SUPPLY CHAIN

Belgium, the Netherlands, Germany and other public and private agents: Waste Transportation ILT (European Union tender winner)

Dutch and Belgian governments, together with other public agents, AVR and Indaver, cooperate on the waste transportation solution as part of the EU tender LTO Network won in 2018. Our partner Capptions is developing the UI, which is then integrated with LTO Network backend solution.

EU governments supervise the removal and transportation of waste to and from other EU countries, connecting multiple agencies to manage the operation. It formerly relied on manual, paper heavy processes, but by using LTO Network blockchain, the authority aims to free up human resources for other tasks. The LTO blockchain infrastructure provides an immutable way of verifying data about the weight of the shipment and the quota, making interactions among the parties trustless and secure. Data is being shared only across the stakeholders — since it has to be done in a GDPR compliant way.

INSURANCE

DEKRA: GDPR compliant automated third party data-handling

After a successful pilot with LTO Network that entailed the streamlining of GDPR agreements between international insurance parties in which the finalized document was notarized through using Proof-of-Existence, the next step is integrating LTO Network to run and automate the processes on which DEKRA works together with other stakeholders.

The service that will be provided is a data protection agreement that is self-executing, re-uses data and will go through a pre-defined (audited) workflow. Multiple agreements can be generated and executed based on a single input form. All events starting from the initiation of the process will form a private blockchain. This will generate an immutable audit trail. The data placed on the private blockchain can be deleted. Any such deletion is stored in a public blockchain as a hashed event. This way, the system is compliant with GDPR which demands a possibility to delete (or “forget”) privacy related information.

You can read about our solution for Blockchain and GDPR here.

REAL ESTATE

Deloitte, MSeven, OSRE, Merin, Stena, CMS Law: automation of rental agreement lifecycles as Live Contracts

Merin, M7, Deloitte and other corporate real estate giants are working with LTO network on creating an automated document management tool on blockchain. FSM workflows can define commercial lease contract lifecycles as Live Contracts, which are paperless, remove multiple operational frictions among the parties, and have a lot of cost-cutting advantages over existing solutions.

‘LTO Network aims to redefine the classic contract as we all know it today, through adding automatization and collaboration to it. The result: A dynamic contract process that allows for interaction on the property lease process involving multiple stakeholders.’ — Niels Bruijninckx, Senior Manager, MSEVEN Real Estate

This is done together with CMS Law as a legal and business partner in verifying and promoting the solution. As the goal for 2019–2020, we are also working together with CMS Law on tokenizing real estate and shares, but we will get back to this later on.

TRANSFER PRICING AUTOMATION (DTM)

Heineken, Euronext, Velcro, Cloud9: digital transaction management

LTO software is used for automating the profit allocation workflows in each jurisdiction multinationals operate, and file the outcomes to the local tax authorities. It was built for and together with Taxtimbre, who act as a re-seller for these transfer pricing solutions.

NOTARY SERVICES

Firm24, Damste Notary, Hekkelman Notary, Lint Notary, and 20 more notaries firms

FIRM24.com is the largest provider of the legal incorporation market in the Netherlands, having around 15% of the entire market share. On the platform that FIRM24 is using, the incorporation workflows include shareholders, notaries, bookkeepers, banks, etc are connected in the incorporation life cycle (Live Contract “incorporation”).

LEGALFLING: sexual consent on the blockchain

LegalFling is a Proof of Concept we built in 2017 to showcase what blockchain can do. Despite us not having spent a penny on marketing, it was quickly caught up the biggest new channels, newspapers, online journals and even YouTube — went super viral! This was especially relevant considering the 2018 ongoing debates regarding sexual consent, like in Sweden in July.

The app is ready and it is functioning, and will soon be integrated with anchoring on LTO Network permissionless public chain.

DUTCH MINISTRY OF JUSTICE

LTO Network is working with the Dutch government on several pilots for automating data exchange for criminal cases (petty crimes) and reducing the paperwork within the several stakeholders in the execution of the process. This was quickly caught up by the media, with law.com publishing an article last year, and a more coherent story is also available here.