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Revolutionizing Asset Security: LTO Networkâs Solution for Real World Assets
How can LTO Network secure Real World Assets?
In the rapidly evolving landscape of asset management and security, blockchain technology has emerged as a groundbreaking solution. Among the leaders in this technological revolution is LTO Network, which leverages blockchain anchoring and our OWNABLES platform to offer secure and tamper-proof records for Real World Assets (RWAs). This method not only enhances transparency but also builds trust in sectors where the verification of ownership and transaction history is crucial, such as real estate, manufacturing, and logistics. What we offer is not only the onboarding and tokenization of RWAs but also a supply chain tracking technology embedded into the RWAs.
Blockchain Anchoring and the Integration of OWNABLES
Blockchain anchoring involves recording data from external sources onto our blockchain, creating a timestamped and immutable record. This ensures that each assetâs data is verifiable and unalterable.
Additionally, we are pioneering the use of OWNABLES, a new kind of digital asset that represents RWAs. Each OWNABLE is a unique digital token with a decentralized identifier (DID) that links to detailed metadata about the asset. This metadata includes vital information such as ownership history, physical characteristics, and legal status, all securely anchored to our blockchain. By combining blockchain anchoring with OWNABLES, we create a dual layer of security. This not only solidifies the integrity of the asset's data but also enhances users' ability to interact with and manage their assets seamlessly in a digital environment.
The Importance of Immutable Proof of Ownership and Transaction History
In asset-intensive sectors, the ability to demonstrate clear and indisputable ownership is essential. With blockchain anchoring and OWNABLES, LTO Network provides immutable proof of ownership and a comprehensive transaction history for each asset. This is critical for ensuring legal compliance, maintaining transparency, and building trust in markets such as real estate, where proof of ownership is fundamental to any transaction.
Enhancing Operations in Manufacturing and Logistics
The integration of OWNABLES with blockchain anchoring can significantly optimize operations across various sectors:
Manufacturing: Manufacturers can utilize OWNABLES to track each component in their products throughout its lifecycle, from production to sale. This detailed tracking aids in managing product quality and safety and in conducting effective warranty and recall operations. An example is our partnership with Scantrust, where we enhance capabilities for ensuring and demonstrating product authenticity and traceability, thereby boosting consumer trust and satisfaction.
Logistics: OWNABLES also transform logistics by enabling the precise tracking of shipments. Each shipment, logged as an OWNABLE on our blockchain, provides stakeholders with detailed information about its origin, transport history, and delivery condition. This unprecedented level of detail significantly enhances the efficiency and reliability of shipping operations.
Practical Applications
Real Estate: We enable the creation of OWNABLES for properties, ensuring that every transactionâwhether leasing, selling, or transferringâis recorded with immutable accuracy. This not only streamlines property management but also provides robust protection against fraudulent activities.
High Value Items and luxury goods: OWNABLES can serve as a digital passport for each luxury product. By creating an OWNABLE for every luxury item that comes out of manufacturing, LTO Network can store immutable records of the item's provenance, including its creation date, unique serial number, and detailed specifications. Potential buyers can verify the authenticity of an item before purchase by checking its blockchain record. This significantly reduces the risk of counterfeiting and fraud, a common issue in the luxury goods market.
Commodities: Gold often serves as collateral or an investment asset. Using OWNABLES, each gold bar's ownership can be transferred digitally and instantaneously on the blockchain, enhancing market liquidity. This system reduces the need for physical movement of gold, lowering transaction costs and time. Additionally, it provides investors with a reliable method to verify their holdings and audit their asset history at any moment.
Conclusion
LTO Network is at the forefront of utilizing blockchain technology to secure and manage Real World Assets through innovative solutions such as blockchain anchoring and OWNABLES. By creating a tamper-proof, immutable record for each asset, LTO Network enhances transparency, builds trust, and streamlines operations across various sectors, including real estate, manufacturing, and logistics. The integration of OWNABLES not only secures detailed asset information but also facilitates efficient asset management and verification, making it invaluable for asset-intensive industries. This approach not only mitigates risks such as fraud and counterfeiting but also improves operational efficiency, positioning LTO Network as a pivotal player in the future of asset management and security.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
In the rapidly evolving landscape of asset management and security, blockchain technology has emerged as a groundbreaking solution. Among the leaders in this technological revolution is LTO Network, which leverages blockchain anchoring and our OWNABLES platform to offer secure and tamper-proof records for Real World Assets (RWAs). This method not only enhances transparency but also builds trust in sectors where the verification of ownership and transaction history is crucial, such as real estate, manufacturing, and logistics. What we offer is not only the onboarding and tokenization of RWAs but also a supply chain tracking technology embedded into the RWAs.
Blockchain Anchoring and the Integration of OWNABLES
Blockchain anchoring involves recording data from external sources onto our blockchain, creating a timestamped and immutable record. This ensures that each assetâs data is verifiable and unalterable.
Additionally, we are pioneering the use of OWNABLES, a new kind of digital asset that represents RWAs. Each OWNABLE is a unique digital token with a decentralized identifier (DID) that links to detailed metadata about the asset. This metadata includes vital information such as ownership history, physical characteristics, and legal status, all securely anchored to our blockchain. By combining blockchain anchoring with OWNABLES, we create a dual layer of security. This not only solidifies the integrity of the asset's data but also enhances users' ability to interact with and manage their assets seamlessly in a digital environment.
The Importance of Immutable Proof of Ownership and Transaction History
In asset-intensive sectors, the ability to demonstrate clear and indisputable ownership is essential. With blockchain anchoring and OWNABLES, LTO Network provides immutable proof of ownership and a comprehensive transaction history for each asset. This is critical for ensuring legal compliance, maintaining transparency, and building trust in markets such as real estate, where proof of ownership is fundamental to any transaction.
Enhancing Operations in Manufacturing and Logistics
The integration of OWNABLES with blockchain anchoring can significantly optimize operations across various sectors:
Manufacturing: Manufacturers can utilize OWNABLES to track each component in their products throughout its lifecycle, from production to sale. This detailed tracking aids in managing product quality and safety and in conducting effective warranty and recall operations. An example is our partnership with Scantrust, where we enhance capabilities for ensuring and demonstrating product authenticity and traceability, thereby boosting consumer trust and satisfaction.
Logistics: OWNABLES also transform logistics by enabling the precise tracking of shipments. Each shipment, logged as an OWNABLE on our blockchain, provides stakeholders with detailed information about its origin, transport history, and delivery condition. This unprecedented level of detail significantly enhances the efficiency and reliability of shipping operations.
Practical Applications
Real Estate: We enable the creation of OWNABLES for properties, ensuring that every transactionâwhether leasing, selling, or transferringâis recorded with immutable accuracy. This not only streamlines property management but also provides robust protection against fraudulent activities.
High Value Items and luxury goods: OWNABLES can serve as a digital passport for each luxury product. By creating an OWNABLE for every luxury item that comes out of manufacturing, LTO Network can store immutable records of the item's provenance, including its creation date, unique serial number, and detailed specifications. Potential buyers can verify the authenticity of an item before purchase by checking its blockchain record. This significantly reduces the risk of counterfeiting and fraud, a common issue in the luxury goods market.
Commodities: Gold often serves as collateral or an investment asset. Using OWNABLES, each gold bar's ownership can be transferred digitally and instantaneously on the blockchain, enhancing market liquidity. This system reduces the need for physical movement of gold, lowering transaction costs and time. Additionally, it provides investors with a reliable method to verify their holdings and audit their asset history at any moment.
Conclusion
LTO Network is at the forefront of utilizing blockchain technology to secure and manage Real World Assets through innovative solutions such as blockchain anchoring and OWNABLES. By creating a tamper-proof, immutable record for each asset, LTO Network enhances transparency, builds trust, and streamlines operations across various sectors, including real estate, manufacturing, and logistics. The integration of OWNABLES not only secures detailed asset information but also facilitates efficient asset management and verification, making it invaluable for asset-intensive industries. This approach not only mitigates risks such as fraud and counterfeiting but also improves operational efficiency, positioning LTO Network as a pivotal player in the future of asset management and security.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
Unleashing the Power of OWNABLES
Unleashing the Power of OWNABLES: Transforming Industries with LTO Network
In today's digital age, the security and management of real-world assets (RWAs) have become paramount. LTO Network is at the forefront of this evolution, employing blockchain technology and our innovative OWNABLES to provide secure, tamper-proof records for RWAs. By leveraging blockchain anchoring and creating digital tokens for assets, LTO Network ensures unparalleled transparency and trust.
This technology is transformative for various industries, including real estate, supply chain management, manufacturing, and luxury goods, offering a robust solution for verifying ownership, enhancing operational efficiency, and mitigating risks such as fraud and counterfeiting.
Real Estate: Property Management and Transactions
The real estate sector, known for its complexity and susceptibility to fraud while being relatively illiquid, stands to gain significantly from the integration of OWNABLES. By creating digital tokens representing physical properties, LTO Network ensures that every transactionâwhether leasing, selling, or transferringâis recorded with immutable accuracy. This not only streamlines property management but also provides robust protection against fraudulent activities.
Fractional Ownership and Increased Liquidity
One of the groundbreaking applications of OWNABLES in real estate is the ability to fractionalize property ownership. This means a property can be divided into smaller, tradable units, allowing multiple investors to own a share of high-value assets. Fractional ownership enhances market liquidity by making real estate investments more accessible and flexible. Investors can buy, sell, or trade their shares on secondary markets, reducing the traditional barriers to entry associated with real estate investments. This democratization of real estate ownership can attract a broader range of investors, from individuals to institutional players, thereby increasing overall market activity.
Supply Chain Management: Enhancing Traceability and Authenticity
The supply chain industry is another sector where OWNABLES can drive substantial improvements. By integrating OWNABLES with blockchain anchoring, companies can track each component in their products throughout its lifecycle, from production to sale. This detailed tracking aids in managing product quality, safety, and effective warranty and recall operations.
Scantrust Partnership
LTO Network's partnership with Scantrust exemplifies the transformative potential of OWNABLES in supply chain management. Scantrust provides QR codes that can be scanned to verify the authenticity of a product. When combined with OWNABLES, each product component is logged as a unique digital token on the blockchain, providing stakeholders with detailed information about its origin, transport history, and delivery condition. This integration enhances transparency and trust, significantly boosting consumer confidence in product authenticity and traceability. For instance, a customer buying a luxury item can scan a QR code to instantly access the productâs blockchain record, verifying its authenticity and entire history from manufacturing to sale.
Manufacturing: Ensuring Quality and Safety
The manufacturing sector can also benefit immensely from the adoption of OWNABLES. Manufacturers can use OWNABLES to track each component in their products, ensuring detailed oversight from production to sale. This capability is crucial for managing product quality, conducting safety checks, and implementing effective warranty and recall operations.
Boosting Consumer Trust
By providing immutable records of each productâs provenance, including creation date, unique serial number, and detailed specifications, manufacturers can significantly reduce the risk of counterfeiting and fraud. This is especially valuable for high-value items and luxury goods, where the assurance of authenticity is paramount. For example, in the automotive industry, each vehicle component can be tracked, ensuring compliance with safety standards and facilitating efficient recall processes when necessary. This transparency not only enhances operational efficiency but also builds consumer trust and loyalty.
Luxury Goods: Protecting Against Counterfeiting
OWNABLES can serve as digital passports for luxury products, offering a robust solution to the prevalent issue of counterfeiting in the luxury goods market. Each luxury item can be assigned a unique OWNABLE, storing immutable records of the itemâs provenance, including its creation date, unique serial number, and detailed specifications.
Enhancing Market Confidence
Potential buyers can verify the authenticity of an item before purchase by checking its blockchain record. This significantly reduces the risk of counterfeiting and fraud, providing peace of mind to both buyers and sellers. For instance, a luxury watch manufacturer can create an OWNABLE for each timepiece, ensuring that every transaction involving the watch is recorded on the blockchain. This transparency and security can enhance the brand's reputation and increase consumer confidence in the market.
Commodities: Streamlining Transactions and Reducing Costs
The commodities market, particularly precious metals like gold, can also benefit from the integration of OWNABLES. Gold often serves as collateral or an investment asset. Using OWNABLES, each gold bar's ownership can be transferred digitally and instantaneously on the blockchain, enhancing market liquidity. This system reduces the need for the physical movement of gold, lowering transaction costs and time.
Reliable Verification and Auditing
Additionally, OWNABLES provide investors with a reliable method to verify their holdings and audit their asset history at any moment. This transparency and ease of verification can attract more investors to the commodities market, increasing overall market efficiency and activity.
Conclusion
LTO Network is at the forefront of utilizing blockchain technology to secure and manage RWAs through innovative solutions such as blockchain anchoring and OWNABLES. By creating a tamper-proof, immutable record for each asset, LTO Network enhances transparency, builds trust, and streamlines operations across various sectors, including real estate, supply chain management, manufacturing, and luxury goods.
The integration of OWNABLES not only secures detailed asset information but also facilitates efficient asset management and verification, making it invaluable for asset-intensive industries. This approach mitigates risks such as fraud and counterfeiting, improves operational efficiency, and positions LTO Network as a pivotal player in the future of RWAs.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
In today's digital age, the security and management of real-world assets (RWAs) have become paramount. LTO Network is at the forefront of this evolution, employing blockchain technology and our innovative OWNABLES to provide secure, tamper-proof records for RWAs. By leveraging blockchain anchoring and creating digital tokens for assets, LTO Network ensures unparalleled transparency and trust.
This technology is transformative for various industries, including real estate, supply chain management, manufacturing, and luxury goods, offering a robust solution for verifying ownership, enhancing operational efficiency, and mitigating risks such as fraud and counterfeiting.
Real Estate: Property Management and Transactions
The real estate sector, known for its complexity and susceptibility to fraud while being relatively illiquid, stands to gain significantly from the integration of OWNABLES. By creating digital tokens representing physical properties, LTO Network ensures that every transactionâwhether leasing, selling, or transferringâis recorded with immutable accuracy. This not only streamlines property management but also provides robust protection against fraudulent activities.
Fractional Ownership and Increased Liquidity
One of the groundbreaking applications of OWNABLES in real estate is the ability to fractionalize property ownership. This means a property can be divided into smaller, tradable units, allowing multiple investors to own a share of high-value assets. Fractional ownership enhances market liquidity by making real estate investments more accessible and flexible. Investors can buy, sell, or trade their shares on secondary markets, reducing the traditional barriers to entry associated with real estate investments. This democratization of real estate ownership can attract a broader range of investors, from individuals to institutional players, thereby increasing overall market activity.
Supply Chain Management: Enhancing Traceability and Authenticity
The supply chain industry is another sector where OWNABLES can drive substantial improvements. By integrating OWNABLES with blockchain anchoring, companies can track each component in their products throughout its lifecycle, from production to sale. This detailed tracking aids in managing product quality, safety, and effective warranty and recall operations.
Scantrust Partnership
LTO Network's partnership with Scantrust exemplifies the transformative potential of OWNABLES in supply chain management. Scantrust provides QR codes that can be scanned to verify the authenticity of a product. When combined with OWNABLES, each product component is logged as a unique digital token on the blockchain, providing stakeholders with detailed information about its origin, transport history, and delivery condition. This integration enhances transparency and trust, significantly boosting consumer confidence in product authenticity and traceability. For instance, a customer buying a luxury item can scan a QR code to instantly access the productâs blockchain record, verifying its authenticity and entire history from manufacturing to sale.
Manufacturing: Ensuring Quality and Safety
The manufacturing sector can also benefit immensely from the adoption of OWNABLES. Manufacturers can use OWNABLES to track each component in their products, ensuring detailed oversight from production to sale. This capability is crucial for managing product quality, conducting safety checks, and implementing effective warranty and recall operations.
Boosting Consumer Trust
By providing immutable records of each productâs provenance, including creation date, unique serial number, and detailed specifications, manufacturers can significantly reduce the risk of counterfeiting and fraud. This is especially valuable for high-value items and luxury goods, where the assurance of authenticity is paramount. For example, in the automotive industry, each vehicle component can be tracked, ensuring compliance with safety standards and facilitating efficient recall processes when necessary. This transparency not only enhances operational efficiency but also builds consumer trust and loyalty.
Luxury Goods: Protecting Against Counterfeiting
OWNABLES can serve as digital passports for luxury products, offering a robust solution to the prevalent issue of counterfeiting in the luxury goods market. Each luxury item can be assigned a unique OWNABLE, storing immutable records of the itemâs provenance, including its creation date, unique serial number, and detailed specifications.
Enhancing Market Confidence
Potential buyers can verify the authenticity of an item before purchase by checking its blockchain record. This significantly reduces the risk of counterfeiting and fraud, providing peace of mind to both buyers and sellers. For instance, a luxury watch manufacturer can create an OWNABLE for each timepiece, ensuring that every transaction involving the watch is recorded on the blockchain. This transparency and security can enhance the brand's reputation and increase consumer confidence in the market.
Commodities: Streamlining Transactions and Reducing Costs
The commodities market, particularly precious metals like gold, can also benefit from the integration of OWNABLES. Gold often serves as collateral or an investment asset. Using OWNABLES, each gold bar's ownership can be transferred digitally and instantaneously on the blockchain, enhancing market liquidity. This system reduces the need for the physical movement of gold, lowering transaction costs and time.
Reliable Verification and Auditing
Additionally, OWNABLES provide investors with a reliable method to verify their holdings and audit their asset history at any moment. This transparency and ease of verification can attract more investors to the commodities market, increasing overall market efficiency and activity.
Conclusion
LTO Network is at the forefront of utilizing blockchain technology to secure and manage RWAs through innovative solutions such as blockchain anchoring and OWNABLES. By creating a tamper-proof, immutable record for each asset, LTO Network enhances transparency, builds trust, and streamlines operations across various sectors, including real estate, supply chain management, manufacturing, and luxury goods.
The integration of OWNABLES not only secures detailed asset information but also facilitates efficient asset management and verification, making it invaluable for asset-intensive industries. This approach mitigates risks such as fraud and counterfeiting, improves operational efficiency, and positions LTO Network as a pivotal player in the future of RWAs.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
LTO Network - Q2 Recap, 2024
TABLE OF CONTENTS
1. Introduction
2. Q2 Operations
3. News & Events
4. New Team Members
5. Blogs
6. Technical Milestones
7. Closing Words
1. Introduction
During the second quarter of 2024, LTO Network solidified its position as a pioneer in blockchain solutions for Real World Assets (RWAs) through substantial developments, strategic partnerships, and progress across various key initiatives. Let's break down what exactly took place on and around our blockchain during those past few months.
2. Q2 Operations
What do operations entail?
Operations are essential data and records securely housed within our blockchain network. They are best described as grouped transactions that boost project efficiency and reduce costs. In Q2 2024, our clients carried out a total of 3,206,865 operations on the LTO Network blockchain, reflecting an increase of 168,763 operations compared to the previous quarter's 3,038,102.
3. News & Events
News
Partnership:
DWF Labs
LTO Network has announced a partnership with DWF Labs, a cutting-edge market maker and investment firm. This collaboration aims to integrate DWF Labs' advanced market-making solutions into LTO Networkâs platform, significantly enhancing its capabilities.
More: https://blog.ltonetwork.com/lto-dwf/
Partnership Update:
Revealing more Information about our Partnership with Scantrust
The collaboration between LTO Network and Scantrust goes beyond merely preventing counterfeiting. It offers a blueprint for the future of how businesses manage and verify high-value items.
Explore further details about this partnership in our recent blog post & đ thread.
Blog Post: https://blog.ltonetwork.com/scantrust-tech/
đ Thread: x.com/theltonetwork/status/1782803211101081727?s=46&t=psBtN2xtN0h2z8aPfa9blQ
Scantrust Node:
Our CEO, Rick Schmitz, engaged in discussions with the Scantrust team, and we are in the process of making their nodes publicly visible. As always, transparency is of paramount importance to us.
RWA-Focused AMA:
We conducted an AMA session in our Telegram channel focused on RWAs, with our CEO, Rick Schmitz. The discussion revolved around various topics, including new developments, progress, and our vision for the future of RWAs.
Below is a summary of the highlights and insights shared during this session. Reading is highly recommended as there might be information included youâve never heard before.
Recap: https://blog.ltonetwork.com/rwa-focused-ama-recap/
Binance RWA Category:
LTO Network has been included in the RWA projects category on Binance.
We're actively developing the worldâs most advanced RWA ecosystem on our blockchain network, and we're excited that the world is taking notice.
Exchanges News:
Bybit Exchange
Bybit has officially listed the $LTO/USDT Perpetual Contract.
Details: https://announcements.bybit.com/en/article/new-listing-ltousdt-perpetual-contract-blt084905073d5340f5/
MEXC Exchange
$LTO/USDT Futures trading is now available on MEXC Exchange.
Details: https://www.mexc.com/futures-activity/list-coins/245?time=2024/04/02&name=DEGEN
EVENTS
Blockchain Netherlands Foundation Event (BCNL)
On April 24th and 25th, our CEO, Rick Schmitz, attended the BCNL Foundation event held in London alongside prominent figures from the UK and Dutch Web3, blockchain, crypto, and digital assets realms. In line with our current focus, his discussion centered around RWAs on the LTO Network blockchain. The event gave us the opportunity to foster an insightful knowledge exchange and open up possible future collaborations among industry leaders.
Proof of Talk 2024
Pankuri, our new advisor, took center stage at Proof of Talk 2024 on June 11th at the Musée du Louvre in Paris, France. She discussed Real World Assets extensively and the future of decentralized ownership on the LTO Network. This was an awesome opportunity to expose our robust RWA technology to several industry leaders and the world.
Identity Week
Our latest front-end developer, Colin, participated in the Identity Week program alongside our partner, Blue Biometrics. Blue Biometrics is currently integrating our Proofi platform, and we are collaborating with them to deliver proof-of-humanity solutions aimed at combating bots in the Web3 space. This event provided an excellent opportunity to network with builders, developers and key stakeholders.
Blockchain Days
Pankhuri graced the main stage at the Dutch Blockchain Days event in Amsterdam on June 19th. She discussed the future of Real World Assets and decentralized ownership on the LTO Network blockchain. The event provided a fantastic opportunity to network with prominent figures and leaders in the blockchain industry.
4. New Team Members
Pankhuri - Advisor
Introducing Pankhuri, our latest advisor! With a distinguished career spanning high-tech roles at the UN and ISO, and as the founder of Blockom Consulting, she brings extensive experience to our team. Pankhuri's trajectory from JP Morgan's crypto division to becoming a celebrated global speaker highlights her leadership in the industry. We are excited to have her expertise steering us into the future.
Colin - Front-End Lead
We're excited to announce Colin as our new Front-End Lead. Colin has significantly accelerated our development efforts, leveraging his extensive experience in crafting web applications, including progressive web apps (PWAs). With the back-end development at LTO Network mostly finalized, Colin now directs his attention to user-centric products that perfectly align with our future vision. We eagerly anticipate the innovative direction he will lead us toward.
5. Blogs
How can LTO Network secure Real World Assets?
In this blog post, we explored how LTO Network's blockchain technology is revolutionizing asset management and security through secure and tamper-proof records for Real World Assets (RWAs).
Here: https://blog.ltonetwork.com/securing-rwas-blog/
6. Technical Milestones
Universal Wallet (iOS and Android App)
Our internal team's work on the Universal Wallet has now been handed over to our partner, Rocket Lab, who is responsible for developing the iOS and Android native versions.
We just received Rocket Labâs latest wallet iteration, and extensive testing is underway.
Rocket Lab has successfully integrated our updates to the Software Development Kit (SDK) and main asset system into the Universal Wallet.
Key enhancements include improved management of Ownables within the wallet. Users can now sort, search, categorize, and filter their Ownables, as well as create custom categories or collections.
We are also progressing with the integration of the new bridge and generator.
The Ownables main asset system is now finalized, featuring updates such as a standardized thumbnail system, improved keyword functionality, and other critical features to ensure a consistent user experience.
The setup and testing of the Relay Server are complete. This server now facilitates sending Ownables between wallets, handling transaction fees, managing transfers, and notifying the receiving wallet. It also assists with importing Ownables into collections and will be used by the Ownables Generator to send completed Ownables to the issuer.
We are currently working on adding the Transfer, Generator, and Bridge modules to the iOS and Android wallets.
Additionally, Hacken has begun a security audit of the wallet.
We have submitted the wallet to the app stores for review, though it has not yet been made public. This allows us to address any feedback or requirements from the publishers.
Ownables
Our Ownables technology is now live on the LTO Network Mainnet, and we've been enhancing our SDK with exciting new features that will soon be available to you. The forthcoming iOS and Android wallet will offer the same capabilities as our SDK wallet, including the ability to send and receive Ownables (Transfer), create basic Ownables (Generator), and access the Ownables to NFT bridge (Bridge).
We encountered a minor issue with the Ownables Bridge. The original setup from the previous developers didnât align with our vision of creating an open, user-friendly asset class on the LTO Network. As a result, we had to overhaul it. Fortunately, our current development team has made significant progress by redeveloping, reorganizing, and consolidating our smart contracts. Theyâve streamlined the system, reducing it from five smart contracts to just one.
Following thorough testing, we will update the user experience (UX) to integrate seamlessly with the revamped bridge.
Land Registration Software
Our Land Registration Software is currently in active pilot testing with one country.
We're in the final stages of negotiations with a second country, and a third country has recently shown interest.
Proofi
Proofi is undergoing updates to replace outdated EVM modules with the latest versions compatible with the newest EVM testnet.
Proofi is presently being integrated into Blue Biometrics' Identi.blue products and will play a significant role in our RWA ecosystem.
Additionally, we plan to integrate Proofi into our mobile wallet for version 1.5.
New LTO Network Dashboard
Introducing our new LTO Network Dashboard!
Explore:
Real-time data
Interactive charts
Detailed metrics & stats
Here: https://dashboard.lto.network
Development Update and Progress
Ownables Wallet Integration - Completed.
LTO RWAs Stage 1 - In progress.
Proofi Biometric Integration - In progress.
Land Registry Deployment - In progress.
7. Closing words
Looking forward, LTO Network remains steadfast in its commitment to innovation and excellence. As we continue to drive meaningful change across diverse sectors with our robust blockchain technology and strategic partnerships, we are excited about the future.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
1. Introduction
2. Q2 Operations
3. News & Events
4. New Team Members
5. Blogs
6. Technical Milestones
7. Closing Words
1. Introduction
During the second quarter of 2024, LTO Network solidified its position as a pioneer in blockchain solutions for Real World Assets (RWAs) through substantial developments, strategic partnerships, and progress across various key initiatives. Let's break down what exactly took place on and around our blockchain during those past few months.
2. Q2 Operations
What do operations entail?
Operations are essential data and records securely housed within our blockchain network. They are best described as grouped transactions that boost project efficiency and reduce costs. In Q2 2024, our clients carried out a total of 3,206,865 operations on the LTO Network blockchain, reflecting an increase of 168,763 operations compared to the previous quarter's 3,038,102.
3. News & Events
News
Partnership:
DWF Labs
LTO Network has announced a partnership with DWF Labs, a cutting-edge market maker and investment firm. This collaboration aims to integrate DWF Labs' advanced market-making solutions into LTO Networkâs platform, significantly enhancing its capabilities.
More: https://blog.ltonetwork.com/lto-dwf/
Partnership Update:
Revealing more Information about our Partnership with Scantrust
The collaboration between LTO Network and Scantrust goes beyond merely preventing counterfeiting. It offers a blueprint for the future of how businesses manage and verify high-value items.
Explore further details about this partnership in our recent blog post & đ thread.
Blog Post: https://blog.ltonetwork.com/scantrust-tech/
đ Thread: x.com/theltonetwork/status/1782803211101081727?s=46&t=psBtN2xtN0h2z8aPfa9blQ
Scantrust Node:
Our CEO, Rick Schmitz, engaged in discussions with the Scantrust team, and we are in the process of making their nodes publicly visible. As always, transparency is of paramount importance to us.
RWA-Focused AMA:
We conducted an AMA session in our Telegram channel focused on RWAs, with our CEO, Rick Schmitz. The discussion revolved around various topics, including new developments, progress, and our vision for the future of RWAs.
Below is a summary of the highlights and insights shared during this session. Reading is highly recommended as there might be information included youâve never heard before.
Recap: https://blog.ltonetwork.com/rwa-focused-ama-recap/
Binance RWA Category:
LTO Network has been included in the RWA projects category on Binance.
We're actively developing the worldâs most advanced RWA ecosystem on our blockchain network, and we're excited that the world is taking notice.
Exchanges News:
Bybit Exchange
Bybit has officially listed the $LTO/USDT Perpetual Contract.
Details: https://announcements.bybit.com/en/article/new-listing-ltousdt-perpetual-contract-blt084905073d5340f5/
MEXC Exchange
$LTO/USDT Futures trading is now available on MEXC Exchange.
Details: https://www.mexc.com/futures-activity/list-coins/245?time=2024/04/02&name=DEGEN
EVENTS
Blockchain Netherlands Foundation Event (BCNL)
On April 24th and 25th, our CEO, Rick Schmitz, attended the BCNL Foundation event held in London alongside prominent figures from the UK and Dutch Web3, blockchain, crypto, and digital assets realms. In line with our current focus, his discussion centered around RWAs on the LTO Network blockchain. The event gave us the opportunity to foster an insightful knowledge exchange and open up possible future collaborations among industry leaders.
Proof of Talk 2024
Pankuri, our new advisor, took center stage at Proof of Talk 2024 on June 11th at the Musée du Louvre in Paris, France. She discussed Real World Assets extensively and the future of decentralized ownership on the LTO Network. This was an awesome opportunity to expose our robust RWA technology to several industry leaders and the world.
Identity Week
Our latest front-end developer, Colin, participated in the Identity Week program alongside our partner, Blue Biometrics. Blue Biometrics is currently integrating our Proofi platform, and we are collaborating with them to deliver proof-of-humanity solutions aimed at combating bots in the Web3 space. This event provided an excellent opportunity to network with builders, developers and key stakeholders.
Blockchain Days
Pankhuri graced the main stage at the Dutch Blockchain Days event in Amsterdam on June 19th. She discussed the future of Real World Assets and decentralized ownership on the LTO Network blockchain. The event provided a fantastic opportunity to network with prominent figures and leaders in the blockchain industry.
4. New Team Members
Pankhuri - Advisor
Introducing Pankhuri, our latest advisor! With a distinguished career spanning high-tech roles at the UN and ISO, and as the founder of Blockom Consulting, she brings extensive experience to our team. Pankhuri's trajectory from JP Morgan's crypto division to becoming a celebrated global speaker highlights her leadership in the industry. We are excited to have her expertise steering us into the future.
Colin - Front-End Lead
We're excited to announce Colin as our new Front-End Lead. Colin has significantly accelerated our development efforts, leveraging his extensive experience in crafting web applications, including progressive web apps (PWAs). With the back-end development at LTO Network mostly finalized, Colin now directs his attention to user-centric products that perfectly align with our future vision. We eagerly anticipate the innovative direction he will lead us toward.
5. Blogs
How can LTO Network secure Real World Assets?
In this blog post, we explored how LTO Network's blockchain technology is revolutionizing asset management and security through secure and tamper-proof records for Real World Assets (RWAs).
Here: https://blog.ltonetwork.com/securing-rwas-blog/
6. Technical Milestones
Universal Wallet (iOS and Android App)
Our internal team's work on the Universal Wallet has now been handed over to our partner, Rocket Lab, who is responsible for developing the iOS and Android native versions.
We just received Rocket Labâs latest wallet iteration, and extensive testing is underway.
Rocket Lab has successfully integrated our updates to the Software Development Kit (SDK) and main asset system into the Universal Wallet.
Key enhancements include improved management of Ownables within the wallet. Users can now sort, search, categorize, and filter their Ownables, as well as create custom categories or collections.
We are also progressing with the integration of the new bridge and generator.
The Ownables main asset system is now finalized, featuring updates such as a standardized thumbnail system, improved keyword functionality, and other critical features to ensure a consistent user experience.
The setup and testing of the Relay Server are complete. This server now facilitates sending Ownables between wallets, handling transaction fees, managing transfers, and notifying the receiving wallet. It also assists with importing Ownables into collections and will be used by the Ownables Generator to send completed Ownables to the issuer.
We are currently working on adding the Transfer, Generator, and Bridge modules to the iOS and Android wallets.
Additionally, Hacken has begun a security audit of the wallet.
We have submitted the wallet to the app stores for review, though it has not yet been made public. This allows us to address any feedback or requirements from the publishers.
Ownables
Our Ownables technology is now live on the LTO Network Mainnet, and we've been enhancing our SDK with exciting new features that will soon be available to you. The forthcoming iOS and Android wallet will offer the same capabilities as our SDK wallet, including the ability to send and receive Ownables (Transfer), create basic Ownables (Generator), and access the Ownables to NFT bridge (Bridge).
We encountered a minor issue with the Ownables Bridge. The original setup from the previous developers didnât align with our vision of creating an open, user-friendly asset class on the LTO Network. As a result, we had to overhaul it. Fortunately, our current development team has made significant progress by redeveloping, reorganizing, and consolidating our smart contracts. Theyâve streamlined the system, reducing it from five smart contracts to just one.
Following thorough testing, we will update the user experience (UX) to integrate seamlessly with the revamped bridge.
Land Registration Software
Our Land Registration Software is currently in active pilot testing with one country.
We're in the final stages of negotiations with a second country, and a third country has recently shown interest.
Proofi
Proofi is undergoing updates to replace outdated EVM modules with the latest versions compatible with the newest EVM testnet.
Proofi is presently being integrated into Blue Biometrics' Identi.blue products and will play a significant role in our RWA ecosystem.
Additionally, we plan to integrate Proofi into our mobile wallet for version 1.5.
New LTO Network Dashboard
Introducing our new LTO Network Dashboard!
Explore:
Real-time data
Interactive charts
Detailed metrics & stats
Here: https://dashboard.lto.network
Development Update and Progress
Ownables Wallet Integration - Completed.
LTO RWAs Stage 1 - In progress.
Proofi Biometric Integration - In progress.
Land Registry Deployment - In progress.
7. Closing words
Looking forward, LTO Network remains steadfast in its commitment to innovation and excellence. As we continue to drive meaningful change across diverse sectors with our robust blockchain technology and strategic partnerships, we are excited about the future.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
OWNABLES: The Perfect Extension of Non-Fungible Tokens (NFTs)
Non-Fungible Tokens (NFTs) have taken the world by storm, attracting the interest of major brands like Burberry, Ubisoft, and the NBA. OpenSea, a leading NFT marketplace, has processed billions in trading volume, highlighting the explosive growth and immense potential of this technology.
NFTs are versatile, finding applications in diverse sectors such as supply chain management, event ticketing, collectibles, digital art, and real-world assets (RWAs). This technology, coupled with blockchain's immutable ledger, unlocks unprecedented opportunities. However, despite their promising features, NFTs come with limitations. One significant drawback is the inability to modify content after minting without burning and reminting the NFT. This process can be inconvenient and costly, especially in industries like GameFi, finance, and event ticketing.
Introducing OWNABLES: Setting a new standard for flexibility and usability, OWNABLES offer developers and users full customization capabilities. Instead of replacing NFTs, OWNABLES represent the next frontier, enhancing and extending the utility of existing NFT technology.
The Genesis of OWNABLES
LTO Network's journey to creating OWNABLES stemmed from a understanding of the limitations of traditional NFTs. Despite their widespread adoption and versatility, NFTs lacked the flexibility required for more complex applications. Key pain points included the inability to modify NFTs post-minting, challenges with implementing royalties, and difficulties managing consumables.
Addressing the Lack of Flexibility
Traditional NFTs, while powerful, are static by nature. Once minted, they cannot be altered, which poses significant challenges for industries requiring dynamic content. For instance, in the gaming industry, in-game items often need to evolve along with a player's progress. Similarly, in event ticketing, the ability to update ticket information post-purchase can be crucial. The necessity to burn and remint NFTs for any modification added unnecessary complexity and cost.
Our NFT2.0 Litepaper which introduced Ownables.
Introducing Royalties and Consumables
Another significant limitation was the management of royalties. While NFTs could theoretically include royalty mechanisms, implementing and enforcing these royalties across different platforms proved challenging. OWNABLES address this by integrating a robust and transparent royalty system, ensuring creators are fairly compensated whenever their assets are traded.
Consumables, or assets that can be used up or altered through their lifecycle, posed another challenge. For example, a virtual item in a game that could be upgraded or combined with other items needed a more flexible solution than what traditional NFTs could offer. OWNABLES were designed to accommodate these changes seamlessly, allowing for a more interactive and evolving user experience.
Twin Technology
Each time an OWNABLE is minted, a corresponding NFT is also created. This dual approach allows users to bridge their OWNABLES to any Ethereum Virtual Machine (EVM) compliant chain via a bridge utilizing a mint-burn mechanism. When an OWNABLE is bridged to another chain, both the OWNABLE and NFT are burned on the origin chain, and a new NFT is created on the destination chain. This system ensures access to unlimited liquidity, resolving the issue of fragmented liquidity across chains. OWNABLE holders can tap into major NFT marketplaces such as OpenSea, LooksRare, and Blur, ensuring broad accessibility and market reach.
Applications in the Gaming Industry
OWNABLES offer game developers unprecedented flexibility in modifying and adding features to in-game items. Developers can enhance and evolve in-game items along the user's journey without requiring the user to burn and remint the assets. This seamless modification capability not only enhances the user experience but also reduces potential attack vectors, making games more secure and user-friendly.
Real World Assets (RWAs)
OWNABLES simplify the process of acquiring and managing tokenized real estate. Users can buy shares of a property and easily add more shares without the need to burn and remint or manage multiple NFTs. Instead, a single OWNABLE can represent all shares of a tokenized property, reducing confusion and streamlining asset management. This capability extends to other RWAs, making OWNABLES a versatile tool for real-world asset tokenization.
Conclusion
LTO Network's creation of OWNABLES represents a significant leap forward in digital asset technology. By addressing the limitations of traditional NFTs, such as flexibility, royalties, and consumables, OWNABLES provide a more versatile and powerful solution. OWNABLES opens up new possibilities across various industries, ensuring that digital assets can be as dynamic and interactive as the applications they serve.
Through OWNABLES, LTO Network is not just extending the capabilities of NFTs but setting a new standard for what digital assets can achieve. Whether it's in gaming, real-world assets, or any other sector, OWNABLES offer a robust, flexible, and future-proof solution that empowers both developers and users.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
NFTs are versatile, finding applications in diverse sectors such as supply chain management, event ticketing, collectibles, digital art, and real-world assets (RWAs). This technology, coupled with blockchain's immutable ledger, unlocks unprecedented opportunities. However, despite their promising features, NFTs come with limitations. One significant drawback is the inability to modify content after minting without burning and reminting the NFT. This process can be inconvenient and costly, especially in industries like GameFi, finance, and event ticketing.
Introducing OWNABLES: Setting a new standard for flexibility and usability, OWNABLES offer developers and users full customization capabilities. Instead of replacing NFTs, OWNABLES represent the next frontier, enhancing and extending the utility of existing NFT technology.
The Genesis of OWNABLES
LTO Network's journey to creating OWNABLES stemmed from a understanding of the limitations of traditional NFTs. Despite their widespread adoption and versatility, NFTs lacked the flexibility required for more complex applications. Key pain points included the inability to modify NFTs post-minting, challenges with implementing royalties, and difficulties managing consumables.
Addressing the Lack of Flexibility
Traditional NFTs, while powerful, are static by nature. Once minted, they cannot be altered, which poses significant challenges for industries requiring dynamic content. For instance, in the gaming industry, in-game items often need to evolve along with a player's progress. Similarly, in event ticketing, the ability to update ticket information post-purchase can be crucial. The necessity to burn and remint NFTs for any modification added unnecessary complexity and cost.
Our NFT2.0 Litepaper which introduced Ownables.
Introducing Royalties and Consumables
Another significant limitation was the management of royalties. While NFTs could theoretically include royalty mechanisms, implementing and enforcing these royalties across different platforms proved challenging. OWNABLES address this by integrating a robust and transparent royalty system, ensuring creators are fairly compensated whenever their assets are traded.
Consumables, or assets that can be used up or altered through their lifecycle, posed another challenge. For example, a virtual item in a game that could be upgraded or combined with other items needed a more flexible solution than what traditional NFTs could offer. OWNABLES were designed to accommodate these changes seamlessly, allowing for a more interactive and evolving user experience.
Twin Technology
Each time an OWNABLE is minted, a corresponding NFT is also created. This dual approach allows users to bridge their OWNABLES to any Ethereum Virtual Machine (EVM) compliant chain via a bridge utilizing a mint-burn mechanism. When an OWNABLE is bridged to another chain, both the OWNABLE and NFT are burned on the origin chain, and a new NFT is created on the destination chain. This system ensures access to unlimited liquidity, resolving the issue of fragmented liquidity across chains. OWNABLE holders can tap into major NFT marketplaces such as OpenSea, LooksRare, and Blur, ensuring broad accessibility and market reach.
Applications in the Gaming Industry
OWNABLES offer game developers unprecedented flexibility in modifying and adding features to in-game items. Developers can enhance and evolve in-game items along the user's journey without requiring the user to burn and remint the assets. This seamless modification capability not only enhances the user experience but also reduces potential attack vectors, making games more secure and user-friendly.
Real World Assets (RWAs)
OWNABLES simplify the process of acquiring and managing tokenized real estate. Users can buy shares of a property and easily add more shares without the need to burn and remint or manage multiple NFTs. Instead, a single OWNABLE can represent all shares of a tokenized property, reducing confusion and streamlining asset management. This capability extends to other RWAs, making OWNABLES a versatile tool for real-world asset tokenization.
Conclusion
LTO Network's creation of OWNABLES represents a significant leap forward in digital asset technology. By addressing the limitations of traditional NFTs, such as flexibility, royalties, and consumables, OWNABLES provide a more versatile and powerful solution. OWNABLES opens up new possibilities across various industries, ensuring that digital assets can be as dynamic and interactive as the applications they serve.
Through OWNABLES, LTO Network is not just extending the capabilities of NFTs but setting a new standard for what digital assets can achieve. Whether it's in gaming, real-world assets, or any other sector, OWNABLES offer a robust, flexible, and future-proof solution that empowers both developers and users.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
LTO Network - May 2024 Recap
TABLE OF CONTENTS
1. Introduction
2. May 2024 Operations
3. New Team Members
4. Blogs
5. Technical Milestones
6. Closing Words
1. Introduction
Join us for the May 2024 recap of LTO Network! Let's take a look at the past month's pivotal moments, latest advancements, achievements, and progress within the LTO Network domain, with a heavy focus on our momentum regarding Real-World Assets and how we are continuing to expose the world to the capabilities of our Layer-1 blockchain network.
2. May 2024 Operations
ââWhat are operations?
Operations represent data and records securely housed within our blockchain network. Think of them as bundled transactions that enhance efficiency and aid projects in cost-saving endeavors.
In May 2024, our clients carried out 1,073,415 operations on the LTO Network blockchain.
3. New Team Members
Pankhuri - Advisor
Meet Pankhuri, our newest advisor! With an impressive track record in high-tech roles at the UN and ISO and as the founder of Blockom Consulting, she brings a wealth of experience to the table. Pankhuri's journey from JP Morgan's crypto division to becoming a globally renowned speaker showcases her leadership in the industry. We're thrilled to have her expertise guiding us forward.
Colin - Front-End Lead
We're thrilled to welcome Colin aboard as our new Front-End Lead. Colin has catapulted our development progress forward. With a rich background in crafting web applications, including progressive web apps (PWAs), Colin is poised to elevate our projects to new heights. Now that most of the back-end development at LTO Network has been completed, his focus is now on user-centric products that align perfectly with our vision going forward, and we're eager to see the innovative direction he'll drive us towards.
4. Blogs
How can LTO Network secure Real-World Assets?
In this blog, we covered how LTO Network's blockchain technology is transforming asset management and security by providing secure and tamper-proof records for Real-World Assets (RWAs).
https://blog.ltonetwork.com/securing-rwas-blog/
5. Technical Milestones
Ownables
Our Ownables technology is running on our Mainnet. We have been quietly updating our SDK with new features that will soon be introduced to you. All of the functionality inside the upcoming iOS and Android wallet will also be available in our SDK wallet. This includes sending and receiving Ownables (Transfer), creating basic Ownables (Generator), and accessing the Ownables to NFT bridge (Bridge).
Universal Wallet
We are currently adding the Transfer, Generator, and Bridge modules to the iOS and Android wallets. We have found a company we will use for our security Audit. In the meantime, we will submit the wallet to the app stores without making it public so we can see if the publishers require any changes from us.
Proofi
Proofi is being updated. It currently uses some old EVM modules and has to be made compatible with the newest EVM testnet. Once this is complete, we will make some announcements about its future through the marketing department.
Land Registration Software
Our Land Registration Software is currently undergoing active pilot testing with one country.
Negotiations with a second country are in their final phase, and a third country has recently approached us.
Development Update and Progress
Ownables Wallet Integration - Completed.
LTO RWAs Stage 1 - In progress.
Proofi Biometric Integration - In progress.
Land Registry Deployment - In progress.
6. Closing Words
Throughout May 2024, notable and measurable progress has been achieved across various fronts. The team has expanded, and significant advancements have been achieved with Proofi, Ownables, Universal Wallet, and our Land Registration Software. With all this, LTO Network has also come closer to its goal of revolutionizing the tokenization of Real-World Assets.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
1. Introduction
2. May 2024 Operations
3. New Team Members
4. Blogs
5. Technical Milestones
6. Closing Words
1. Introduction
Join us for the May 2024 recap of LTO Network! Let's take a look at the past month's pivotal moments, latest advancements, achievements, and progress within the LTO Network domain, with a heavy focus on our momentum regarding Real-World Assets and how we are continuing to expose the world to the capabilities of our Layer-1 blockchain network.
2. May 2024 Operations
ââWhat are operations?
Operations represent data and records securely housed within our blockchain network. Think of them as bundled transactions that enhance efficiency and aid projects in cost-saving endeavors.
In May 2024, our clients carried out 1,073,415 operations on the LTO Network blockchain.
3. New Team Members
Pankhuri - Advisor
Meet Pankhuri, our newest advisor! With an impressive track record in high-tech roles at the UN and ISO and as the founder of Blockom Consulting, she brings a wealth of experience to the table. Pankhuri's journey from JP Morgan's crypto division to becoming a globally renowned speaker showcases her leadership in the industry. We're thrilled to have her expertise guiding us forward.
Colin - Front-End Lead
We're thrilled to welcome Colin aboard as our new Front-End Lead. Colin has catapulted our development progress forward. With a rich background in crafting web applications, including progressive web apps (PWAs), Colin is poised to elevate our projects to new heights. Now that most of the back-end development at LTO Network has been completed, his focus is now on user-centric products that align perfectly with our vision going forward, and we're eager to see the innovative direction he'll drive us towards.
4. Blogs
How can LTO Network secure Real-World Assets?
In this blog, we covered how LTO Network's blockchain technology is transforming asset management and security by providing secure and tamper-proof records for Real-World Assets (RWAs).
https://blog.ltonetwork.com/securing-rwas-blog/
5. Technical Milestones
Ownables
Our Ownables technology is running on our Mainnet. We have been quietly updating our SDK with new features that will soon be introduced to you. All of the functionality inside the upcoming iOS and Android wallet will also be available in our SDK wallet. This includes sending and receiving Ownables (Transfer), creating basic Ownables (Generator), and accessing the Ownables to NFT bridge (Bridge).
Universal Wallet
We are currently adding the Transfer, Generator, and Bridge modules to the iOS and Android wallets. We have found a company we will use for our security Audit. In the meantime, we will submit the wallet to the app stores without making it public so we can see if the publishers require any changes from us.
Proofi
Proofi is being updated. It currently uses some old EVM modules and has to be made compatible with the newest EVM testnet. Once this is complete, we will make some announcements about its future through the marketing department.
Land Registration Software
Our Land Registration Software is currently undergoing active pilot testing with one country.
Negotiations with a second country are in their final phase, and a third country has recently approached us.
Development Update and Progress
Ownables Wallet Integration - Completed.
LTO RWAs Stage 1 - In progress.
Proofi Biometric Integration - In progress.
Land Registry Deployment - In progress.
6. Closing Words
Throughout May 2024, notable and measurable progress has been achieved across various fronts. The team has expanded, and significant advancements have been achieved with Proofi, Ownables, Universal Wallet, and our Land Registration Software. With all this, LTO Network has also come closer to its goal of revolutionizing the tokenization of Real-World Assets.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub |.
LTO Network and DWF Labs Collaborate to Drive RWA Tokenization and Market Expansion
RWA focused Layer-1 project, LTO Network have announced a partnership with DWF Labs, the new generation market maker and investment firm to bring DWF Labsâs innovative market making solutions to enhance LTO Networkâs capabilities.
This partnership will enhance LTO Networkâs liquidity and open further business cooperation between the two companies.
LTO Network sees DWF Labsâs involvement playing a pivotal role in their networkâs operations as they further expand with their much anticipated RWA and tokenization ecosystem. The extensive experience of DWF Labs will support LTO Network in offering increased token access through additional exchanges, creating additional value for the token through further partnerships and utilization of the network, especially in Asia.
Andrei Grachev, Managing Partner of DWF Labs, said: âLTO Network and their unique blockchain capabilities caught our attention and we are excited to stand side by side as a partner to see them take charge in one of the most exciting and rapidly growing sectors of the crypto world, RWAs. There are a number of regions which will be very receptive to what LTO is doing and we will work together to ensure these goals are mutually achieved.â
The two companies are set to take immediate steps for working together, with collateral provided by LTO Network to the DWF Labs team for the immediate engagement of their market making services.
âDWF Labs is one of the most prominent businesses in the Crypto space over the last 2 years and their expertise and support will help us realize our vision and goals to be the leading RWA focused Layer-1 blockchain.â said Rick Schmitz, CEO of LTO Network
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security and Identity Solutions.
The platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance.
This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws as well as offering proof of humanity services to protect Web3 and DeFi platforms from bots.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub | .
This partnership will enhance LTO Networkâs liquidity and open further business cooperation between the two companies.
LTO Network sees DWF Labsâs involvement playing a pivotal role in their networkâs operations as they further expand with their much anticipated RWA and tokenization ecosystem. The extensive experience of DWF Labs will support LTO Network in offering increased token access through additional exchanges, creating additional value for the token through further partnerships and utilization of the network, especially in Asia.
Andrei Grachev, Managing Partner of DWF Labs, said: âLTO Network and their unique blockchain capabilities caught our attention and we are excited to stand side by side as a partner to see them take charge in one of the most exciting and rapidly growing sectors of the crypto world, RWAs. There are a number of regions which will be very receptive to what LTO is doing and we will work together to ensure these goals are mutually achieved.â
The two companies are set to take immediate steps for working together, with collateral provided by LTO Network to the DWF Labs team for the immediate engagement of their market making services.
âDWF Labs is one of the most prominent businesses in the Crypto space over the last 2 years and their expertise and support will help us realize our vision and goals to be the leading RWA focused Layer-1 blockchain.â said Rick Schmitz, CEO of LTO Network
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security and Identity Solutions.
The platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance.
This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws as well as offering proof of humanity services to protect Web3 and DeFi platforms from bots.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub | .
How can LTO Network secure Real world Assets?
How can LTO Network secure Real world Assets?
In the rapidly evolving landscape of asset management and security, blockchain technology has emerged as a groundbreaking solution. Among the leaders in this technological revolution is LTO Network, which leverages blockchain anchoring and our OWNABLES platform to offer secure and tamper-proof records for real-world assets (RWAs). This method not only enhances transparency but also builds trust in sectors where the verification of ownership and transaction history is crucial, such as real estate, manufacturing, and logistics. Think of what we offer are not only the onboarding and tokenization of RWAs but we also a supply chain tracking technology embedded into the RWAs.
Blockchain Anchoring and the Integration of OWNABLES
Blockchain anchoring involves recording data from external sources onto our blockchain, creating a timestamped and immutable record. This ensures that each assetâs data is verifiable and unalterable.
Additionally, we are pioneering the use of OWNABLES, a new kind of digital asset that represent RWAs. Each OWNABLE is a unique digital token with a decentralized identifier (DID) that links to detailed metadata about the asset. This metadata includes vital information such as ownership history, physical characteristics, and legal status, all securely anchored to our blockchain. By combining blockchain anchoring with OWNABLES, we create a dual layer of security. This not only solidifies the integrity of the asset's data but also enhances users' ability to interact with and manage their assets seamlessly in a digital environment.
The Importance of Immutable Proof of Ownership and Transaction History
In asset-intensive sectors, the ability to demonstrate clear and indisputable ownership is essential. With blockchain anchoring and OWNABLES, LTO Network provides immutable proof of ownership and a comprehensive transaction history for each asset. This is critical for ensuring legal compliance, maintaining transparency, and building trust in markets such as real estate, where proof of ownership is fundamental to any transaction.
Enhancing Operations in Manufacturing and Logistics
The integration of OWNABLES with blockchain anchoring can significantly optimize operations across various sectors:
Manufacturing: Manufacturers can utilize OWNABLES to track each component in their products throughout its lifecycle, from production to sale. This detailed tracking aids in managing product quality and safety and in conducting effective warranty and recall operations. An example is our partnership with Scantrust, we enhance capabilities for ensuring and demonstrating product authenticity and traceability, thereby boosting consumer trust and satisfaction.
Logistics: OWNABLES also transform logistics by enabling the precise tracking of shipments. Each shipment, logged as an Ownable on our blockchain, provides stakeholders with detailed information about its origin, transport history, and delivery condition. This unprecedented level of detail significantly enhances the efficiency and reliability of shipping operations.
Practical Applications
Real Estate: We enable the creation of OWNABLES for properties, ensuring that every transactionâwhether leasing, selling, or transferringâis recorded with immutable accuracy. This not only streamlines property management but also provides robust protection against fraudulent activities.
High Value Items and luxury goods: OWNABLES can serve as a digital passport for each luxury product. By creating an OWNABLE for every luxury itemthat comes out of manufacturing, LTO Network can store immutable records of the the items provenance, including its creation date, unique serial number, and detailed specifications. Potential buyers can verify the authenticity of an item before purchase by checking its blockchain record. This significantly reduces the risk of counterfeiting and fraud, a common issue in the luxury goods market.
Commodities: Gold often serves as collateral or an investment asset. Using OWNABLES, each gold bar's ownership can be transferred digitally and instantaneously on the blockchain, enhancing market liquidity. This system reduces the need for physical movement of gold, lowering transaction costs and time. Additionally, it provides investors with a reliable method to verify their holdings and audit their asset history at any moment.
LTO Network is at the forefront of utilizing blockchain technology to secure and manage RWAs through innovative solutions such as blockchain anchoring and OWNABLES. By creating a tamper-proof, immutable record for each asset, LTO Network enhances transparency, builds trust, and streamlines operations across various sectors, including real estate, manufacturing, and logistics. The integration of OWNABLES not only secures detailed asset information but also facilitates efficient asset management and verification, making it invaluable for asset-intensive industries. This approach not only mitigates risks such as fraud and counterfeiting but also improves operational efficiency, positioning LTO Network as a pivotal player in the future of asset management and security.
About LTO Network:
LTO Network is a Layer 1 blockchain built for real-world assets (RWAs).
We bridge the gap between the real world and digital ownership and allow for the large-scale onboarding of RWAs on-chain using our robust suite of in-house technologies that tie in real-world elements.
Our technologies have been used worldwide by businesses, governments, institutions like the UN, the Dutch government, and more.
With a team made of industry leaders with backgrounds from leading financial and legal companies in key industries related to RWAs, we have developed an ecosystem for the mass-scale adoption of RWAs.
ltonetwork.com
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub | .
In the rapidly evolving landscape of asset management and security, blockchain technology has emerged as a groundbreaking solution. Among the leaders in this technological revolution is LTO Network, which leverages blockchain anchoring and our OWNABLES platform to offer secure and tamper-proof records for real-world assets (RWAs). This method not only enhances transparency but also builds trust in sectors where the verification of ownership and transaction history is crucial, such as real estate, manufacturing, and logistics. Think of what we offer are not only the onboarding and tokenization of RWAs but we also a supply chain tracking technology embedded into the RWAs.
Blockchain Anchoring and the Integration of OWNABLES
Blockchain anchoring involves recording data from external sources onto our blockchain, creating a timestamped and immutable record. This ensures that each assetâs data is verifiable and unalterable.
Additionally, we are pioneering the use of OWNABLES, a new kind of digital asset that represent RWAs. Each OWNABLE is a unique digital token with a decentralized identifier (DID) that links to detailed metadata about the asset. This metadata includes vital information such as ownership history, physical characteristics, and legal status, all securely anchored to our blockchain. By combining blockchain anchoring with OWNABLES, we create a dual layer of security. This not only solidifies the integrity of the asset's data but also enhances users' ability to interact with and manage their assets seamlessly in a digital environment.
The Importance of Immutable Proof of Ownership and Transaction History
In asset-intensive sectors, the ability to demonstrate clear and indisputable ownership is essential. With blockchain anchoring and OWNABLES, LTO Network provides immutable proof of ownership and a comprehensive transaction history for each asset. This is critical for ensuring legal compliance, maintaining transparency, and building trust in markets such as real estate, where proof of ownership is fundamental to any transaction.
Enhancing Operations in Manufacturing and Logistics
The integration of OWNABLES with blockchain anchoring can significantly optimize operations across various sectors:
Manufacturing: Manufacturers can utilize OWNABLES to track each component in their products throughout its lifecycle, from production to sale. This detailed tracking aids in managing product quality and safety and in conducting effective warranty and recall operations. An example is our partnership with Scantrust, we enhance capabilities for ensuring and demonstrating product authenticity and traceability, thereby boosting consumer trust and satisfaction.
Logistics: OWNABLES also transform logistics by enabling the precise tracking of shipments. Each shipment, logged as an Ownable on our blockchain, provides stakeholders with detailed information about its origin, transport history, and delivery condition. This unprecedented level of detail significantly enhances the efficiency and reliability of shipping operations.
Practical Applications
Real Estate: We enable the creation of OWNABLES for properties, ensuring that every transactionâwhether leasing, selling, or transferringâis recorded with immutable accuracy. This not only streamlines property management but also provides robust protection against fraudulent activities.
High Value Items and luxury goods: OWNABLES can serve as a digital passport for each luxury product. By creating an OWNABLE for every luxury itemthat comes out of manufacturing, LTO Network can store immutable records of the the items provenance, including its creation date, unique serial number, and detailed specifications. Potential buyers can verify the authenticity of an item before purchase by checking its blockchain record. This significantly reduces the risk of counterfeiting and fraud, a common issue in the luxury goods market.
Commodities: Gold often serves as collateral or an investment asset. Using OWNABLES, each gold bar's ownership can be transferred digitally and instantaneously on the blockchain, enhancing market liquidity. This system reduces the need for physical movement of gold, lowering transaction costs and time. Additionally, it provides investors with a reliable method to verify their holdings and audit their asset history at any moment.
LTO Network is at the forefront of utilizing blockchain technology to secure and manage RWAs through innovative solutions such as blockchain anchoring and OWNABLES. By creating a tamper-proof, immutable record for each asset, LTO Network enhances transparency, builds trust, and streamlines operations across various sectors, including real estate, manufacturing, and logistics. The integration of OWNABLES not only secures detailed asset information but also facilitates efficient asset management and verification, making it invaluable for asset-intensive industries. This approach not only mitigates risks such as fraud and counterfeiting but also improves operational efficiency, positioning LTO Network as a pivotal player in the future of asset management and security.
About LTO Network:
LTO Network is a Layer 1 blockchain built for real-world assets (RWAs).
We bridge the gap between the real world and digital ownership and allow for the large-scale onboarding of RWAs on-chain using our robust suite of in-house technologies that tie in real-world elements.
Our technologies have been used worldwide by businesses, governments, institutions like the UN, the Dutch government, and more.
With a team made of industry leaders with backgrounds from leading financial and legal companies in key industries related to RWAs, we have developed an ecosystem for the mass-scale adoption of RWAs.
ltonetwork.com
Stay up-to-date with LTO Network - X | Ownables Discord | Telegram | Reddit | YouTube | Facebook | Instagram | LinkedIn | GitHub | .
âĄïž LTO Network Stats Report Week ending Friday 3rd May. Network Activity - 230,862 Operations Nodes - 96 Mainnet Uptime - 1934 Days Amount Staked - 157,770,142 $LTO #cryptocurrency
The @BCNLfoundation special trade mission to London was a smashing success. đłđ±đŹđ§đ Our CEO @realrickschmitz joined fellow Dutch blockchain industry leaders with the goal of connecting ecosystems between the Netherlands and UK.
âĄïž LTO Network Stats Report Week ending Friday 26th April. Network Activity - 222,206 Operations Nodes - 95 Mainnet Uptime - 1927 Days Amount Staked - 157,319,110 $LTO #cryptocurrency
đ§”(1/5) LTO Network is excited to reveal more information regarding our partnership with @ScanTrust, a leader in anti-counterfeiting solutions. đâïž Our joint efforts focus on enhancing product authenticity using blockchain and QR technology. đ”đ»
đđ»(2/5) For industries plagued by counterfeit goods, our technology sets a new standard. We're redefining supply chain integrity, making sure trust is built into every product from the start đ
đđ»(2/5) For industries plagued by counterfeit goods, our technology sets a new standard. We're redefining supply chain integrity, making sure trust is built into every product from the start đ
âĄïž LTO Network Stats Report Week ending Friday 19th April. Network Activity - 228,663 Operations Nodes - 91 Mainnet Uptime - 1920 Days Amount Staked - 155,560,875 $LTO #cryptocurrency
LTO Network Q1 2024 Recap đšâđ We're looking back at three months filled with technical advancements and an increase in overall engagement as LTO Network is getting closer to the release of the world's most advanced RWA ecosystem. đȘ Recap: https://t.co/J1LQFqMbiT $LTO
âĄïž LTO Network Stats Report Week ending Friday 12th April. Network Activity - 274,120 Operations Nodes - 94 Mainnet Uptime - 1913 Days Amount Staked - 156,260,518 $LTO #cryptocurrency
đ Our RWA ecosystem is powered by these upcoming technologies. âïžđ âĄïž Universal Wallet - Hold, manage & trade your RWAs using iOS/Android/Web. âĄïž Proofi - KYC wallets for RWA authenticity and MiCA compliance. âĄïž OWNABLES - True decentralized ownership...on-chain! $LTO
âĄïž LTO Network Stats Report Week ending Friday 5th April. Network Activity - 260,738 Operations Nodes - 90 Mainnet Uptime - 1906 Days Amount Staked - 158,420,049 $LTO #cryptocurrency
đą Announcement: @Bybit_Official has officially listed the LTOUSDT Perpetual Contract. $LTO đ« More details: https://t.co/ax2Szwcu3L
âĄïž LTO Network Stats Report Week ending Friday 29th March. Network Activity - 284,707 Operations Nodes - 92 Mainnet Uptime - 1899 Days Amount Staked - 154,759,488 $LTO #cryptocurrency
$LTO Network âïžđ Our network is the leading privacy friendly chain in Europe. â
Our RWA platform will revolutionize the financial industry. â
We are live, we are active. â
We are MiCA and GDPR compliant. â
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