Deleteable blockchain protocol
Unlimited public/private sidechains
Made for regulated, fast
and private data
Sensitive data is stored on private sidechains. Quantum-compute safe
Smart contract execution for $0.01 and only 3 sec. block confirmation time
Store your private data only as long as you consent. Fully compliant with EU data privacy regulations
Every new sidechain increases throughput. Cross-industry use cases and applications
Our Blockchain is informed by our own hands-on experience of Lition’s commercially productive dApp
Made possible through the invaluable expertise and support from key industry players
Next to the use cases for the energy industry, any sector involving regulated, private data at high throughput will benefit from the new technology
Currently, medical patient data is scattered. Efforts to collect and settle insurance claims are high. With our blockchain solution, this sensitive data that is used for the claim process can be centrally stored on a private sidechain to which only doctor and insurance have access. After the claim, the patient can delete the data on the private side chain, ensuring efficiency and privacy at all times.
Data security is crucial, as private patient data concerning illnesses, medication, etc. needs to be kept absolutely confidential. However, the ability of accessing this information i.e. in a drug approval or clinical research context must be given at the same time. Now confidential data can be stored, limiting access to involved parties only and being able to delete data or anonymize when no longer required.
Odometer manipulation is a major issue in 2nd hand car sales in most countries. With the Lition blockchain anonymous movement data can be stored on a private sidechain, ensuring the privacy of the vehicle holder is kept, and fraud protection on purchase is given thru the access of the car’s history. Furthermore movement data may also be on a private sidechain, especially used in smart city context.
Global data breaches will account to USD 2.1 trillion globally by 2019. As data exchange between enterprises is indispensable, privacy and security is more than crucial. The Lition blockchain offers the needed features of privacy, security and yet trusted data exchange. The decentralized data storage, limited availability of private data and highly restricted access prevents continuous data theft and sabotage.
Growing usage and distribution of digital media requires transparent and secure systems concerning copyright protection and compensation on the originator’s side. Originators’ details, specific info on items, e.g. songs, sources, age restriction, etc. can be displayed in a private sidechain, along with personal user data such as buyers bank data to compensate the originator directly on the blockchain.
Corporate bonds require large amounts of approvals (e.g. credit rating scores, balance sheets) and middle men (for settlement, custody, etc.). Lition blockchain enables decentralized storage of all prerequisites for a loan, and then automated issuance using a smart contract, taking out complexity which speeds up the process. After the bond has been issued, partial or all private data can be deleted.
The Lition blockchain allows to publicly store material inventory data such as stock items, certificate of origin, quantities, prices, complaints, etc. Linking this information to a private sidechain with purchaser information can automate payment procedures, increase efficiency on restocking, optimization of transportation, improvement of material quality and better response to supply and demand.
The travel industry is full of middle-men generating unnecessary additional costs on both sides. With the Lition blockchain solution all offers can be stored on a public blockchain and trades can be P2P. The customers’ private info during the booking process, such as date of travel, prices, bank info, etc. are held on a private side chain, where payment procedures and details are kept anonymous and secure.