European blockchain project LTO Network partners BitMax.io to boost the adoption of blockchain technology, significantly improving automating processes amongst organizations through decentralized workflows or Live Contracts.
The journey began in 2014 for LTO Network and four years later it is launching with numerous clients and working projects. It will soon be listed on the BitMax.io exchange and bring a new wave of enterprise adoption with a unique token model.
Both LTO Network and BitMax.io advocate transparency and innovation in digital asset trading and will partner up to boost the adoption of blockchain technology. LTO Network has come up with a product that can be integrated into many businesses, enabling entities to collaborate on an equal footing by using Live Contracts.
LTO Network and Live Contracts
LTO Network is a European blockchain project, which has taken a hybrid approach. Its architecture consists of multiple, private chains, and a public chain, which acts as a security settlement layer. Using more than one layer allows for more customization and scalability.
Governments and multinationals invest billions in automation solutions to make their day-to-day processes efficient, but when it comes to automating processes amongst organizations, a gap exists that LTO Network believes it can fill. Their decentralized workflows, called Live Contracts aren’t dictated by the network but defined case-to-case.
The process of how businesses interact and exchange information is automated, splitting traditional contacts or processes into parts and containing instructions on actions or sequences that need to be executed that both humans and machines can understand. Live Contracts allow organizations to seamlessly integrate blockchain technology and enhance their capabilities, rather than replacing current systems.
Organizations are able to meet data privacy requirements with the private layer that enables data sharing, collaboration and automation of processes. Nodes handle many Live Contracts, and only the nodes of participants in that particular process have access to that private chain. Each party
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