DREP Partners with LTO to Enable DEFi Ecosystems Between EU and Asia Through Decentralized Identities

We are excited to announce our partnership with LTO Network, a hybrid blockchain platform for securing, verifying and exchanging business critical information. Combining private chains and a public Leased-Proof-of-Stake blockchain, the LTO Network enables General Data Protection Regulation (“GDPR”) compliant blockchain solutions.

Through the partnership, DREP will cooperate with LTO Network to build a GDPR compliant decentralized identities platform. The new platform will be connected with DREP DID and DREP Reputation Protocol to work together utilizing each other’s strength to expand the reach and possibilities not just in tech but also in the general business developments.

Through our Partnership with Landream, a leading Australian property developer with a project pipeline of over $3 billion, we will be using DREP’s DeFi applications to support their real Estate Acquisition in Australia. LTO Network, one of the most used blockchain in the world, will create a dedicated decentralized identities platform that is GDPR compliant optimizing the KYC/AML and verification processes for various businesses and entities. The platform will leverage zero-knowledge proof functionality to verify that party A can learn something specific about party B without revealing all of party B’s underlying data, limiting what is exposed while maintaining the entirety of on-chain information.

Quote from LTO CEO:

Quote from DREP CEO:

About LTO Network

The LTO Network team is on a mission to create and maintain a fully decentralized and highly efficient blockchain infrastructure, directly applicable and aimed at creating value for organizations.

LTO Network can be used by any company with a need for a production-ready blockchain that allows for digital verification of digital assets and enabling collaboration through the use of decentralized workflows. For more information, visit www.ltonetwork.com.

About DREP

Foundation DREP is committed to building “connectors’’ and “toolkits” based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration. Based on DREP Chain, DREP ID and DREP SDK, DApp R&D teams are able to release multi-public-chain asset versions, built-in wallets and asset trading platforms with one-click. For more information, visit https://www.drep.org.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store