>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.
Yes please sell before the discord dumps their bags
Justin Hall
go ahead and sell then, the cto of SAP added this project to his linkedin you are easily scared newfag.
Connor Miller
I put half my life savings into this shit dude i really want to make it but im fucking stupid i always buy the top too like retard i am fuck idiot man
Juan Reed
Exactly lmao, the CTO of a multi-billion dollar global corporation actively associates himself with this project and you think its going to go down in value?
This guys been winning and making money his entire life and he's not about to stop now
Carson Rodriguez
then sell half, go to sleep and stop looking at the price. simple
Parker Hall
They are shilling their own coin because they are desperate for commercial awareness. They need to work with real world companies to expand their use cases.
Justin Jones
dont forget about crypto twitter they are always the late fuckers to this
Kayden Sanders
Don't kid yourself. They are shilling their coin so they can dump on you.
Robert Murphy
the chart is bullish as fuck anyway you newfags. Cup and handle in action
Xavier Ramirez
yeah they invested all that time in money and getting government regulatory approval so they can pump and dump one some 4channers
Brody Green
this shit is dead as fuck on reddit. biggest bull sign there is
Brandon Rogers
indeed reddit niggers are always late
Hudson Sanders
You fudders dont get it. It will be like chainlink but 10x bigger. You guys never learn. I was one of the first to notice this coin around here. I made a search through Jow Forums's ERC20 addrs, and found out most whales were buying LIT. Then I did my own research and bought, of course. In fact, as the faggots here bring each day better and better news, I'm wondering if I shouldnt buy even more. Because of course price doesnt matter at this market cap. This coin WILL and SHOULD be at least on top 50, that is at least 20x from here, without BTC moving. Now listen up: THIS WILL BE LISTED ON BINANCE DEX, and of course WILL BE LISTED ON BINANCE CEX. Buy right now you fuckers.
Jaxon Jackson
Yeah, you're obviously smarter than huge German banks. We'll better listen to you.
Exactly. However, it's at least 50x from here if you ask me. Never have I seen a bigger no-brainer in cryptos, and yet people are being fucking retarded about, haha. Wish I had more money to buy with.
Henry Price
Speaking of buying more, is it gonna do a drop like yesterday again later this night? surely it can't keep going sideways? i need to buy more is why i'm asking. only had about 4000 LIT before i sold half to buy more, just waiting for something to happen
Kevin Scott
I honestly don't think it's going to drop. Looks like it's gonna moon really hard very soon. Much more than it already has. It looks a lot like bitcoin when it dipped to around 3000 dollars in 2017 just before the major run. Try to compare the graphs and see what I mean. I think it's going to 1.80 - 2 dollars over the next week or so. But maybe I wrong. Charts can sometimes look identical, and then go in opposite directions suddenly.
