How to Make Life for Dog Owners Easier with Blockchain? Interview with Zkylos project

Zkylos seems to know the answer to the title question. The team aims to create a decentralized, secure, fast, convenient and drastically less expensive solution for dog owners, breeders, kennels, veterinary clinics and governmental organizations. TokenZone had a quick chat with Elias Konstantinides, the CEO of the project and discussed the difficulties of getting a pedigree dog in 2017 and how this could be overcome with blockchain.

​TokenZone: Hi, please tell us a bit about your project.

Zkylos: Hi there, my name is Ilias Konstantinides. The project is called "Zkylos" which origins from Greek word "Skylos" which means basically, dog. What we did, we just changed the first letter, we made it "Z", so it looks kinda cool.

TokenZone: OK.

Zkylos: Right. So, the project is an infrastructural solution that has to do with administrative procedures in the canine world. Basically, what we are doing, it's a storage and it's processing system. There is a lot of dogs around the world, in every country there is a national kennel that is taking care of the canine population. Since there is a monopoly, basically, they are doing pretty much whatever they want. Like they determined the rates for pretty much simple operations and they also determined the time, the waiting period for these operations to be done. Most importantly, that we, as dog owners, we don't know like what the fund expenditure is, and the money that they are collecting, where actually goes to and why they charge us with this much amount of money. Because basically if you analyze what exactly these guys are doing, they are just keeping the data and whenever you interact with them, what they do – they just validate it. This it.

TokenZone: All right.

Zkylos: Yeah, this thing. We got the data and there goes your certificate. Or there goes your battery. And that costs a lot of money. And you don't understand – why? So, what we did. We said – all right guys, we are going to unite all these databases. Because in every country databases detached. Right, so we said – OK, we going to unite everything in one database throughout the whole globe. We going to make it a lot easier and more convenient to operate. Because, like, the code does not require, you know, all of this huge amount of people to work on it.

TokenZone: So, that is how blockchain is fitting into this system?

Zkylos: Mostly, I will tell you what – we are one of few projects that doesn't really tokenize everything. We believe that in order to use blockchain is you don't really need to, as an end user, you don't really need to understand how it works. This exactly what we are doing. For the regular dog owner nothing changes really. You come over, you still like, you want to issue your certificate, you pay for it, you know, there is like this website, everything is cool and nice, nothing changes for you. However, behind this technical side, we validate every single transaction with one token. You cannot really make any change in the data without having this token connected. So, basically, we keep ID and hashes of every transaction plus the token in our database.

Zkylos: Basically, the reason for blockchain here is transparency. Because every single token is linked to basic cost of the transaction. So, we say – guys, forty dollars. Not, forget about it. We know how much it costs. That's why everything is transparent and we see that every transaction is linked with one token.

TokenZone: So, the first thing is to decrease the prices for the end user

Zkylos: Yes, absolutely.

TokenZone: And the second is to create global database that would be like the same for everyone around the world.

Zkylos: Yes, it going to be a lot of more convenient and easier to use. Like, for example, since all of these databases detached in one particular country. This does create certain troubles for the end user. For example, if you are breeder or if you just want to get another dog – to buy another puppy – with certain criteria, like for example, another color or clear genetic tests. If you don't have any connections on Facebook, you won't find a puppy of this kind. It is really difficult. It is impossible, like it is two thousand and seventeen, and you still need to, you know, find somebody and ask around stuff like that. This is crazy, so we say, forget about it, everything is going to be decentralized and centralized another way, because we're uniting everybody.

TokenZone: Fine. Thanks! What about the team? Do you have any, you know, skills in the area of blockchain?

Zkylos: In the blockchain? Yes, certainly. Our CTO, basically, he is…I can actually say that he is an expert now, the guy has some extensive experience in Python, which is, you know, pretty much close. A lot of projects in Russia know this guy, because he is really into things, he has been doing lots of research, and criticizing a lot of projects around… We're not going to call names, but people know him. And for the rest of the team another co-founder of the project Victor, he is being into finance, he is the CFO, he has been in finance for years. Like there is a lot of guys, who are even really reputable in some areas.

Zkylos: I was in risk management for some time and strategic consulting as well.

Zkylos: Yeah, this is my first block chain project, to be honest, but I am a dog owner and I have several dogs, they actually are well-known in the breed.

TokenZone: So, you know the pain of the...

Zkylos: Yeah, absolutely.

TokenZone: I see. Just a few quick questions about the ICO? When is going to be… What did we have before that, is it preICO or something else?

Zkylos: OK, now we are in the stage of private placement, we are planning to make our preICO somewhere in mid-January most likely and then proceed with the actual ICO most like in February. It depends on how it goes.

TokenZone: OK. And how much do you plan to raise?

Zkylos: The minimum cap is in dollars, if you count, like around five – depends on the rate of ??? and the maximum is around fifteen.

TokenZone: OK

Zkylos: So, there is not so much huge difference because some projects in this area we need twenty – and then we need two. And it goes like… Why you guys have such huge difference. A brand can't really explain this.

TokenZone: If you say like that – you should probably have the roadmap.

Zkylos: Yeah, of course, everything is there. You can check the website, for instance, we have all the white paper, everything is there all the calculations, cash flow, transactions, everything, everything is right there.

TokenZone: I will check it for sure. And the last question – are you going to list on exchanges after you get…

Zkylos: Absolutely, yes.

TokenZone: One more question then. How are you going to keep the prices like that?

Zkylos: This is the most interesting part. I have been waiting for this question. Would it take several measurements in order to keep the price either on the same level as it is or at least try not to make it drop. Number one is that we'll start smaller and then go further. Number one is tokens that are going for the bounty, for instance, we buy them out immediately. Straight away. So, they are not circulating. Second, tokens for the team and advisors are locked and frozen basically for six months. And most importantly what we did, we are not afraid of being security, we are not afraid of this kind of things because actually, it still pretty much every token is a security anyways. No matter what they say, what they try to do. So, we say alright guys! It is better for us. If we give better service and take care of interest of our bakers. So, we said right it is going to be security. Never mind, so we just insiders, a most crypt friendly jurisdiction at the moment. So, what we do? We are going to wipe back the tokens until there is 25 percent left of the initial tokens that we did issue. And after that, we are also going to share profits. So, these two things, I believe, it is sufficient.

TokenZone: Yeah. Well, many things go wrong when people try to artificially make tokens utilities.

Zkylos: Exactly!

TokenZone: And it brings a lot of problems. OK, thank you.