LTO Network

LTO Network (LTO) is a blockchain platform based in Europe that seeks to connect real-world and digital ownership. Initially, it was developed for B2B enterprise solutions with a focus on decentralized workflows, data verification, and authentication. The network's hybrid structure, which includes a public and private layer, aims to ensure GDPR compliance, facilitating companies worldwide to comply with increasing privacy laws. LTO Network's unique structure allows developers and businesses to build Privacy Aware Decentralized Apps (PADA) and explore various opportunities. The network also incorporates Decentralized Identifiers (DID) and Verifiable Credentials (VC), which are central to its newest focus, NFT2.0 technology. This technology strives to enable people to truly own and manage their NFTs in a decentralized manner.

LTO Network operates using a hybrid (2-layer) approach, which includes a public and a private layer. The private layer is designed for efficient collaboration, data exchange, and process automation, while the public layer provides high-level security through distributed nodes and a reward system. The network uses live contracts that allow parties to create mutually beneficial agreements in real-time. When an agreement is launched, a special private blockchain is created to record the history of events and the contract's current state. All contract data is only available to its parties. LTO Network is secured by the proof-of-stake (PoS) consensus algorithm, ensuring its robustness and security.

LTO Network offers a wide range of potential use cases, particularly in the realm of decentralized workflows and data verification. Its hybrid approach allows for the creation of Privacy Aware Decentralized Apps (PADA), which can be used by businesses and developers to explore unique opportunities. The network's focus on NFT2.0 technology also opens up possibilities for individuals to truly own and manage their NFTs in a decentralized way. Furthermore, the addition of Decentralized Identifiers (DID) and Verifiable Credentials (VC) to the network can drive KYC processes, making LTO Network a potential tool for identity verification and authentication.

LTO Network was initially developed as LegalThings One by Firm24 in 2014. In 2017, the decision was made to incorporate blockchain into the product and rebrand it as LTO Network. The team behind LTO Network includes experienced professionals from various fields. CEO Rick Schmitz, an experienced entrepreneur, previously worked in private equity and mergers & acquisitions at Deloitte and PwC. CFO Martijn Migchelsen, COO and co-founder of LTO Network, previously worked as a corporate finance consultant at PwC. Arnold Daniels, co-founder and lead architect of the project, has extensive experience in open-source development and leads the core development team. LTO Network launched its mainnet in January 2019 and has since continued to evolve and develop solutions to bridge the gap between the real world and the crypto space.