial intelligence (AI) with blockchain solutions to tackle tough issues like attachments, which the technology solves by building in a cross-referenced data store that can think and recognize its own rich media contents. Using Hyperledger Fabric, the proprietary and open source platform interfaces users with Salesforce and other e-commerce systems.
Integrating the customer’s software to create an audit trail into the blockchain ensures that Kilroy doesn’t have to build the product from the ground up. The sole focus is on building a secure audit trail for enterprise applications. The central question lies on how many fines the platform can help the customer avoid. The platform performs its own audit to reduce the possibility of a regulatory audit and avoid any fines that might be levied. The audit is based on one immutable ledger that shows what the customer has done and when.
Kilroy says the service can work in entrepreneurial fashion or “intrapreneurial.” An entrepreneur looks to disrupt an industry while an intrapreneur looks to save a company from disruptions. The Kilroy PaaS can meet both ends.
Commercial real estate is the initial focus vertical, but any space can implement the product since the company doesn’t have to re-write the customer’s systems, but integrate with them.
Kilroy Blockchain went live on May 15. Pricing is dictated by the number of months the client wants to commit to the integration and what they hope to achieve.
What is a Carnak?
A “cognitive roadway knowbot,” Carnak, is a predictive analysis simulator for traffic issues. A customizable framework, Carnak can aggregate life static and roadway data from multiple regional, county, and city systems. The platform uses Jupyter Notebook and Python, which keep the client free from vendor lock-in.
Partnering with the University of Texas on development, the platform helps cities digest Internet of Things (IoT) data for transportation systems and is well-connected to smart cities and the national science foundation. The development of Carnak earned Kilroy Blockchain recognition as a finalist in the City of Austin’s Gigitech Challenge.
Finally, Meet Riley
Riley is an award-winning app that helps the blind or visually-impaired user better understand his or her surroundings. A smartphone or tablet allows the user to access the powerful cognitive intelligence of IBM Watson, which affords workers greater independence to perform functions they couldn’t perform before.
Launched in January, the free app is available on iTunes and Google Play, or the customer can sign into the Riley service in the cloud. The operation of the service is as simple as pointing the camera at something and pressing “What’s that?” Watson then uses AI and visual recognition to analyze the object and provide the answer. The use of blockchain technology offers greater verification that the data is real and ensures the data is reliable before passing it on to the user. The company is currently working with the Lions Club to help further the organization’s mission to help those who are blind or visually impaired.
While designed to help the visually impaired, Riley can also be used to transcend languages and educational barriers.
The Future of Kilroy and Blockchain
Kilroy says that the company’s current needs center on partners and companies interested in placing products in Riley, and people interested in trying an audit trail product for their company. She adds that they’re always interested in finding new talent and companies that want to be business partners.
With so much of the blockchain focus based on cryprocurrency, it’s always good to see those entrepreneurs who see beyond mere dollars and cents to the real potential value of the currency and its double bottom line. Karen Kilroy and her colleagues certainly fit into this group, and ours is going to be a better world for many people when these products become widely used and accepted.
Written by Paul Keenan.