Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. This state of the art protocol enables blockchain-based applications to step out of their current niche into commercial mainstream deployment.
Blockchain development is co-innovated with SAP, whose chief innovation officer Dr. Jürgen Müller is also Lition’s advisor. SAP, a company with >400mn customers and >10.000 developers, is developing the decentralized ledger and smart contract layer, and Lition is providing the open consensus layer. Lition will run the public mainnet using Lition tokens issued in an ICO for transaction execution, staking and sidechain creation.
Lition is well positioned to design a blockchain infrastructure for business use, as it launched the world’s first P2P energy trading dApp that is commercially live in a mass market with real revenues and real customers in over 25 cities. Next to this already-existing P2P trading dApp, there is a second use case in which Lition, together with a major Bank and a real estate company, has developed an MVP to syndicate loans, and later tokenize the loan as a Security Token (STO). Beyond this, there are many more use cases with potential to disrupt not only the Energy and Banking space, but many more.
Furthermore, SAP can easily implement this blockchain into their existing customer base of >400.000 making them immediately ready for blockchain use cases. It is therefore well positioned to be the standard mainnet for business applications.
Our aim is to bring blockchain technology from its current hype-driven, speculation-fueled state with mostly pilot projects into mainstream commercial use. Blockchain technology should improve the everyday lives of the people.
As a means to achieve this, our objective is to develop an easy-to-use and easy-to-develop infrastructure that fulfills the requirements of business use, both from smaller companies as well as large corporations. The blockchain should be the number one choice for any developer and company seeking to use blockchain technologies.