LOYAKK: BLOCKCHAIN-BASED DATA EXCHANGE PLATFORM FOR BUSINESS ENTERPRISES
Businesses, whether small, medium scale or big all face the challenges of procuring and securing information, providing efficient services and resolving conflicts within their enterprise. These challenges sometimes can only be handles through means that are very cost intensive; thus increasing the expenses incurred by these companies. This is where Loyakk Project aims to come in.
The Loyakk Vega Project is a blockchain based decentralized platform; where businesses and enterprises can exchange data in a very efficient and secure manner, through a business relationship platform. Loyakk promises to transform the creation process within the economy of companies, providing them with a decentralized economy, containing a global network of sellers, buyers and distribution channels.
The Loyakk Vega Project will feature two major premium value industry webs, which include:
• A high-tech industry value web that will foster the safe sharing of IP addresses, deals and transactions with contractors, fast project procurement and delivery tracking systems and smart contracts service delivery; by bringing all the practitioners involved in these processes ( sales agents, contractors, resellers and partners) together under one network.
• An Insurance industry value web through which insurance industry practitioners can access and post data and information relevant to their cause. These information could be about claims, data showing evidence, police reports and so on. They will also get opportunities to perform all the activities they require, through the use of smart contracts already pre-established.
The platform will help insurers verify how authentic certain claims are, independently; by providing a shared data ledger which will span a number of trusted parties within the value web.
BENEFITS OF THE LOYAKK PROJECT
• The Loyakk Vega Project will help reduce the complexity of business projects and deals which involve several parties by adopting the use of smart contracts.
• There will also be an improvement in the accuracy and timeliness of digital assets moved between business participants within the Vega network.
• The Loyakk Vega Project will help businesses maintain a collaborative relationship with the members of the distribution chain within their network.
• The project will make sure all transactions and interactions within the platform will operate at a definite standard; so members can be assured concerning how data and information are sourced.
• The platform will also go out of its way to ensure the data between members within the network are not only relevant but also verifiable; by willing auditors, customers and regulators.
• The platform will make relevant information visible and accessible to users within its network based on their identity, business activities and relationships.
Conclusion
Loyakk Vega is a blockchain based platform which is aimed at transforming how companies and firms collaborate and share data with members of their business network. This network could comprise of their customers, investors, creditors and even stakeholders. The platform is concerned with developing and managing the relationship between these entities; using business solutions adopted by blue chip corporations. This is definitely a good one as business owners within the cryptocurrency market have already begun to tap into the project’s offerings.
TOKENS
Tokens that fuels the economy of the Loyakk platform is known as Loyakk token (LYK). They are built on the ERC20 smart contract and serve as the means by which confidential data are accessed by authorized parties on the platform. It also allows for seamless interaction between participants of the ecosystem. In essence, the loyakk token is required in business networks for sending data from one organization to another.
TOKEN SALE INFORMATION
Token Ticker: LYK
Type: Utility, built on ERC20 smart contract
Hard cap: $28,000,000
Price:$0.65
Token sale date: June 16th- August 31st
For more information about Loyakk, kindly visit:
Website: https://loyakk.io/
Whitepaper: http://www.loyakk.io/#white-paper
Telegram: https://t.me/loyakk
Twitter: https://twitter.com/loyakkvega
ANN Thread: https://bitcointalk.org/index.php?topic=2838562.0
Writer: Crypto4ruby
Writer bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350