TomoChain(TOMO) and Lition have decided to collaborate. This was announced on TomoChain’s Twitter account.
TomoChain is a highly secure, top public blockchain that offers low latency and near-zero transaction fees. TOMO is developing a blockchain infrastructure capable of hosting DAPPS(decentralized applications). In a way, TOMO could be compared to EOS, but it’s less centralized.
Lition, a SAP partner, will together with Tomochain work on a second layer scaling solution that enables privacy and deletability features when connected to the main chain.
Currently, Lition is using Ethereum as mainnet, but is exploring a mainchain approach in the future.
The collaboration between the two projects will take place in two areas:
- Technical integration: Lition plans to integrate TOMO as an additional mainnet(on ETH, the transaction fees can be very expensive).
- Business Development: Both teams have a strong enterprise background and are now looking to strengthen both parties. This collaboration is really good for both projects, especially when they work in different market places (TOMO in Asia and Lition in Europe).
Dr. Richard Lohwasser, Co-founder, and CEO of Lition said:
“This partnership really brings together the best of both worlds: Fast transaction execution and finality from TomoChain, with data privacy and deletability for legal compliance through Lition. Together, this solution will offer an even better value proposition for commercial use cases, even in those areas that previously suffered from the drawbacks of Ethereum as our main chain.”
TomoChain CEO, Mr. Long Vuong, said:
“It’s our pleasure to be a partner with Lition, who is a SAP partner. This is an opportunity for TomoChain to expand our Blockchain solution in Europe. We would love to work with Lition on their layer 2 scaling solution for commercial mainstream use cases.”
Honestly, I find this as an interesting move that will be beneficial for both projects.
