LTO Network

by Legal Things

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Penta

by Penta Global Foundation PTE.LTD

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ChainLink

by SmartContract

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LTO Network

by Legal Things

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Penta

by Penta Global Foundation PTE.LTD

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ChainLink

by SmartContract

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What problem does this service solve?

LTO Network's goal is to use blockchain to add efficiency and automation to organizational workflows.Penta does not appear to solve any problems better than existing blockchain platforms.ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up.

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Company Description

The LTO Network is a blockchain platform designed to automate workflows and collaboration between organizations. The company places an emphasis on ensuring regulatory compliance. Their network has a hybrid architecture that combines elements of private and public blockchains.

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.

ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware.

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