According to ICODrops, Lition sold out their public whitelist in less than 15 minutes. No doubt an extremely impressive feat, especially when taking into consideration the adverse market conditions the ICO is being held in.

So what exactly is this project about? On their website, they state:

“Lition is developing the scalable public-private blockchain with deletable data features, made for commercial products. This state of the art protocol enables blockchain-based applications to step out of their current niche into commercial mainstream deployment.”

The website further states an already existing MVP, a working product and a GDPR compliant blockchain infrastructure for business.

Essentially Lition is looking to offer solutions to meet business use case needs. They feel that the current blockchain solutions don’t necessarily appeal to what some of their business clients or even their businesses are telling them they are not happy with the existing environment currently available for business blockchain infrastructure.

Among the technology that Lition will employ to meet business use cases is by using infinite sidechains. This is because sidechains can meet some of the business solutions, is because the estimated cost of transactions will be a fraction of a penny.

This is very important as businesses will be very reluctant to spend large sums on different transactions, when considering sidechains on the Ethereum network costs an average of 30 cents.

One of the other things these different sidechains will be able to provide is the ability to store specific private data on these sidechains. Lition will be looking at the secondary solution market or the secondary layer market because they’re able to utilize some of these sidechains to handle data processing.

The sidechains will also process in a transparent manner that easily shareable, and they’re also looking from a frim perspective that people will be able to delete their private data at some point in the future.

These are all some of the business use cases that business interested in blockchain platforms are saying existing solutions are just not sufficient.

In regards to potential market size, it’s difficult to estimate what the market size will in terms of the coin ownership be from a public perspective. This specific project feels like it’s geared towards meeting business needs, as such the main adoption will be in the business sector.

To summarize, it’s encouraging to see a blockchain project try and introduce a platform with scalability solutions designed to meet business use cases specifically, backed by a strong Lition team.

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