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[PRESS RELEASE – AMSTERDAM – October 29, 2021]
LTO Community at the moment introduced the completion of its Cobalt Replace and that it has been accepted in a node vote. Cobalt, LTO Community’s greatest replace but, brings decentralized identifiers and verifiable credentials to the corporate. This may act because the lacking hyperlink between cryptocurrency and the true world.
LTO Community is a number one European blockchain-focused primarily on B2B enterprise options. The Cobalt Replace, which highlights LTO Community as an id platform, implements a lot of the options from its 2021 Roadmap and establishes LTO as a worldwide resolution, setting the corporate on its course towards changing into a sequence.
“Our new resolution is the layer that binds conventional monetary and enterprise fashions to the crypto world,” stated the Architect of LTO Community, Arnold Daniels, “This may fulfill the wants of people, governments, regulatory our bodies and companies, whereas on the similar time offering credibility and advantages to the blockchain world. As well as, Decentralized Identities and Verifiable Credentials are on the horizon. It’s time to widen the scope and provide our providers to all the world of blockchain.”
A singular function of LTO Community is its hybrid strategy. Privateness-sensitive data may be despatched peer-to-peer, whereas consensus is at all times achieved by the general public node. This permits for privacy-aware DApps and is significant the place delicate data is shared between particular events and never with a complete community.
“Cobalt bridges your crypto id and real-world id in a method that offers you management over your privateness,” stated the CEO of LTO Community, Rick Schmitz. “It’s the subsequent step in on-line privateness administration.”
Schmitz continued, “LTO Community is devoted to providing each social gathering, large or small, the instruments to make all of it occur. We convey expertise and experience to securing knowledge, breaking the information silo drawback, bringing DIDs and VCs with networks of belief into DeFi or NFTs, and creating new, distinctive merchandise. LTO Community has solely simply begun.”
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