Baikalika: CEO PostBaikalika, a premium water provider, is all set to launch its token pre-sale on February 12, 2018. In a blockchain environment crowded by technology companies, Baikalika is among the few real industry companies integrating the blockchain technology with its internal operations. We had a quick chat with Ilya Frolov, CEO of Baikalika, regarding the technical details of the project.
https://c.radikal.ru/c38/1801/d9/5fdb7bf68d3a.jpgInterviewer: What are the primary criteria one needs to consider when choosing a Blockchain platform?
Ilya: When choosing a blockchain platform, the first thing you would want to consider is the cost of using the platform, starting with the cost of processing transactions and the associated infrastructure cost. A lower cost is the key to mass adoption.
Secondly, you need to consider the technical capability of the platform. Some of the key factors to consider include the speed of transaction processing and the amount of transactions that can be efficiently completed on the platform. You cannot have your business suffer because of a lower transaction-processing rate.
In order to ensure the speed and the ease of use, as well as the economic efficiency, we are planning to launch a private blockchain on izzz.io platform.
Interviewer: How izzz.io is different from other existing platforms?
Ilya: izzz.io seems to offer the features we had in our mind. We chose the fork of a blockchain izzz.io for Baikalika and did this by conducting a fairly in-depth analysis of the existing systems. At the same time, our detachment is independent, it is based on the source code of the izzz.io blockchain-platform. We can implement it in the most suitable way for our business. Also, we have plans to put all the information about our packaged water on the blockchain, including its production details, storage address, and transit information. izzz.io has no transaction fee, making it an economical choice for us.
Considering our plans to use a private blockchain in the project, we needed a secure yet time-efficient platform. izzz.io platform uses its own time-based consensus algorithm ( LCPoA ), which doesn’t require large computing resources. The security of the blockchain network itself and the consensus is provided by the mechanism of the "limited confidence zone," with automatic creation of control points and also by checking the block generation time along with the total network time. The security of the platform is provided by selected consensus. We’ll use digital signatures based on ECDSA-SHA256, which is also used by Telegram.
Interviewer: How is Baikalika blockchain functioning? What are the main tasks blockchain developers have in this project?
Ilya: We are using blockchain to store information about every liter of water extracted from lake Baikal, along with its shipping details.
Each batch of bottled water is labeled with a unique QR code. Upon arrival at destination, QR code is re-registered in the system. Using QR code and storing information on water transactions in the decentralized registry allows us to ensure the authenticity of BAIKALIKA water.
In order to ensure transparent water supplies, Baikalika will use its own blockchain based on the izzz.io platform to store information about the production and origin of the water bottles produced, as well as their movement from production to consumer. The system will also be integrated with the BKL token, for ease of use by investors and the company as part of crowdfunding. The tokens will be released on Ethereum platform and conform to ERC20 standard.
We are using blockchain to our advantage. Some of the key outcomes we expect out of it include ensuring the authenticity of our bottled water, making water delivery system transparent, and handling distribution bottlenecks with timely information.
For users, each Baikalika token, BKL, will offer a personal premium water supply of 1,200 liters, which will be delivered over the next 50 years.
Interviewer: Will this system be convenient for the usual customers, token holders who want to check the origin of water?
Ilya: We’re creating a user-friendly interface. Investors will be able to use their regular programs for accessing the system. Investors will be able to use their usual tools to freely sell and buy tokens. For the buyers, they will be able to check originality by simply scanning the QR code from the packaging.
We remind! Presale begins 12 February 2018!Join our main discussion on Telegram:
https://t.me/baikalika_chatFollow us on Facebook:
https://www.facebook.com/BaikalikaICO/ and Twitter:https://twitter.com/Baikalika_ICO
