Enabling B2B to collaborate on equal footing using trustless automated processes with GDPR and data privacy compliance: combining permissionless ad-hoc private chains with a permissionless public blockchain.
Multinationals and governments invest billions of dollars in automation solutions such as ERP, BPMN and CRM to run their day-to-day processes as efficient as possible.
However, the moment they need to collaborate with other organizations or even between departments, these efficiencies are gone. This so called 'silo effect' is the top barrier for organizations to reach a next level of efficiency of their business processes.
Then along came Decentralized Ledger Technology (DLT), which has the potential to solve this problem without compromising productivity and data security.
LTO Network enables collaboration between multiple organizations and departments via decentralized workflows, where parties can keep using their own (legacy) systems to participate in a process.
Whether you want to protect company sensitive data, or have to comply with GDPR, data privacy is crucial when collaborating B2B.
LTO Network’s unique hybrid approach embraces privacy by design. The process is pseudonymised and private sensitive data is shared on a need-to-know basis.
Each process creates an ad-hoc miniature chain. This private chain is only shared between the participants.
Rules of the collaboration are not dictated by the network, but defined in a Live Contract on a case-by-case basis.
All events in a process are securely stored on the event chain.
All nodes are connected through the LTO public chain, which is used to timestamp and anchor data and events.
The public chain is optimized for anchoring, allowing an immediate response through using the NG-protocol.
The chain can be used for decentralized workflows, as well as notarizing every type of information.
Using blockchain technology, LTO Network enables organizations to run B2B-workflows in a decentralized way, where parties participate via their own node.
Just as in the real world, when parties conclude an agreement, the execution of this agreement needs to be take place in the correct way. LTO Network uses decentralized workflows called Live Contracts to automate these procedures. Live Contracts contain instructions for both humans and systems on the actions that need to be executed. All parties involved in the Live Contract validate each others actions and secure data submissions.
LTO Network bursts the hype bubble and unlocks next level process efficiency. Today.
Nodes can simultaneously hold and handle numerous Live Contracts. Since every Live Contract forms a private chain, nodes can spin up more VMs to handle bigger loads.
Only the nodes of the participants of a particular process have access to a particular private chain. If required by law, the entire workflow with all related data can be erased.
Read our full explanation here.
Rather than broadcasting events to the entire network, nodes send events to each other directly. This way complexity and latency are reduced. The public permissionless chain is used for anchoring, ensuring immutable Proof-of-Existence.
Each event is validated based on the rules and conditions defined in the workflow. Actions that are not allowed will be rejected by all other participants.
LTO makes it easy to connect your existing systems and applications to a process, since each node exposes a JSON REST API.
The heart of the application layer is the event service. It handles all incoming events, delegating further processing to the application services.
The application layer contains a number of services - like the workflow manager - designed to perform a specific task. Custom services may be added to the application layer.
Decoupling ensures a stable system even in case of bad connectivity or a high load. The message queue is the communication layer for the private chain. Two simple services manage all inbound and outbound events.
Using the NG protocol, the network pre-approves transactions every 3 seconds. With other anchoring solutions you have to wait up to 20 minutes for a response.
With other public blockchains, the required disk space tends to be high, meaning synchronizing from genesis can costs days. With LTO, a summary block is generated each day, after which a node may delete the individual transactions.
Every LTO node has a JSON REST API. Integrating anchoring into your application is as simple as creating a SHA hash or your document or data and posting it with a single HTTP request.
LTO Network has been servicing clients from various industries since 2014. For over a year our focus has been on real-world decentralized workflow applications for enterprises, governments and standalone projects.
LTO Network helps your organization drive transparency and efficiency while maintaining legal compliance and cutting down operational costs.
Want to learn how we can help you kick-start your organizational blockchain journey?
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Our mission is to provide technology which fights bureaucracy, fraud and nepotism. A problem that plagues so many organizations, industries and governments. We believe that privacy and transparency are not mutually exclusive and are willing to prove it.