Loyakk is a blockchain-enabled platform for enterprise business networks that enables enterprises (or companies) to engage with their network of business partners with greater security, efficiency and governance. With Loyakk, businesses can now combine blockchain with relationship management capabilities to address critical challenges they face in b2b engagement, including data / IP theft, data reconciliation, contract execution and disputes, while ensuring compliance to business rules across the network. This leads to significantly reduced operational friction costs and revenue leaks, while accelerating business revenues.
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.
The LYK token performs specific critical functions within the decentralized business networks or Value Webs powered by the Loyakk Vega Business Relationship Platform. The LYK token: is required to invoke any microservice on the platform, and interact & transact within the Value Web. Further, the LYK Token enables Permissioning, Standardization and Propagation of Data, Value & Rules across the Value Web.