Businesses face numerous challenges related to the secure and efficient transmission of data with their business associates. Limited visibility, contract disputes and data leakage across their business network results in increased costs and huge revenue loss. In order to tackle these challenges, Loyakk platform offers secure and efficient data sharing and value movement via smart contracts with security policies and business rules which leads to increased efficiency, distributed governance and improved security. Loyakk uses the iconic blockchain technology linked to the Vega Enterprise platform to facilitate the connection, interaction coupled with the exchange of data and value amongst various customers, partners and enterprises.
This platform will leverage a proprietary consensus system and a patent-pending nested blockchain mechanism to build Tokenized Data containers to facilitate the movement and sharing of data and value among numerous business network shareholders based on relationship, identity and business rules. Vega will ensure the delivery of key features which are the basis of value-webs. They include; Workflows, Secure Information Exchange and Relationship Management. Loyakk value information and they ensure that all stakeholders have access to the shared data. In addition, Vega aids the data workflows that involves all business network systems across the blockchain. Furthermore, the platform enables enterprises to manage and build relationships amongst the various participants in order to optimize the output of the ecosystem.
All users registered on the Loyakk Vega platform are required to acquire the Loyakk Data Token to enable them transact and interact within the Loyakk ecosystem. The Loyakk token transmits data within the conformity of the law and beyond the company boundaries. It enables Provenance, Propagation and Permissioning of rules, data and values within the business network. Loyakk are of the opinion that network derives its value from the amount of data interchanges taking place on the platform. The data interchanges help businesses to grow and also increase their network. Loyakk seeks to power all interactions through the Loyakk Token.
The Platform’s Application Layer comprises of various sets of application modules that assists the enterprise in managing relationships within the business network. The key capabilities of the Application layer include the Channel Acceleration Module, Partner Management Module, Customer Engagement Module, Vendor Management Module, Distribution Management Module, and the Common Platform Components – which is further divided into; Conversations, Content Publishing, Unified User Experience and Analytics. The combination of these application layers enable the secure and efficient exchange of rules, value and data within the ecosystem.
Loyakk platform was built by two talented professionals, Salim Ali and Jitu Telang. They put together a team to ensure the smooth running of the platform and to facilitate more advancements and innovations. In conclusion, Loyakk platform solves numerous challenges and at the same time brings in newer and advanced innovations like the enhancement of business network relationships and collaboration, innovative and smart business models and efficient value movement for revenue transformation. Finally, Loyakk will soon collaborate with development partners to jointly create specialized solutions and also give opportunities to developers to test their products that will improve the Vega applications and platform and give the users added value and choice. To learn more about this awesome platform, click on any of these links; website whitepaper telegram twitter facebook bitcointalk ANN
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