Before we proceed, you need to believe that something amazing has come upon us in the form of LTO network. Really big is an understatement. Have you heard about “LIVE CONTRACTS”?
There’s an incredible amount of buzz about blockchain, given its purported potential to transform business operating models. Much of the interest in blockchain stems from the foundational nature of the technology, which gives it the flexibility to be adapted for a variety of problem-solving applications.
But the huge anticipation of blockchain has been accompanied by a lot of unjustified hype, which can mislead and confuse people about the true benefits that blockchain might create. Blockchain technologies, once used exclusively for buying and selling bitcoins, have entered the mainstream of computer applications, fundamentally changing the way Internet transactions can be implemented by ascertaining trust between unknown parties. In addition, they ensure immutability (once information is entered it cannot be modified) and enable disintermediation (as trust is assured, no third party is required to verify transactions).
These advantages can produce disruptive changes when properly exploited, inspiring a large number of applications. These applications are forming the backbone of what can be called the Internet of Value, bound to bring as significant changes as those brought over the last 20 years by the traditional Internet. This chapter investigates blockchain and the technologies behind it and explains their technological might and outstanding potential, not only for transactions but also as distributed databases. It also discusses its future prospects and the disruptive changes it promises to bring, while also considering the challenges that would need to be overcome for its widespread adoption.
LTO NETWORK
LTO infrastructure is a platform where different parties/contracts etc can work together without needing to trust a 3rd party, simply put. A Live Contract presents a dynamic logic for presenting a dynamic method for defining logic on the blockchain. However, the purpose of a Live Contract is not just to determine the state of a process, but to actively instruct humans and computers about the steps it contains. This unique processes are called the “workflow” which is simply the template of any business process.
https://cdn-images-1.medium.com/max/800/0*aTM_0XKCpIiIHcGf
LTO network in 2017 created “LegalFling” which is an app that allows people give their sexual consent. How sweet ?
What is a Live Contract ?
A Live Contract is simply the agreement between two or more parties recorded through the use of decentralized workflows to automate the process. All parties involved in the Live Contract validate each others actions and secure data submissions. As we all know blockchain has been full of hype that usually fall short of living up to its potential. LTO is here to rewrite that and restore blockchain to its original potential.
REAL WORLD CLIENTS & INDUSTRIES : Supply chain, insurance, real estate, notary services, transfer pricing automation (DTM), document management, tokenization of real estate and shares, LegalFling.
Multi-layer Adoption Strategy of LTO Network
LTO facilitates every kind of multi-stakeholder collaboration. Making processes cheaper, combining new age technologies.
GDPR-compliant. Eliminates reintroduction of data, without the need of changing systems. Unrivaled easy to set up in the cloud. And, not entirely unimportant, enabling working completely paperless.
In the coming days,weeks and months ahead, LTO will work steadily on building the stairway to the path for mass adoption.
Below you can see the clients who have already gone LIVE with the LTO network and infrastructure.
RICK SCHMITZCEO
Rick has been a Private Equity and M&A Tax lawyer at both PwC and Deloitte. Rick is also the founder of the successful Dutch startup Firm24 and LegalThings.
ARNOLD DANIELSLead Architect
Arnold is a software engineer with over 20 years of experience and a certified AWS architect. Arnold is a former Lead Software Engineer at Cloud9 IDE (acquired by Amazon in 2016).
MARTIJN MIGCHELSENCFO & COO
Martijn worked as a Corporate Finance Advisor at PwC where he was part of the Technology sector team. He is also the co-founder of the successful Dutch startup Firm24 as well as LegalThings.
SVEN STAMCTO
Sven has 15+ years of experience. He holds a masters degree in Artificial Intelligence with a specialization in Distributed Systems.
MARTIJN BROERSMAVP Operations
Martijn previously worked as a lawyer at Firm24. He is specialized in automating complex (legal) structures and workflows and oversees LegalThings’ daily operations.
IVAN GOLOVKOStrategy & Investor Relations
Ivan is co-founder of Distributed Fund and Distributed Alliance, and is also advisor to VITE. Former CMO of ICODrops. Ivan brings his experience in product positioning, community management and investor relations.
MOESJARRAF JAHANGIERSenior Backend Developer
Moesjarraf is one of main engines driving LegalThings development. He created a large part of the services around LegalThings node.
YEVHEN HORBACHOVLead Frontend Developer
Yevhen has over 15 years of development experience in which he led the front end team of the European Patent Office, he is currently in charge of the LegalThings frontend development.
SARFARAAZ JAHANGIERDeveloper
MITCHEL KERCKHAERTDeveloper
JURRE WOLSINKDeveloper
TIES VAN DIJKSystem Integrator
RICK ROSHead of Sales
BENJAMIN ROELOFFS VALKDesigner & Marketeer
MICHAEL NIEVELDLegal & Tax
MAURITS WISMEIJERLegal
ADVISORS
MIKE EGOROVNuCypher
Mike Egorov is CTO of NuCypher with a PhD in Physics, previously working as a Senior Software Engineer at LinkedIn. He is helping us with the technology validation and crypto industry exposure. We are also working together on the EPD product for healthcare.
SANDOR KLEINDocker
Sandor Klein is Vice President of International Sales at Docker. He previously held management position at CA technologies, EnterpriseDB, and RedHat. Since LTO Network is deeply integrated with Docker, Sandor helps us connect to more clients and increase the adoption level of both companies.
PEDRO IRUJOCEMEX Ventures
Pedro Irujo is an advisor to CEMEX Ventures, having previous experience in Vodafone and PwC. We are working together on a supply chain case for Latin America. Pedro is also helping us in validating financial terms and investment approaches.
FEMKE STROUCKENCMS
Femke Stroucken is a partner at an international legal firm CMS. Next to helping us with the legal questions, we are also working together on formalizing commercial lease contract lifecycles as Live Contracts.
Author : Bluestacks
Website : https://lto.network/
Twitter : https://twitter.com/LTOnetwork
Medium : https://medium.com/LTOnetwork
Telegram : https://t.me/LTOinfo
Whitepaper : https://lto.network/documents/LTO%20Network%20-%20Token%20Economy.pdf
Github : https://github.com/legalthings
Youtube : https://www.youtube.com/channel/UCaHcF-xterKYTKSpY4xgKiw
