>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.
Grayson Hughes
We need to come up with pictures that shows why this is an easy 10x, in easy to digest terms for brainlets .. Half the people on here won't read this and will pass up the chance to make a shit ton of money
By the way, watch the video above.. The SAP CIO was promoted to CTO and is still one of the main advisors on this project
Jayden Smith
>With the enterprise blockchain niche moving forward in this public/private structure and with such offerings in Europe required to remain compliant with GDPR regulations, Lition currently occupies a relatively new and untouched sector of the blockchain market. Lition also is differentiated to other projects with additional features such as STO issuance and compliance and plans to facilitate a fully fledged dApp ecosystem, encouraging and incentivising developers to build dApp’s on the Lition chain. By the time Lition’s mainnet launches in Q3 2019 it will have three distinct use cases built on top of it, the energy trading application, the banking/loan application and the STO listing ability, past the general use case of the blockchain itself.
Beutiful number. I'll try to hold that stack for September.. My guess is this will fly high before mainnet launch. It's also great to see this pullback holding strong on an ATH.
It’s so under the radar right now though, most people just scroll past these type of threads
Bentley Diaz
99.999% of ppl won’t read that on biz. Make a meme instead
Ayden Cooper
its only listed on 2 not prominent exchanges, buy in now before it hits major trading in q3
Mason Diaz
I already have a huge stack, just waiting for the news to spread .. think this will likely receive the attention it deserves when SAP announces the partnership in a press release during mainnet launch. This was mentioned in a Q&A video with the CTO of SAP
Robert Young
Try $100
Brody Young
once partnerships are announced and its released on major exchanges its to the moon
