Loyakk's mission is to transform how businesses create and deliver value in the new decentralized economy with their globally distributed network of partners, channels, distributors and vendors. Businesses today face multiple challenges related to data security and privacy, data reconciliation, contract disputes, inefficient processes and limited governance within their business networks leading to billions of dollars lost annually due to increased costs and lost revenues.
Loyakk is addressing these real world challenges through our patent-pending blockchain-enabled Vega Business Relationship Platform. Loyakk Vega is an enterprise-grade platform that has been designed specifically for secure, decentralized business-to-business engagement. It leverages patent-pending blockchain technology to support permissioned sharing of data, standardized communication interfaces, accelerated movement of value based on smart contracts and consistent propagation of business rules & security policies - leading to greatly improved security, efficiency & distributed governance across any business network.
Loyakk Vega is a blockchain-enabled Decentralized Business Relationship Platform that enables enterprises to securely and efficiently exchange critical data and value within their business networks and in a contextual and relationship-aware manner. The Loyakk Vega Platform embeds proprietary patent-pending blockchain technology implementation with advanced enterprise relationship management capabilities to address modern business-to-business engagement challenges across industries. Loyakk Vega powers a full stack solution that includes the critical application and platform components and services that's designed to readily enable early and evolving blockchain use cases across industries while supporting a firm's vision and roadmap for enterprise-wide blockchain implementation and digital transformation.
Enterprises will reimagine how they manage their high value business by better leveraging relationships across their business networks. By bringing partners, vendors, contractors, resellers and other sales agents into a common network, businesses will be able to transform how they sell, implement and support complex technology solutions. The Loyakk Vega platform enables secure, permissioned sharing of deal, project and IP information, verifiable project tracking and relationship-aware smart contracts drive services delivery and compensation with contractors & vendors. All these capabilities helps drive accelerated deal and project execution; improved overall deal & project profitability while greatly reducing project risks.
A distributed value web powered by Vega can enable the insurer and various third parties to easily and instantly access and update relevant information (e.g., claim forms, evidence, adjustor reports, police reports etc.) and efficiently execute their roles via pre-established smart contracts. With Vega's ability to provide a shared data repository / ledger across multiple trusted parties in the value web, Insurers can independently verify the authenticity of customers, policy contracts and transactions by storing a complete historical record, increase the velocity of the quote and policy issuance and reduce or eliminate errors in the process.
You can read more about these and other Enterprise Value Web use cases in the Business Overview White Paper.
Secures and streamlines information exchange, collaboration and engagement between members of the distributed business network
Enables permissioned visibility and access to relevant data by network members based on identity, relationship and business contexts
Facilitates secure, timely and accurate movement of digital assets and value between participants based on business rules and policies propagated throughout the network
Accelerates and streamlines complex deals, projects involving multiple parties with smart contracts, and minimizes disputes through better data verifiability & provenance
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
"Blockchain-powered business networks is a very compelling notion when you consider the needs of business to streamline & secure interactions across the business partner network. Loyakk's vision and platform to create decentralized Value Webs holds much potential".
"Blockchain will impact industries well beyond FinTech. Loyakk will be the disrupter in enabling businesses to create networks powered by Blockchain".
"Salim and the team at Loyakk have an audacious goal that is grounded in clear thinking and deep enterprise DNA"
"Loyakk has one of the best use cases for blockchain technology that I've seen and this combo of loyakk's technical DNA and Business background from SAP, Oracle-Siebel and IBM is rare"
"I have invested into Loyakk as they have the opportunity to do something very transformative by bringing blockchain into the heart of Enterprise Applications, and be the next SAP and more"
"Loyakk is reimagining the future of business applications for the blockchain world and they have my attention and investment".
Loyakk develops Enterprise Relationship solutions used by blue-chip customers such as SAP, Novartis, Abbott Labs, Infosys, Mphasis.
Loyakk Ltd. and iStrategies Ltd. are based in London, UK and are the originators of this ICO.
Please review the Loyakk Business Overview White Paper. to get a deeper sense of the Solution and it's impact on Enterprises across the globe.
Loyakk has a grand vision to completely transform Enterprise Applications with Blockchain, and the Loyakk Business Overview document details the Use Cases across multiple industries. You should participate if you believe in our vision to disrupt the Enterprise Application space, and have confidence in the team, their background and expertise.
The extended Loyakk Team has blue-chip Enterprise DNA having run multi-billion businesses, filed multiple Blockchain Patents, worked on Hyperledger Fabric and Quorum based applications, built Stock Option Trading Systems and High-Frequency Trading Platforms. The team is a very rare combination of Blockchain and Enterprise Software coming together.
The Loyakk token powers all transactions on the Loyakk network. The token is specifically a utility token and is required for conducting a transaction on the Loyakk network. The Loyakk network interactions are essentially a set of micro-services and each invocation of the micro-service requires a token. As the number of invocations increases, the number of concurrent tokens required increases. In addition, Loyakk is the first ICO aiming to be transparent on the effectiveness of the network using a new, patent-pending "data faucet" token called the Loyakk Index. When live, this "zero value" Loyakk Index token can be queried for details on the proliferation, spread and usage of the Loyakk Network. While we will keep the confidential data of our Enterprise Customers completely and totally private, this Loyakk Index will aggregate usage metrics across Loyakk customers to provide a consolidated view. More details of this Loyakk "Beacon" Token can be found in the Tokenomics document.
Loyakk's Vega Enterprise Relationship platform is being built on an Ethereum core with elements of Quorum and proprietary patent-pending extensions. We will be using a variant of BFT Consensus given Enterprise Use Cases and needs.
The Whitepaper and Tokenomics sections above provide access to all relevant documents.
The Loyakk ICO Open Sale will begin on April 15, 2018 06:00 hrs GMT
Yes, there are caps for both Token Purchasers and Businesses. Details can been seen on Page 6 in the Tokenomics document.
The Tokenomics document details the Loyakk Token, its use within the Vega Enterprise Relationship Platform, and Token Sale specifics.
The minimum threshold is 200 Loyakk Tokens. Loyakk retains the right to limit tokens sales beyond 22 Million tokens (12%) to a single entity. Any request for Tokens that exceed 22 Million (12%) will require Loyakk Ltd. Board approval.
All details are here on www.loyakk.io. When the ICO starts, Loyakk will start accepting payments in bitcoin and ether. Once the ICO sale completes, we will then audit all payments and issue Loyakk tokens to our token buyers. We will finish the issuance of tokens to our buyers in Q1 2018. Token buyers will be issued tokens first and before the Loyakk team.
There are multiple options: MyEherWallet (requires no download and you store your private key), Coinbase (Web), Parity (Desktop), Mist (Desktop), imToken (iPhone and Android). Other exchange options are: Poloniex, Kraken, Bitstamp, Cex.io, Exodus, BITfinex, BITrexx, Exodus. (To receive Loyakk Tokens, please provide only an ETH/ERC20 wallet)
Yes. Loyakk has conducted two independent security assessments. The primary assessment was conducted by Durvaankur Advanced Information Security Services, Austin, TX - Durvaankur.com
Yes, we will not issue tokens to the employees of Loyakk at the same time as our Token buyers. To ensure sufficient incentive to contribute to building the platform, employee and team tokens will vest over a period of one year.
The role of the Loyakk Utility token, Terms and Conditions and Risks are covered across the Tokenomics document available on loyakk.io, and the Terms & Conditions section of the Token Sale site.
Blockchain Technical Architect and Development Lead
Blockchain Solutions Architect
Chief Marketing Officer
Director, Loyakk Ltd.