Even most recent version of KaiOS still runs on ancient Linux kernel 3.10.49 (2014) with Firefox 48.0a (2016). Not only lacking in features, but in security updates too.
With updated Gecko engine and proper PWA support KaiOS might have a chance to compete with other mobile operating systems.
And if somehow this new engine will be released as open source, other projects, like postmarketOS, might be able to use it too.