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Karat operates through the integration of advanced technologies, specifically Multi-Party Computation (MPC) and Zero-Knowledge (ZK) proofs. These frameworks allow for the secure encryption and management of user data, facilitating a unique data-sharing approach that bridges traditional Web2 platforms with the decentralized ethos of Web3.
Karat aims to develop a bilateral service data marketplace where users can not only manage their identities but also monetize their data. This dual functionality places the power back into the hands of the users, ensuring that they can control their personal information, select how it is shared, and determine the value derived from their digital assets.