LTO NETWORK – TOOLKIT FOR TRUSTLESS WORKFLOWS
Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.
As more technological advancements are uncovered, network allows collaboration between multiple organizations and departments through decentralized work processes, where parties can continue to use their own (legacy) systems to participate in a process came on board.
WHY DO INVESTORS NEED A LTO NETWORK?
LTO Network has been serving customers from various industries since 2014. For more than a year, LTO Network has focused on real-world decentralized workflow applications for businesses and key businesses. government and independent projects.
LTO network helps your organization promote transparency and efficiency while maintaining legal compliance and cutting operating costs.
BENEFITS OF LTO NETWORK
Global public chain: All nodes are connected through the LTO public chain, used to mark time and anchor data and events.
Private data: LTO Network’s unique hybrid method is a design-based privacy. This process has a shared nickname and private sensitive data on a need-to-know basis
Event sequence: Each process creates a special miniature sequence. This private string is only shared among participants. All events in a process are stored securely on the sequence of events.
Automated hierarchy of work
Using blockchain technology, LTO Network allows organizations to run B2B workflows in a decentralized way, where participants participate through their own buttons.
LTO Network uses decentralized workflows called Live Contracts to automate these procedures. Live Contracts contain instructions for both humans and systems on the actions that need to be executed. All parties involved in the Live Contract validate each others actions and secure data submissions.
LTO Network bursts the hype bubble and unlocks next level process efficiency.
Miniature private blockchains
- Horizontally scalable
- Data privacy and GDPR
- Peer-to-peer communication
- Event validation
Inside a node
- User Interface
- Application Services
- Event Service
- Message Queue for Private Blockchain
Anchoring on Permissionless Public Blockchain
- Anchored in 3 seconds
- Summary Blocks
- Simple JSON REST API
NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,
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