Lition (LITION) ICO review
Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition's live P2P trading use case, and co-innovated with SAP. Lition, in co-innovation with SAP, is a foundation that develops the next generation blockchain infrastructure designed for businesses to bring blockchain applications from their currently predominant Proof-of-Concept stage into commercial products with mass-market adoption in a legally compliant way. Our infrastructure is the only scalable public-private blockchain with deletable data features. SAP, a company with >400.000 customers and the power of >10.000 developers, is developing the decentral ledger and smart contract layer, with Lition providing the open consensus layer.
Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. This state of the art protocol enables blockchain-based applications to step out of their current niche into commercial mainstream deployment.
Blockchain development is co-innovated with SAP, whose chief innovation officer Dr. Jürgen Müller is also Lition’s advisor. SAP, a company with >400mn users and >10.000 developers, is developing the decentral ledger and smart contract layer, and Lition is providing the open consensus layer. Lition will run the public mainnet using Lition tokens issued in an ICO for transaction execution, staking and sidechain creation.
Lition is well positioned to design a blockchain infrastructure for business use, as it launched the world’s first P2P energy trading dApp that is commercially live in a mass market with real revenues and real customers in over 10 cities.
Next to this already-existing P2P trading dApp, there are many more use cases with initial implementations in the green energy space, with potential to disrupt the finance sector and beyond. Furthermore, SAP can easily implement this blockchain into their existing customer base of >400.000 making them immediately ready for blockchain use cases. It is therefore well positioned to be the standard mainnet for business applications.