LTO NETWORK- Hybrid Blockchain for Decentralized Workflows

lieuvanlong (28)in #lto • 5 years ago

Overview
LTO Network is a blockchain platform enabling B2B to collaborate on equal footing by using trustless processes: essentially any business process (BPM) or legal agreement can be automated via Live Contracts (extended deterministic Finite State Machines). LTO infrastructure combines miniature ad-hoc permissionless private chains and a permissionless public chain - as well as the developer toolkit to interact with them. Processes are completely GDPR and regulatory compliant and are also made easy for adoption and integration. The blockchain uses a newly developed Leased proof of Importance staking model and uses BitcoinNG consensus.

Each association maintains various business forms, which can characterize the principles of a work process, pictured as a flowchart or BPMN graph. With LTO, a work process is communicated as a deterministic expanded Finite State Machine (FSM). Blockchain empowers associations to run these work processes decentralizedly, empowering each gathering to take an interest utilizing their own hubs. Teaming up gatherings can share data on-chain or off-chain, for example, records, connected information or (intelligent) zero learning proofs. These decentralized work processes are called Live Contracts. Like Smart Contracts, Live Contracts give a dynamic strategy to characterizing rationale on the blockchain. In any case, the reason for a Live Contract isn't to simply decide state, yet to effectively educate people and PCs about strides in a work process.

LTO Technology

LTO Network, which was recently marked as LegalThings One, needs to convey straightforward legitimate exchanges to the blockchain. Starting today, the lawful business as a rule still works paper-based. LTO organize needs to present an advanced appropriated record recorded process that serves individual and business needs identified with lawfully restricting contracts. For this reason the task is building a decentralized work process motor that empowers the sharing of data on private blockchains though exchanges will be recorded on an open blockchain.

LTO Network needs to utilize the Least Proof of Importance accord system for building up agreement on their blockchain. This agreement instrument permits little token holders that don't wish to run a hub to get token prizes. It is indistinct why LTO Network needs to make their own blockchain as opposed to utilizing a current and demonstrated base layer convention.

The idea that LTO Network presents depends on the collaboration between specially appointed private and open blockchains. It is hard to construct such a setting completely starting with no outside help for a moderately little group with constrained monetary assets. In their white paper and open blog LTO Network isn't legitimizing why they are not utilizing one of the current blockchain biological communities that has effectively created answers for trade of private data through the blockchain, for personality the executives and for the account of exchanges on an open conveyed record. All these utilization cases are created as of now by a few groups and are basic for the work process motor conceived by LTO Network.