LOYAKK

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What is LOYAKK VEGA

Loyakk Ltd is based in London, England and is the originator of this ICO. Loyakk Vega is a Decentralized Business Relationship Platform supported by blockchain that enables companies to securely and efficiently exchange critical data and value in their business networks and in a contextual and relationship manner. The Loyakk Vegetoy Platform embeds patent-pending blockchain proprietary technology with sophisticated corporate relationship management capabilities to address the challenges of modern business-to-business engagement across the industry. Loyakk Vega gives strength to a full stack solution that includes critical application and platform components and services designed to quickly enable early and unblocking use cases across the industry while supporting enterprise vision and roadmaps for blockchain implementation and enterprise digital transformation. Loyakk is run by a bluechip team with a mix of potential corporate DNA software and technical capabilities that include software capabilities and enterprise blocking capabilities. The team has filed several Blockchain Patents, worked on Hyperledger Fabric and Quorum based applications, built the Stock Option Trading System on ETrade, and the High Frequency Trading Platform at CMT and Pension. Business leadership has led the creation of multi-billion dollar solutions, and organizes global marketing efforts in SAP, Oracle-Siebel and VMware.

Mission

Loyakk’s mission is to transform how businesses create and deliver value in a new decentralized economy with their global network of partners, channels, distributors and vendors. Businesses today face many challenges related to data security and privacy, data reconciliation, contract disputes, inefficient processes and limited governance in their business networks that cause billions of dollars lost each year due to rising costs and lost revenue.

Loyakk takes on this real-world challenge through the Vega Vega Business Relations Platform backed by patents. Loyakk Vega is an enterprise-class platform that has been designed specifically for business-to-business engagement that is safe and decentralized. It leverages patent pending blockchain technology to support the sharing of permitted data, standard communication interfaces, accelerated value movements based on intelligent contracts and policy propagation and consistent business policies — leading to increased security, efficiency and distributed governance across business networks .

MARKET OPPORTUNITY

THE PROBLEM

Businesses face multiple challenges related to the secure and efficient sharing of data with their business partners. Data leakage, contract disputes and limited visibility across their business networks leads to billions of dollars in revenue loss, and increased costs.

THE SOLUTION

Loyakk offers a patent-pending business platform that enables secure, permissioned sharing of data & value movement through smart contracts with business rules & security policies – leading to greatly improved security, efficiency & distributed governance.

Loyakk is a addressing a global business problem with a very large target market. These critical problems faced by companies across the world and across multiple industries can lead to billions of dollars in lost revenue and increased costs. The basis for our platform – built with patent-pending blockchain technology – is our in-house token LYK which protects & tracks critical business data across business networks.

Web Value Industry

Supported by the Vega Business Relation Platform Value Industrial High-Tech

Industry Companies will reconsider how they manage high-value businesses by better utilizing relationships across their business networks. By bringing partners, vendors, contractors, resellers and other sales agents into the public network, businesses will be able to change the way they sell, implement and support complex technology solutions. The Loyakk Vegetoy Platform allows the sharing of secure IP agreements, projects and information, verifiable project tracking and smart contracts that are aware of the relationship between service delivery and compensation with contractors and vendors. All of these capabilities help speed up project agreement and execution; improve overall project agreement & profitability while greatly reducing project risk.

The Value of the Web Insurance Industry

A web with distributed value supported by Vega may enable insurance companies and various third parties to easily and instantly access and update relevant information (eg claims forms, evidence, adjustment reports, police reports etc.) and perform their roles efficiently through intelligent pre-defined. contract. With the ability of Vega to provide shared data storage / ledger on many trusted parties on the web of values, Insurers can independently verify the authenticity of customers, contracts and policy transactions by keeping a complete historical record, increasing the speed of offer and issuing policies and reducing or eliminating errors in process.

WHAT BENEFITS DOES LOYAKK BRING

Loyakk seeks to do the following :

Accelerate and smooth complex agreements, multi-party projects with smart contracts, and minimize disputes through better data verification and origin.
Allows permissible visibility and access to relevant data by network members based on the context of identity, relationship and business.
Facilitate safe, timely, and accurate movement of digital assets and values among participants based on regulations and business policies that are disseminated across the network.
Standardize all interactions on the network, helping to reconcile data from different sources and systems around a common version of the truth approved by network members.
Ensure that all data and interactions across ecosystems can be independently verified by customers, partners, auditors and regulators.

And about all,Loyakk seeks to Secure and simplify the exchange of information, collaboration and engagement among members of a distributed business network.

PLATFORM LOYAKK

The Loyakk Vega Business Relationship platform will leverage patent-pending nestedblockchain architecture and a proprietary consensus mechanism to share and/or move data and value between business network participants based on identity, relationship and business rules. Vega will thus deliver key features that are the foundation of valuewebs. These are as follows:

Secure Information Exchange – In a value-web, information is value.

Building operations around an business network begins by ensuring all user get access to the right (shared) data and ensuring that this data is verifiable, consistent and immutable.

Workflows – Data moves at times manually and at times programmatically.

Regardless of what initiates data movement (across organizations and blockchains), it needs to be controlled and be auditable. For this purpose, Vega supports data workflows between all business network applications across the blockchain. These data workflows are aligned with business processes; the right information is securely shared based on relationship contexts, legal agreements and applicable business rules. Individual parties can control and track access to their proprietary data or content.

Relationship Management – Relationships are the cornerstone of any business ecosystem.

In value-webs relationships are dynamic and relative.Vega’s relationship management capabilities enable enterprises to create and manage relationships amongst participants of the value-web with a goal of maximizing the the output of the ecosystem.