LTO Network

LTO Network LTO

$0.0781
Market Cap $ 18.881 MM (#342)
24h Volume $ 2.854 MM
Chg. 24h: 3.43%
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LTO Network project purpose and description

LTO Network clarity of purpose

LTO Network purpose and aspects

LTO Network is a blockchain platform enabling B2B to collaborate on equal footing by using trustless processes: essentially any business process (BPM) or legal agreement can be automated via Live Contracts (extended deterministic Finite State Machines).

LTO Network categories

Blockchain as a serviceNetworkingPrivacy

Short description

LTO Network enables collaboration between multiple organizations and departments via decentralized workflows, where parties can keep using their own (legacy) systems to participate in a process.

Abstract

Digitalization and automation of business processes offer great benefits in terms of productivity and cost reduction. Organizations struggle to tap into these benefits for interorganizational processes, partly due to a lack of trust. Bitcoin has proven how blockchain can use distribution and cryptography to provide a system that does not rely on trust. LTO builds upon this foundation with a decentralized workflow engine employed for ad-hoc collaboration. Information is shared between parties using per-process private event chains and hashed on a public blockchain. This hybrid approach allows organizations to meet any data protection regulations and prevents scalability issues that are typically associated with blockchain projects.

Link to Roadmap: https://lto.network/timeline.html
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