>Many people are confused by our strong tendency towards the Energy sector even though we are building a Blockchain infrastructure for various industries. Let‘s clarify this. Initially, we started as an Ethereum P2P application designed to target one specific industry (Energy) but eventually saw a gap and therefore an opportunity in the market. Hence, we decided to revise our original plan and transform into a massive blockchain infrastructure project.
>Before we decided to run this project, we already were a licensed energy supplier with real customers and real revenues in Germany. In April 2018 we successfully launched our blockchain-based P2P energy trading app to offer clean and cost-effective energy to 41 million German households. Making us the world’s first blockchain based P2P energy exchange available in a mass-market. Currently we are in possession of customers in over 27 cities, including Berlin, Hamburg and Munich. This solution was built on Ethereum and is going to be migrated on our mainnet once fully live.
>During succeeding in the expansion of market share, we came to two important realizations: 1) that Ethereum—and indeed most of the existing blockchains!—has serious limitations that make them less than ideal for sustainable utilization in many business contexts. They are far from “green” (a key principle for the self-respecting clean energy supplier) and are hardly scalable to millions of customers, but even more importantly they are not compliant with the various EU laws governing secure exchange of private data and the requirements concerning the deletion of data mandated by the EU GDPR regulation. 2) If we face these challenges, then all enterprises aiming to launch and scale business applications in distributed environments using blockchain technology equally face these challenges.
>In short, all the infrastructure solutions available, were just not good enough for real business in mass markets. Thus, we decided to increase the scope of its blockchain undertaking by moving beyond the dApp development to become a layer 2 solution on top of Ethereum as we did not saw the need to compete with it but rather complement it.
>To develop the blockchain solution, we entered into a Co-Innovation Agreement with the German-based multinational software giant SAP, which is in charge of developing the storage and smart contract layers, with us being the provider for the open consensus layer for this solution. SAP’s Chief Technology Officer and Executive Board Member at SAP SE, Dr. Jürgen Müller, is one of our advisors and actively involved in the #build process.
>Together with our partners we eventually determined that despite our sophisticated original business idea, the time was ripe for thinking even BIGGER. And this is how Lition, with SAP’s support, embarked on an entirely new exciting adventure: to develop our own scalable public-private blockchain infrastructure for commercial products, a system that would be equipped with deletable data features and fully compliant with all applicable laws and regulations, including the most recent EU data privacy laws. Our proprietary protocol aims to help blockchain-based applications to come out of their relatively small niche and enter the mainstream marketplace. The scaling solution that we are developing at this time will be offering a fast, robust, and cost-effective solution for a wide range of businesses and industries, including energy, enterprise data management, finance, insurance, logistics, pharmaceuticals, healthcare, media, travel, etc.—in short: having started initially as a limited-scope decentralized application provider, we are now aiming to become a sizeable infrastructure project in the blockchain space and beyond.
Jordan Stewart
1k EOY confirmed. cherry_hotwife@twitter
Logan Rodriguez
bump
Christopher Adams
still nobody sees this.
John Williams
Whoever panic sold the dip is confirmed brainlet
Blake Robinson
interesting, shill me more.
Zachary Powell
SAP has a 172 Billion market cap.
Zachary Scott
if this means chainlink 2.0 is releasing its own scalable blockchain which will include all the partnerships, swift etc. Moon mission confirmed. locked and loaded. thank you assblasster
Aiden Hill
Does lit have any partnerships?
Aiden Jackson
Checked and based anonymous guy. Nice copy pasta. Stay lit.
You don't know who you are talking to faggot. I have enough liquidity to 5x this if I wanted to. Now be a good little wage cuck and spoonfeed me if you want to sell your bags at a profit
Blake Rodriguez
Yeah, this is a guaranteed success isn't it? I'm just taking my time, accumulating on dips. Comfy af.
Nathan Edwards
Partnership with SAP, mainnet launch Q3 2019, binance listing soon
Alexander Clark
Only with fucking SAP.
Luke Edwards
so where do I buy it?
Benjamin Rogers
Next dip to aim for senpai?
Matthew Gray
Literally the CTO of SAP is an advisor, they are working together on a joint venture and SAP's CTO even said that they will officially announce the partnership in Q3 2019 after public mainnet launch.
These brainlets need to think, coins blow up to 100mm market cap with a rumor of a rumor of a rumor of a real partnership. This partnership is the real deal.
user, brainlets here that sell this fucking gem early deserve to stay poor
Brayden Torres
Yeah but the token is useless.
Owen Morales
What do you fags use to buy crytpos like this? I use coinbase for Link but what if I wanna buy into one of these coins?
Carter Wilson
This is the dip, it dropped 20% to cool down after a parabolic run
Luis Stewart
A king of big deal is they will allow the deletion of data from their chains. How many business don't use block chain tech because of its permanency? Lit is blockchain with extra feature meant to capture the big business market. obviously there is more but this little detail sets them apart from most if not all other projects.
William Gomez
LIT marines, we have to spoonfeed these fucking brainlets. I will create spoonfeed pictures and quotes in MS paint later tonight, since these mongs cant do their own research
Jackson Davis
Get VPN get on binance and idex. The set up is a bit more complex compared to CB but you gotta do what you gotta do
Luis Ross
>deletability >immutability
Makes sense to me
Lucas Kelly
At minimum, this is SAP's primary blockchain play. That's huge in and of it itself.
At maximum, Lition gets traction as a real contender for enterprise blockchain needs beyond SAP's suite of services. Aka, Lition competes with Neo or Ethereum as one of the big boys
The minimum is what I'm expecting, but that is still a pretty big outcome.
Parker Price
Panic sellers are based, they’re fueling my growing stack
Cameron Miller
Fuck I want to buy mooooorrree. I was trying coinbase (dumb move really) and now hundreds of dollars are 'on hold' fuck coinbase!
Aiden Sanders
True fren, I'm just under the threshold for top 100 wallets now
Adam Brown
Am I not able to use Binance from US?
Anthony Nelson
>A king of big deal is they will allow the deletion of data from their chains. How many business don't use block chain tech because of its permanency I have been trying to get a few companies to integrate blockchain into their stack for years and this is the number reason why the don't. I'm unorionically going to take 30% of my LINK stack and put it into this
Justin Bennett
A very robust partnership with SAP as other anons have mentioned; don’t be fooled by the lack of namepower sap carries in America. It’s a massive multinational company in Europe. Only other impressive tech giant would be Microsoft
Cameron Diaz
>Am I not able to use Binance from US? only if you created an account and did KYC before June. And you have only until September to trade
Anthony Jackson
This. People don't seem to grasp the significance of this for business.
Jacob Baker
Top exchanges for lit are a Korean exchange and idea. Set up is a bit more complex than Coinbase but should only take like 5 minutes to learn and an extra wallet transaction, they have great tutorials on their page
Xavier Green
Retard, its deletable due to the hashing of each transaction, so the hash will still be recorded on the blockchain, but its mathematically impossible to read the unhashed data
Hunter Mitchell
Hence, we decided to revise our original plan and transform into a massive blockchain infrastructure project.
This is called a pivot and it's a classic move from shit companies to cash in for ez bucks.
Tech companies love doing this into buzzword memes.
Samuel Cook
This pasta didnt gain any attention whatsoever when it was originally posted on reddit by the developers. Massively bullish for me.
Blake Myers
Thank you Op, that was my best financial porn in a long time.
Henry Mitchell
Based bull signal
Nathaniel Barnes
Honestly, would just not check portfolio for a week and save yourself the stress. It'll be up by EOW
Bentley Smith
Fuck Reddit are retarded. What the fuck is wrong with them? They miss everything.
Tyler Davis
cherry_hotwife@twitter cucks her husband while shilling link
Rumor has it that Bill Gates named his company after his dick.
Joshua Powell
Based
Anons, did you notice after the dump, the FUD pajeets had time to accumulate so they're not here anymore
Landon Watson
yup. They fud to buy more, it's quite normal in the crypto sphere
Joseph Mitchell
Enjoyed
Wyatt Stewart
does LIT have a wallet I could store my coins in? don't feel like keeping it on hotbit
Mason Morgan
Look up metamask
Liam Perez
thanks I'm about to go knees deep into LIT
Liam Peterson
I'm balls deep in this shit, anons are ignoring it cause it looks like regular shilling, but this project is the most promising out of any on this board right now
Caleb Robinson
I dont know whats wrong with them all exactly but they are so consistent in their retardation their sentiment makes for an excellent trading metric. These are the people who will buy are bags when its time to cash out, its just the way life works.
Elijah Turner
Thank fuck it dipped, I wanted to accumulate more but was having trouble clicking the button at and increasing my cost basis by a huge amount
Jaxson Perry
True. When I found out what it was, I immediately dumped all my other coins and went all in, kek. This is a moon rocket if I've ever seen one.
>Lition is excited to announce that we are offering support of the Binance Chain BEP-2 protocol to the LIT token. This collaboration between Binance and Lition aims to support the spirit of interoperability within the blockchain space and to create one of the biggest multi digital asset ecosystems of our time. Adding a new blockchain infrastructure to the Lition environment is also an important step that fosters the adaptability of our layer 2 business solution!
>As always, we are committed to developing the blockchain standard for business by providing an advanced scalable public-to-private blockchain with deletable data features. We are working hard on delivering on the promises that we have made to you. The next few weeks will be absolutely critical to the future of this project with many more announcements and updates coming soon. Talk is easy and the only way to keep you happy is to continue delivering working products and demos, as well as expanding our ecosystem. As we move into yet another phase of our journey, we are grateful for your continued support.
