Loyakk - Transforming company communication

Loyakk ICO Review

Communication is the stronghold of modern society and business. No business can thrive, or even survive without having a properly functioning communication medium. There are multiple stakeholders in a business. From the Enterprise itself, to its customers, business partners, vendors or any other possible stakeholders, there is extensive transmission of information and data amongst this network.

The better the collaboration amongst these entities, the better value output from the business overall. This value chain, in reality, is not linear but includes simultaneous contributions from the multiple members of this chain.

With this extensive network of valuable entities in a business, a number of challenges and issues faced by its members arise. Businesses face problems related to data security and privacy, data reconciliation, contract disputes, inefficient processes and limited governance. Setbacks like these can occur at any stage or aspect of the business network. This can lead to stakeholders undergoing losses worth a huge chunk of resources.

The Blockchain Solution

Blockchain is currently widely revered as a secure method of data sharing and communication with a lot of the perks businesses desperately seek in their functioning. The principle behind Blockchain having a distributed ledger and maintaining the integrity of the data through a distributed computing environment can be very beneficial to businesses.

“Blockchain-powered business networks is a very compelling notion when you consider the needs of business to streamline & secure interactions across the business partner network. Loyakk's vision and platform to create decentralized Value Webs holds much potential.”
-Anthony Thomas, Global CIO, Nissan Motors

Loyakk is using this very technology in their Vega Enterprise Relationship Platform to enable enterprises to connect, interact and exchange data and value with their various partners and customers in their business network.

Loyakk Vega: The future of B2B Communication

Loyakk is addressing the challenges faced by businesses through their blockchain enabled Vega Enterprise Relationship Platform. Vega is an enterprise-grade platform that is designed specifically for secure business-to-business communication. It utilises blockchain technology to support permission sharing of data, standardized communication interfaces, accelerated movement of value based on smart contracts and consistent propagation of business rules & security policies. This leads to a great improvement in security, efficiency & distributed governance across any business network.

The Vega platform delivers a number of key features which companies seek in their ERPs. Security in data communication is ensured by the rightful sharing of data. This data is stored valuable and put under the appropriate permissions. Vega supports data workflows between all business network applications across the blockchain. Relationship management is another integral aspect of any business. And Vega’s capabilities enable enterprises to create and manage relationships amongst participants of the network with a goal of maximizing the output of the ecosystem.

All these functionalities of the Vega ERP are based on the Loyakk Token, which is essential for all inter-company interactions across the business network. The parties involved in a Loyakk Vega platform, require the Loyakk Token to interact and transact within the Loyakk-powered business network. It is a carrier of data along with the rule and permissions that control access and propagation. The Loyakk token is Ethereum-based and should be tradable on various exchanges in future.

A powerful team

Loyakk's team boasts experience from big companies such as Oracle, VMWare, SAP and IBM. Yes, they are all IT systems companies but that gives them a good understanding of the complications and challenges an enterprise faces. They have advisors from Nissan, McAfee and SAP making their team and advisors the project's biggest asset. They all have relevant experience and capabilities to bring out the potential for Loyakk.

Token Sale

Token : LYK (ERC20 standard)
Total Supply : 1,000,000,000
Current Release : 300,000,000
Available for Purchase : 183,000,000
Price Per Token : £ 0.50
Purchase Options : Payable only in BTC or ETH
Min. Purchase : 200 LYK