Blockchain technology has spearheaded the development of many businesses in recent years and while this can be a natural step towards technological advancement, is has sometimes been overly competitive, demanding the very foundation of traditional business.  As a result of this nature, LTO Networksaw a chance to come up with a product that could easily integrate with most of the companies, without bothering the businesses and scaring off prospective investors in the traditional space.

LTO Network establishes a Hybrid Blockchain for Decentralized Workflows that produces a GDPR compliant B2B blockchain infrastructure, which allows entities to collaborate on equal footing utilizing trust significantly less, automated processes via Live Contracts.

The hybrid strategy the LTO Network architecture utilizes provides an exceptional solution that's limited competition, particularly within the area of decentralized company solutions for process automation.  There are lots of projects that incorporate B2B solutions which to some extent empower some developments from the organizational productivity and efficiency but I think LTO more advance. 

Over the enterprise-blockchains industry has witnessed a lot of dedicated projects that aim to decode the principal dilemmas residing with"heritage" solutions.  The principal issue with the current solutions is they are either overly fond with programs which provide permission access into the community, thus being vulnerable to malicious activities, or they're decentralized, but too slow and too people for B2B criteria.  LTO generates an elegant solution which makes use of both private and public chains to catch the value of the kinds of networks.  Through this route, the Team wishes to create a platform that's horizontally scalable, so that provides equal access to all network participants, where all of the business processes are manufactured on-chain, where information stays private by providing the potential of erasing it and also that provides P2P communicating with nodes just broadcasting information between themselves. 

Lots of the use cases of the network, including supply chain, insurance, real estate, notary services, transport pricing automation (DTM), record management, tokenization of property and stocks, are being researched by established businesses and authorities.  For distribution chains, Belgium, The Netherlands, Germany, and a few private and public representatives intention to oversee the transport and removal of waste to and from other EU nations.  The strategies are to join numerous agencies to handle the operation and use LTO's solution to eliminate the heavy bureaucracy. 

On insurance, LTO Network is functioning with DEKRA to permit the progression of GDPR compliant automatic third-party data-handling.  With Transport Pricing Automation (DTM) businesses like Heineken, Euronext, Velcro, Cloud9 wish to set a digital trade management program, in which LTO's applications are used for automating the gain allocation workflows in each jurisdiction in which the multinationals function, and document the outcomes into the local taxation authorities.   

LTO Networkis also working together with the Dutch authorities on many pilots to automating data exchange for criminal cases, and decrease the paperwork for many stakeholders from the implementation of the procedure.