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About Loyakk(LYK)

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What problem does Loyakk solve? (or: what human need does it satisfy?) and how exactly does it do so?

Data Breach / IP Theft

This is stealing of data including customer & business data or intellectual property. For a US government lab, it could be foreign agents stealing blueprints for a new weapon system; at a bio-pharmaceutical firm, staff scientists might take confidential data on a potential cancer cure; or at a game developer, hackers could filch the latest first-person shooter game, pre-release.

And most terrifying: Because the information exists in the form of data rather than, say, manila folders in file cabinets, a breach might remain undiscovered for weeks or months.

? https://www2.deloitte.com/insights/us/en/deloitte-review/issue-19/loss-of-intellectual-property-ip-breach.html

? https://www.kaspersky.com/blog/data-leaks-2017/19723/

How Loyakk solves this: Access to Data within the Loyakk network is strictly based on permissioning. Sensitive data is transmitted within the Loyakk network using the Loyakk token on private Blockchain networks. This ensures that data (in motion and in rest) are cryptographically secured and can be viewed and accessed only by individuals or groups based on their role, location, organization, access levels and other security parameters.

How is the idea monetized? How do the token holders profit?

We currently have enterprise customers (SAP, Novartis, Infosys, Abbot Labs) using the non-block chain version of the platform. These customers will be upgraded to the Block-Chain enabled platform in Q4 2018. The revenue model is enterprise licencing + micro transaction costs via use of the Loyakk Token.

Other Important Info

1. Significant Opportunity - We are addressing a global business problem domain with a huge and monetizable demand

2. Patent-pending Technology based on Blockchain - Our solution is built on patent-pending extensions to Blockchain that make it uniquely applicable for enterprise use cases

3. Existing Customers - Our team has the proven track record of marketing, developing, shipping and deploying complex solutions for leading companies who pay us to use our software to address their highly sensitive / core business needs

Team

Loyakk's team members.

SALIM ALI

SALIM ALI

CEO & CO-FOUNDER

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Jitu Telang

Jitu Telang

Co-Founder and Chief Technology Officer

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Tsvetan Georgiev

Tsvetan Georgiev

Blockchain Technical Architect and Development Lead

Linkedin
Jimjees Abraham

Jimjees Abraham

Blockchain Solutions Architect

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Suresh Ramakrishnan

Suresh Ramakrishnan

CHIEF PRODUCT OFFICER

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Rakesh Sreekumar

Rakesh Sreekumar

CHIEF MARKETING OFFICER

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Sadiq Quasim

Sadiq Quasim

CEO of iStrategies Ltd, Loyakk Ltd & ICO

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Roadmap


 
2017 Base Platform vl built Lighthouse customers Token Sale Prep
2018 Goals: Token Sale & Platform v2 Build
Q1 Token Sale Readiness Current Customer Managementc
Q2 Token Sale Event V2 Platform Build
Q3 + Q4 Token Sale Reconciliation V2 Platform Release Lighthouse Customer Acquisition
2019 Goals: Customer Acquisition & Pilot Industry Solutions
H1 Technology Partnerships Launch Industry Packages
H2 Platform Blockchain API Launch Continue Customer Acquisition Platform Extensions
2020 Goals: Partner Ecosystem & Industry Solution Expansion
H1 Scale Partner GTM Launch Partner Program
H2 Platform V3 Release Pluggable Functional Modules Blockchain Infrastructure Upgrade
2021 Goals: Network & Solution Expansion
H1 Solution Templates & Content Libraries Global Industry Networks Defined
H2 Additional Industry Packages Network Enrollment & Expansion
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Quick notes

Tokenomics

Token Info

Available tokens: 34% Price: 1 LYK = GBP Hard Cap: 30,000,000 GBP Buy with: ETH, BTC Platform: Ethereum Location: UNITED KINGDOM Restricted: US AND CHINA

Other Info

MVP/Prototype: Yes Escrow: No Category: Computing & Data Storage

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What problem does Loyakk solve? (or: what human need does it satisfy?) and how exactly does it do so?

Data Breach / IP Theft

This is stealing of data including customer & business data or intellectual property. For a US government lab, it could be foreign agents stealing blueprints for a new weapon system; at a bio-pharmaceutical firm, staff scientists might take confidential data on a potential cancer cure; or at a game developer, hackers could filch the latest first-person shooter game, pre-release.

And most terrifying: Because the information exists in the form of data rather than, say, manila folders in file cabinets, a breach might remain undiscovered for weeks or months.

? https://www2.deloitte.com/insights/us/en/deloitte-review/issue-19/loss-of-intellectual-property-ip-breach.html

? https://www.kaspersky.com/blog/data-leaks-2017/19723/

How Loyakk solves this: Access to Data within the Loyakk network is strictly based on permissioning. Sensitive data is transmitted within the Loyakk network using the Loyakk token on private Blockchain networks. This ensures that data (in motion and in rest) are cryptographically secured and can be viewed and accessed only by individuals or groups based on their role, location, organization, access levels and other security parameters.

How is the idea monetized? How do the token holders profit?

We currently have enterprise customers (SAP, Novartis, Infosys, Abbot Labs) using the non-block chain version of the platform. These customers will be upgraded to the Block-Chain enabled platform in Q4 2018. The revenue model is enterprise licencing + micro transaction costs via use of the Loyakk Token.

Other Important Info

1. Significant Opportunity - We are addressing a global business problem domain with a huge and monetizable demand

2. Patent-pending Technology based on Blockchain - Our solution is built on patent-pending extensions to Blockchain that make it uniquely applicable for enterprise use cases

3. Existing Customers - Our team has the proven track record of marketing, developing, shipping and deploying complex solutions for leading companies who pay us to use our software to address their highly sensitive / core business needs

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