DeXe DAO and LTO Network will collaborate on a research and development (R&D) supporting exercise that will combine the technologies of both initiatives. This will aid in forming a stronger association with respect to on-chain functions and assets in business and legal matters.
The one-of-a-kind hybrid blockchain of LTO Network provides identification of data along with a new-age level of digital assets within a privacy-oriented platform that is GDPR adaptable. DeXe DAO and LTO Network aim to explore ways in which DeXe DAO will be capable of using these potentials to improve the options for real-time assets to help Web3 and blockchain-oriented applications.
According to the CEO of LTO Network, Rick Schmitz, blockchain is known for creating a safer world and increasing its value. In his opinion, legal factors, along with smart contracts, possess the option of carrying out interactions amongst themselves in a positive fashion. He believes that DeXe’s forthcoming DAO will open the doors for the LTO Network to introduce fresh solutions related to the blockchain arena.
As far as the Core Contributor at DeXe DAO Protocol, Dmytro Kotliarov, is concerned, the association with LTO Network will allow DeXe DAO to link real-time assets with the blockchain. Their collective aim is to incorporate conventional ventures with Web3. Improvements will also be made to asset safety, clarity, and availability.
The Europe-based LTO Network is the most updated blockchain. It is completely decentralized and extremely effective. Business enterprises, governments, and institutions are currently utilizing the LTO Network. Among the institutions are the Dutch government, the UN, and others. The network provides various technologies for introducing solutions in terms of decentralized data safety, digital identification, and the ownership of digital assets and collections.
In the case of the DeXe Protocol it allows users to build and govern DAOs with the necessary incentive arrangements and malleability. Its purpose is to assist the growth of DAOs through the contributions of members, with the focus remaining on proficiency. The DeXe DAO controls the DeXe Protocol.