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Loyakk Vega 4.25/5 (1) - Blockchain-enabled business platform

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...

Token sale ended

4.3
Hype5.0
Security4.0
Team4.0
Vision4.0
  • Token: LYK
  • Price: 1 LYK = 0.50 GPB
  • PreICO start: 7 Jun 2018
  • PreICO end: 14 Jun 2018
  • ICO start: 15 Jun 2018
  • ICO end: 31 Oct 2018
  • Country: United Kingdom
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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.

Team

Tsvetan Georgiev

Blockchain Technical Architect and Development Lead

Jimjees Abraham

Blockchain Solutions Architect

SURESH RAMAKRISHNAN

CHIEF PRODUCT OFFICER

Marzanne DeLoof

Customer Success

Rakesh Sreekumar

Chief Marketing Officer

Sadiq Quasim

Director, Loyakk Ltd.

Milestones

  • 2017
    Base platform v1 built Lighthouse customers Token Sale preparation
  • Q1 2018
    Token Sale readiness Current customer management
  • Q2 2018
    Token Sale event V2 Platform built
  • Q3-Q4 2018
    Token Sale reconciliation V2 platform release Lighthouse customer acquisition
  • H1 2019
    Technology partnerships Launch industry packages
  • H2 2019
    Platform Blockchain API launch Continue customer acquisition Platform extensions
  • H1 2020
    Scale partner GTM Launch partner program
  • H2 2020
    Platform v3 release Pluggable functional modules Blockchain infrastructure upgrade
  • H1 2021
    Solution templates & content libraries Global industsry network defined
  • H2 2021
    Additional industry packages Network enrollment & expansion

Token

  • Platform: Ethereum
  • Price: 1 LYK = 0.50 GPB
  • Accepting: ETH,BTC
  • Token distribution: 34% - Token Sale 18% - Team 16% - Incentives & Rewards 14% - Strategic Partnerships 11% - Developer Bounty 7% - Advisors
  • Hard cap: 30,000,000 GPB

Proof Points
4/5

Legal entity

Registered Address: London, UK

https://beta.companieshouse.gov.uk/company/07860871

Prehistory of project

Base company Loyakk has activities for previous years

Product or its MVP

No MVP information were found. Alpha is planned to be released in September 2018.

Blockchain experience

Tsvetan Georgiev and Jimjees Abraham – Managing Partners at ChainDigit

 

Advisor Ian Scarffe has a lot of experience in blockchain, all projects are listed in his profile

Escrow

No escrow information were found

Comments

Update: 23.04.2018

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