Loyakk: The Secure Platform for Businesses

djhaywire (25)in #blockchain • 6 years ago (edited)

For every industry, there are different small businesses that make up that particular industry. Without one part of a niche of the business in any industry, it would generally crumble. For these businesses to run perfectly well to ensure smooth flow in the industry, they need to share data. Most businesses use the traditional method of emails which is not secure and safe for transactions that involve serious, sensitive data. There are several drawbacks when businesses use emails for sharing data and for communication. Emails create a surplus of information because of the ease in disseminating that information. It could lead to exposure of computer networks to malware and virus risks. This could be a very severe problem later on as delicate data could end up in the hands of the wrong people. These viruses could be sent as attachments which could even cause damage and forfeiture of data. It could also lead to unprofessionalism between businesses as email are generally considered an informal method of distributing information.

The most disturbing of the above drawbacks however is the data security and privacy part for the business. Data loss could herald the end or downfall of a company. Every year, businesses lose a lot to data hacks and leaks. In fact an estimate has been made about the cost of data leaks by business networks and it was estimated to be a whopping 2 trillion dollars! That’s way past the value of certain industries even!

Loyakk understands these problems and has created a solution for it. The solution is in the form of a platform called the Vega Enterprise Relationship platform. It is a platform built using the blockchain technology and with its integration, will allow for secure, verified and irreversible exchange of data. Its primary aim is to allow for business networks share, communicate and exchange data and value freely with their respective partners. Loyakk will allow for data that can be controlled and auditable because pf the fact that it’s a business platform only. It also intends to facilitate relationships between business partners to allow for better decisions and as a result, better output.

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The Loyakk token will be introduced to allow for a Loyakk driven ecosystem. Each and every business on the network will use the token for communication and data sharing on the platform. The private blockchain ledger will allow for payments for products, management of deliveries and verifiable data. To generate revenue for smooth running of the platform, LYK tokens will be charged for each interaction on the Vega Enterprise Relationship platform and different businesses will have to be licensed to use the platform.

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LOYAKK ICO

The Loyakk token, LYK will be ERC20 compatible and will have a total release of 177,000,000. Only 60,000,000 of the total supply will be made available for sale during the ICO. The hard cap to be reached is 28 million dollars. Tokens will be distributed about 8 to 12 weeks after the end of the ICO. The price per token will be $0.65.

LOYAKK TOKEN DISTRIBUTION

Loyakk token dist.PNG