About Loyakk

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.

Features

1. Transaction Manager (TM). A TM’s role in Loyakk Vega platform will be to store and provide access to encrypted private transaction data. It will also be responsible to communicate with other TMs in the network if required based on participation of other nodes and the type of transaction.
2. Crypto Manager (CM). CM in Loyakk Vega platform will be responsible for private key management, communication with TM, and encryption and decryption of transaction data. A CM in Loyakk network may be used at the level in the tree or at any level below its own level.
3. Voting Chain (VC). VC in the Loyakk Vega platform will offer majority-vote based consensus mechanism to verify the transactions.
4. Validation Manager (VM). A VM in the Loyakk Vega platform will serve an arbitrator and record holder responsible for maintaining the public as well as private state of transactions in which it participates.

Technical Info

Technical details:  Ethereum ERC20 standard token. The source code:  The code is not available. Proof of developer:  Public team.

Loyakk Roadmap

 

  • November 2015

  • Customer Relationship Platform Release

  • January - October 2016

  • Onboarding of Blue chip clients (SAP, infosys, Abbott, Novartis, Mphasis)

  • October - December 2016

  • Customer demand for Enterprise Relationship capability with Blockchain-grade security and integrity

  • January - April 2017

  • Customer Requirements Gathering

  • May - July 2017

  • Enterprise Blockchain Solution Scoping and Design

  • August - September 2017

  • Patent-filling & ICO plans

  • February 2018

  • ICO Main Sale Starts

  • March - April 2018

  • Token Reconciliation & Issue Vega Platform Development continuous

  • July 2018

  • Vega Alpha Release

  • August 2018

  • Lighthouse Customer Engagement Join Go-to-Market with Charter Technology and Service Partner

  • October 2018

  • Industry Value Web Solution for Insurance Released

  • December 2018

  • Focus on Customer Success & Referenceability

  • January 2019

  • Industry Web Solution for Wealth Mgt Released

  • February 2019

  • API Release for third-party App developers Vega Blockchain Developer Network Program Launch

  • March 2019

  • Vega Platform Update - Version 2.0 Released

  • April 2019

  • Industry Value Web Solution for Hight-tech Released

  • June 2019

  • Vega Developer Ecosystem Marketing and Growth. Start showcasing Developers and their software/add-ons

  • October 2019

  • Industry Value Web Solution for Life Science Released

  • November 2019

  • Platform Updates - Version 3.0 Released
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