The Founders of LemoChain (Lemo for short) are committed to developing a decentralized data circulation ecosystem, focused on facilitating the effective open exchange of structured business data. Built on blockchain technology, Lemo’s ‘SmartContract Value Transfer Protocol’ is able to achieve a P2P and B2B data exchange across a DApp platform – a decentralized application platform suitable for a range of industries (including education, social networking, gaming, recruitment, finance etc.).
Lemo’s innovative technology, comprehensive ecosystem governance and inclusive nature will facilitate an all- encompassing platform for widespread data pioneering.
From a technical viewpoint, Lemo possesses strong research and development capabilities. Through implementing an established technological framework, Lemo will be the first blockchain to run on a D-PoVP (Delegated Proof of Valued Participation) consensus mechanism. This innovative mechanism will be implemented in alignment with varying regulatory requirements across a broad spectrum of commercial applications.
Meanwhile, the adoption of secure multi-party computation, zero-knowledge proofs and homomorphic encryption will ensure secure and efficient data transfer; thus establishing the underlying trust foundations for data circulation on Lemo.
From an angle of ecosystem governance, The Lemo Foundation is designed to drive R&D growth, governance transparency and the overall development of the LemoChain ecosystem, so as to strive for universal security and cooperation between all stakeholders. The Foundation regularly evaluates all aspects of the open source community from several dimensions such as code management, team management, financial management and public relations. Thus, the sustainability of Lemo, the efficiency of the Foundation’s management and the security of crowdfunding can be ensured.
In regards to mobile applications, Lemo, along with service providers, will enhance business’ off-chain capabilities by facilitating decentralized application development and providing smart contracts which align with real commercial logic. Eventually, not only does Lemo strive for the broad adoption of ‘Go-Mobile’ strategies; but ultimately aims to optimize traditional businesses using blockchain technology. Lemo maintains the belief that by realizing blockchain’s potential for business development, companies can bring tangible benefits to a range of stakeholders.
Within the whole ecosystem, Lemo will collaborate with third-party developers to provide support and technical framework assistance, including:
• LEMO Token – The encrypted Lemo token (LEMO) will be the universal medium of exchange on Lemo. LEMO will be a stable store of value that will facilitate data exchange, regardless of time or location.
• Commercial data matching and trading system – Providing data distribution services based on multi-party computation calculations; assisting different applications in developing compliant and transparent data distribution channels.
• Data Circulation – Sharing of data (serving for all social apps), helping different apps to build legal and transparent data flow channels.
• Account System – One account has access to all apps, increasing conversion rates and expanding traffic sources.
• Digital Asset Smart Contract – Ensuring the ownership authentication of digital assets for developers and users; helping the circulation and liquidation of digital assets, thus improving user’s mobilization.
• ntegrity System – User credit system; an interest-driven system, evaluating overall ecosystem contribution; so as to recognize and reward positive contribution whilst discouraging negative input. This will aid developers in selecting target users whilst increasing conversion rates.
• Data encryption storage and transmission system – Providing a securely encrypted system for the storage and transmission of data for B-end users and developers .
At the same time, we will lay down a reward plan to encourage early third-party developers to work with us on LemoChain-based mobile-end services, promoting the efficient and synergetic development of blockchain.
LemoChain
