Businesses are growing exponentially even in the face of challenges. Most business get support from developers who design enterprise software for their businesses. Enterprise applications assist organizations in solving most business challenges and are deployed across any type of corporate network while adhering to administrative and security measures. Enterprise applications ranges from payment processing system, HR management, messaging and collaboration systems, customer relationship management, Workflow interaction, etc. The current trend is movement of these applications to a cloud for security, collaboration and efficiency. Corporate organizations now log on to the cloud platform to use the applications for their business operation. This solution has its own challenges as it makes business operations vulnerable to data leak, inefficient data sharing, and poor visibility across business networks and above all centralized to the cloud with no connection to customers and other business channels on the cloud platform. The block chain technology seems to offer the best solution to business challenges.
The Loyakk Vega platform is a blue print of enterprise application operation on blockchain. The platform will incorporate the major business operations and services on the block-chain while building a network of businesses. This platform will encourage collaboration among businesses through exchange of business services. Businesses can transact with clients via a smart contract and payments effortlessly done on the block-chain.
A new dawn of Enterprise Application on Blockchain for Business
Over $1 billion have been invested into many blockchain startups involving other industries but not blockchain based enterprise application projects. Blockchain based enterprise application is projected to generate revenue over $19billion seven years from now. The enterprise application companies had been skeptical to adopt blockchain technology because of the uncertainty of the crypto market, slow initial adoption of crypto currency and block chain technology. It is a different news today, many startups no longer rely on crowd funding but ICOs to raise capital for the projects. This allows for global participation and wider outreach. Today, there are a lot of decentralization in every sector through the use of blockchain technology and so far it has been more secure, efficient and sustainable. Consequently leading to acceptance of crypto currency which is the core transaction exchange.
Loyakk is revolutionizing the enterprise software industry by developing a platform which incorporates the enterprise application services on the blockchain. This will go a long way in solving many business challenges currently faced by organizations which have been identified and they are:
• Insecure mode of data capture, processing and transmission among partners.
• Data theft and leakage among business organizations.
• Contract terms misunderstanding among business partners.
• Low visibility of business over the internet because centralized nature of business network.
Loyakk platform is launched to proffer solution to these aforementioned problems faced by business organizations by using blockchain technology to secure, permission the share of data & transactions through smart contracts compliant with business rules & security policies.
The unique key features in the platform architecture are as follows:
Secure Information Exchange: Loyakk values information that is being exchanged by businesses on its platform. It builds the business network around shared data which can be accessed by the users. Here data must be verified and permissioned to avoid abuse and theft on the business network. This security is powered by blockchain technology and other security protocols integrated into the platform.
Optimized Workflows: The workflow of business operations on the platform are properly accounted. The data flow from one business process to another are aligned to suit the relationships of each business to another. Individuals get to regulated and control data workflow between them and other users thereby giving them authority over their proprietary contents.
Value Based Relationship Management: The live-wire of every business is in relationship. This is the reason the platform created the best relationship management services to enable businesses manage their valued relationship with other business partners and clients.
In conclusion, Loyakk is a great project and indeed a bold move from the enterprise industry and investment into their ICO is one that is going to promote businesses and increase their performance. The have a team of experienced blend of Enterprise application developers and blockchain experts that have worked in big organizations like Oracle, IBM, etc.
Loyakk Essential Links
Website: https://loyakk.io/
Whitepaper: http://www.loyakk.io/#white-paper
ANN Thread: https://bitcointalk.org/index.php?topic=2838562.0
Telegram: https://t.me/loyakk
Content Author Details
Username: Finixfly
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