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.
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.