<center></center>
# Introduction
The world of business has always been based on mutual trust between the interacting parties. There should be a level of understanding, and the feeling of obligation within the partners to make sure that there is sufficient compensation for whatever product or service is offered through the business. This means that while on some level there should be a level of transparency, some information and value should be hidden from the different interacting parties to ensure the smooth working of the enterprise. The present system does not have a set model or path for the safe flow of data and value, and hence affects the efficiency of the business. With the advent of technology, something should change about this.
# Loyakk platform
The Loyakk platform is a blockchain inspired platform which deals with and manages enterprise relationships. The company focuses on optimizing the way businesses collaborate and share their data and value with partners, vendors and channels. This ensures that the cot incurred due to data leaks and fraud is brought down to zero, because of the secure and smart working through the blockchain platform.
# Problems handled
The Loyakk platform aims to mitigate the issues in the way businesses collaborate with their partners and to provide a technologically advanced solution for better sharing of value and data, hence maximize their profit and relationship morale. To ensure this, the workflow and dataflow is changed from a chaotic fashion to an ordered and scheduled manner.
Another problem is the inability to audit the data flow because of the extensive sharing and exchanging between partners and other players within the enterprise. This leaves the whole flow unchecked hence leaving potential data risks. Enterprises need a solution which can help them track what data went where and when.
# The solutions offered
Loyakk offers a one stop solution for the effective collaboration of business enterprises. Its solution include three main features.
The secure information exchange, where the data that is exchanged is done by leveraging the capabilities of blockchain, hence making the data immutable, secure and verified. This could also mean that only permissioned data (data that is allowed to flow) is exchanged in the process.
The workflow management module, in which there are supported workflow which ensure that only the required data is exchanged and used. These workflows are assigned with basic business processes (think of it more like templates for flow of data).
Relationship management solutions, which can be used to make sure that the relationship and morale of the participants of an enterprise (channel, vendors, suppliers, customers) are maintained, in an attempt to continue the functioning of the organization in a smooth and profitable ecosystem.
# LYK token
The LYK token is the native utility token for the Loyakk platform. It is an ERC20 compliant token. For accessing the services that are offered by Loyakk, enterprises need to acquire the Loyakk token. The token essentially acts as a carrier of data for the enterprises, hence ensuring that the data is permissioned, can be partitioned and is verified.
# Final comments
The Loyakk platform is indeed an excellent use case for blockchain, and in fact, a very important one. Loyakk can change how businesses interact with their co-players, and make sure that these interactions are done in a way that everyone is benefited. The risk in data and value sharing is exponentially reduced, providing newer businesses a great way to enter the market without having much experience in the field. It is noteworthy how the blockchain technology is implemented in such a useful way, and not just for the sake of implementation. Great project.
**Website** - [https://loyakk.io/](https://loyakk.io/)
**Whitepaper** - [https://loyakk.io/#white-paper](https://loyakk.io/#white-paper)
**ANN** - [https://bitcointalk.org/index.php?topic=2838705.0](https://bitcointalk.org/index.php?topic=2838705.0)
**Telegram** - [https://t.me/loyakk](https://t.me/loyakk)
**Published by** - jessicalaurenbt
**Profile** **-** [https://bitcointalk.org/index.php?action=profile;u=1936052](https://bitcointalk.org/index.php?action=profile;u=1936052)
hiveblocks