Loyakk
What is Loyakk about?
Loyakk is a blockchain-enabled platform for enterprise business networks that enables enterprises (or companies) to engage with their network of business partners with greater security, efficiency and governance. With Loyakk, businesses can now combine blockchain with relationship management capabilities to address critical challenges they face in b2b engagement, including data / IP theft, data reconciliation, contract execution and disputes, while ensuring compliance to business rules across the network. This leads to significantly reduced operational friction costs and revenue leaks, while accelerating business revenues.
Why there is a need for Loyakk?
Enterprises today lose billions of dollars working with partners1 within their business networks with multiple problems including Data Breach /IP theft, data reconciliation issues, bloated processes and contract disputes, etc. Loyakk solve these problems and helps enterprises save significant costs and accelerate revenues. Enterprises today interact with their partners in an unsecured, inefficient manner with limited data controls in place. Loyakk offers a ‘Blockchain-enabled platform for enterprise business networks’ that transforms how enterprises collaborate and share data with their partners with greater security, increased efficiency and better governance.
LYK Token
1 LYK Token = £0.50 As Enterprise customers (SAP, Novartis, Infosys, Abbott Labs, Mphasis...) use the platform, Loyakk will publish multiple metrics via the "Loyakk Beacon" - creating transparency to the open market. Early investors need to get Whitelisted.
Roadmap
Team members
CMO
Strengths
- Extensive and successful history of managing organization
- A lot of media coverage. Great visibility overall.
- Impressive team and advisory board with many industry experts
- Good amount of relevant partnerships presented
Potential concerns
- Only 34% of tokens are sold on token sale. 18% of tokens allocated to the team seems a bit high.
The team and advisory board are very impressive with connections to some very big corporations like Nissan Motors, IBM and SAP. The project could heavily benefit from these corporations and their potential involvement in this project. The current status of these corporations involvement on the project is unknown
The sheer amount of material available on the project is massive compared to industry average. Everything on the whitepaper was professionally made and transparent. All of the relevant information was there and it was easy to understand.
Loyakk has a industry-changing vision and market opportunity ahead which can also be validated by Gartners findings that “the business value-add of Blockchain will grow to more than $176 billion by 2025".
Loyakk has managed to acquire some relevant partnerships already at the time of review. Project has quite large social medias that are vibrant and active.
We feel like the amount of tokens allocated for the team and advisors combined is too high. 18% for the team and 7% for advisors total to 1/4 the total supply. Teams tokens will be vesting for 12 months.
