LOYAKK VEGA

Loyakk Vega is a blockchain-enabled Decentralized Business Relationship Platform that enables enterprises to securely and efficiently exchange critical data and value within their business networks and in a contextual and relationship-aware manner. The Loyakk Vega Platform embeds proprietary patent-pending blockchain technology implementation with advanced enterprise relationship management capabilities to address modern business-to-business engagement challenges across industries. Loyakk Vega powers a full stack solution that includes the critical application and platform components and services that’s designed to readily enable early and evolving blockchain use cases across industries while supporting a firm’s vision and roadmap for enterprise-wide blockchain implementation and digital transformation.

Loyakk Vega Business Relationship Platform Stack Version

Mission

Loyakk’s mission is to transform how businesses create and deliver value in the new decentralized economy with their globally distributed network of partners, channels, distributors and vendors. Businesses today face multiple challenges related to data security and privacy, data reconciliation, contract disputes, inefficient processes and limited governance within their business networks leading to billions of dollars lost annually due to increased costs and lost revenues.

Loyakk is addressing these real world challenges through our patent-pending blockchain-enabled Vega Business Relationship Platform. Loyakk Vega is an enterprise-grade platform that has been designed specifically for secure, decentralized business-to-business engagement. It leverages patent-pending blockchain technology to support permissioned sharing of data, standardized communication interfaces, accelerated movement of value based on smart contracts and consistent propagation of business rules & security policies — leading to greatly improved security, efficiency & distributed governance across any business network.

Transform Business Network Interactions and Sharing of Critical Data & Value

The Loyakk Token enables Permissioning, Standardization and Propagation of Data, Value & Rules across the Business Network.

From Centralized, Chaotic & Unsecure

To Decentralized, Protected & Context-aware

Loyakk is run by a bluechip team with a potent mix of enterprise software DNA and technical capabilities spanning enterprise software and blockchain capabilities. The team has filed multiple Blockchain Patents, worked on Hyperledger Fabric and Quorum based applications, built Stock Option Trading Systems at ETrade, and High-Frequency Trading Platforms at CMT and Pension. The business leadership has led the creation of multi-billion dollar solutions, and orchestrated global marketing efforts at SAP, Oracle-Siebel and VMware.

Industry Value Webs — Powered by Vega Business Relationship Platform

High-Tech Industry Value Web

Enterprises will reimagine how they manage their high value business by better leveraging relationships across their business networks. By bringing partners, vendors, contractors, resellers and other sales agents into a common network, businesses will be able to transform how they sell, implement and support complex technology solutions. The Loyakk Vega platform enables secure, permissioned sharing of deal, project and IP information, verifiable project tracking and relationship-aware smart contracts drive services delivery and compensation with contractors & vendors. All these capabilities helps drive accelerated deal and project execution; improved overall deal & project profitability while greatly reducing project risks.

Industry Value Webs — Powered by Vega Business Relationship Platform

High-Tech Industry Value Web

Enterprises will reimagine how they manage their high value business by better leveraging relationships across their business networks. By bringing partners, vendors, contractors, resellers and other sales agents into a common network, businesses will be able to transform how they sell, implement and support complex technology solutions. The Loyakk Vega platform enables secure, permissioned sharing of deal, project and IP information, verifiable project tracking and relationship-aware smart contracts drive services delivery and compensation with contractors & vendors. All these capabilities helps drive accelerated deal and project execution; improved overall deal & project profitability while greatly reducing project risks.

Insurance Industry Value Web

A distributed value web powered by Vega can enable the insurer and various third parties to easily and instantly access and update relevant information (e.g., claim forms, evidence, adjustor reports, police reports etc.) and efficiently execute their roles via pre-established smart contracts. With Vega’s ability to provide a shared data repository / ledger across multiple trusted parties in the value web, Insurers can independently verify the authenticity of customers, policy contracts and transactions by storing a complete historical record, increase the velocity of the quote and policy issuance and reduce or eliminate errors in the process.

Benefits

Secures and streamlines information exchange, collaboration and engagement between members of the distributed business network

Enables permissioned visibility and access to relevant data by network members based on identity, relationship and business contexts

Facilitates secure, timely and accurate movement of digital assets and value between participants based on business rules and policies propagated throughout the network

Accelerates and streamlines complex deals, projects involving multiple parties with smart contracts, and minimizes disputes through better data verifiability & provenance

Standardizes all interactions on the network, helps reconcile data from disparate sources and systems around a single, common version of truth that network members agree upon

Ensures that all data and interactions across the ecosystem can be independently verified by customers, partners, auditors & regulators

Testimonials

“Blockchain-powered business networks is a very compelling notion when you consider the needs of business to streamline & secure interactions across the business partner network. Loyakk’s vision and platform to create decentralized Value Webs holds much potential”.

Anthony Thomas,

Global CIO, Nissan Motors

“Blockchain will impact industries well beyond FinTech. Loyakk will be the disrupter in enabling businesses to create networks powered by Blockchain”.

Erwin A Rezelman

CTO, Zurich Latin America

LOYAKK TOKEN

Loyakk will mint an ERC20 compliant token that will be made available to users and businesses. There will be a pool of 1 Billion of which 300 Million are in the current release.

The remaining 700 Million tokens will be made available to enterprise customers (this might be subject to change depending on demand constraints).

Of this 300 Million pool, 60 Million will be made available for User purchase, and 123 Million for purchase by Businesses. Businesses are not allowed to resell in the Open Market.

Token Details & ICO

Token Symbol: LYK (utility token) (ERC20 standard)

• Total Supply: 1,000,000,000

• Current Release: 300,000,000

• For Purchase by Users: 60,000,000

• For Purchase by Businesses: 123,000,000 (not permitted to resell) & Incremental Incentives

• Price Per Token: £ 0.50 (before Bonuses)

• Purchase Options: BTC or ETH

Unsold Pool: For use by larger Enterprise Customers (not permitted to resell)

Employee Tokens: Will be issued only after Token buyers and will vest over a period of 1 year

Token Contribution Distribution

Token purchase contributions through the token purchase will be utilized for product & development, to run the operations, for marketing , purchases & customer adoption success and for legal and administrative expenses that Loyakk will incur in the course of business. The token contributions will be utilized as follows:

Use of Funds

• Product & Development: 45%

• Operations: 20%

• Marketing: 15%

• Sales & Customer Adoption 10%

• Legal and Administrative: 10%

TOKEN Purchase:

ICO starts on February 23, 2018

• No Tokens will be issued before conclusion of open token Purchase

• Loyakk will accept payment after 6 confirmations for BTC and 60 for ETH

• Token reconciliation and settlement will be done in 8-12 weeks, after conclusion of token purchase event.

• Final number of tokens will depend on amounts contributed

The timeline for initiation and publication of the Loyakk Index will be communicated via www.loyakk.io

Official Token Purchase info at: https://www.loyakk.io

For more information visit the links below:

WEBSITE:https://loyakk.io/

WHITEPAPER:http://www.loyakk.io/#white-paper

ANN Thread: https://bitcointalk.org/index.php?topic=2838562.0

FACEBOOK: https://www.facebook.com/loyakk

TWITTER: https://twitter.com/loyakkvega

TELEGRAM: https://t.me/loyakk

Author: Brainerdpaul

BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409

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