LTO Network is a hybrid blockchain platform with business-to-business functionality. The project, which has raised about $4 million through private and public token sales, was co-founded by Rick Schmitz and Martijn Migchelsen. Consensus on the public layer is accomplished through leased proof-of-stake, which enables the community to secure the network and share the network fees generated by the organization as rewards. The leasing mechanism enables anyone to participate in staking without running a node. The consensus model will later be changed to a proof-of-significance lease to mitigate the risk of centralization. Real-time contracts are built to optimize business workflow. The LTO Network combines a private chain and a public leasehold proof-of-stake blockchain to enable a General Data Protection Regulation (GDPR) compliant blockchain solution. LTO Network is also developing a series of applications such as Proofi, FillTheDoc and LetsFlow. LTO tokens are used to pay transaction and smart contract gas fees, stake, and vote in on-chain governance.

Project Introduction

Since 2014, LTO Network has been serving clients from various industries. For over a year, we've been working on a true decentralized workflow application for enterprise, government, and independent projects. LTO Network helps your organization increase transparency and efficiency while maintaining legal compliance and reducing operating costs.

Project Vision

The mission of the LTO team is to create and maintain a fully decentralized, efficient blockchain infrastructure that is directly applicable and designed to create value for the organization. LTO can be used by any company that needs a production-ready blockchain that allows digital verification of digital assets and enables collaboration through the use of decentralized workflows.

Project Highlights

Cost Efficiency
LTO is dedicated to helping companies reduce the cost of repetitive operational processes.

Automation
While automation makes businesses more efficient and productive, it is limited to the silos within the business. Using LTO for process collaboration, enterprises can benefit from data reuse and automation without switching the systems currently used in the organization.

Compliance
Demonstrating compliance is critical to any industry. With LTO, you can document all data entries and steps in your business processes to protect evidence and comply with regulations. LTO is also GDPR compliant.

Application Scenario

Digital Inventory and Inspection Application
Provides immutable evidence for data entry and creates inspection reports for critical locations such as airports, petrol stations and hazmat.

Electronic signatures using blockchain verification codes
Secure document contents against tampering and provide proof of the specific date and time the document was signed.

Data Sharing in the Notary Process
The notary process relies heavily on paper-based processes. LTO makes consolidation programs more efficient by sharing data efficiently and securely.

Authenticity of artwork
By verifying artwork on the blockchain, objects are better protected and authenticity can be established more easily and quickly.

Contracts Made Easy
Simply answer a few questions in the form on your smartphone and receive a fully negotiated and executed contract that can also be found on the blockchain Hash processing is done on-chain.

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