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German Startup sets the New Enterprise Blockchain Standard. by hatu

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· @hatu · (edited)
$241.57
German Startup sets the New Enterprise Blockchain Standard.
<center>https://cdn.steemitimages.com/DQmdb4w9KfumpPdrrUfGzUSZvXDZWxC9oAK93zmPAtEncXk/image.png</center>

In 2018, the blockchain space’s major **focus was on scalability.** New protocols ushered a new era of blockchain technology as startups claimed that they have the technology to deliver blockchains that can sustain a **throughput of thousands of transactions per second.** Some of these developments even **tackled the problem** of massive energy consumption that is demanded by the Bitcoin network. 

Until now, few projects stood up to their promise, **blockchain technology has still not penetrated the masses;** blockchain technology has **still not witnessed adoption by enterprises.** Now, in 2019, ICOs have dried out but a few that remain are primarily for developments that aim to target adoption, particularly enterprise adoption.

<div class="pull-right"><a href="http://bit.ly/steemION" target="_new"><img alt="" border="0" src="https://steemitimages.com/200x200/https://www.lition.io/wp-content/uploads/2018/07/Lition_icon_secondary-01_freigestellt2.png"/></a>
</div>

**Scalability is just one root of the problem** that hinders wider adoption of this cutting-edge technology. A key principle of a public blockchain, the ability to deliver utmost transparency by making all transactions and data that flow through it open to the public, make it, at times, undesirable. 

Both **individuals and companies do not want every bit of their data disclosed on a public network.** Every individual and every company possesses sensitive information which cannot be placed on an open network. 

However, **private blockchains are not the solution either.** The recent failure of the co-developed blockchain project by Maersk and IBM is a testament to this. 

For a blockchain to be utilized as a product, some aspects must be open to the public. Particularly, **transactions and interactions that are part of an interoperable operation,** which is a key functionality open networks can facilitate, must not be held privately by any single entity. Thus, to truly **deliver a blockchain for enterprise use,** it must deliver **scalability, a robust network that does not demand enough energy to power a country, and a first-ever mechanism to handle both public and private chains.** 

A new blockchain project, **[Lition,](http://bit.ly/steemION)** manages to deliver the above factors in addition to a **major aspect that people would never associate with blockchains: mutability.** 


<center><h1>Blockchains for Enterprises: Privacy and Deletion</h1></center>
Many whitepapers have touted the benefits of the immutable public ledger technology; now, **Lition pitches the benefits of a mutable ledger.** 

<div class="pull-right"><a href="http://bit.ly/steemION" target="_new"><img alt="" border="0" src="https://steemitimages.com/200x200/https://cdn.steemitimages.com/DQmeotNg4K6XTxfpfzpfgB1GjtSr1o67qFJbCeNFVSgw3EQ/image.png"/></a></div>

While a public network should justifiably have **immutability to ensure no corruption takes place,** an enterprise or user **must often delete certain information.** Thus, while blockchain technology can empower decentralized peer-to-peer networks, its **inability to provide privacy makes it unappealing and in cases illegal (considering GDPR)** to the masses. 

This makes it **incompatible with the legal compliance efforts** exerted by enterprises. Therefore, [Lition](http://bit.ly/steemION) has developed a new blockchain architecture that allows any enterprise to benefit from the **benefits of any public chain while incorporating private sidechains** for matters of proprietary data or sensitive user information. 

<center><a href="https://www.coincurb.com/news/" target="_new"><img alt="" border="0" src="https://steemitimages.com/450x450/https://cdn.steemitimages.com/DQmcF7Jxf1gdX7NFUrNZzSkJbnKGCRKgrQKjZFEoMJoNNpd/image.png"/></a></center>

# Layered Atop a Blockchain
Lition is developing a technology that can be **layered atop a public chain;** the company has chosen to layer atop Ethereum due to the network’s fast-approaching updates that will enable it to **cut down on energy consumption** while still maintaining a robust and secure public chain. This will allow enterprises to benefit from the benefits Ethereum provides.

The difference, however, is that **Lition’s own protocol will allow DApps to be indirectly connected to the Ethereum blockchain.** Essentially, enterprises will be able to build there **DApps upon Lition’s protocol** which will allow them to develop private sidechains. Thus, operations that can be made public without damaging legal compliance efforts or risking sensitive data will be directly on the Ethereum public chain. However, **sensitive information will be carried on the private sidechains.** 

<center>
<a href="http://bit.ly/steemION" target="_new"><img alt="" border="0" src="https://www.lition.io/wp-content/uploads/2019/02/pyramid-1.png"/></a>
*A novel blockchain infrastructure, suited for enterprise utility.*</center>

As certain enterprises will develop applications that may need massive amounts of throughput, which Ethereum may not be able to handle, new sidechains could be sprouted to ensure there’s sufficient support for growing transactional demands. **This trait allows [Lition](http://bit.ly/steemION) to virtually allow an infinite scalability.** Moreover, as private sidechains are under the control of an enterprise, **data stored within them can be deleted.** This is a first for any blockchain protocol, but it ensures Lition can meet the needs of corporate clients. 

<center><a href="https://www.coincurb.com/news/" target="_new"><img alt="" border="0" src="https://steemitimages.com/450x450/https://cdn.steemitimages.com/DQmcF7Jxf1gdX7NFUrNZzSkJbnKGCRKgrQKjZFEoMJoNNpd/image.png"/></a></center>

 # A Strong Network
**Lition is pushing its development with the support of SAP,** one of the largest enterprise software providers in the world. SAP’s has an established clientele that constantly consume novel and innovative software solutions; this partnership can provide Lition with the network needed to grasp an immediately reachable user base, **a competitive advantage most startups lack.** 

<div class="pull-right"><a href="http://bit.ly/steemION" target="_new"><img alt="" border="0" src="https://steemitimages.com/200x200/https://www.onlygfx.com/wp-content/uploads/2016/08/flag-of-germany.png"/></a></div>

Moreover, while many **blockchain developments have intentionally dodged regulations** in the name of uplifting decentralized markets, it has now become clear that regulatory bodies can limit the reach and success of any project. Thus, **Lition has decided to work directly with the German government** in order to deliver solutions that the regulatory bodies can nod along. This gives Lition’s clients the surety that the software they receive from Lition will be approved by government bodies. 

Moreover, Lition’s fresh approach of working with the government has earned the project an unexpected benefit. As the ICO market is cooling down, **the potential rise of STOs is on the horizon.** Security tokens, however, come under the belt of every country’s financial watchdogs and thus will be littered with red tape. Naturally, there’s no market leader in the STO space as the proper regulatory measures that clarify the proceeding of an STO are not in place. Thus, **Lition’s close work with the German government gives it the valuable opportunity to be the first regulated STO platform.** 

<center><a href="https://www.coincurb.com/news/" target="_new"><img alt="" border="0" src="https://steemitimages.com/450x450/https://cdn.steemitimages.com/DQmcF7Jxf1gdX7NFUrNZzSkJbnKGCRKgrQKjZFEoMJoNNpd/image.png"/></a></center>

# Readily Available Solutions
While existing blockchains have left the development process for other developers, **Lition has displayed the utility of its protocol by launching an application that is fully operational, with customersin over 30 cities.** 

The **Lition Energy Exchange** is a functioning platform that enables peer-to-peer trade of clean energy. Due to Lition’s ability to comply with government regulations while delivering rapid transaction fulfillment, the exchange is supporting direct trade (P2P) of energy in Germany. In fact, Lition’s utilization of the blockchain has enabled it to **undercut the service costs of all outstanding competitors.** Cost cutting is a value additive that is genuinely desirable by enterprises and Lition’s Energy Exchange displays the potential the protocol can deliver. 

<center><a href="http://bit.ly/steemION" target="_new"><img alt="" border="0" src="https://bitcoin.com.au/wp-content/uploads/2018/11/lition-p2p-exchange.jpg"/></a>
*Lition Energy Exchange is live.*</center>


Beyond the energy sector, [Lition](http://bit.ly/steemION) has plans to penetrate various markets, for instance a dApp for syndicated loans as its protocol holds enterprise solutions that can add value in various markets such as banking 

Lition’s work with the German government on establishing regulations on STOs ensures the platform can **disrupt the financial sector** by potentially becoming a launchpad for security tokens. The success of such a platform would democratize access to assets by ensuring divisible tokens, which are backed by real assets, can be purchased by anyone across the globe, as long as the source of their wealth is legal. The **Lition Energy Exchange has already proven Lition’s ability to serve as a robust trading platform** and thus an extension towards STOs is easily within the protocol’s ability. 

<center><a href="https://www.coincurb.com/news/" target="_new"><img alt="" border="0" src="https://steemitimages.com/450x450/https://cdn.steemitimages.com/DQmcF7Jxf1gdX7NFUrNZzSkJbnKGCRKgrQKjZFEoMJoNNpd/image.png"/></a></center>

# A New Blockchain Standard
Lition plans to deliver solutions across a number of industries including **energy, finance, media, logistics, and even travel.** These are markets that DApps and existing protocols have actively targeted but failed to capture. The key barriers have either been **lack of scalability, expensive transactions, and mutability.** 

[Lition](http://bit.ly/steemION) is now delivering a protocol that can function atop a public network while allowing enterprises to extend their **own private sidechains.** Thus, any entity can benefit from **the openness of a public network while still being able to store sensitive information** on a private chain. At the same time, the scalability benefits the private chains deliver ensure DApps can sustain demand at individual transaction, which will be completed within **3 seconds, at a cost of just 1 cent.** 

<h3>This is the new blockchain standard for enterprise solutions.</h3>

<br>


<center><h1>Essential Links</h1></center>
Website: https://www.lition.io/
Whitepaper: http://lition.io/docs/Lition_Whitepaper.pdf
Telegram: https://t.me/LitionEnergy
Twitter: https://twitter.com/lition_block


https://steemitimages.com/0x0/http://www.pngmart.com/files/3/Horizontal-Line-PNG-Photos.png


**Connect with me:**

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[Crypto News](www.coincurb.com) [Crypto Airdrops](www.coincurb..com) [ICO List](www.coincurb..com) [Blockchain Lawyers](https://lawyersofdubai.ae/)

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<br>
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@abrish ·
what a wonderful …? you know innovation brings solution, it changes gears. New way ahead
👍  
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@adenijiadeshina ·
$0.05
This is interesting to read about
👍  
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@africka ·
Amazing

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@alemi ·
Interesting, wait for this.
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@alfaro ·
$0.05
This post is very interesting and draws much attention to read everything great go ahead
👍  
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@altobot ·
Hey, Du wurdest von @altobot gevotet!

👍  
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@anshul1 ·
$0.07
Blockchains will be more trusted when the government of all countries accept it as a general way of exchange.

Like in India, government does not support cryptocurrency. 

I hope in future all the things will be fine.
👍  
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@hatu ·
Just a matter of time till the tide turns.
👍  
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@sohailzis ·
The reason why Government don't support crypto currency is they don't have control over it.
It's a peer to peer transaction so no middle man. I normal case even if the fund is transferred by mistakenly then bank can reverse the transaction but in crypto currency once the transaction is done by mistakenly we cannot reverse it. The only way to get the money back is the person who received the money should be willing to give it back.
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@arafathsunny ·
Hi , hatu your update is very halpful , i just love your update  , and also interesting  , best of luck with your future  post
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@arcange ·
Congratulations @hatu!
Your post was mentioned in the [Steem Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20190305) in the following category:

* Pending payout - Ranked 2 with $ 194,36
👎  
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@article.colector ·
its full with huge of informations  
nice article
👍  
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@ayimulyadi ·
Good article, upvoted!
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@bitcoincompany ·
$0.19
nice from steem
👍  
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vote details (1)
@cardboard · (edited)
Hi @hatu just a question about @tipU. Would it be useful for you to send the link in memo and add hide at the end to not add the @tipu comment?

You can also deposit the upvote amount to @tipu and than use command "tipuvote for 35 sbd hide" (with ! at the start) - @tipu will upvote the post but will not leave any comment :)
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@hatu ·
Yes, that would be great! 
As always, thank you for the proactiveness. :)
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@cnremin ·
very interesting
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@cryptoeera ·
$0.38
Will be interesting to see if the new standard is going to find appeal in peoples' minds.
👍  , , , , , , ,
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vote details (8)
@cjdj123 ·
FACTSOOO
properties (22)
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@hatu ·
It's making good progress in terms of enterprise clients.
👍  ,
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vote details (2)
@rizals ·
Do you want to earn FREE 0.2 BTC NOW? Do you also want to earn FREE 0.005 BTC per referral? Join NOW! bitza.io/?r=499121
👎  
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vote details (1)
@felix.herrmann ·
trending on #deutsch but no German comment lol
properties (22)
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@guysellars ·
$0.24
[@hatu](https://steemit.com/@hatu), you have an incredible amount of information in this post.  First, thank you for clarifying some of the issues facing the blockchain space.  From the failure of many ICOs to deliver to the lack of mainstream adoption.  We seemed to have lost track of the core reasons we rushed to blockchain technology in the first place. 

And, let's be clear, blockchain is not the end all answer.  In some use cases, a centralized environment just works better and makes more sense.  Too many seem to be forget that while blockchain technology is growing and patents by major corporations are acquired, it shines in very specific cases.  It will not cure all the ills of the world.

Also, I think we need to remember that major corporations are now entering the crypto space.  And, this will forever change the landscape.  Not to say that it is good or bad, it is just what it is. 

As for Lition, this sounds like an interesting project.  While I intend to research, at the onset it seems to have or be striving for some of the qualities that EOS is targeting, another progressive blockchain with big bucks behind it.  

Thank you for the very informative post.
👍  , , , ,
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vote details (5)
@godspower3770 ·
It makes sense
properties (22)
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@hatu ·
Good point on blockchain not being the end-all solution. However, Lition's delivering a new type of blockchain that has a good bit of agility in terms of applicational demand. 

Definitely, other technologies would have to be twined with it to deliver core solutions. Note that it can layer atop existing chains.
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@inspiration-life ·
$0.02
But I see in tribunnews.com Indonesia's local news that bitcoin become low... How to make it strong? More investors need the best future
👍  
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vote details (1)
@hatu ·
I cannot speculate on Bitcoin price, but the blockchain space has seen considerable growth recently.
👍  
properties (23)
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vote details (1)
@zainazhar · (edited)
Sir l am following you and please follow me back and we will help of each other
👎  
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vote details (1)
@iura997 ·
Really interesting, keep us up to date!
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@jeannedarcfgo ·
Very nice!!!!!
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@klenthurston ·
$0.06
Ahh Germany where various innovations are born and now they try to improvise blockchain technology, I hope this will be good.  Anyway 
very informative article, Followed!!
👍  
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vote details (1)
@hatu ·
Not improvised. 
The development is well-thought out as it specificalltly targets the weakest links of blockchain technology.
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@kyleharuna ·
Very nice article, I learned some new things after reading it. Keep writing informative articles !!
👍  
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vote details (1)
@lamvu1436 ·
From a business perspective, it can be called an accounting ledger, or a database containing assets, or a data structure, which is used to record asset history between network members. in the same level.

From a technical perspective it is a constant method to store the history of asset transactions.
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@makfeo ·
$0.06
Thanks for sharing this. We have plenty of information about US-based start-ups, including blockchain projects. 

But European Union also has a fair share of innovations that go under radar until they grow big and start competing globally. 

It is nice to catch their development before they become household names.
👍  
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vote details (1)
@hatu ·
More than that: Lition's cooperating with the regulatory body. Thus, it could become a pioneer of GDPR compliance through blockchain solutions.
👍  
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@mce ·
nice .. i like your content.. keep it up buddy
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@miketr ·
Please make only Post at #deutsch in german!
Thanks! from the german Community!
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@millaayunda ·
Interesting information ...@hatu
👍  , ,
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@msowner2 ·
Congratulation you win the "Make it rain" upvote round ! because you deserve it ! keep posting and Steem on ! 

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@omrfrq18 ·
Thanks for this interesting article.
👍  
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@oresteg ·
Todo un mundo, el ecosistema Steem, cada día se aprende mas, y me quedo, porque aquí hay mucha información que estudiar.
👍  
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@ripa ·
This post has been received 50% upvote from @ripa
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@roven ·
What kind

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@sana3030 ·
the review is interesting and attractive! keep up the good work!
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@septiardi ·
This is amazing dude! Go a head . I will follow you!
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@sohailzis ·
Nice Information... Thank you a great one. 100 Likes from my side.
👍  ,
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@tayabyrklm ·
I would like to see all your posts because your post is very important and I know a lot about it, thank you for posting.
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@tramelibre ·
$0.05
holla @hatu. Excellent article, covers a lot of information, and efficiently. Thank you very much for your hard work and complete publications.
<p>
With regard to the massive adoption of blockchain technology by companies, this will create new needs and new uses, making technology evolve.
<p>
Much to see, in the changes of these technologies, in their contributions and ways of use.
<p>
efficient day of work!
👍  ,
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vote details (2)
@hatu ·
Enterprise adoption is a lower hanging fruit than direct consumer adoption. If a solution helps the bottom line, firms will make an effort to adopt it.
👍  ,
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@yash.shah1 ·
One heck of a great solution!
Addictive information!
👍  
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