Let's start the Introduction about this platform - it's a Hybrid blockchain platform for decentralized workflows: enabling B2B to collaborate on equal footing using trustless automated processes with GDPR compliance.
** LTO Network : where this cpompany came from a little bit explained..
# The LTOnetwork team came from the traditional sector, servicing big clients like the Dutch Government, Deloitte, DEKRA, and others since 2014. their business was focused on workflow automation, so the problems of a typical supply chain solution and GDPR were exactly what led us to the blockchain. The shortcomings of a trusted setup — the likes of which IBM and Maersk Group essentially created — as well as a lack of security, were the key issues which pushed us to where LTO Network is today.
LTO Network developed a blockchain platform for process automation which takes a hybrid approach towards the blockchain. Every organization may create ad-hoc automated processes and invite any party they want to these processes, making the solution more flexible than a consortium chain. Every different automated process rests upon its own miniature permissionless private chain, where each event is timestamped and hashed on the permissionless public chain for security.
The beauty of the blockchain is its censorship-resistance and trustless execution, which are only possible due to decentralization of validators. The hybrid approach basically takes the best out of the two worlds.
#Famous blockchain professor, Emin Gun Sirer is associated with this company.
This project, LTO Network, is a platform to run trustless workflows, targeting multinationals and governments. The process has a strong focus on privacy and GDPR compliance.
LTO Network replaces smart contracts with Live Contracts, which define both on-chain logic and off-chain instructions.
LTO Network team making blockchain adoption around the world .
you can see this Clients. Market strategy. Product DEMO photo here - -
Testnet.
An AMA (Ask Me Anything) in their Torque Telegram Lounge was held on jan7th...Let's see some Qus Ans for better understanding this platform..
Q)How is LTO Network different?
Ans - Firstly, they have P&L describing the cashflow model.
If you understand how to read this platform News, you can see that the company is already getting revenues from pilots and clients. Have a look : you can also find signed agreements with companies and governments agencies to prove it.
Q: Touching on that can you then elaborate a little about the utility of the token..?
A: Sure, the token is used to notarize a transaction in the private chain layer. It is a pure work token required to stake.The public chain is like a notary, it serves as a settlement security layer for processes of private layer and also for anchoring.
Q): Why would companies use the LTOsolution above other options? In other words what’s your USP above other solutions from a companies’ perspective?
A: Every other project is focussing on a very different market. They have chosen niche carefully and not based on an idea, but from what they have seen in implementing centralized workflow solutions at clients. LTO network solves a problem that is actual TODAY…And not in the far future.
There was a code review done by an experienced dev team (https://www.icoventures.net/lto-network-code-review/), and there will be another code review later. they are actually going open-source (under MIT license) around the end of january — beginning of February.
Now we will look at this company 's token Matrix -
Ticker: LTO
Token type: ERC20
Fundraising Goal: 5,200,000 USD
Total Tokens: 500,000,000
Available for Token Sale: 42%
Their Total hard cap = 5.2M USD for 40% of total supply. Without the seed round, the cap = 3.75M USD between private and public rounds. The remaining tokens are for the ecosystem fund, marketing, liquidity, team, and the company (to be released and unlocked only after a lengthy period of time).
** they are focused to #BUIDL — both the community and the product.
Hopefully this trend will be picked up by other projects..
The choice of the crowd sale model aka Fusion model.
they went through all of the existing models, and essentially all of them have one problem — a form of a sybil attack.
In all other cases, accounts get resold, any kind of questionnaires get gamed and so on , therefore, real community members have to buy those accounts while robots resell those to them. There is really no sense in making these boundaries. If the community wants to learn about the project, they will do so anyway — without artificial boundaries like some Proof-of-Love.
They will make a separate post describing the crowd sale model in detail. But essentially it means that any person, regardless of the size of their portfolio, can participate in the sale. It makes for the most fair and objective token distribution.
Live Contracts can replace any contract or law making them easier to understand. This makes them accessible for everyone involved. Unlike smart contracts, they allow automation without giving full control to machines.
Live Contracts will make the legal system fair for everybody.
Follow LTOnetwork community:-
Website: https://LTO.network
Twitter: https://twitter.com/LTOnetwork
Medium: https://medium.com/LTOnetwork
Medium : - 2) https://medium.com/ltonetwork/lto-network-making-blockchain-adoption-happen-here-and-today-21ea907d208d
Telegram: https://t.me/LTOinfo