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LOYAKK: TOKENIZED DATA CONTAINER FOR COMPANIES VIA BLOCKCHAIN

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Of all technological innovations, the one that has really improved and made more fascinating the lives of millions of people is that of communication. The importance of relationships in our daily lives can not be overemphasized, in whatever we do be it business or not is dependent on our ability to make, maintain and sustain relationships. Many businesses have failed today because the prospects of the business are not properly communicated due to the fact that there are no existing good relationships between the parties involved because good business relationship brings about efficiency. Service providers are laden with the responsibility of creating and delivering value, to its service users. For service providers to be able in providing value for its clients, there is a need for a good working relationship between both parties. Companies and industry have had to face challenges reaching out and understanding Better the clients needs so as to satisfy them, for this reason, the Loyakk Vega platform was created to ensure a better relationship between large organizations and their clients, thereby ensuring clients needs satisfaction.

MISSION
There are too many challenges facing the business world today, ranging from data security and privacy, data reconciliation, contracts disputes, inefficient processes an limited governance within business networks leading to billions of dollars been lost annually, due to cost increase and lost revenues, and Loyakk is set out to provide lasting solutions to all these challenges, using its patent-pending blockchain enabled Vega enterprise relationship platform.

ABOUT LOYAKK VEGA

The Loyakk Vega enterprise relationship platform will take advantage of patent-pending nested blockchain architecture and a proprietary consensus mechanism, to create tokenized data containers, which will allow sharing and movement of data and value between business network participants based on identity, relationship and business rule. Loyakk provides key features that are the foundation of value-webs. These features are listed below :

Secure information exchange: on the Loyakk business platform, information equals value. To be able to build around a business network, there has to be an assurance that users will access the right (shared) data and also ensure that the data veritable, permission and immutable.
Workflows: data movements swings between manual and automatic, not minding what brought about the movement of data across organizations and blockchains, it still has to be put under control and is ready and prone to audit.
Relationship management: relationships are the lifeblood of any business platform. In value- webs, relations are prone to changes and it's relative. Given the ability of Loyakk Vega relationship management, enterprises are able to create and manage relationships amongst participants of the value web, with a goal of increasing the output of the ecosystem.

The Loyakk Vega enterprise relationship platform enables data exchange, business context and value in a secure, permission, verifiable and immutable. Sharing sales and deal data, actionable intelligence, leverage and drive the automatic process through the use of smart contracts and can transact business with anyone across the world, provided value is created for the client. Building a blockchain enabled Platform, Loyakk Vega is thereby creating an enabling environment for enterprises to connect, converse and exchange data, placing value on their various partners and clients in the business network.

COMMON PLATFORM COMPONENTS
These services stay the variety of core components that motivates transaction, and will be used by customers, channels, partner, distributor and vendor modules :

Content publishing
Conversation
Analytics
Unified user experience

THE TOKEN
Every party using the Loyakk Vega platform needs the Loyakk data token to be able to communicate and trade inside the Loyakk powered business network. It's a carrier of data along with the rule and permission that control accessibility and propagation, exceeding company boundaries. It enables permission, propagation and provenance of data, values, and rules across the business network. Specification of a common interface, standard format, and rules for data interchange and interoperability, thus enabling many parties (businesses), communicate and carry out business transactions with ease and very much less stress.

Token: LYK
PreICO Price: 1 LYK = 0.50 GBP
Price: 1 LYK = 0.50 GBP
Bonus Available
Bounty Available
Platform: Ethereum
Accepting: BTC, ETH
Restricted areas: USA

CHALLENGES

insecurities
chaotic data arrangement
difficulty tracking data across company boundaries.

SOLUTIONS

partitioning
complete security
data audit-ability
use of tokenized data containers for moving data and transactions.

SUMMARY
One of the major problems organizations have had to face is the safekeeping of clients data, as technology improves, the number of computer literates increases alongside, and hence users are vulnerable to hackers and million of data is lost. With the invention of the Loyakk Vega enterprise relationship platform, users relationship is improved and their data well secured, through the use of smart contracts.

TEAM
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