Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition's live P2P trading use case, and co-innovated with SAP. Lition, in co-innovation with SAP, is a foundation that develops the next generation blockchain infrastructure designed for businesses to bring blockchain applications from their currently predominant Proof-of-Concept stage into commercial products with mass-market adoption in a legally compliant way. Our infrastructure is the only scalable public-private blockchain with deletable data features. SAP, a company with >400.000 customers and the power of >10.000 developers, is developing the decentral ledger and smart contract layer, with Lition providing the open consensus layer.
Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. This state of the art protocol enables blockchain-based applications to step out of their current niche into commercial mainstream deployment.
Blockchain development is co-innovated with SAP, whose chief innovation officer Dr. Jürgen Müller is also Lition’s advisor. SAP, a company with >400mn users and >10.000 developers, is developing the decentral ledger and smart contract layer, and Lition is providing the open consensus layer. Lition will run the public mainnet using Lition tokens issued in an ICO for transaction execution, staking and sidechain creation.
Lition is well positioned to design a blockchain infrastructure for business use, as it launched the world’s first P2P energy trading dApp that is commercially live in a mass market with real revenues and real customers in over 10 cities.
Next to this already-existing P2P trading dApp, there are many more use cases with initial implementations in the green energy space, with potential to disrupt the finance sector and beyond. Furthermore, SAP can easily implement this blockchain into their existing customer base of >400.000 making them immediately ready for blockchain use cases. It is therefore well positioned to be the standard mainnet for business applications.
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Co-Founder and CFO at CryptoDiffer | Investor| Marketing Specialist| Senior Analyst at Venture Fund Rated on Feb 22, 2019
5
5
5
21%
I like the idea of the project and the fact that it has real use cases. They have partnerships with companies from the real sector. Moreover, it is worth to mention their partnership with SAP (a German-based European multinational software corporation that makes enterprise software to manage business operations and customer relations).
The team is solid and experienced. The tokenomics looks good and reasonable. The hardcap is only $8m and they have already raised $2m on the private/seed round.
Advisor | Consultant | PR and Communications | Data Analyst Rated on Apr 17, 2019 Modified on Jun 18, 2019
5
5
5
13%
A strong team led by an experienced and passionate leaders (Lohwasser and Ha) who left their comfortable executive jobs with a desire to have a strong impact in the green energy sector.
It seems what started as an idea for a p2p marketplace for green energy has grown bigger as it is now developing dapp solutions for commercial products.
The team is efficient and skillful, with MVPs to show for it (i.e, p2p energy trading dapp and syndicated bank loan dapp).
Overall, one of the best projects out there to look out for, especially considering the small size in comparison to other hyper-inflated projects.
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Company incorporated;
Initial Fundraising;
Licensing process for electricity supplier initiated'
Alpha version of app;
First partnership initiated.
2
Q1 2018
License as an electricity supplier obtained in Germany;
Beta version of P2P energy trading app;
First green power plants connected to Lition Energy Exchange;
First employees on board (4 internal and 6 external).
3
Q2 2018
Mass market ready (>41 million households);
Scaling up connected green power plants to 18 GWh in Germany;
Smart reader integration;
Business requirements for blockchain specified;
Design of blockchain architecture;
Technical advisory SAP.
4
Q3 2018
Use case for P2P applied for energy retailing piloted;
Leading energy partners on board;
25 people at Lition;
Office in Beijing opened;
Technical WP released;
Blockchain prototype;
Development with SAP started.
5
Q4 2018
Seed funding round completed;
Commercial expansion of P2P Energy trading use case;
Support of German Blockchain Law makers enabling STOs in Lition Blockchain.
6
Q1-Q2 2019
Testnet 1.0 public release ;
P2P expansion to large industrial clients;
Smart grid use case launch;
Energy-data driven use case launch;
1st use case migrated;
Testnet 1.0 public release;
dApp Partners onboarded;
Team Scale-Up.
7
Q3-Q4 2019
Growth of partner network within energy sector;
First pilots of regulated industries outside energy;
Mainnet 1.0 public release;
Testnet update;
Large-scale user migration.
8
2020
Large-scale marketing for ecosystem;
Worldwide commercial, large-scale use cases of industries
outside of energy (healthcare, finance);
Mainnet 2.0 public release with full set features.
