HomeCoinsLition (LIT)Lition AMA Recap — 30 April, 2020 - Lition Blockchain

Lition AMA Recap — 30 April, 2020 – Lition Blockchain

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Mark Stephen

Thanks to everybody who joined us for the reside video replace and AMA with Lition CEO Richard Lohwasser. We have been thrilled to obtain a lot participation from our group. Your questions and suggestions are extraordinarily beneficial to us.

For many who missed the reside AMA, you possibly can watch it once more right here. For many who need a abstract, or anybody that’s fascinated with refreshing their thoughts, the recap is out there right here!

Whereas the Coronavirus outbreak brought about some apparent setbacks, it additionally gave Lition time to take a step again and focus many extra alternatives. We’ve tailored properly to the scenario and we’re assured we’ve been capable of take full benefit.

Lition is primarily a enterprise pushed blockchain and we function largely within the enterprise to enterprise area. B2B talks are difficult as you spend an excessive amount of time with them and so they don’t all the time go as deliberate. We all know that persistence is the important thing to succeeding on this area and Lition is absolutely dedicated to that course of.

One results of that persistence is our current Salesforce integration.

In chatting with our present and potential enterprise shoppers to establish areas the place the Lition blockchain may improve their enterprise processes, we noticed a necessity for a technique to doc and show the trade of crucial data within the Salesforce lead and gross sales conversion course of. This data can have very massive implications for companies and their shoppers.

We noticed our GDPR compliant blockchain as the right approach to offer these firms with a steady proof of those interactions outdoors of Salesforce’s centralized methods.

This integration is a giant step in the direction of bringing blockchain use instances extra into regular mass market functions, which is Lition’s major goal.

We’re at present in discussions with Salesforce and a few of our companions to arrange the main points for the primary check instances.

The previous few months have been targeted on getting our technical basis strengthened. Our lead blockchain engineer Patrico Mosse offers an replace on the blockchain and IBFT consensus difficulty at 4:56 into the video.

For the reason that time we recognized the problem, varied answer have been built-in. We additionally completely researched and evaluated switching to different consensus mechanisms. Finally, with the assistance of our contacts at Quorum, EEA and different initiatives utilizing the IBFT consensus, we’re assured that we’ve discovered an answer that will probably be strong sufficient to deal with the true world situations that our expertise was designed for.

We not too long ago introduced that Lition has joined the Ethereum Enterprise Alliance (EEA).

Enterprise functions are the core of our enterprise and the EEA has offered us with a useful alternative to trade concepts with different initiatives which have comparable aims. Lition is already in a robust place on this regard, however being united with different initiatives on this one single goal of bringing blockchain to the enterprise world, pushes our total trade ahead.

We’ve additionally not too long ago introduced that Lition joined the EEA EMINENT Job Power to workforce up with Chainlink, Unibright and Anyblock Analytics within the effort to drive innovation and adoption.

Shut contact with these progressive initiatives makes it a lot simpler for everybody to trade crucial information and produce up higher technical options for the advantage of all.

In a single regard we could also be seen as opponents. Nonetheless, we don’t view it that approach. The marketplace for bringing blockchain into the enterprise world is very large. There’s loads of worth to be gained there for everybody and we are able to accomplish extra collectively than any of us may ever accomplish alone.

One other mission that we obtained lots of questions on is the Baseline Protocol. The Baseline Protocol is an initiative led by Ernst & Younger, ConsenSys and Microsoft to make the Ethereum Mainnet secure and efficient for enterprises. Lition helps their method and we imagine it is extremely complementary to what we’re engaged on ourselves.

Lition will not be at present concerned with the Baseline Protocol however we’re following their work carefully and evaluating the place there is likely to be synergies between the 2 initiatives.

Study extra concerning the Baseline Protocol right here.

Lition continues its mission in the direction of turning into the most important inexperienced power supplier in Germany. Lition COO Kyung-Hun Ha offers an replace at 14:42 into the video.

Key takeaways:

  • Many firms within the power trade are confronted with layoffs and pay cuts. Lition is steadily rising and even hiring new folks.
  • Regular development regardless of world financial situations — stable 4-figure variety of new prospects each month.
  • Elevated variety of merchandise in our portfolio is without doubt one of the main causes for achievement.
  • Gasoline as a product already obtainable to pick out companions and will probably be launched for all prospects quickly together with the launch of our new web site.
  • Vitality merchandise for warmth pumps and EV charging stations.
  • Lition will quickly be tapped into the photo voltaic market.
  • Photo voltaic brings Lition full cycle with the decentralized inexperienced power story, permitting prospects to develop into producers themselves, and supply their extra power on our blockchain based mostly power market.
  • Partnerships with properly established firms are one other main cause for present success.

Lition has reached an settlement with RTL media group, and their subsidiary Sparwelt GmbH, on a co-branding and advertising partnership.

Lition brings transparency and sustainability into the at present closed-off German power system. Clear power producers and customers are linked straight on our blockchain based mostly digital power market — with none pointless prices or detours.

Sparwelt and Lition are teaming as much as deliver co-branded power merchandise to German customers. The power merchandise will probably be marketed below Sparwelt’s model, however 100% of the settlement and power associated processes will probably be dealt with by Lition and the Lition Blockchain.

SparEnergie — Powered by Lition

We have now standardized all the things from a technical perspective so we are able to simply roll out this co-branded power answer to different firms as properly.

Replace: view full story and television spot right here.

What’s the progress on the Lition token turning into a cost car for the inner power platform?

We don’t assume Lition as a cost technique is way off and just one authorized hurdle stays. We’re at present evaluating the scenario with the federal government of Lichtenstein to see if an E-Cash license is required in our scenario. As soon as that licensing course of is accomplished, the technical integration gained’t take lengthy in any respect. That is on schedule for Q3.

What number of power prospects do you’ve in the meanwhile?

The expansion of our buyer base may be very promising. As Lition COO Kyung-Hun Ha talked about in his replace, we now have a stable 4-figure variety of new prospects each month. We’re persevering with to see that very same development regardless of the Covid-19 pandemic and ensuing financial situations throughout Germany.

Every buyer acquisition results in 1,000 Euros in annual recurring income so there may be good cash flowing in.

In response to the Forbes article written in June 2019, the objective for Lition Vitality is to achieve 235,000 prospects by the top of 2022. Is Lition on monitor for this?

Sure. We’re absolutely on monitor to achieve this objective, and really a bit bit forward. It seems that folks need digital merchandise and expertise. It seems that folks wish to get electrical energy straight from the producer as an alternative of a intermediary. And it seems that the time is true for inexperienced power.

Lition’s power use case has arrived on the proper time with the suitable product.

The Forbes article being referenced might be discovered right here.

Has the LPS good contract been audited? Is it safe?

Sure. We take safety severely. Our good contracts have been audited by a third occasion.

In Response to Questions on Exchanges and Liquidity

We acknowledge the necessity for extra Liquidity. This difficulty is excessive on our precedence listing however we’ll solely announce one thing as soon as it’s utterly finalized.

When will you launch mainnet 2.0? Is it nonetheless on monitor for Q3?

We anticipate to be there a lot sooner than Q3. We imagine we’re within the closing lap. It’s only a matter of implementing our answer in one of the best and most elegant method attainable.

In Response to Questions on Potential Partnerships

We’re in lots of talks with initiatives in each the blockchain and enterprise areas. As talked about earlier, B2B discussions are delicate. Subsequently, our coverage is to solely speak about partnerships after an official settlement has been reached.

Is Lition working with SAP and Deutsche Telekom on the decentralized COVID-19 monitoring App?

We have been in discussions concerning the Covid-19 monitoring app with Juergen Mueller, govt board member and CTO of SAP. We explored Lition enjoying a task on this mission. We additionally engaged in discussions with politicians.

The Lition answer would have been a legitimate choice. Probably even a greater choice from an information safety perspective. Nonetheless, in the long run, the federal government determined to make use of the out of field answer from Apple and Google, which is already baked into the iOS and Android working system. Subsequently, SAP determined to make use of the identical answer. It’s fairly tough for a startup to compete with Apple and Google.

In Response to Questions on Safety Token Choices (STO)

Safety Token Choices are nonetheless related however we’ve wanted to prioritize different areas with a purpose to concentrate on our expertise and reap the benefits of enterprise adoption alternatives, which is the core focus of Lition.

We’ll proceed to watch the STO panorama and nonetheless have ongoing discussions with 2 potential STO companions.

Over the past couple of months Lition has been heads down into fixing our technical issues. The problems have been recognized and now it’s only a matter of implementing our answer in one of the best method attainable.

These technical points have given us the capability to take a step again and get again into enterprise growth, again into enterprise growth, and again into discovering new use instances. Lition was in a difficult place three months in the past and we’ve managed to show that setback into a major alternative by reinventing ourselves.

We want to thank everybody for his or her curiosity and help as a result of it’s a very sturdy motivator for the workforce. We’re grateful that Lition, in addition to our group, continues to develop and acquire energy, even in these difficult Covid-19 occasions. We hope all of you might be preserving secure and wholesome.

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