/biz/ - Business & Finance

>>22438873

lets get hilariously rich, anon. this is our chance.

>>22004096
if you know, you know. we're gonna make it anon.

t. 1k sBREE holder.

>>21468235
thanks for playing the game anon. see you at ATH!

>>20901388
AHAHAHA

>>20878032

lets go brother

>>17604895
my nigga

>>17250883
Ting ting ting

>>16199327
And buy LIT

>>16175331
Cheers to that!

>>15137302
DR, NS

>>15110778
.... *ahem*

*TINK TINK*

>>15083118
We're going to make it, my good man.

>>15047266
>>15047666

>>15026977
checked and keked

>Why Lition Matters?

>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.

>>14847002

25. When will LIT be tradable on Binance Dex?

A: We're working on it.

26. Can you explain more about banking use case? When will it be live?

A: Banking use case has one lone taker and multiple loan givers. Loan givers use private keys to sign off the loan. We're in discussion with partner banks. Needs to be discussed in a way that it can be rolled out. Quite difficult to be adopted by normal bank users (people that work in loans, getting them to use blockchain solution). We are not there yet without the official go-ahead and this is not yet guaranteed.

27. Tone down lit wars a bit.

A: After so much feedback I think we should do something. Thanks for feedback.

28. Not any blockchain in world offers such a feature (data deletion for GDPR). But some support encryption, wouldn't this be just as secure?

A: I disagree. According to GDPR if customer wants data deleted, then the company is forced to delete the data. Let's say you have gym card membership card. Your bank account, size, weight etc..

If customer asks you to delete the data, the gym is legally forced by law to DELETE this data. The law is very clear about that. It does not say "Encrypt in such a way that technology cannot decrypt it". Large companies don't take risks. When laws says, you should delete the data, they will do that. That's why they need a technology that is bullet proof and that does actually delete the data.

>>14824231
>>14824232
thank you kind sirs, thank you

>>14775816
I have 1,375 LIT, gonna die a medium poorfag

>Why Lition Matters?

>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.

We will be the techno-aristocracy.

Tell them Anon

>Why Lition Matters?

>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.