Going to need to really climb back into that ecosystem and see what's going on with them under the hood before they launch this project (because that's when they're going to lock everything up & shut it the fuck down like most of these other projects already do when they launch).
I know for a fact that this is a Polkadot ecosystem app [I'm going to recommend it to the folks that are in the Discord, because this is definitely going to serve as a really good pickup for them whenever that launches; although].
Basic Information That's Bullish About Their Project
this is for those that are in the Discord
They already have a full project around them, in essence, at this point in time.
They currently have:
A working 'MOU' / 'Proof of Concept' (and a very high-level one at that; https://demo.kilt.io)
They already have their own blockchain explorer setup (courtesy of the SDK-heavy ecosystem that Polkadot uses)=
More Basic Information About the Project
This is a Polkadot-incubated project.
I'm able to speak with knowledge about them very easily because I was really impressed with what they were doing under the hood several months ago.
And to that point, that reminds me that its worth iterating that they've had their project running with a demo / beta for several months, so there was no serious rush to bring this product to market on a half-assed idea that reades as though highschoolers put it together and the last second for the sake of not just "turning in nothing" (cough Arweave, we're looking at you here).
Main Page For the Project (homepage of sorts) = https://www.kilt.io/
This part is usually for the nerds like myself that want to dissect and parse the legitimacy of a project's offering (on any level; doesn't need to be evaluated on the basis of whether or not it is a project that will gain mass adoption, but rather it is a project that could plausibly exist in some capacity or if the founders / maintainers of the project are at least able to do the things that they claim that they can do)
Here's the link to this documentation = https://dev.kilt.io/#/
And a brief screenshot below:
That phrawse directly under the 'About' here is pretty powerful!
"KILT is an open-source blockchain protocol for issuing self-sovereign verifiable, revocable, anonymous credentials and enabling trust market business models in the Web 3.0"
This is good (from an investor perspective and otherwise because):
The project is looking to tackle an area of society / technology / commerce where it can actually provide a tangible benefit at this point in the technology's maturity. There are too many projects that either A) grossly overstate the potentialities of blockchain at this very point in time, or B) Simply want a reason to call something 'blockchain' when the technology doesn't make whatever area of life they're focusing on better or more convenient, isn't even needed to do so, and - most importantly - probably can't do so (at least that's a safe assumption when it comes to vague, unrproven theories about what one's project is meant to do with blockchain)
Project Provides Logical Rationale For How They're Going to Achieve Their Objective = We haven't seen this yet in this write-up (you'll see it later), but the rationale which Kilt provides for how they will be able to "issue self-sovereign verifiable, revocable, anonymous credentials...", is one that will logically work. This is yet another facet of blockchain project construction that most ones auto-fail immediately. For example, Arweave launched with the premise that they would be able to leverage blockchain (in some capacity) to store data on the cloud - which, by itself, far from an outrageous claim to make. However, the absurdity begins when they promise that they'll keep uploaded user data that they submit to the network "online forever" - and at that point, they become and became bullshit.
The fact that there's documentation means that there are people behind the project that are at least taking it semi-seriously (on an intellectual level) - one would be surprised at the complete and utter lack of comprehensive documentation there is for some projects that are currently valued in excess of $1 billion at the time of writing [i.e., like 'dogecoin', which is currently valued at $6.8 billion].
Another Positive: Willingness to Still Remain Open
In 2021, the phrase 'open source' is a buzzword until proven differently.
Everybody claims to have a project with an open community, open development and developers and a forever-fair, democratic process for making decisions on what direction a project should go in.
Unfortunately, the reality is much different (see: the entire blockchain space).
Given that fact - its worth noting when there is a project that's willing to at least remain open in terms of providing comprehensive enough documentation, source code (annotated like any regular person would), that's intelligible and coherent enough for one to fork the project if that's what they wanted to do.
This is what 'Kilt' does
The graphic above gives us a really helpful helicopter view of what all is included in the project (resource-wise), in addition to how they're all connected.
This saves countless hours that one would otherwise be forced to spend if they wanted to dissect how the project is constructed or fork the protocol to make amendments of their own (either for themselves personally or for the betterment of the community).
To that latter point about the community (above), it cannot be understated how important a community is to the health & viablity of open source projects.
Clarification On What That Means
I'm not referring to shills and people "spreading the word" about a project.
Specifically, I'm referring to the people that have the ability and desire to use the project, identify bugs / glitches or areas for improvement and be motivated enough to fix the probelm themselves before submitting the PR to the community.
Clear and Concise Documentation Ushers This Process Right Along
Let's take a look at Monero for a second.
If we visit their 'proposals' website for a second, we'll see that the community has shelled out millions paying for tasks that could have been (and are) performed by community members of other open source projects for free.
Ironically, the codebase that Monero is a fork from (Cryptonote) was crafted (by Blockstream) and released in the wild 'free of charge' for users to enjoy and fork from [which explains the numerous Bitcoin-esque constructions packed within the Monero source code; to their detriment, might I add - we'll get into that later]
Looking into the SDKs and Packages That the Kilt Ecosystem Uses
There's a link matrix at the bottom of the documentation page that identifies all the different locations where one can find the SDK / source-code for the various facets of Kilt's project.
There's more information that needs to be disseminated on this project, but we're going to stop it here for the time being.
Know though that the overall takeaway from all of this is that Kilt is a solidly strong project that has the potential to make a bit of a splash when they finally do jump into the water.