LTO Network - Hybrid Blockchain for Decentralized Workflows!

LTO Network begins its history in 2014, serving corporate customers. Initially, the company worked with document flow (creating, exchanging and signing contracts in digital form) and at the moment has turned into a full-fledged mechanism for organizing work processes. Over time, the customer base has grown, and the volume of processed data has increased. After seeing how the company simplifies work with documents, users began to trust the LTO Network more and more. Just over a year ago, she decided to focus on decentralized solutions for workflows, starting with the blockchain. Its role is to reduce the cost of the company and increase the efficiency of its work. After all, all decisions in organizations, from working moments to decisions of top management are carried out on the basis of data and unauthorized manipulation of these data can lead to serious consequences, including monetary losses. Taking into account the fact that the existing public blockchains were poorly adapted for practical use, LTO decided to create its own public blockchain to add new functionality and customize it in the way required to perform the tasks, which can directly experiment with tokenization models, and create the right miniature economic system that will be more efficient for use and implementation in companies. Digital transformation and automation of business processes offer great advantages in terms of their productivity and cost reduction.
As a result, the LTO Network came to the development of a distributed mechanism for managing business processes with special private blockchains based on computer logic of final states.
Blockchain for working in everyday business processes is a necessary step for mass distribution and creation of strategic importance for business. Organizations should be able to use the blockchain as an assistive technology. Recent attempts to introduce half-baked products aimed at transforming industries have unfortunately led to frustration for organizations and users.
In general, the introduction of blockchains in the economy where there is little is an extremely labor-intensive process, requiring the development team to have an excellent understanding of programming processes and complete dedication, and from the marketing team the need to negotiate with those who want to implement the development in their companies, train employees and convince the need to embed the blockchain into their workflow, explain what benefits they can get from it. In 2017/2018, the company won several professional competitions and entered into a number of significant contracts, which suggests that the company is constantly evolving and follows the existing trend in the digital economy.