LOYAKK VEGA - Decentralized Business Platform Supported by Blockchain

sinyocall (31)in #ico • 6 years ago

Loyakk Vega is a Decentralized Business Relations Platform supported by a blockchain that empowers organizations to safely and productively trade basic information and incentives in their business systems and in relevant ways and relationships.

The Loyakk Vegetoy Platform implements limited blockchain restoration innovations that are still waiting with the sophisticated administrative capacity of corporate relationships to overcome the difficulties of current business-to-business engagement with businesses.

Loyakk Vega offers quality to a full stack arrangement that combines basic applications and stage and administrative segments which are intended to quickly empower the initial use cases and be free of business while supporting the organization's vision and guidance for blockchain execution and business computerization changes.

MISSION LOYAKK

Loyakk's mission is to change the way businesses create and deliver value in a new decentralized economy with their global network of partners, channels, distributors and vendors. Businesses today face many challenges related to data security and privacy, data reconciliation, contractual disputes, inefficient processes and limited governance in their business networks which causes billions of dollars to be lost every year due to increased costs and loss of revenue.

Loyakk takes this real world challenge through the Vega Vega Business Relations Platform which is supported by patents. Loyakk Vega is an enterprise class platform that has been specifically designed for safe and decentralized business-to-business engagement. It utilizes patent blockchain technology that is delayed to support permissible data sharing, standard communication interfaces, accelerated value movements under intelligent contracts and consistent business policy and policy propagation - leading to improved security, efficiency and distribution of governance across business networks .

Aim

Loyakk's goal is to change the way companies offer value in a decentralized environment. They provide solutions to vulnerabilities in privacy, security, tasks and inefficient disputes using platforms that they call the Vega Business Relationship platform. This platform is currently waiting for a patent. It is designed for interaction and engagement between companies. Blockchain technology behind it offers communication services, data sharing and other functions. This is achieved by using smart contracts made on blockchain. Some of Loyakk's current customers are Abbott Labs, SAP, Mphasis, and Novartis.

Why Blockchain

Blockchain is public, the ledger is distributed from all transactions in the given system. This continues to grow as a completed block (transactional information) is added to it. These blocks are built linearly and chronologically through cryptography. Being a public system, information stored on blockchain is already available to all users; anytime anywhere. However, its distributed nature ensures that this information damages the evidence and cannot be changed. Blockchain is rapidly absorbing the global economic system - lowering costs, reducing risk, increasing efficiency, and delivering new levels of trust found through disintermediation of services. One sector that is experiencing a revolution by developing technology is the financial sector. The emergence of blockchain technology has explained many transactions through peer-to-peer transactions directly, through traditional intermediaries. The global financial system is very large, requiring large coordinated labor and resources only to process one transaction. Intermediaries are always asked to send, receive and verify transactions, resulting in a slow and complicated process. Often this, more often, targets of fraudulent fraud and activities that have resulted in very limited regulations being implemented and overriding higher costs for everyone. The 2008-09 global financial crisis - the worst economic disaster of the Great Depression of 1929 - brought unspeakable difficulties to millions of people around the world and a credit crisis that we have not yet returned. Global economic growth has not returned to the level it saw before the financial crisis. Most companies have been forced to restructure and dismiss workers; unemployment rate is still too high. The removal of Blockchain against third parties and eternity is facilitating a paradigm shift towards a safer, transparent and decentralized banking system that definitely puts control back in the hands of users.

Secure data transmission is the most important. Access to data must be consistent, verifiable and indisputable. The Vega platform can support data workflow between applications across the block chain. Business processes are aligned with data workflows so that the correct data is shared securely in the right legal, context and business rules. Each party has the ability to track and control access to their data.

Business relationships are very important for any collaboration. The Vega platform ensures smooth and frictionless interaction and administration among all parties involved. The use of data on the blockchain minimizes possible conflicts and allows quick resolution. The current system is outdated, slow, chaotic and often unsafe. The Vega platform creates web values

that are truly secure, partitioned, decentralized and allows transparent data transfer. There is a flexible blockchain area in the Web Value of the Loyakk platform.

There are tokens related to the Loyakk platform. This will serve several functions in the platform. Anyone who uses the platform will need this token to perform services or interactions. This token can carry data following a set of rules. Characteristics of tokens are permission definitions. This only allows authorized recipients to view data. Authorization rules can be applied to individual or complete companies. Tokens also allow standardization. This is important for the transfer and interaction of fluids through the network. Tokens are also responsible for creating and following all rules that determine how data is processed, updated and used. These rules can be based on location, identity, user behavior or relationships. Rules ensure that all transactions confirm rules and agreements. There are many excellent uses for this technology that can benefit a business.