LTO Network is a hybrid blockchain platform with business-to-business functionality. The project raised approximately $4 million through private and public token sales and was co-founded by Rick Schmitz and Martijn Migchelsen. Consensus on the public layer is achieved through Delegated Proof of Stake, enabling the community to secure the network and share in the fees generated by transactions as rewards. The leasing mechanism allows anyone to participate in staking without running a node. The consensus model will later shift to Significant Delegated Proof of Stake to mitigate centralization risks. Real-time contracts are established to optimize business workflows. By combining a private chain with a public Delegated Proof of Stake blockchain, LTO Network offers GDPR-compliant blockchain solutions. LTO Network is also developing a suite of applications such as Proofi, FillTheDoc, and LetsFlow. LTO tokens are used to pay for transaction and smart contract gas fees, staking, and voting in on-chain governance.
Project Introduction
Since 2014, LTO Network has been serving clients across various industries. For over a year, we have been dedicated to providing genuine decentralized workflow applications for businesses, governments, and independent projects. LTO Network helps your organization increase transparency and efficiency while maintaining legal compliance and reducing operational costs.
Project Vision
The mission of the LTO team is to create and maintain a fully decentralized, efficient blockchain infrastructure that can be directly applied and designed to create value for organizations. Any company requiring a production-ready blockchain can use LTO, which enables digital verification of digital assets and collaboration using decentralized workflows.
Project Highlights
Cost-Effectiveness
LTO is committed to assisting businesses in reducing the costs associated with repetitive operational processes.
Automation
While automation makes businesses more efficient and productive, it is often limited to internal silos within an organization. With LTO, process collaboration can be achieved without switching from current systems used within the organization, allowing businesses to benefit from data reuse and automation.
Compliance
Proving compliance is critical in any industry. Using LTO, you can record all data entries and steps in business processes to protect evidence and comply with regulations. LTO is also GDPR compliant.
Use Cases
Digital Checklist and Inspection Applications
Provide immutable proof for data input and create inspection reports for critical locations such as airports, gas stations, and hazardous materials.
Electronic Signatures with Blockchain Verification Codes
Ensure document content is tamper-proof and provide proof of the specific date and time of document signing.
Data Sharing in Notarial Procedures
Notarial procedures heavily rely on paper-based processes. LTO makes merger procedures more effective by securely and efficiently sharing data.
Art Authentication
By validating art pieces through blockchain, objects can be better protected, and authenticity can be established more easily and quickly.
Contracts Made Easy
Answer some questions on a smartphone and receive a fully negotiated and executed contract, which can also be hashed on the blockchain.
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