LTO Network

LTO Network

Created using Figma
Created using Figma
LTO Network enables organizations and governments to collaborate on equal footing by using trustless business processes. Integrate existing apps and systems, increasing security and transparency while maintaining data privacy and GDPR compliance.
TBA
Token Details
Accepted Currencies
ETH, BTC, LTC, BCH, XMR, DASH, FIAT, XRP
Company Details
Registered Country
Netherlands
Additional Details
Categories
Platform

About LTO Network

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.

Every organization runs numerous business processes, which can define the rules of a workflow, visualized as a flowchart or BPMN diagram. With LTO, a workflow is expressed as a deterministic extended Finite State Machine (FSM).

Blockchain enables organizations to run these workflows in a decentralized way, enabling each party to participate using their own nodes. Collaborating parties can share information on-chain or off-chain, such as documents, linked data or (interactive) zero knowledge-proofs.

These decentralized workflows are called Live Contracts. Similar to Smart Contracts, Live Contracts provide a dynamic method for defining logic on the blockchain. However, the purpose of a Live Contract is not to just determine state, but to actively instruct humans and computers about steps in a workflow.

Features

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. 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 Network Roadmap

  • May 2014

  • Started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company FIRM24.com, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems.
  • May 2015

  • We released the first version of the LegalThings platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing.
  • Jan 2016

  • For FIRM24 we had created software to run the procedures behind an incorporation. Other customers were also interested in these digitized procedures. We did a small pivot, now focusing on digitizing the contracts as finite state machine, rather than just signing.
  • Sep 2016

  • We have explored different methods of providing proof of signed documents. While other parties relied on trust and certifications, we wanted a better solution. We started using the blockchain for proof of existence.
  • Read More
  • May 2017

  • We experimented with Ethereum Smart Contracts and found out that it could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts.
    Instead, we found a much better solution in using our FSM in combination with the blockchain.
  • Sep 2017

  • During the blockchain hackaton organized by the Dutch ministry of Justice and Security, we demonstrated that a whole law can be digitized as a FSM and stored on the blockchain. This won us the first prize in the event which included the assignment to create the first digitized Dutch law on the blockchain.
  • 6 Dec 2017

  • Our token pre-sale starts on the 6th of December. For 24 hours, the pre-sale is open only for members. You can register to be whitelisted and participate in this members-only pre-sale. After the whitelist pre-sale, we'll continue with a public pre-sale.
  • Dec 2017

  • We'll launch the LegalThings One platform as beta. All token holders will be able to use the platform. New content, like (live) model contracts will be added in the coming months.
  • Q2 2018

  • All tokens represent the full capacity of the LegalThings One platform. During this sale we'll sell licenses (represented by LTO tokens) for the platform.
  • Q4 2018

  • We'll publish the Live Contract syntax as open standards under the CC-BY-SA license. Software to run Live Contracts will be available under the MIT license. This will allow third-parties to to create and run Live Contracts without relying on LegalThings One.
  • 2019

  • To set precedence of the legality of data stored on the blockchain, we'll initiate trials in several countries. The following countries are candidates for these trials: United Kingdom, United States, India, Russia and the Netherlands.

Activity

Followers:
1 127
LOW
Tweets:
151
MEDIUM
30 Days Growth:
138
Members:
18 744
VERY HIGH
30 Days Growth:
4940
Alexa
Rank:
2 123 720
VERY LOW
Delta:
0
Year commits:
450
Watchers:
6
Stars:
5
Forks:
2
Open issues:
0

Team

Verified 13%

Attention. There is a risk that unverified members are not actually members of the team

Strategy & Investor Relations
verified
Senior Backend Developer
unverified
Lead Frontend Developer
unverified

LTO Network Interviews

IVAN GOLOVKO
As a team member, сan you tell us about your role in the ICO project?
Working with the community, speaking with investors and integrators, defining marketing strategy going further
What do you think about idea?
The project is fully adoption-focused, and the idea passed through years of testing the go-to-market strategies.

Last News

N/A
5.0 0
ICO Profile Vision Activity Potential Product Team

LTO Network Reviews

ICO Drops
Read More
MoNoico
Read More
Wolf Crypto
79
Read More
Midgard Research
We like the idea and tokenomics of the project. Hardcap is extremely low and reasonable: $5.2m for 42% of tokens that are divided between Private ($1.4m has already raised) and Public ($3,8m) sales.
LTO Network has publicly available testnet on their website and has already launched several successful pilots with several real companies. Mainnet to be launched together with the public sale in December!
They have notable partnerships with NuCypher, POA Network, Waves, CPChain. Moreover, they get mass awareness from the leading figures in the industry: ICODrops, MoNoico, Wolf Crypto, and we expect even more. All mentioned above will bring a lot of hype to the project and increase its investment potential.
LTO Network will issue ERC20 tokens with their own blockchain tokens (LTO) during the public sale. They can be converted in both ways through the token bridge. LTO Networks’ crowd sale will be conducted through Proportional Token Allocation model (like Fusion had).
Overall we put LTO Network On The Radar and will release a detailed review soon.
Read More
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO