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LTO Network

ICO

LTO Network is a blockchain platform for creating decentralized workflow applications, while maintaining data privacy and GDPR compliance.

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Overview

Project industryBlockchain Infrastructure
Product typePlatform
WhitepaperLTO Network White Paper Open

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Legal

Blockchain Platform: Ethereum

Token info

Ticker: LTO
Type: Utility-token
Accepted currencies: ETH

LTO Network Roadmap

1
May 2014

Started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company FIRM24.com, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems.

2
May 2015

We released the first version of the LegalThings platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing.

3
Jan 2016

For FIRM24 we had created software to run the procedures behind an incorporation. Other customers were also interested in these digitized procedures. We did a small pivot, now focusing on digitizing the contracts as finite state machine, rather than just signing.

4
Sep 2016

We have explored different methods of providing proof of signed documents. While other parties relied on trust and certifications, we wanted a better solution. We started using the blockchain for proof of existence.

5
May 2017

We experimented with Ethereum Smart Contracts and found out that it could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts.
Instead, we found a much better solution in using our FSM in combination with the blockchain.

6
Sep 2017

During the blockchain hackaton organized by the Dutch ministry of Justice and Security, we demonstrated that a whole law can be digitized as a FSM and stored on the blockchain. This won us the first prize in the event which included the assignment to create the first digitized Dutch law on the blockchain.

7
6 Dec 2017

Our token pre-sale starts on the 6th of December. For 24 hours, the pre-sale is open only for members. You can register to be whitelisted and participate in this members-only pre-sale. After the whitelist pre-sale, we'll continue with a public pre-sale.

8
Dec 2017

We'll launch the LegalThings One platform as beta. All token holders will be able to use the platform. New content, like (live) model contracts will be added in the coming months.

9
Q2 2018

All tokens represent the full capacity of the LegalThings One platform. During this sale we'll sell licenses (represented by LTO tokens) for the platform.

10
Q4 2018

We'll publish the Live Contract syntax as open standards under the CC-BY-SA license. Software to run Live Contracts will be available under the MIT license. This will allow third-parties to to create and run Live Contracts without relying on LegalThings One.

11
2019

To set precedence of the legality of data stored on the blockchain, we'll initiate trials in several countries. The following countries are candidates for these trials: United Kingdom, United States, India, Russia and the Netherlands.

Project team

Rick Schmitz
Rick Schmitz
CEO
Rick Schmitz linkedin
Arnold Daniels
Arnold Daniels
Lead Architect
Arnold Daniels linkedin
Martijn Migchelsen
Martijn Migchelsen
CFO & COO
Martijn Migchelsen linkedin
Sven Stam
Sven Stam
CTO
Sven Stam linkedin
Martijn Broersma
Martijn Broersma
VP Operations
Martijn Broersma linkedin
Ivan Golovko
Ivan Golovko
Strategy & Investor Relations
Ivan Golovko linkedin
Moesjarraf Jahangier
Moesjarraf Jahangier
Senior Backend Developer
Moesjarraf Jahangier linkedin
Yevhen Horbachov
Yevhen Horbachov
Lead Frontend Developer
Yevhen Horbachov linkedin
Mitchel Kerckhaert
Mitchel Kerckhaert
Developer
Mitchel Kerckhaert linkedin
Jurre Wolsink
Jurre Wolsink
Developer
Jurre Wolsink linkedin
Diederick Cardon
Diederick Cardon
Head of Legal
Diederick Cardon linkedin
Rick Ros
Rick Ros
Head of Sales
Rick Ros linkedin
Benjamin Roeloffs Valk
Benjamin Roeloffs Valk
Designer & Marketeer
Benjamin Roeloffs Valk linkedin
Michael Nieveld
Michael Nieveld
Legal & Tax
Michael Nieveld linkedin
Maurits Wismeijer
Maurits Wismeijer
Legal

Social media

LTO Network web-siteLTO Network MediumLTO NetworkYouTubeLTO Network TelegramLTO Network TwitterLTO Network Github

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