Today, trades have spanned across borders. Companies and businesses collaborate from country to country and from city to city for the sole purpose to share data and communicate with one another. Businesses or companies interaction internally with their branches in other states or city, or externally with business partners or companies that aid their production cycle. For companies to communicate across borders there must be an effective medium of communication. As effective communication foster better productivity. In the need to create an efficient communication channel. Companies make use of the infrastructure available to them, they use emails, FTPs, and other active channels to communicate with one another.

Over the years we have seen that these infrastructures aren't efficient means for a company to communicate with business partners or branches or even other companies. Companies face very many challenges like data loss, IP theft, reconciliation issues, processes, disputes, and governance.

Data loss is an error condition in information systems in which information is destroyed by failures or neglect in storage, transmission, or processing. Information systems implement backup and disaster recovery equipment and processes to prevent data loss or restore lost data. Wikipedia

Data loss can occur as a result of many different reasons which includes Human errors, which could happen as a result of user mistakingly clicking the delete or erase button. Software corruption happens as a result of intermittent software shut down which may cause loss of data. Hardware malfunction also contributes the most to data loss, it contributes to about 2/5 of all data loss and this could happen as a result of power failure, head crash, system overload or controller failure. Computer virus also contributes to the growth rate of data loss, as it slows down systems and steals sensitive information.

With all these many challenges faced by companies to communicate with their associate, partners or even potential business partners. Loyakk is creating a new way companies share data and collaborate with one another across borders. Loyakk is a blockchain project that uses blockchain to enhance the relationship between companies, partners to engage with their network of business partners with greater security, high efficiency, and governance.

What is Loyakk's Mission?

Loyakk's mission is to revolutionize how businesses create and deliver value, especially within a decentralized economy. The loyakk Vega Business Relationship Platform transforms how businesses interact by enhancing the execution of contractual duties, reducing communication time and increase the security of information transmitted. Loyakk's solutions are effective due to its extensive global network of partners, channels, distributors, and vendors. ANN Thread

Through blockchain, Loyakk wants to blur the borderline companies face while trying to communicate between inter and intra-company. They are helping to solve a global business challenge and create a seamless data sharing and business communication between companies by providing a solution to the challenges faced by businesses to collaborate more effectively.

Loyakk's Solutions

• Creating a platform that is secured and private. With the use of blockchain technology file sharing between business parties are well secured, so information theft is eliminated entirely. Creating an easy and efficient flow of information between companies globally.
• Due to the robust nature of blockchain technology, Loyakk is leveraging the technology to create a verifiable data phase, where target data is matched against the original source data to ensure data migration was done accurately.
• Since the processes are handled by smart contract when certain criteria are met. The platform, therefore, eliminates contracts dispute between parties.
• Available infrastructures are not efficient and are prone to information theft, Layakk proposes an efficient ecosystem where business parties can seamlessly communicate and share data across bothers.
• Loyakk provides a solution to Limited governance in business processes, it creates an open ecosystem where businesses can operate in.

Token Information

Road Map

Visit the Loyakk official website, join the social media communities and consult the official documents for more information about the project.

Official Contacts

Website : http://www.loyakk.io/
Telegram : https://t.me/joinchat/Hbh2llKie55QGqJdvcUCAA
Whitepaper : http://loyakk.io/#white-paper
Medium : https://medium.com/loyakk-vega-blog
Twitter : https://twitter.com/loyakkvega
Facebook : https://www.facebook.com/loyakk

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