Today we're speaking with Michael Pearl, the COO of Kirobo. Kirobo positions itself as the "missing piece for DeFi". Their mission is to make cryptocurrency transactions as "secure and convenient" as traditional online banking. Recently, I discussed how Vitalik still performs test transactions before transferring substantial amounts of ETH. Kirobo aims to solve this challenge.
Pearl explains, "we don't alter the blockchain, the blockchain is the blockchain... we work with smart contracts that enable us to create... an escrow." He emphasizes there's no third-party risk between the user and Kirobo, as if their service were to go down, transactions can only be claimed back via a smart contract call if the transaction isn't confirmed. The only part of the system that goes through Kirobo is the verification of the passcode. The rest remains completely decentralized.
This secure transfer mechanism is one of their flagship products. Learn more about their recovery solution and other offerings in the interview below. For those interested in watching the recovery demonstration, we discuss how you can view it on their YouTube channel.