Businesses prioritize data privacy and security because of how valuable data is and the damaging effect a leak or theft of data can result in. It can result in a damaged brand name which can take years and resources to repair.

Loyakk Vega At Work

The Loyakk ecosystem aims to provide a platform that will enable businesses engage with their network of partners in order to exchange information and data quickly and securely. To effectively run a business, a communication line has to be maintained that’s based on confidentiality between the various parties in order to avoid data leaks, patent theft, and contract disputes. The current challenges businesses face is that the available enterprise solutions are unreliable, unsecure, prone to attacks. This has necessitated a need for a paradigm shift in the enterprise solution. Enterprise blockchain adoption is still at a slow pace but gradually businesses are beginning to embrace the revolutionary technology after discovering that apart from cryptocurrencies they are enterprise-specific areas of blockchain application.

Blockchain technology provides an additional layer of security that can be relied upon to provide a viable solution to enterprise security needs. Royakk through it’s Vega Relationship Platform, a patent-spending business to business blockchain based platform aims to improve the way considerable and sensitive enterprise data is stored and exchanged between participants. The blockchain based platform will be able to resolve the unending challenges businesses face today, problems of data security and protection, data reunion, contract disputes, and response system framework.

Automated Workflow

Through the execution and automation of key work processes, delays, errors, and redundancies are avoided and collaboration between workers and business partners are increased and ultimately it leads to businesses achieving their goals faster, easier and efficiently. The Loyakk platform will support cross application data workflows across the blockchain making sure that only the right information is shared between the concerned parties at the same time in a secure manner. The platform gives an extra layer of access for businesses to integrate different office applications, restructure labor resources, and redefine the overall workflow steps to achieve the desired outcome. The Vega’s workflow capabilities is based on permissioned network that will only grant access to members based on identity, relationship and business contexts.

Relationship Manager

The Same way relationships are important in our conventional world, keeping and maintaining a solid relationship between customers, business partners is very necessary for any business to thrive. The Vega platform will provide an enterprise relationship management solution for businesses to build and maintain relationships between their partners and customers.

Loyakk Token

The Loyakk token is an utility token that will provide a means of payment for services on the Vega platform. With the Loyakk token, permissioned access to sensitive and confidential data will be granted to only the parties with exclusive access. As a purpose driven platform, enterprise will be able to create set of industry specific blockchain applications to be deployed and configured for their ecosystem of partners. The Loyakk token will manage and grant access to data sharing within the various network participants on the the Loyakk platform.

Conclusion

Loyakk is solving a global business problem through the Vega platform, providing a formidable security of enterprise data thanks to the underlying blockchain technology. Data sharing, collaboration and communication is established among the various parties involved, employing smart contracts allows for automation of the entire enterprise processes, decision taking between parties is instantaneous, without error and in a transparent manner.

Official Loyakk ICO Links
Website: https://loyakk.io/
Whitepaper: http://loyakk.io/#white-paper
ANN Thread: https://bitcointalk.org/index.php?topic=2838562.0
Telegram: https://t.me/loyakk

My Bitcointalk Profile https://bitcointalk.org/index.php?action=profile;u=2171173