LOYAKK VEGA ENTEPRPRISE RELATIONSHIP PLATFORM - Business Overview - O244
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LOYAKK VEGA
ENTEPRPRISE RELATIONSHIP PLATFORM
WITH TOKENIZED DATA CONTAINER FOR SECURE BUSINESS
INTERACTIONS AND TRANSACTIONS
Business Overview
Loyakk Vega Enterprise Relationship Platform – Business Overview
DISCLAIMER
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Loyakk Vega Enterprise Relationship Platform – Business Overview
Table of Contents
The Motivation ................................................................................................ 4
The Platform .................................................................................................... 6
The Token ........................................................................................................ 9
The Application ............................................................................................... 10
Market Opportunity ....................................................................................... 13
Solution Expansion …...................................................................................... 14
The Business Networks …............................................................................... 15
The Transformative Impact ............................................................................. 20
Roadmap …....................................................................................................... 22
The Team .................................................................................................................... 23
Additional Considerations ..................................................................................... 28
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Loyakk Vega Enterprise Relationship Platform – Business Overview
The Motivation
Building The Next Generation Enterprise Business Networks To Enable Businesses To
Collaborate & Thrive In The Decentralized Economy
The output of each business is a component of and contributor to an overall value chain.
Whether it is refineries producing oil that ultimately becomes jetfuel or it is a services
company building software that helps find oil, each business is a part of the overall fuel
supply chain in the world. The economic benefit derived by a business depends on its
ability to collaborate with others in the value chain and the overall size of the market. In
reality, these value chains are not linear and include simultaneous contributions from
multiple members of the value chain.
Loyakk's mission is to transform how businesses create and deliver value in the new
decentralized economy with their globally distributed network of partners, channels,
distributors and vendors. Businesses today face multiple challenges related to data
security and privacy, data reconciliation, contract disputes, inefficient processes and
limited governance within their business networks leading to billions of dollars lost
annually due to increased costs and lost revenues. Zdnet estimates the cost of data leaks
to the global economy to be $2 Trillion USD by 20191.
Loyakk is addressing these business challenges through our patent-pending blockchain-
enabled Vega Enterprise Relationship Platform. Loyakk Vega is an enterprise-grade
platform that is being designed specifically for secure business-to-business engagement. It
leverages patent-pending blockchain technology to support permissioned sharing of data,
standardized communication interfaces, accelerated movement of value based on smart
contracts and consistent propagation of business rules & security policies - leading to
greatly improved security, efficiency & distributed governance across any business
network.
The Vega Enterprise Relationship Platform will enable exchange of data, business context
and value in a secure, permissioned, verifiable and immutable manner. Enterprises can
share sales and deal data, actionable intelligence, leverage and drive automated
processes via smart contracts and do business with anyone across the world as long as
they create value for the end customer.
1https://www.zdnet.com/article/data-breaches-to-cost-2-trillion-by-2019/
4
Loyakk Vega Enterprise Relationship Platform – Business Overview
Loyakk is building the blockchain-enabled Vega Enterprise Relationship Platform to enable
enterprises to connect, interact and exchange data and value with their various partners
and customers in their business network. We will power Business Networks where data,
information and value are exchanged based on complex business contexts, distributed
relationship structures and legal agreements.
'Blockchain-powered business networks is a very compelling notion when you
consider the needs of business to streamline & secure interactions across the
business partner network. Loyakk's vision and platform to create decentralized Value
Webs holds much potential.” Anthony Thomas, Global CIO, Nissan Motors
“By reimagining how business interact and move data and value between
organizations, blockchain has the potential to disrupt the broader business
application space. Loyakk has the required technical and business management
expertise and the enterprise software DNA to deliver on this audacious goal of
building enterprise value webs.” Jonathan Becher, Chief Digital Officer of SAP and
Investor in Loyakk.
“Enterprise Applications have been left untouched thus far by the power and
potential of blockchain, which is ironic given the billions in value that move between
enterprises each day. Loyakk’s vision to bring together secure data
movement coupled with much more tightly connected ecosystem value chains is
a very compelling vision, and holds the potential for rewriting the rules of enterprise
software.” Patricia Hatter, ex-CIO, McAfee.
Loyakk’s customers include global brands such as SAP, Abbott Labs, Novartis, Infosys and
Mphasis. These companies use the current Loyakk Vega platform to manage high-value
relationships with their customers and partners in a unified and high-touch manner, and
are providing valuable input and insights into the function and impact of blockchain
technology on distributed & decentralized business networks. This knowledge and
requirements are key in defining our vision, strategy and roadmap for the blockchain-
enabled Vega Enterprise Relationship Platform. We will continue to work with our
customers to evolve our blockchain platform and solution strategy.
Loyakk is run by a blue-chip team with a potent mix of enterprise software DNA and
technical capabilities spanning business applications and blockchain. The team has filed
Blockchain Patents, worked on Hyperledger Fabric and Quorum based applications, built
Stock Option Trading Systems at ETrade, and High-Frequency Trading Platforms at CMT
and Pension. The business leadership has led the creation of multi-billion dollar solutions,
and orchestrated global marketing efforts at SAP, Oracle-Siebel & VMware.
5
Loyakk Vega Enterprise Relationship Platform – Business Overview
The Platform
The Loyakk Vega Enterprise Relationship Platform will leverage patent-pending nested-
blockchain architecture and a proprietary consensus mechanism to create Tokenized
Data Containers which will allow sharing and movement of data and value between
business network participants based on identity, relationship and business rules.
Vega will thus deliver key features that are the foundation of value-webs. These are as
follows:
u Secure Information Exchange – In a Loyakk-powered Business Network, information
is value. Building operations around an business network begins by ensuring all
users get access to the right (shared) data and ensuring that this data is verifiable,
permissoned and immutable.
u Workflows – Data moves at times manually and at times programmatically.
Regardless of what initiates data movement (across organizations and blockchains),
it needs to be controlled and be auditable. For this purpose, Vega supports data
workflows between all business network applications across the blockchain. These
data workflows are aligned with business processes; the right information is
securely shared based on relationship contexts, legal agreements and applicable
business rules. Individual parties can control and track access to their proprietary
data or content.
u Relationship Management - Relationships are the cornerstone of any business
ecosystem. In value-webs relationships are dynamic and relative. Vega’s
relationship management capabilities enable enterprises to create and manage
relationships amongst participants of the value-web with a goal of maximizing the
output of the ecosystem.
6
Loyakk Vega Enterprise Relationship Platform – Business Overview
The Loyakk Vega Platform transforms Business Network
Interactions and Sharing of Critical Data & Value
Billions of interactions that happen
T each day are distributed across
H email & archaic systems, and are:
E
- Unsecure
P - Chaotic
A - Difficult to track across
S company boundaries
T
T Vega Enterprise Relationship
H Platform enables creation of
E Business Networks that are:
F - Partitioned
U - Completely Secure
T - Auditable
U - Uses Tokenized Data
R Containers for moving data
E and transactions
The Loyakk Token enables Permissioning, Standardization and Propagation of Data,
Value & Rules across the Business Network. The function of the Loyakk Token is
described in the Token section of this document, and also in the Tokenomics
document.
7Loyakk Vega Enterprise Relationship Platform – Business Overview
The BIG Picture
The Loyakk Vega Platform enables Business Networks
with Flexible Blockchain Zones
Businesses will be part of The Loyakk Token is essential
multiple Business Networks for all inter-company
powered by Loyakk interactions across Value Webs
Note: all flexible blockchain zones shown above are hypothetical models used for illustration only.
For more details on the foundational Blockchain aspects of the Loyakk Vega Platform, please
refer to the Solution Architecture Overview available on the Loyakk Website:
http://www.loyakk.io
8Loyakk Vega Enterprise Relationship Platform – Business Overview
The Token
All parties using the Loyakk Vega platform require the Loyakk Data Token to interact &
transact within the Loyakk-powered Business Network. The Loyakk token is a carrier of data
along with the rule and permissions that control access and propagation – beyond company
boundaries. It enables Permissioning, Propagation and Provenance of Data, Value & Rules
across the Business Network, as described below:
Permissioning - The Loyakk token carries the permissioning rules that set the appropriate
visibility and access control rules for the network – be it at individual, team, organization or
across companies. The Loyakk token thus ensures that confidential data is accessed by only
authorized parties.
Propagation - The Loyakk token propagates network-specific data, governance rules and
policies that control how the data is used and propagated and updated based on identity,
relationship, location, segments and user behavior. This ensures that business is conducted in
adherence with the rules of the Business Network.
Provenance – This dimension enables single source of truth for all data protected by the
Loyakk Token. Full provenance and auditability will be made possible via this capability, and
the data can now be tracked across company boundaries with full provenance and audit trail.
The Loyakk token also specifies the common interface, standard formats and the rules for data
interchange and interoperability so multiple parties can interact and transact seamlessly with
each other.
The Loyakk Token details are further described in the ‘Tokenomics’ section and document
available on the Loyakk Website: http://www.loyakk.io
9Loyakk Vega Enterprise Relationship Platform – Business Overview
The Application
The Loyakk Vega Enterprise Relationship Platform’s Application Layer includes a set of
application modules that enable an enterprise to manage relationships across its
business network.
The Vega Applications use Loyakk tokens to enable secure exchange of data, rules, and
value within the business network. The platform leverages patent-pending nested-
blockchain architecture to validate transactions and move data and value between
ecosystem participants based on identity, relationship and business rules. Following are
some of the key capabilities of the Loyakk Vega Enterprise Relationship Management
Application:
Partner Management Module
Enterprises collaborate with Partners to meet new demands from customers. The
partner management module enables granular sharing of critical deal, market and
solution data, co-selling, revenue-sharing and partnering on delivery services delivered
over a set of workflows that are unique to the partner management. The partner
management module is thus a foundational component on which value-webs are built.
10Loyakk Vega Enterprise Relationship Platform – Business Overview
Channel Acceleration Module
With the channel engagement application module, enterprises can enable, engage and
empower channel partners to sell faster, service customers better and execute on
channel strategies in a unified and consistent manner. With channel relationships
executing around the blockchain-enabled Loyakk Vega platform, businesses and their
channel partners will be able to share relevant customer data & insights, execute smart
contracts, manage deal registrations, run loyalty programs, and manage channel
relationship with greater efficiency and effectiveness.
Vendor Management Module
Multiparty vendor relationships are core to value-webs. The vendor management
module enables enterprises to manage their relationships across all vendors in a unified
and consistent manner and enable dedicated experience based on predefined
engagement templates, policies, locations, product and service agreements.
Customer Engagement Module
Regardless of the specific entity customers are transacting, so long as the entity is a
part of a value web, Loyakk's customer engagement application ensures enterprises
are to deliver unified, personalized, experiences on to customers based on their profile,
location, behavior and relationship attributes. More importantly this delivery will be
consistent and compliant with rules as required (business, legal etc.).
Distribution Management Module
Enterprises in distribution-intensive businesses need to work with multiple stakeholders
including suppliers, inbound and outbound transportation, customs, packers, insurance
and financial institutions. The Loyakk Vega platform enables them to share contracts,
place orders, manage deliveries & stock movement, invoices, payments, letters of
credit etc. within a common blockchain ledger. With data verifiability, immutability and
provenance tracked at every point of the supply chain， this module is valuable for
industries like food, pharma, industrial products where counterfeiting is a real problem.
11Loyakk Vega Enterprise Relationship Platform – Business Overview
Common Platform Components
These services span the range of core components that drive day-to-day interactions
and will be leveraged by Customer, Channel, Partner, Distributor and Vendor modules:
u Content Publishing – Enabling users to publish and manage any type of content
(rom multiple sources. Content access is permissioned and thus controlled.
u Conversations – The Loyakk Vega platform enables secure unstructured
conversation modalities to suit interaction needs such as sharing time-sensitive
customer escalation, confidential deal data and critical business performance
metrics with customers and partners in the ecosystem.
u Analytics – All the data within the Value Web can be tracked with provenance,
analyzed and reported. Given the high quality of the data, analytical conclusions
drawn will be accurate and relevant.
u Unified User Experience - The Loyakk Vega platform has been architected to
deliver unified, hyper-personalized relationship experiences to multiple ecosystem
segments based on user profile, relationship, location, behavior etc.
12Loyakk Vega Enterprise Relationship Platform – Business Overview
Market Opportunity
ERP $85B
CRM $27B
5% $9.2B
Spending on
SCM $19B
Enterprise Applications
on Blockchain
CBR $49B
(collaboration)
Blockchain Disruption
with Enterprise
Relationship Platform
The size of the Loyakk Market Opportunity can also be validated by the Gartner
finding that “the business value-add of Blockchain will grow to more than $176
billion by 2025”
$176 billion $9.2B
Loyakk Market
Opportunity
13Loyakk Vega Enterprise Relationship Platform – Business Overview
Solution Expansion
Revenue model for Loyakk includes Platform Licensing and Usage of LYK Tokens for each
and every interaction. Here is the broader framework and approach for extending our
solution footprint and expanding revenue footprint.
1. Platform Licensing 0
Blockchain Platform 1
license + LYK token 0 2. Industry Solution Build
essential to invoke any 2 Rollout Industry-specific
interaction or transaction Blockchain Packages for Hi-
within Network Tech, Manufacturing, Insurance,
and Life Sciences
4. Developer Program
Power APIs for 3rd Party
Blockchain Applications 3. Services Partner GTM
to be build on VEGA. Enable key Services
Partners to deploy focused
0 Industry Solutions
4
0
3
Platform Licensing
As a component of the Loyakk solution expansion and revenue capture model, the platform
will be licensed by enterprises. As larger enterprises license the platform and are on
boarded, they will have to deploy tokens to initiate any interaction or transaction within the
platform.
Token Acquisition
As Enterprise clients are on-boarded and the volume of transactions grow, the need for the
LYK Utility token is expected to grow. Larger enterprise customers whose purchasing
departments prefer to buy tokens directly Loyakk rather than channel partners or
exchanges, would engage Loyakk to buy Tokens on their behalf. Loyakk may acquire Tokens
from the exchange via a Token Acquisition program on behalf of larger enterprise
customers.
Additional details on the Loyakk team are documented in the Tokenomics section and
document on loyakk.io.
14Loyakk Vega Enterprise Relationship Platform – Business Overview
The Business Networks
Loyakk’s Vega platform creates an ‘Uber Layer’ on top of applications deployed on the
platform This gives rise to company-centric Business Networks. These will be industry
specific - High-tech, Insurance, Wealth Management and Life Sciences & Healthcare etc.
Loyakk will collaborate with domain-specialist partners to define and execute on
relevant industry solution roadmaps and go-to-market plans.
High-Tech Industry Business Network Use Case (B2B)
Enterprises will enable Hi-Tech businesses to rethink their High Value relationships
across their business networks. By bringing partners, contractors, resellers and other
sales agents into the sales cycle, businesses will be able to transform how they engage
across their global ecosystem.
A software vendor, for example can utilize Vega for the entire RFP to proposal to
contract to project execution and payment lifecycle. The vendor can securely share
confidential and selected customer and deal information with specific partners spread
out anywhere across the globe.
15Loyakk Vega Enterprise Relationship Platform – Business Overview
Members of this value-web can co-create proposals by sourcing and assembling proprietary and
confidential information and content from multiple partners / sources. If and when the contract
is awarded to the software vendor (or consortium), the vendor can then engage participating
partners via smart contracts as applicable. Project information, activities and results can be
recorded on the blockchain for verification, provenance of project tasks can avoid potential
project issues, while smart contracts taking care of enforcing the rules for engagement and
payments.
Insurance Industry Use Case
A distributed value web powered by Vega can enable the insurer and various third parties to
easily and instantly access and update relevant information (e.g., claim forms, evidence, adjustor
reports, police reports etc.) and efficiently execute their roles via pre-established smart
contracts. With Vega's ability to provide a shared data repository / ledger across multiple
trusted parties in the value web, Insurers can independently verify the authenticity of customers,
policy contracts and increase the velocity of the quote and policy issuance while reducing or
eliminating errors. New data feeds can combine location, 3rd party risk data and analytics to
improve the risk selection process and help in product innovation.
16Loyakk Vega Enterprise Relationship Platform – Business Overview
Wealth Management Industry Use Case
The Use Case below illustrates how a Wealth Management Firm will be able to deliver
groundbreaking relationship experience to it's most valuable customers. Working across the
customer's lifestyle and bringing in new services and partners, Financial Service firms will be
able to delight the customer while delivering services that are uniquely tailored to the
customer.
In the use case above, an High Net Worth (HNW) client buys expensive Jewelry from a
retail outlet. The retail outlet does an instant credit check, approves the client and makes
the sale. The financial advisor is notified about the transactions and alerted that the
client’s portfolio’s allocation has changed vis-à-vis the client’s risk profile and the model.
The Portfolio manager makes the necessary investment decisions to rebalance the
portfolio and notifies the client.
17Loyakk Vega Enterprise Relationship Platform – Business Overview
Further, client, product and risk information are selectively shared with the insurance
company that generates a quote. Once the quote is accepted, a smart contract is
established with the client’s insurance company to issue the insurance policy with relevant
coverages for the newly purchased jewelry. Smart contracts also take care of the advisory
fee payments and the fees for the using the models. Vega also ensures that each entity
sees only relevant / permissible information while delivering a high-touch, personalized
experience for the end client. Identity and relationship templates ensure personalized,
high-touch interactions and engagement between all parties.
Life Sciences Health Care (LSHC) Use Case
Multiple parties – patients, providers, payers, and pharma companies - in Life Sciences &
Health Care (LSHC) industry have to securely and seamless share data to deliver greater
value and care to their patients. While this is a crucial need, lack of viable relationship
solutions are resulting in significant challenges in the areas such as patient trust and
industry collaboration amongst provider networks and health information exchanges.
18Loyakk Vega Enterprise Relationship Platform – Business Overview
With Loyakk Vega’s Business Network for LSHC, providers and participants in the business
network will be able to access selective partitioned data related to the patient’s medical
record. The patient will be play a key role by controlling / permissioning the data shared
with the entities in the ecosystem.
The Loyakk Vega Platform can also impact Clinical Trials by providing the ability for
collaboration across the Value Web of stakeholders such as institutions, sponsors, and
regulators. The Loyakk Vega platform will also provide visibility and end-to-end
traceability (and verifiability by regulators) as drugs move through the supply chain and,
intermediaries validate receipt and provide updates on status.
19Loyakk Vega Enterprise Relationship Platform – Business Overview
The Transformative Impact Of Business Networks With Loyakk
Enhanced Business Network Collaboration & Relationships
Vega's shared data, smart contracts, and automated processes connect and enable all
members to get on the same page, contextually engage with each other, accelerate revenue
generation, reduce transaction times, decrease processing costs and improve overall
experience and satisfaction for customers and all ecosystem members alike.
Smart, Innovative Business Models
Vega's value-based relationship structures, intelligent processes, personalized, multi-channel
experience delivery and revenue-sharing dynamics will power smart, innovative,
decentralized, scalable business models. Enterprises can expand their ecosystem, forge new
relationships and drive increasingly sophisticated interactions and transactions on the
blockchain. This in turn will enable these ecosystems to continue to achieve greater levels of
autonomy and ultimately evolving into self-governing, cognitive business networks.
Revenue Transformation with Efficient Value Movement
Vega accelerates large and complex deals across multiple participants of a value-based
ecosystem by automating contract management (deals, pricing, offers, discounts,
performance criteria & contract fulfillment). Asset movement across the ecosystem then
becomes accretive and not dilutive. E.g.: vendors and channel will be paid on time and
accurately and with better line-of-sight to revenue across the ecosystem. Processing times
and costs are greatly reduced and overall execution and profitability is vastly improved.
20Loyakk Vega Enterprise Relationship Platform – Business Overview
The Loyakk VEGA Partner Network
Loyakk will build a network of development partners with whom we may jointly develop
specialized solutions for industry-specific business networks and also enable developers
to build specialized solutions that will augment the Vega Platform & Applications and
give our customers added value and choice.
The foundational Patent-Pending Blockchain aspects of the Loyakk Vega Platform are
described in Solution Architecture Overview document available on the Loyakk
Website: http://www.loyakk.io
21Loyakk Vega Enterprise Relationship Platform – Business Overview
The Loyakk VEGA Roadmap
Roadmap is subject to change. Significant changes to the timeline will be reflected on www.Loyakk.io from time-to-time
22Loyakk Vega Enterprise Relationship Platform – Business Overview The Team Salim Ali, CEO & Co-founder Salim has led creation of multiple products and programs targeting enterprise customers. As Global Vice President at SAP, Salim conceived & scaled multiple new business with revenue KPIs of $1.2B, and jumpstarted SAP’s Digital Business. Salim's experience spans product management and engineering across Veritas, Tibco and Openvision. Salim is a frequent speaker on Blockchain and it's impact on Enterprises, and has been instrumental in defining Loyakk’s Blockchain-anchored Value Web framework and the resulting business solutions. Salim has MBA from The Kellogg School at Northwestern, and an MS in Computer Science. Salim can be reached at salim.ali@loyakk.com Jitu Telang , CTO & Co-founder Jitu has significant experience building large scale realtime response and data mining platforms. His most recent responsibility at CMT and Penson Financials included crafting high frequency trading platforms, and developing and managing multi-million dollar trading strategies. Jitu has held senior development roles at IBM and Trilogy. Jitu has orchestrated Loyakk’s patent-pending Blockchain architecture that provides an Adaptive & Nested Node Architecture both of which are essential for Enterprise usage and adoption of Blockchain capabilities. He holds a Masters in Computer Science from Louisiana State University. Jitu can be reached at jitu.telang@loyakk.com Suresh Ramakrishnan, Chief Product Officer Suresh’s charter is to drive the vision, strategy and roadmap for Loyakk’s product portfolio. Suresh brings extensive experience in enterprise software, and has held leadership positions at SAP, Delphix, Tibco etc. He led the launch, marketing, GTM & customer enablement for SAP’s first Data-as-a-Service offering. Suresh also led marketing efforts for SAP’s HANA Cloud Platform and launched Delphi’s Data Platform. He has also led engineering teams to build solutions for capital markets & stock exchanges at Tibco. His broader experience spans Product Marketing, Product Management, Strategy, 23 Business Consulting, Professional Services and Software Development.
Loyakk Vega Enterprise Relationship Platform – Business Overview Jaijiv Prabhakaran, Chief Architect Jaijiv is a senior and accomplished technologist with over 15 years of experience in software development. His most recent experience includes designing and developing large scale object oriented OLTP systems at ETrade as a Senior Architect, where he was responsible for developing ETrade's award winning trading platform. Prior to ETrade, he also worked in lead positions at Sun Microsystems and Datamatics. Jaijiv holds a Master's degree in Computer Science from Louisiana State University. Tsvetan Georgiev, Technical Architect and Development Lead Tsvetan is part of the team responsible for architecting Loyakk's blockchain-enabled enterprise relationship platform core that blends proprietary patent-pending blockchain capabilities with Ethereum, Quorum & Corda frameworks. Tsvetan has experience architecting blockchain applications and developing tools on Hyperledger Fabric including helping enterprises integrate blockchain technology with enterprise applications such as SAP. He has designed complex use cases on Hyperledger and played a pivotal role in the development of a Hyperledger CD Management Console which focused on abstracting the complexity of creating and managing blockchain network on Hyperledger - by leveraging Fabric Java SDK, REST APIs and Docker APIs. Jimjees Abraham, Blockchain Solutions Architect As Solutions Architect, Jimjees is focused on developing solution blueprints incorporating Loyakk's patent-pending extensions to elements of Ethereum and integrations with back-office systems for Loyakk's industry-specific Value Web solutions. He has also designed and developed blockchain-based solutions in the areas of supply chain and loyalty management on Hyperledger Fabric. Jim has experience identifying key value drivers in blockchain-based transformations helping enterprises in their blockchain adoption. Jim worked as a solution architect in SAP Labs and SAP consulting 24 for 14 years, mainly focusing on CRM and Banking.
Loyakk Vega Enterprise Relationship Platform – Business Overview
Sadiq Quasim, CEO, iStrategies Ltd, Loyakk Ltd
Sadiq runs Loyakk Ltd. the primary and sole entity responsible for driving the Loyakk Token
Sale and orchestrating awareness and adoption in UK and Europe. Sadiq's innovative efforts
to bridge technology to business requirements have been applied in initiatives across major
central government organizations like the Cabinet Office and The DWP, as well as blue chip
companies EDS, CSC and Bupa. Sadiq's vision for Loyakk is to empower enterprises to
reinvent the way they drive business and value across their fast-growing ecosystem of
customers, channel, partners, distributors and suppliers. Sadiq has been a critical part of the
extended team defining the blockchain-enabled Vega Enterprise Relationship platform.
Rakesh Sreekumar, Chief Marketing Officer
Rakesh is responsible for all things marketing and for Enterprise Adoption of the Loyakk Vega
Enterprise Relationship Platform. He is a keen observer of the Enterprise Blockchain market
and has helped conceptualize Loyakk’s industry-specific value web solutions. Rakesh has led
marketing efforts at Siebel and VMware, where he worked directly for the head of worldwide
marketing, helping launch & manage enterprise marketing initiatives. Rakesh has broad
marketing experience building category leaders across the breadth of the software industry
spanning CRM, Business Intelligence, Marketing Automation, ERP, Industry Applications,
Mobile, Cloud and Infrastructure Solutions. Rakesh has an engineering undergrad and a
management degree from XLRI, India and an MBA in International Business from
Thunderbird School of Global Management.
25Loyakk Vega Enterprise Relationship Platform – Business Overview
Industry Advisors
Jonathan Becher
ex-Chief Digital Officer, SAP / President, San Jose Sharks
https://www.linkedin.com/in/jbecher/
Patricia Hatter
ex-CIO, McAfee, Intel / Board of Directors, Barrick Gold
https://www.linkedin.com/in/patricia-hatter-5473873/
Anthony Thomas
Global CIO, Nissan Motors
https://www.linkedin.com/in/anthonythomasa/
Erwin Rezelman
CTO, Zurich, Latin America
http://www.linkedin.com/in/rezelman
26Loyakk Vega Enterprise Relationship Platform – Business Overview
Blockchain Advisors
Ian Scarffe
https://www.linkedin.com/in/ianscarffe/
Aly Madhavji
https://www.linkedin.com/in/alymadhavji/
27Loyakk Vega Enterprise Relationship Platform – Token Details & Terms
Additional Considerations
REGULATORY, COMPLIANCE, AND LEGAL CONSIDERATIONS SECTION
This token sale has not been registered or qualified under the securities laws of any
jurisdiction anywhere in the world. Prospective purchasers of a SAFT are required to
inform themselves about, and to observe any restrictions relating to, the SAFT and any
related documents in their applicable jurisdiction. This whitepaper does not constitute an
offer to sell, or a solicitation of an offer to buy, a SAFT or Loyakk Tokens in any
jurisdiction in which it is unlawful to make such an offer or solicitation. Neither the U.S.
Securities and Exchange Commission (the “SEC”) nor any other federal, state or foreign
regulatory authority has approved the purchase of the SAFTs or the Loyakk Tokens.
Furthermore, no such authority has confirmed the accuracy or determined the adequacy
of this whitepaper. We have however taken reasonable steps and good-faith measures
to account for evolving law and regulatory practices regarding ICO’s which we have
touched upon herein.
This whitepaper contains a summary of the SAFT, the Loyakk Token and certain other
documents referred to herein. Each prospective purchaser should review these
documents for complete information and take all reasonable steps to educate
themselves on the subject matter covered in. Loyakk reserves the right to unilaterally
and exclusively modify the terms of this sale, the SAFTs and the Loyakk Tokens
described in this whitepaper, and the SAFTs are offered subject to Loyakk’s ability to
reject any submission to purchase tokens, in whole or in part, by any prospective
purchaser.
Currently, digital tokens are being closely and regularly scrutinized by various regulatory
bodies around the world, including but not limited to the SEC, European Securities and
Markets Authority, and each individual state in the United States. Law regarding ICO’s is
an evolving area of law, and there is no clear guidance from regulatory agencies, courts,
and laws regarding legally-compliant practices for ICO’s. As a result, future evolution of
the law and potential consequences are too speculative for the Loyakk to reasonably
foresee and act upon. Loyakk has taken good-faith measures to account for the evolving
law and rules on ICO’s and in an effort to comply with such law. However, there is a
substantial risk that in numerous jurisdictions, including the United States, that Loyakk
Tokens may be deemed to be a security, meaning such token must be registered or
comply with an applicable exemption from registration. For example, applicable
securities laws may limit the ability to hold more than certain amounts of Loyakk Tokens;
restrict the ability to transfer Loyakk Tokens; require disclosure or other conditions on
you in connection with any sale of Loyakk Tokens; and may restrict the businesses that
facilitate exchanges or effect transfers of your Loyakk Tokens. Every user, purchaser,
and holder of a Loyakk Token is required to make diligent inquiry into determine if the
acquisition, possession and transfer of Loyakk Tokens is legal in its jurisdiction and to
comply with all applicable laws and Loyakk’s SAFT, Terms of Use, and other documents
referenced herein. The legal ability of Loyakk to provide Loyakk Tokens and the Loyakk
Token network in some jurisdictions may be eliminated by future regulation or legal
actions. In response to such action, Loyakk may take actions that adversely impact you
and the Loyakk Tokens you hold, including: (a) ceasing operations or restricting access
in certain jurisdictions, (b) adjusting Loyakk Tokens and the network in a way to comply
with applicable rules and regulations, (c) voiding or not processing token purchases, or
(d) ceasing operations entirely.
28Loyakk Vega Enterprise Relationship Platform – Token Details & Terms
Each purchaser of the Public Sale: (a) if in the United States, or a U.S. Person (as
defined in Regulation S under U.S. Securities Act of 1933 (the “Securities Act”)), must be
an accredited investor (as defined in Regulation D under the Securities Act) or (b) if
outside of the United States, must be a non-U.S. Person (as defined under Regulation S
under the Securities Act) who is not purchasing for the account or benefit of a U.S.
Person and who is eligible to purchase SAFTs and Loyakk Tokens under the applicable
laws of the purchaser’s jurisdiction. Each purchaser of the Loyakk Token must be
sophisticated in terms of investment, business, and/or blockchain technology, or be able
to fend for themselves or have access to the information that can allow such purchaser
to fend for themselves with regard to the subject matter of this token purchase sale.
Blockchain technologies have been the subject of evolving and intense scrutiny by
various regulatory bodies around the world. For example, some U.S. jurisdictions
regulate providers of money transmission services who create a medium of exchange or
a method by which value is transferred from one person to another person or location.
The implications of triggering such requirements may include registration with the U.S.
Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), and
implementing an anti-money laundering/know-your-customer compliance program that
meets federal standards, including transaction monitoring, designation of a compliance
officer, employee training, and periodic auditing and testing. In certain U.S. states and
other international jurisdictions, there may be various compliance obligations, such as
the need for licenses or registrations, minimum net worth requirements, bonding,
biographical and financial approval of officers and directors, and other ongoing
compliance, examination, and reporting obligations. We do not intend to operate in any
jurisdictions that require a license or registration to conduct a money services business,
money transmitter or virtual currency business. If you are a resident of a jurisdiction that
requires such licensing or registration, do not purchase the SAFT or receive Loyakk
Tokens. The application of these regulatory agencies to Loyakk Tokens and Loyakk is
unclear, but if implicated these requirements will require us to expend significant time
and resources to comply with them or face adverse regulatory action. In addition, Loyakk
Tokens are subject to risks related to regulatory inquiries or actions taken with regard to
the blockchain. A lack of a central regulatory authority and structure and the global
nature of digital assets and blockchain technologies limit legal remedies and recourses –
As a result, you may have no legal remedies or recourse against Loyakk, other users,
holders, purchasers or sellers of Loyakk Tokens, and any other person or entity that may
interfere with Loyakk, Loyakk Tokens, or your digital wallet.
Companies with total assets above $10 million and more than 2,000 holders of record of
its equity securities, or 500 holders of record of its equity securities who are not
accredited investors, as the last day of their fiscal year must register that class of equity
securities with the SEC under the Exchange Act of 1934 (the “Exchange Act”). From this
token sale, Loyakk may surpass $10 million in assets as it builds out its Loyakk Token
network. Furthermore, there is the possibility that this token sale or future transactions in
SAFTs or Loyakk Tokens may result in more than 2,000 holders of record or 500
unaccredited investors. While the SAFTs do not have obvious features likely to result in
29Loyakk Vega Enterprise Relationship Platform – Token Details & Terms
their being considered equity securities, there is no clear guidance from the SEC on this
issue. Furthermore, Loyakk believes that Loyakk Tokens, when issued on conversion of
the SAFTs, will be utility tokens and not securities (equity or otherwise) or otherwise
comply with applicable securities registration exemptions, but there is no clear guidance
from the SEC on this point. Any requirement that Loyakk or iStrategies Ltd. register a
class of equity securities with the SEC would require significant time and expense.
Loyakk, Inc is the developer of the technology and platform, and iStrategies Ltd. Is
licensing the technology, Loyakk brand and assets to market, initiate fundraising efforts,
including but not limited to an initial token (or coin) offering, and resell to enterprise
customers across all markets excluding the United States.
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
Certain statements in this whitepaper constitute forward-looking statements under
applicable securities law. Except for statements of historical fact, information contained
herein constitutes forward-looking statements, including: (1) Loyakk’s technical ability to
develop Loyakk Token and enable decentralized enterprise networks for customers with
iStrategies, Ltd. as described herein; (2) the projected utility and functionality of the
Loyakk Token and its functionality on Loyakk Token network; (3) the completion of, and
the use of proceeds from the sale of all SAFT’s; (4) the execution of Loyakk’s vision and
its growth strategy and use cases for Loyakk Token and its network; (5) the use of
Loyakk Token by token purchasers, fundraisers, consumers, or enterprises seeking to
use Loyakk’s token for business or personal transactions; (6) the sources and availability
of third-party financing for Loyakk Token transactions; (7) the completion of Loyakk’s or
iStrategies’s projects that are currently underway, in development or otherwise being
considered; (8) future working capital and capital requirements; and the functionality; (9)
versatility of the blockchain protocol to accommodate the functionality and utility of
Loyakk Token; (10) the development and evolution of applicable law, including securities
and tax law, to enable Loyakk and iStrategies to develop Loyakk Token without
impediment, regulation, or large expense as a result of compliance efforts; and (11) the
viability of the strategic partnership between Loyakk and iStrategies. Forward-looking
statements can also be identified by words such as “can,” “expect,” “will” and other
identifiers of non-historical events. Forward-looking statements are provided to allow
potential purchasers of the SAFTs the opportunity to understand management’s beliefs
and opinions with respect to the future. Loyakk is an early stage company and any token
purchase through a SAFT is inherently risky. Forward-looking statements are not
guarantees of future performance, and you should use your own prudent judgment in
assessing the likelihood of future performance. Although forward-looking statements
contained herein are based upon what management believes are reasonable
assumptions, they necessarily involve known and unknown risks and uncertainties,
which may cause actual performance and financial results in future periods to differ
materially from any projections of future performance or results expressed or implied by
such forward-looking statements. Loyakk undertakes no obligation to update forward-
looking statements for any reason, except as required by applicable securities laws.
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