Overview & Vision

As a species we continue, as we innately always have, to push the boundaries of what is technically and physically possible; since the birth of the internet, continuous waves of technological advancement have swept across the globe, enabling humans to become better connected than ever thought possible. Data of all types can be transferred around the world in a snapshot- a magnificent feat, yes, but current mechanisms present many inherent problems for both organisations and individuals, relating to security, efficiency and usability.

Loyakk’s vision is to continue the pattern of technological advancement in the field of data sharing and operational cooperation by building a next-generation decentralised B2B platform of exchange and interaction. Created utilising layers of cutting edge technologies, Loyakk’s solution will enable opportunities for businesses regarding functionality, security and cooperation not previously possible with traditional systems.

Loyakk is envisioning a truly next-generation B2B solution suitable for the blockchain age.

Current Industry Situation

Although current digital solutions allow for the opportunity for (relatively) swift global data transfer and communication, current industry mechanisms and technologies also present inherent problems for the whole spectrum of users- from individuals to corporate entities. No matter what your budget, certain problems relating to data security, functionality and data interactivity are inherently not able to be overcome using current solutions.

Issues resulting from the using traditional technologies for B2B data transfer are cripplingly frequent and wide ranging, from contract disputes and data reconciliation to inefficient business processes. Such disputes and hindrances cost businesses billions of dollars, but are an inherent and always somewhat a technologically unavoidable aspect part of using outdated current systems.

Lokakk’s Solution

Benefits of the Loyakk ecosystem, taken from the Loyakk website: https://loyakk.io/

Loyakk are approaching the problems and inefficiencies of businesses in their crucial day-to-day interoperations and data sharing with an impressively innovative vision for a truly revolutionary blockchain-based solution. Loyakk is a pre-existing company already specialising in providing exceptional services which aid businesses in effectively connecting and interacting through their successful solution. The company boasts a host of partners and customers who depend on their solution daily to conduct effective business operations. Loyakk intend to take their impressive solution to the next level by implementing cutting edge blockchain-based technology to enable new functionalities and inherently vastly superior security.

Top-Tier Team

When evaluating any company, or project, is always important to ensure that the team have the skillsets and expertise required to carry out the vision they are outlining. Of course, anybody can write an impressive whitepaper and create a persuasive website; the idea is the easy part, it’s implementing the idea which is difficult. In the Wild West of crypto, ensuring that the team has the experience and capability required is crucial.

The team behind Loyakk do not disappoint. The Loyakk team truly are a combination of experts and are each impressive in their own right, which is always great to see. Loyakk boasts talented team members with backgrounds from IBM, Nissan, McAfee and many more huge industry players.

Superior Blockchain Technology

Loyakk’s decentralised ecosystem will utilise the possibilities of blockchain technology to provide members within the network a truly next-generation B2B experience. Loyakk’s patent-pending blockchain technology-based platform will enable businesses to use blockchain for a variety of business operations and B2B interactions in a more secure, efficient and functional way than ever before possible with traditional centralised systems or solutions. The platform will allow for the efficient exchange of a variety of data, such as documents or video files, in a blockchain-assisted ultimately secure manner, and furthermore will represent a whole decentralised collaborative ecosystem of businesses with superior and more advanced mechanisms for interaction, networking and cooperation than ever before possible.

Loyakk’s Native Token (LYK)

The fuel powering the engine of Loyakk’s blockchain-based solution is the ecosystem’s native LYK token. The LYK token itself will provide various functionalities within the Loyakk ecosystem, but can essentially be considered as a utility token and ‘data container’ which is utilised in order to allow participants within the Loyakk ecosystem to send data to one another through the Loyakk platform.

LYK token mechanism, taken from the Loyakk Tokenomics whitepaper: https://loyakk.io/wp-content/uploads/2018/07/Loyakk-Token-Terms-Conditions-O244.pdf

The public sale of Loyakk’s native LYK tokens is still currently ongoing, and more information can be found on their website.

Verdict & Summary

The projects which most impress and excite me in the space are those which go against the grain of the majority of new blockchain based projects- which are of course either outright scams or are using blockchain for the sake of blockchain- by presenting both the innovative vision and technical capability required to create an effective and truly ground-breaking decentralised business ecosystem. Loyakk already host an impressive B2B solution and have proven their capability to provide a superior service through the company’s successful operations and the many partnerships they have built as a result.

Loyakk’s innovative solution promises to not only make crucial routine business operations and communication more secure, efficient and open than ever, but also stands to revolutionise the way in which businesses interact and network and enable B2B possibilities like never before. I will be closely following Loyakk on their journey to revolutionise business interaction and operations with their innovative decentralised solution.

Have any questions regarding Loyakk? Join their active community on Telegram where you can discuss anything Loyakk-related: https://t.me/loyakk

Learn more at their website: https://loyakk.io/
Dig in deeper with Loyakk's whitepapers: https://loyakk.io/#white-paper

Get connected to Loyakk on social media:
Twitter: https://twitter.com/LoyakkVega
Facebook: https://www.facebook.com/loyakk/

My Bitcointalk.org profile (leonidas89): https://bitcointalk.org/index.php?action=profile;u=1669790