Mature businesses commonly establish a complex chain of communication. Beneficial business cooperation requires access to reliable information, but at the same time it raises the question of secure data flow and sharing. Thus, creating a stable business network for intercompany communications is essential.
Loyakk Vega develops a blockchain-driven relationship platform that is addressing this problem in business-to-business communication. One of the main objectives of the platform is to enable a complex business data flow for enterprises with the use of different validation models. A proposed data-sharing ecosystem can certainly find application in multiple industries.
Platform architecture and components
The core ecosystem represents a tree-structure configured across different nodes. Such a multi-level structure will guarantee decent security and operational standards.
1. Data exchange.
A vast amount of valuable data must be stored and shared in an encrypted manner.
2. Work-flow.
Loyakk’s interface will allow to compose with external resources, such as network applications and data sources across the blockchain. While being automated, business-critical processes, such as budgeting and contract management, can be managed in a smooth manner.
3. Relational database management.
Any kind of business data can be shared with complete security.
The Loyakk data model presupposes a creation of several application modules. These are logical data units to process information in several fields:
1. Partner Management.
This includes data management concerning sales, revenue and delivery service.
2. Vendor Management.
This Module unifies work-flow across different vendors, such as product agreements, policies, etc.
3. Distribution Management.
The modeling focuses on multiple data, that constantly circulate across suppliers and vendors, as well as on data relating to various affiliate programs.
4. Channel Acceleration.
This option is of particular interest for enterprises, that are willing to design loyalty programs, as it allows for maintaining customers' engagement, accelerate sale strategies as well as provide relevant customer data.
5. Customer Engagement.
This feature is an expansion of the Channel Acceleration Module, as it creates a favourable impression on the target audience as well as deliver a positive customer experience.
Token Sale Plan
LYK Token is used as a means of interaction as well as to control rules for the system. Public ICO starts on 15 June, 2018 and ends on July 22, 2018.
The configuration of the solid business network around both internal and external companies will affect the competitive advantage. Building its business strategy around the concept of the value-webs, Loyakk Vega endeavours to abide high-level requirements for both the data providers and data requesters. A wide range of integrated modules indicates the ability of the Loyakk system to integrate heterogeneous data within a single framework. Thus, the platform will host public and private transactions. In order to enable such transaction, Loyakk will rely on specific templates for sales data, payment transactions and business-to-business communication. According to the information provided on the Loyakk website, such global players as SAP and Abbott Labs are among their customers.
In the world of business ecosystems, the implementation of value-webs can result in improved service level. First, it connects the whole ecosystem to external market players, in particular, customers and suppliers. Second, it provides ways to transit to active cooperation with business partners and audience. Finally, it reduces transaction costs, a quality goal for a great number of large scale companies.
Links:
Website: https://loyakk.io/
WhitePaper: https://clck.ru/DauAF
Telegram: https://t.me/joinchat/Hbh2llKie55QGqJdvcUCAA
Facebook: https://www.facebook.com/loyakk/
Twitter: https://twitter.com/LoyakkVega
Medium: https://medium.com/loyakk-vega-blog
ANN: https://bitcointalk.org/index.php?topic=2838562
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.