TomoChain and Lition Join Forces to Accelerate the use of Blockchain Solutions in the Enterprise Sector
The two organizations will collaborate in pursuit of a shared vision to empower businesses across the European and Asian markets with enterprise-ready blockchain solutions.
We’re pleased to announce a significant expansion of the strategic cooperation between TomoChain and Lition.
Cooperation
TomoChain, a top public blockchain based in South East Asia is offering an efficient platform powered by Proof of Stake voting consensus, while European-based Lition is developing a layer 2 public-private blockchain infrastructure featuring deletable data features.
The newly formed European/Asian alliance will focus extensively on both business and technology development — collaborating to expand TomoChain’s blockchain solutions into the heavily regulated European enterprise sector, while allowing Lition to benefit from TomoChain’s vast technical knowledge, diverse DeFi ecosystem, and substantial influence in the Asian markets.
Developer Task Force
The new direction of the cooperation marks an important milestone for Lition, who has found in TomoChain the perfect collaborator for our upcoming blockchain roll out phase and future developments.
TomoChain has provided Lition with access to a task force of their top developers. The experience and knowledge acquired while developing their own innovative PoS network, are of tremendous value. The challenges underpinning the development of a custom consensus network are plenty. Having the ability to collaborate and exchange critical knowledge with TomoChain while rolling out our nodes is invaluable. The taskforce is composed of world-class technical and business experts with years of experience in the blockchain industry. We are excited to explore the possibilities that working together and combining our technologies can unlock in the enterprise blockchain sector, and beyond.
Furthermore, the cooperation will open the doors for Lition to the Asian market from business development and marketing perspectives.
“We’re delighted to work with the TomoChain towards a shared vision of empowering businesses across the European and Asian markets with enterprise-ready blockchain solutions,” said Lition COO and co-founder Dr. Kyung-Hun Ha. “This collaboration presents a remarkable opportunity and it underscores our strong belief in the TomoChain team and the gateways they are building into blockchain and DeFi that are essential for the mainstream adoption of the technologies.”
Strategic Business Development Plan
Lition will provide TomoChain with important insights and connections within the heavily regulated European enterprise sector — sharing its extensive knowledge about the regulatory landscape and GDPR compliance. TomoChain will also benefit from Lition’s valuable network of big players and relevant institutions — opening up new markets and opportunities throughout Europe.
Financing the new paradigm shift in the energy industry with DeFi solutions is just the beginning of the synergies that are envisioned.
“When it comes to enterprise adoption of blockchain, collaboration is key across technology providers,” said TomoChain CFO and co-founder Le Ho. “The strategic cooperation with Lition gives us access to a highly respected and trusted partner to help formalise our blockchain offering in the heavily regulated European market. By working closely across technology and business development, we will make it easier for companies to access and benefit from business-specific blockchain solutions. Ultimately, a deep and fruitful relationship between TomoChain and Lition will accelerate the business value that blockchain technology can deliver”
About TomoChain
TomoChain is a scalable blockchain-powered via the advanced Proof-of-Stake Voting consensus and used commercially by companies globally. Our mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of blockchain, all while retaining its underlying benefits.
TomoChain’s technology and DeFi-focused flagship products include:
- Fast & Near-Zero Fees: 2000 TPS, 2-second block time, ~$0 gas fees, and EVM compatible
- An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.
Learn more about TomoChain: Website | Telegram | Twitter
About Lition
Lition is developing a public-private blockchain infrastructure with deletable data features to enable businesses to bring innovative blockchain applications to the mass-market that are legally compliant with the GDPR. The solution is co-innovated with SAP, the world’s leading business Software Company.
Lition Energy is the world’s first P2P mass market energy trading platform that connects clean energy suppliers directly with end users on the blockchain. The platform gives consumers access to green energy at a cheaper price while also empowering them to choose the type and source. Lition already supplies affordable green energy to customers in over 1000 towns and cities across Germany.
