LALA World (LALA)

What is LALA World

Reduces settlement time: Payments and remittance settlement can happen rapidly allowing people to access their capital when they need it.Time and cost efficiencies could support large amounts of small transactions or micro transactions within a trusted network. “Trusted” Third Party Elimination: Storing transactions in an automatically shared, tamperproof database could eliminate the need for complicated procedures and clearing houses and ensure that banks have their records in sync. Eliminates Error Handling: Provides real time tracking of transactions in a decentralized manner with no double spending or transaction. Support smart transactions: Blockchain supports smart contracts , transactions that include multiple assets, transactions that include multiple parties and two-way transactions. This will allow the unbanked not only access to bank accounts but access to global capital markets as well by providing all type of value transfers. Cost Reduction: Blockchain can cut operational costs which banks are targeting, giving real benefits while reaching out to the real customers and not just bank accounts. Secure Transaction Ledger Database: Secure transaction ledger database which is shared in an established, distributed network.