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BlockchainBrad catches up with LTO Network CEO, Rick Schmitz, for an exclusive update for Nov ’19. LTO Network is a blockchain integrator platform enabling better and more productive B2B outcomes. LTO offers a hybrid blockchain solution to data silos and the tech is designed to improve & decentralise workflows. Any business process or legal agreement can be automated via live contracts and LTO Network is all about making integrations more efficient, cost effective and easy! Already, LTO showcases a vast number of real uses and applications.
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– 02:43 The importance of B2B and revenue: you need product-market fit to sustain
– 06:20 Rick’s opinion on the blockchain for marketplaces, BaaS, and enterprises
– 08:00 What does it mean to break silos: about different systems and reusable data
– 11:40 About B2B in China and the blockchain, and LTO Network’s plans for expansion in Asia
– 16:35 The killer tech is the plug-and-play elements, and the ease of connecting with existing systems
– 21:30 December 10: NEN project, the Dutch ISO, to go into the next stage
– 27:25 Expanding the business strategy in 2020: new tooling and products
– 31:00 LTO token and the value. It’s becoming less of a zero-sum game for projects
– 36:10 Rick about exchanges
– 43:55 About 2020 transactions with the focus on Proofi virality
(Thanks to Ivan for adding this!)
Rick Schmitz, CEO of LTO Network: “Our hardest learning about B2B and blockchain is that education and onboarding are easier & better with integrators and ISVs.”
Functional layers of LTO:
1. Decentralized applications
Organizations participate in distributed applications via their node, without the need for a central system.
2. Distributed data processing
Data is shared peer-to-peer between the nodes of specific participants, never with the whole network.
All nodes are connected via the public blockchain, facilitating consensus and data integrity.
Why a hybrid blockchain?
Businesses are drawn to blockchain by the potential cost-savings that be gained through trustless collaboration. Unfortunately, privacy constraints prevent wide-spread adoption of public blockchains.
Consortium chains provide an alternative, but these re-introduce most of the issues blockchain tries to solve, including network authority, memberships, conflicts of interest, and high setup costs.
LTO Network allows for ad-hoc collaboration, where private data is shared peer-to-peer between parties. There is no need for a consortium as the entire global network helps to protect integrity.
Use cases: Solutions built on LTO Network
Digital checklist & inspection application
Digital signing with blockchain verification
Data sharing in notary procedures
Authenticity of artwork
Contracts made easy
Smart property lease agreements
The Internet of Environments
Smart certificates on the blockchain
Streamlining small criminal cases
The LTO community is the governing authority of the community platform – not the core team. The goal is to reward and incentivize the community by adding value and have other members judge these efforts through upvoting useful input and downvoting malicious behaviour.
This interview was entirely, 100% FREE for the People! In every way, there were no tokens, no under the table deals. I believe that sponsored content is not a problem if disclosed openly to the community. This is not Financial Advice. Please #DYOR
I have invested in LTO. This is not Financial Advice, #DYOR always.
The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success.
It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses.
BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner.
#LTO #LTONetwork #BlockchainBrad #DecentralisedWorkflows #BlockchainIntegrator #crypto
Hybrid Blockchain Examples, LTO Network | Crypto Interview | Hybrid Blockchain | Integrator | Real Use Case Improved Workflows.
Are You Prepared To Sell Your Business
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