Lition: How This Blockchain Business Project Works for Crypto Adoption?
What Is Lition?
Lition is the world’s first scalable public-private blockchain integrated with deletable data features customized for commercial products. Lition seeks to enhance the adoption of blockchain-based applications into mainstream commercial use in order to improve the everyday lives of the people.
Lition will achieve its objective through a Peer-to-peer energy trading dApp that is already available in the commercial market and an MVP that facilitates which will later be tokenized as Security Tokens (STOs). In addition, Litecoin also has a wide variety of use cases that have the potential to disrupt multiple industries such as the Energy and Banking spheres.
Lition is in collaboration with SAP, the largest business software developer, to create the standard blockchain infrastructure for commercial businesses. This collaboration will combine SAP’s permissioned distributed storage engine and the permissionless consensus system from Lition, which results in businesses acquiring a private transaction solution that is highly transparent.
How Lition Works
The Lition and SAP blockchain has a two-layer infrastructure made up of public nodes and privileged nodes. The public nodes implement the proof-of-stake mining algorithm and can save computing power or reward token holders while the privileged nodes can create infinite public and permissioned private sidechains. This layer will enhance commercial usage of dApps as everyone can build on Lition.
Lition features an energy exchange, which is one of the first mass-market P2P trading platforms for direct energy exchange. The trading platform will provide green power producers with a marketplace for selling their products and provide consumers with access to cost efficient green electricity from their desired green power plant.
Besides, Lition has a STO platform where users can tokenize their assets on Lition’s network, which will lower the entry barriers for retail investors into the financial system, as they will have easy access to new asset classes. On the STO platform, small and medium businesses can tokenize their assets and raise capital for the development of their projects without incurring unnecessary costs from intermediaries.
Why Use Lition?
Privacy Of Data
With the advanced Lition network mainnet, the entire user’s confidential data is stored on a private sidechain ensuring the privacy of data. The data will then have restricted access to prevent continuous data theft or sabotage.
Regulation-Proof And Deletable
Lition enables users to store data on the blockchain for as long as they want to without the worry of losing the data since it’s fully compliant with data privacy regulation. After users are done with the data, the private data can be deleted.
Scalable And Low Priced
Lition operates on the energy efficient Ethereum blockchain that only consumes 78 kWh per transaction, which is much more efficient than the Bitcoin network. Reduce energy consumption enable Lition to operate sustainably while reducing the cost per transaction.
Built With Exclusive Partnerships
From the collaboration with SAP, Lition has invaluable expertise and support from key industry players enabling the Lition blockchain to use cases in various industries such as healthcare, media, logistics, travel, bond finance and enterprise data management.