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.
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.
Transform Business Network Interactions
Loyakk is a addressing a global business problem with a 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. Existing enterprise solutions have failed to address the problem effectively and are dated, significantly flawed and unsecure, and require manual interventions or workarounds.
The Loyakk platform offers companies unrivaled ease of interaction with secure movement of business data in keeping with business rules and intricate business relationship context – all via their own secure, transparent and private business networks. 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.
A BUSINESS-READY FUNCTION-RICH ‘UTILITY+++’ TOKEN
The Loyakk token, simply put, is a carrier of business data. It is required for all inter-company interactions on all Loyakk-powered business networks. The act of initiating one interaction i.e. sending data from one business to another business is considered one data interchange and consumes a LYK token.
The LYK token also enables critical functions that manages multiple levels of permissioning, and it controls the propagation of the data amongst the participants in the business network. The unique capabilities LYK will allow for full auditability and tracking of business data across company boundaries.
SECURES AND STREAMLINES DATA EXCHANGE
Secures and streamlines information exchange, collaboration, and engagement between members of the distributed business network
ENABLES PERMISSIONED VISIBILITY AND ACCESS
Enables permissioned visibility and access to relevant data by network members based on identity, relationship and business contexts
DRIVES TIMELY AND ACCURATE MOVEMENT OF DIGITAL ASSETS
Facilitates secure, timely & accurate movement of digital assets & value between participants – based on business rules & policies propagated throughout network
ACCELERATES COMPLEX DEALS
Accelerates and streamlines complex deals and projects involving multiple parties with smart contracts, and minimizes disputes through better data verifiability & provenance
STANDARDIZES ALL COMMUNICATIONS
Standardizes all interactions on the network, helps reconcile data from disparate sources and systems around a single, common version of truth that network members agree upon
Ensures that all data and interactions across the ecosystem can be independently verified by customers, partners, auditors & regulators
The Loyakk Vega Platform is built with proprietary patent-pending blockchain implementation and delivered as a full-stack solution. Loyakk Vega includes the critical application and platform components along with the services that enable enterprises to securely and efficiently exchange critical data and value within their business networks.