/lition/ general

>Why Lition Matters?

>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.

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medium.com/lition-blog/lition-integrates-with-binance-chain-47ef339ecac0
twitter.com/Lition_Block/status/1146685239588204545
twitter.com/SFWRedditImages

>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

What? Devs just got caught frauding and there’s like only 15% in circulation

Typical pajeet coin that’s going to zero

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>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!

medium.com/lition-blog/lition-integrates-with-binance-chain-47ef339ecac0

>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.

i dont think you're going to be able to move the price down user no one wants to sell, just bite the bullet and buy while its still under $10 mil

sources please

Very low quality FUD. You should be ashamed of yourself. Not for the fussing, but for the extremely low FUD quality.

>fudding
>phone posting

This.
Read:

Lition signs a Co-innovation Agreement with SAP. The technology partners are exploring the development of a public-private blockchain for business.

The technology partnership was first announced at the Consensus Conference in New York City in May 2018 by Torsten Zube, Head of Blockchain at SAP.

Blockchain experts know the limitations of current-generation blockchain technologies, such as
* the secure exchange of private data in distributed environments
* scalability (block confirmation time and transaction costs)
* compliance to regulatory requirements like deletion of data (GDPR compliance) hinder a mass market adoption of blockchain technology.
Both companies have therefore been validating these topics in a series of workshops over the last half year. SAP is exploring a private, permissioned, decentralized technology for verifiable exchanges of data while Lition is focusing on a public, permission-less blockchain. Both companies strive to integrate these two parts to allow for private communication and publicly verifiable claims.

Currently, SAP and Lition blockchain developers are collaborating in design-thinking workshops, laying the foundation for the worlds first public-private blockchain with deletable data features for all business.
"Helping our customers solve their business challenges is always at the very center of what we do", said Torsten Zube, Head of Blockchain at SAP. "With this cooperation, we intend to explore better options to facilitate the value-adding adoption of blockchain or blockchain-influenced applications for real business use cases."

Dr. Richard Lohwasser, Lition's CEO commented, "This partnership is based on the distinct strengths of each company, bringing together Litions expertise of public blockchain requirements, agile mindset and high market launch velocity with SAP's strong development resources and powerful innovation capabilities. SAP is the ideal partner to co-innovate and create the go to blockchain standard for business.