Dutch blockchain, LTO Network, and DeXe DAO announced a joint initiative today to support R&D matters that explore using both project's technologies to achieve a closer relationship between on-chain activity and assets in business and legal entities.
LTO Network's unique hybrid-blockchain offers identity data as well as advanced classes of digital assets in a privacy-aware platform that is GDPR compliant.
DeXe DAO and LTO Network plan to explore how DeXe DAO can utilize these capabilities to enhance the ability for real-world assets to be utilized by Web3 and blockchain-based applications.
"The true value of blockchain is making the real world more secure and more valuable. We believe that legal entities and smart contracts have plenty of opportunities to interact with each other in a meaningful way. I feel that DeXe's upcoming DAO opens up possibilities for LTO Network to bring new solutions to the blockchain world." - Rick Schmitz (CEO, LTO Network).
"Partnering with LTO Network allows DeXe DAO to bridge real-world assets to the blockchain. The partnership's goal is to integrate traditional business with Web3. In collaboration with LTO Network, we aim to enhance asset security, transparency, and accessibility, underscoring the significance of blockchain in asset management." - Dmytro Kotliarov (Core Contributor at DeXe DAO Protocol).
About LTO Network.
LTO Network is Europe’s most advanced blockchain — fully decentralized and highly efficient. It is already being used worldwide by businesses, governments, institutions like the UN, the Dutch government, and more.
The network offers several technologies to provide solutions for decentralized data security, digital identities, privacy, and the ownership of digital assets and digital collectibles.
The DeXe Protocol allows people to create and govern DAOs in a meritocratic way, with proper incentive alignment and wide flexibility. It’s designed to help DAOs grow fast and sustainably, with active and useful participation of members and an emphasis on expertise. The DeXe Protocol is governed by the DeXe DAO.