Blockchain — going beyond Fintech

“Blockchain will impact industries well beyond FinTech. Loyakk will be the disrupter in enabling businesses to create networks powered by blockchain” Erwin A Rezelman — Chief Technology Officer, Zurich Latin America

Many people believe that blockchain is all about cryptocurrency. They may be right to an extent that in its first-decade of inception, blockchain was completely dominated by cryptocurrency. But blockchain has many other frontiers that are yet to be explored. That’s what Erwin A Rezelman is hinting about.

With thousands of ICO launched, every ICO proposes a different application that can be executed over blockchain. Blockchain holds the power to transform not only the monetary system but the whole way we operate in society today. The blockchain is the internet of value that gives us the ability to not only transmit the information but value in the blink of an eye to anyone anywhere in the world.

The Problem

Every enterprise today interact with multiple partners to drive its business deals and meet customer demands. During these interactions data, of high value is exchanged which includes financial data, customer record, new product information and many more. Since data is the biggest currency of 21st century, any loss or ambiguous transfer of business data can cost companies a significant financial setback that may even lead to company closure.

Deloitte, one of biggest accountancy firm was hit by a cyber attack that went unnoticed for months, the hack was aimed to get personal details company, blue-chip clients. This is the biggest problem today, however, challenging times are also most powerful, as they make us creative searching for newer and better solutions.

Introducing Loyakk Vega — The solution

Loyakk Vega is a new innovative solution with aim of taking business-to-business interaction to secure, decentralized and transparent blockchain technology. Its first of its kind platform that is designed to streamline the massive interactions that enterprises need these days in order to run their business successfully.

Loyakk Vega has its own patent-pending blockchain-enabled Vega Business Relationship Platform that will create a ecosystem that will incorporate Enterprises, partners, channels, Vendor and customers. This ecosystem will help in secure and efficient exchange of critical business data in a contextual and relationship-aware manner. Loyakk Vega will be based on distributed technology, which gives zero down time and no single point of failure, which in turn means 24/7 availability of Loyakk Vega platform for business communication.

To learn more on Loyakk Vega please visit the website.