LTO Network

LTO Network operates as a hybrid blockchain platform focused on providing solutions for businesses and governments. The company was co-founded by Rick Schmitz, Martijn Broersma, and Arnold Daniels in 2014, with the mainnet launching in January 2019. Rick Schmitz, the CEO, has a background in corporate and tax law, having worked at PwC and Deloitte, which provides the company with a strong foundation for navigating legal and regulatory landscapes. The initial focus was on creating verifiable digital processes and securing business data through a private blockchain layer, while leveraging a public layer for anchoring and security.

The firm's business model targets business-to-business (B2B) and business-to-government (B2G) sectors. It generates revenue through transaction fees paid by organizations utilizing its network to anchor data, verify documents, and automate processes. Clients include governments and enterprises that require secure, auditable, and GDPR-compliant data handling. The hybrid architecture is a key differentiator; it combines a private layer for data sharing and process automation with a public layer for securing those transactions. This two-layer approach ensures that sensitive data remains private while its integrity is publicly verifiable, addressing major enterprise adoption barriers for blockchain technology.

Significant developments include the COBALT mainnet update, which introduced Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs). This expansion allows the platform to support digital identity solutions, a critical component for Know Your Customer (KYC) processes and secure online interactions. Another notable feature is NFT2.0 technology, which aims to give digital assets ownership and utility by linking them to real-world assets and data. The platform has been involved in projects with organizations like the United Nations, demonstrating its capability in real-world applications for land registry and supply chain management. By focusing on tangible use cases and regulatory compliance, LTO Network positions itself as a bridge between the decentralized technology space and established enterprise systems.

Keywords: hybrid blockchain, enterprise solutions, decentralized identifiers, verifiable credentials, data anchoring, process automation, GDPR compliance, B2B blockchain, digital identity, asset tokenization