>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.
William Morales
This is the correct thread. LITION will be the true ethrum killer and also king of coinmarketcap 2019 Do you not think that the LITION team has not been working hard? Guess what? It has. So please be like ourself and do as the smartest mens say: Do not become the SHITTY ONE Get some LITION
Matthew Rogers
Yeah, that's nice and all, but redpill me on LIT.
Easton Peterson
SAP Partnership SAPs CTO is an advisor on the board Real clients and revenue in an energy use case Can be used in financial services and healthcare very soon 9mm Market Cap Mainnet Launch soon Binance Dex listing soon
Nathan Lewis
It’s going to 0.01 don’t buy
Parker Clark
>Lition >Partners with SAP (Huge German company with giant mcap) >Got start-up grant from Microsoft >Partners with German authorities >Mentioned in forbes twice >Connections to big banks >Big ad campaign in Cologne - huge city >Supplying energy to over 200 German cities >Established company that actually knows what they're doing >75% of team has PhD's. >Not even 9 million dollars in market cap (fucking unreal!) >New tech (private/public blockchain) >Soon listed on top exchanges
Buy this before it takes off for real. This is the gem you're looking for, user. Don't believe all the retarded FUD - research everything yourself.
Is there any point buying Ethereum from coinbase since they don't let you use it right away? Should I buy ETH from IDEX then use that to buy LIT from IDEX? Sorry for dumb question fren
Connor Baker
dont go to fucking hotbit, i am trying to buy some LIT all day long, the order book is as dry as a desert and the prices are higher than on IDEX whoever told me to "bro just buy it on hotbit": one day i will find you and fuck you up fag.
Sebastian Martinez
Kek alright thx
Cooper Thomas
Hello there friend
You can't buy ETH from IDEX. You buy ETH and transfer that to your Metamask wallet and integrate your wallet with IDEX. Deposit your ETH into your IDEX account and buy LIT.
Where are you from? I personally use p2p exchanges and pay with bank transfer but I don't know if that is available in your country.
Leo Robinson
Because you are an impatient fuck with ADHD. Rage some more and trample your feet while youre at it.
t. bought my whole stack for way lower than the average bizraeli did on Hotbit.
Juan Wilson
Idk man 90% uncirculating coins, the smart contract bug that burns coins, the SAP partership that SAP publicly refuted... thinking of selling my 20k stack, not so comfy anymore
Ayden Hughes
I'm a burger. I bought chain link on coinbase and now it won't let me do anything for 11 days. I used my bank account but I guess you're supposed to use a credit card. I'm going to try and but ETH from coinbase when my 11 days is over this week. I already have a metamask account set up. I just hope when i buy from coinbase again they don't hold my stuff again.
Cameron Lopez
>I personally use p2p exchanges and pay with bank transfer but I don't know if that is available in your country.
For buying ETH that is.
Coinbase might be the easiest option for you I guess but if you could find an alternative to avoid the holds that would be better!
James Young
Shit tier FUD. SAP did not refute shit
Sebastian Rogers
Is there an 11 day hold on CB pro every time, even if you pay with credit?
Alexander James
No clue dawg I've never used Coinbase
James Long
Jesus you retard just read their terms. Verify your account, etc. And kys while you are at it.
Tyler Garcia
No there isn't. I always get my ETH immediately and they're also really fast at processing tx's. Usually takes less than ten mins from buying on cb to I have my ETH on whatever exchange I use.
Ryan Cook
I'll figure it out I fucking did u faggot. I'm level 3 verified from the beginning.
Brody Gomez
Badass ty. I definitely won't use my bank next time. I think that's the problem.
Hudson Young
Fine, I'll FOMO in at ATH. Get a 2K stack or something. Hope I make it bros
Isaac Myers
Yeah, it's probably because it's a wire tx. Takes forever. Just use a credit card.
