LokChain(LCN) (OP)
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November 24, 2018, 08:11:22 AM
Last edit: September 18, 2019, 03:46:40 AM by LokChain(LCN) |
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LokChain = Interblockchain + IoT = Industrie 4.0 @ 85,000,000 TX/s 0.01% Fee in LCN See, Secure, Develop. Lokchain- The only 2048 Bits Encryption Blockchain Built for Scaling and Interoperability. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Note:
We are still working on offering STO: It is not finalized. We are undertaking a legal and regulatory analysis of our coin or token sale model: The intended Utility/Equity of Token, RATE or DATE and resulting infrastructural projects of the underlying platform are now finalized. We will eventually move forward in favor of alternate funding in lieu of Reg CF, D and A+(whenever it becomes available) as security token equity offering (STO). Following the conclusion of this analysis, we may decide to amend the intended model and/or infrastructural development in order to ensure compliance with any legal or regulatory requirements to which we are subject at a later date. To the extent that we make any such changes, we shall update any document or paper dispensed to the public and publish a notice on our website (once ready) together with the latest version of such paper. It is your responsibility to regularly check our website (once ready) for any such notices and updates. The offering date of 14th Feb 2019 will no longer hold. However stay tuned for the alternative.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Why we might lean towards regular crowdfunding? It gives you an opportunity to be a part of something great with a promise of security in a progressive company. LokChain has a team of experts coming from technical, financial and marketing backgrounds. While we have a great idea and an expert team to make this idea a reality, we don’t have the funds to take the prototype created to a manageable and useful Platform. In addition, we would like to invite people who are interested to be a part of a disruptive technical project. As a community, we all can come together to contribute towards a secured, transparent, cross-organization, interoperable, collaborative, inclusive and trust-less decentralized blockchain for things and people.    ABOUT LOKCHAIN LokChain platform is structured as a web of interconnecting technologies focused on integrating distributed ledger, mobile and the IoT as one cryptographically secure Ecosystem. Lokchain includes a serverless operating system with a public or private distributed ledger using a secret key infrastructure (SKI) that is able to deliver quantum immunity for small scale users, enterprises, decentralized applications and internet of things (IoT). Lokchain, distributed ledger developed on our web of technologies taps into NEM (Smart Asset), Hashgraph (Gossip protocol, a-BFT), IoTA (Local consensus) and ECSMID (benevolent Cryptography; 2048 bits encryption derived from AES), has successfully resolved over 16 problems identified in the current blockchain space. This qualifies LokChain to the membership of Blockchain 4.0 (4th Generation BCT) family.
LokChain Platform is a brainchild of LokDon Technology. It is a startup in South Carolina, USA. This platform is one of many uses of this unique technology from multi-national group of consultants specialized in secure Software and Hardware development. The LokChain Platform is endorsed by a network of professionals, comprised of over 50 year-wealth of experience in IT, engineering, business processes, trading, entrepreneurship, property and asset development, international management and academia. Our business forte is to see, secure and develop the enterprise by leveraging the skills and economies of the locales. An ordinary citizen will have a part in the technology s/he uses. LokChain team will make this certain by providing the needed awareness, support and education necessary. This will range from training events, technical support and service provisions in the converging system.
Our unique leadership body is a clear, rigorous directives for an ever-evolving influence that abounds in every business region at all levels. Consequently, our leadership team reflects a group of internationally diverse individuals with breadth and depth of experience across the foundation. More so, we focus on using AI, ML, Distributed Ledger System and other derived or similar technological features to spawn a new way of confirming transactions in the digital era.
As a software/hardware technology development startup focusing on security applications for mobile, computers and IoT devices. We want to use Distributed Ledger System for eTransaction -LokChain to reach our goals. We are hoping to solve the future problems arising from billions of internet nodes and devices remaining constantly online.
*****------------------------------------------------------------------- PURPOSE -------------------------------------------------------------------------*****
1.Turn disorder into secure governance based on permission and individual volition
2.Turn IoT devices into secure autonomous blockchain entities of things of values.
3.Turn rural economies and manufacturing into the most secure transactions for wealth creation.
4.Turn blockchain ICO into media of building developmental projects in emerging markets.
5.Turn the world’ largest business incubator into an innovation complex for Industrie 4.O. *****------------------------------------------------------------------ WHY LOKCHAIN? -----------------------------------------------------------------***** We chose to demonstrate this innate need to solve complex problems by building the platform from bottom up. We are building LokChain to resolve many problems inhibiting the growth of most blockchain applications. We know that It is possible to have a commitment scheme that is both perfectly hiding and perfectly binding with LokChain. We didn’t need to reinvent much in the wheels. We took the best features from the best of the best and added a few more advanced features of our own. These qualified lokchain to the membership of Blockchain 4.0 (4th Generation BCT) family. This new technology (BC) must recognize as viable these identified solutions:PROBLEMS-SOLUTIONS Problem: Use of crypto-suite of maximum symmetric key 256 bits encryption
1.The system makes sure that all data are 2048 bits of encryption both transient and locally- Quantum immunity.
Problem: Current asymmetric encryption keys are left out for you to store in your drive
2. We implore dynamic random keys of 680+digit long, that never store anywhere
Problem: PKI is not easy to use on mobile newer technologies like IoT
3. We remove PKI and key management as we know it today, thus interoperation is possible
Problem: Hashes in the DB gives attackers a hint on what to do
4. We do not use password hashing at all, except for checking the integrity of strings
Problem: Most keys are not changed often, else they are static
5. The keys will remain dynamic (changing) for any message no matter how small
Problem: Biometrics aren’t seen as a means of IAM development, as yet.
6. IAM used here is based on bio-metrics e.g fingerprints, iris, voice etc.,
Problem: Password is the major instrument of accessing a resource today
7. We have multiple attributes to perform authentication for the system access
Problem: Use of Key Exchange and PKI is cumbersome
8. The platform is flexible and versatile to use symmetric and asymmetric cryptography at once
Problem: Limitation of 10mins/transaction(1hr/block): Less the 500 transactions/s
9. The mechanism execution is very fast with zero knowledge proof (ZkP-Triangle) and scalable
Problem: Modern crypto-systems used currently in blockchain are watered in mobile and IoT devices
10. It could be used anywhere on any system software or hardware.
Problem: Asymmetric and Symmetric keys are never used in a versatile and coalescent way
11. The encryption is more of the modular forms- M1-M5 aiding a-BFT to exonerate the curse of blockchain.
Problems: Private and public key (PKI) is making Dapp harder to achieve securely and seamlessly
12. Nodes that are parties to a transaction can update and upload ledger of transaction i.e DApp of other verticals will suffice.
Problem: Most DLT are broadcasting transactions making it harder for privacy
13. There will be no need to broadcast transaction if only vetted profiles are approved through Biometrics-Multi-Auth (Fingerprints + Auth), physiological appendages and behavioral patterns etc.,
Problems: PoW, PoI and Pos for consensus have serious limitations.
14. Prove of SuA -> Po(SuA) = (PoS); and Simple UWA Assignment (SuA) as a means of vetting profile’s Universal Wallet Address (UWA).—Removing DDOS and serves as sovereign ID.
Problems: There is no data life cycle in any blockchain technology
15. Data uniqueness is guaranteed, where the letter ‘a’ is sent across one node, about 10 times. That letter must represent 10 different characters periodically.
Problems: Mining will shackle emerging markets as others with power decide their transactions.
16. Mining must be removed for a quick turn-around in real time without violating the chain of data custody.
Problems: Blockchain technology developers and those holding the purse strings, sometimes are motivated by greed and avarice, thus the lack of sincere development in emerging markets.- These markets are fragile
17. The locale economies, indigenous skills, fraud/corruption level, commerce and industries of the emerging markets will now be considered in LokChain intergration.MISSIONThe development of an ecosystem consisting of a platform and suite of technologies that improve and securely integrate distributed ledgers, mobile and IoT.VISIONTo make LokChain a Crypto-Industry technology that can be used by the government, businesses and enterprises. To guarantee a seamless merge of people, products and technology into one economic ecosystem. To make certain that people will contract, transact, distribute, share, secure immutable records smartly, in a decentralized network. To cause automated changes in commerce and enterprises by eliminating third parties in banking, finance, health, legal, retail, construction, census, manufacturing, agriculture, property registry, elections, pod habitation and security exchange with little or no trust. To economically strengthen the most advanced industrial barter system the world had ever seen by including AI and ML in the mix. To leverage LokChain as a tool of industrial internet of things ( IIoT) or Industrie 4.0 through the completion of a smart city by the year 2023. Finally the users organized in buckets of interests will be able to sell their personal data to data brokers as alternate income. To end the stealth exfiltration of data by edge devices, data aggregators, analytics and processors. Assuming these devices still finding uses in this new ecosystem..
BACKGROUND
LokChain Platform is a brainchild of LokDon Technology. A startup in South Carolina, USA. lokDon Technology includes 2048 bits Industrial Crypto technology that can be used for government, all disciplines and businesses. It provides not just a platform, more so, an ecosystem of people, products and technology. Without considering trust, they all contract, transact, distribute, share automated smart, secure and immutable records in a decentralized domain to cause automated changes in enterprises by eliminating third parties in bank-finance, health, legal assistance, retail, construction, national census, manufacturing (Industrie 4.0), agriculture, property registry, election/voting, pod habitation and security exchange while economically strengthening the most advanced barter the world had ever seen.TECHNOLOGY (Inventions) Distributed Ledger system for eTransaction or DLSeT (LokChain) Nov, 2017 Provisional 62584736.
1.SDK and API for developers
2.Products1. Universal Wallet Address-software utility built with SDK
This is an encrypted addressing system which marries the biometrics, what one has, and what one knows to present a string verified by the community through prove of work. This is an ‘alphnumericspecialchar’ of max 32.
2. Authentication API -software utility
This is a cross platform API developed to allow other enterprises and/organization easy registration using Lokdon for secured all encrypted profile creation.
-End-point to end-point cryptography system for mobile and IoT (ECSMID) Jan, 2017, Jan, 2018 Non-Provisional 62448560
-Industrial Internet Encryption System 1.0 (IIES1) Apr, 2018 Provisional 62661765
When you consider #1 invention we solved major constraints In Blockchain --> we call it LokChain™ . See below:
1. No need of broadcasting the message: Message are sent to vetted users
2. 2,000,000 transactions/s -->>2,000,000 transaction/s 1024Bytes/transaction 60s/min * [1 min/block] = 122.8GB/block-->122.8GB/MIN
3. The transaction manager holding the ledger is updated immediately
4. Mining is wasteful and uses a lot of power
5. We avoid the block limitation by using an alternative cryptography
6. There is a large degree of anonymity (100%) if you choose
7. Node keep their Lok transactions = Block, only this time block doesn’t have 10mins constraint (it is not limited )
8. Transaction are confirmed before sending funds, this cuts out mining
ADVANTAGE Technical1. It excludes irrelevant features which may not apply in Blockchain for emerging markets:
a. Mining cost of electric power
b. Centralization perpetuates third party
c. Trust management
2. To solve all issues a business may have:
a. Security
b. Privacy
c. Transparency
d. Scalability
3. To bring ubiquity on blockchain
a. Remove Latency problems
b. Remove Low throughput problems
c. Remove scalability problemsCoreA.Smart ContractHere in, digital assets are directly controlled by automation or lines of codes via initial agreement, to perform certain functions particularly when triggered. The trigger points could be set by arbitrary rules or even LokChain™ -based "decentralized autonomous organizations" leveraging their association to affect these contract agreements.
B. Decentralized Application (dapp)This refers to removal of the control held by a central organization or location over applications. The ideas allow all to publish their unstoppable application absent a third party. Users should have control over the data they share on the network. Master ledger is only a yardstick cloned by all nodes. Any node can update its ledger from another node’s ledger content, as long as that one is the most current.
C. Smart TransactionHere in, every party in the ecosystem has agreed on a sales bound by 1. smart contract, 2. smart property. When the values agreed are transferred fully to smart satisfaction. We can say that a smart transaction has just been fully negotiated. The nodes involved completes the transaction from start to finish there is no need for mining here.D. Quantum ImmunityThe use of a high-level encryption (2048 Bits) mechanism that is immune to attack by quantum computing.E. Smart PropertyHere in, your physical (phone, house, Gold, diamond, car etc.,) and soft-assets (cloud-based machines, virtual money and shares in companies) can effectively be reduced to pieces of unique strings embedded with your biometrics; This will remove fraud and create an environment where trade is free absent fear or distrust. A smart property will bring about a smart contract and a smart transaction. None will be wary to buy a smart property from you. Trades that never would have taken place online will now be accepted conscientiously. People will have confidence in lieu of less trust when engaging in smart property sales.F. IoT in the ChainWe are determined to solve the future problems arising from billions of internet nodes and devices remaining constantly online. Blockchain technology made this possible. We want to achieve the most unprecedented digital barter the world had ever experienced through a seamless end-point-to-endpoint cryptographic security. We thought it wise to secure what we have seen over the years, before any serious development. We used secret key infrastructure (SKI) and many vital features of ours as a thread, binding the best of the three worlds:
-Smart Asset
-Gossip protocol, a-Byzantine Fault Tolerance
-Local consensus
We are giving the world LokChain. The first 2048 Bits Encryption Blockchain Platform. This platform will accomplish the needs of the common man.
ROAD MAP Lokchain platform and Lokdon projects together will normally run a 5-year roadmap to harness the desired solution offered by Lokdon technology (ECSMID, DLSeT and IIES1.0). The vision is to use the platform as backbone of support infrastructure development across emerging markets. We chose Data center Hub for Industrie 4.0 with this launch. We will like to see a full convergence of all projects into Lokchain cryptocurrency (crypto) ecosystem. The platform at its prime and well into the future will rely on XEM, ETH, XRP, BCH, BTH and LCN (Lokcoin’ tag) for all transactions. Lokchain platform and Lokdon projects in union is bringing something new to the ICO world. We will run a pair or twin ICO: This is a new, different and innovative ICO model of operation. 2018 - Birth of Lokdon, LLC Q1 - Organizing and forming corporation/Build development teamQ2 - Lokdon Wallet app/IoT wallets and dashboards Q3 - ICO and Platforms/SDK/website Q4 - Invite Altcoin/MC – API exposure 2019 – Launch products Q1 - LokChain wallet appQ2 - Platform MVP / SDK /BetaQ3 - Data center hub for industry 4.O (kick-off)Q4 - Invite altcoin /MC-API Exposure2020 - LokChain Exchange (LKCX)
-Continue work on Data center
2021 – Data Center Hub for Industry 4.0
Q1 - Continue Platform modifications
Q2 - Continue Data Center construction
Q3 - Continue LKCX (kick-off)
Q4 - LokChain for IoT completed
a. Exchange continuous mod and swapping
2022 – Data Center Hub for Industry 4.0
-Complete Data Center Facility
UWA This is the address which ties a user to all his/her devices using attributes. The attributes are the component of data nucleus aggregate (DNA) This is derived using eFRI (fingerprint, IMEI or MAC) and full name; company name or combination of attributes that serves the purpose. We can easily and effectively sustain a universal wallet address (UWA): Total number of possible UWA addresses 2 ^ 2048 or 3.231700607131100730071487668867 10^616-- more than stars in the sky or sand by the sea shores. This is true when those values making up the UWA are chosen from 256 characters noting that it could be a unique char-value in each element or another. The hashes of the protracted strings could be used to shorten them. QR codes could be derived and used in cases where the model offers a high security. This can usher in a free sovereign ID system (SOVIDS).CREATION of TRANSACTION ID:ZKP-Triangle protocol 1.RCD-> Request, Credit, Debit 2. ACK->Acknowledge 3. CFM->Confirm 4. RCV->Receive 5.SND->Send 6.RPY->Reply 7.RCOD->Record. This verbiages are formulated to make sure any interference is aborted since the sessionid will not issue. Once the transaction is confirmed by sender a transaction id is issued using the time of the last sessionid of the confirmed transaction. It is set in the like of military time 174013 ->5: 40 : 13 PM concatenate with that last sessionid created from ordered arbitrary numbers. This serves as part of the headers and metadata ensemble. This countermeasures will forestall rogues access points redirects.
The nascent nature of core Blockchain still makes it susceptible to MITM attacks. Therefore, it is inaccurate to say that it will securely send and receive restricted and non-restricted data while mitigating user’s lack of privacy. LokChain was designed to forestall all inherent defects of the core blockchain. We believe that our approach will create wealth because the users have full control of their data. No entity in the world will have such control over the users anymore. Data owners will now be able to sell their data for asset gains- A new dawn for secure Data life cycle(SDLC) is here.
TECHNOLOGY ECOSYSTEMWe plan to monetize the components of this rare technology in 6 major ways. Although, the emerging markets will benefit heavily here because they rely heavily on the cellular and satellite communications. We see that business verticals could emerge, across the board, easily, faster, securely and reliably by inclusively integrating the components of this platform shown below:
1. Lokchain platform
2. Lokchain projects—Lokcoin
3. Lokdon wallet application
4. Lokchain exchange
5. Infrastructure development
6. Lokchain ecosystem of IoT Token Economics Lokchain currency is tagged --Lokcoin with the symbol (LCN) but we will maintain the tradition of token conversion etched by altcoins e.g BTC, ETH, XEM, KBX etc. Token Break DownMarket Cap: 899, 999, 999 USD
Available Supply: 8,999,999 LCN
Total Supply: 8,999,999 LCN
Initial supply: 899,999 LCN
Soft Reach: $10,000
Hard Reach: $8, 999, 999 LCN
Divisibility: 6
Mutable supply: True
Transferable: true
Levy (Optional): None
Fee type: Percentile
Fee: 1% of LCN -> LCN is TBA after possible raise ------------------------------------------------------------------------------------------------------------------------------- TOKEN BREAK DOWNToken Name: LokCoin
Token Symbol:(LCN)
Market Cap: 899, 999, 999 USD
Available Supply: 8,999,999 LCN
Total Supply: 8,999,999, 999 LCN
Initial supply: 899,999 LCN
Soft Reach: 20,000USD
Hard Reach: 8,999,999LCN
Divisibility: 6
Mutable supply: True
Transferable: true
Fee type: Percentile
Levy:0.01% of LCN FUNDS UTILIZATION OR DISTRIBUTION One of the criterion for authentication of STO is the transparency of funds distribution. We have identified areas and the use of the ICO funds.
Number Of Tokens:
The total number of tokens is derived from the market volume with direct attachment to STOs catalyzed by tangible projects or services converted to utilities which anyone in world could buy. The system is pure and absent the fiat nature seen today in other STOs. There is no limit or minimum requirements in this type of funds.
Token Supply Mechanism:
There is no capping mechanism: This removes the fiat nature as seen in other cryptocurrency events of notoriety. The market is allowed to obey and respect both natural and economic principles that guide all exercises in the marketplace. The market volume and the incumbent currency will always decide the fate of the tokens.
Distribution Of Tokens:
The distribution of token must be like the flow of water: Always finding its own level and continuously transforming with economic temperature, pressure, volume and market gravity. The distribution will not have an inkling of the human greed within its blueprint. To include other platforms, organizations and data sources. It is necessary for us to expose and share DDNA which is a core part of Secret Key Infrastructure (SKI).
Ecosystem For Startups:
We will create a foundation to foster desirable startups by using Lokchain to hasten cross-platform, cross-organization and cross-data source. Angel investing will be in place to support those who are desirable.Distribution of Funds
1.Team members:10%
2.Investors: 7%
3.Tokens to exchange: 1%
4.Bounty and Airdrops: 0%
5.Marketing and Awareness: 7%
6.Operations:6%
7.Future: 10%
8.Legal: 5%
9.Technology: 15%
10.Board of Directors: 5%
11.Partners: 3%
12.Development-Infrastructure Projects: 25%
13.Foundation: 6%
14.R & D (Science): 20%
Distribution of Tokens
1.Team members: 10%
2.Investors: 7%
3.Marketing and Awareness : 6%
4.Bounty and Airdrops: 0%
5.Operations: 5%
6.Future Reserve: 10%
7.Legal: 5%
8.Board of Directors: 5%
9.Partners: 3%
11.Development-Infrastructure Projects: 25%
12.Foundation: 2%
13.R & D (Science): 5%
14. Technology 5%
CONTACT XEM: NBR53Q-O3XQ5N-6TQ6A2-KJPU3V-T5W3JA-53JJPF-NRJS
ETH: 0xfC7C0e0480472BFa176f22C4bcf0E1030317d2dE
BTC: 1K7e6S2PkhewAM3TvCEiZXUXHuXUsAgKXN
BCH: qrrt8w27g6v9mve08enzqqu2hs7549v9dqndm6zwsr
Physical Address:
1225 Laurel St.
Columbia, SC 29201
(763)568-4836
 Team Members lineup...
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