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<!doctype html>
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<h1>LTO Network</h1>
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LTO Network’s journey began in 2014.
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After 4 years, we are launching with working products and dozens of clients.
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<h3 class="timeline-header__subtitle">Past, present and future</h3>
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<div class="timeline-item timeline-item--active" data-text="Launch of LegalThings">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/start-legalthings.jpg" alt="The launch — with salmon and champaign">
<h2 class="timeline__content-title">May 2014</h2>
<p class="timeline__content-desc">
<a href="http://legalthings.io" target="_blank" >LegalThings</a> started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company <a href="http://www.firm24.com" target="_blank" >FIRM24.com</a>, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems.
</p>
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<div class="timeline-item" data-text="LegalThings v1.0">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/legalthings-v1.jpg" alt="Pushing the last commits while driving to the client">
<h2 class="timeline__content-title">May 2015</h2>
<p class="timeline__content-desc">
The release of the first white label version of the <a href="https://www.legalthings.io" target="_blank" >LegalThings</a> platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing.
<br>
<br>
<em>Pushing the last commits while driving to our first client.</em>
</p>
</div>
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<div class="timeline-item" data-text="Introduction of LegalFlow">
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<img class="timeline__img" src="img/roadmap/legalflow.jpg" alt="Explaining how a process can be defined as Finite State Machine">
<h2 class="timeline__content-title">Jan 2016</h2>
<p class="timeline__content-desc">
We created software for FIRM24 to run the procedures for incorporations. Other customers were also interested in these digitized procedures. We did a small pivot, changing the focus to digitizing the contracts as FSM (Finite State Machine), rather than just signing.
</p>
</div>
</div>
<div class="timeline-item" data-text="Use of Bitcoin blockchain">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/bitcoin.jpg" alt="Looking at a hash">
<h2 class="timeline__content-title">Sep 2016</h2>
<p class="timeline__content-desc">
We explored different methods of providing proof of signed documents. Other solution providers acted as trusted third party, using ISO certificates to portray their honesty. We wanted a better solution that didn’t rely on having to trust us, which we found in using blockchain for proof of existence.
</p>
</div>
</div>
<div class="timeline-item" data-text="Proof of concept on Ethereum">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/ethereum.jpg" alt="Working on registering states on Ethereum">
<h2 class="timeline__content-title">May 2017</h2>
<p class="timeline__content-desc">
We experimented with Ethereum Smart Contracts and found out that they could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts.
<br>Instead, we found a much better solution in using our FSM in combination with the blockchain.
</p>
</div>
</div>
<div class="timeline-item" data-text="Hackaton winner by Ministry of Justice">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/winner-blockaton.jpg" alt="Team with Dutch Minister of Justice, Stef Blok">
<h2 class="timeline__content-title">Sep 2017</h2>
<p class="timeline__content-desc">
During the blockchain hackathon organized by the Dutch Ministry of Justice and Security, we demonstrated that a whole legal procedure can be digitized as an FSM and stored on the blockchain. This got us the 1st prize in the event which included the <a href="http://link.law.com/public/11641586" target="_blank" >assignment to create the first digitized legal procedures</a> for the Dutch legislative system on the blockchain.
</p>
</div>
</div>
<div class="timeline-item" data-text="Growing the community and raising 1.4M USD">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/seed.jpg">
<h2 class="timeline__content-title">Dec 2017</h2>
<p class="timeline__content-desc">
We were lucky to grow an enthusiastic community who believed in our vision: friends, fellow start-up founders around Europe, and some executives of local companies. With their help, we raised 1.4M USD for the <a href="https://medium.com/ltonetwork/legalthings-one-from-a-to-b-and-beyond-60534e0ff6b0" target="_blank" >seed round</a>.
</p>
</div>
</div>
<div class="timeline-item" data-text="GDPR Compliance concept">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/gdpr.jpg">
<h2 class="timeline__content-title">Jan 2018</h2>
<p class="timeline__content-desc">
We realized that our solution could solve the issue of <a href="https://medium.com/ltonetwork/legalthings-one-blockchain-gdpr-made-possible-68a5ce09e7ca" target="_blank" >GDPR compliance and blockchain compatibility</a>, and we needed just a few tweaks to achieve that. That was going to extend the scope of our solution and allow us to focus on a big public sector market: enterprises, multinationals, and governments.
</p>
</div>
</div>
<div class="timeline-item" data-text="Proof of concept for the Dutch Ministy of Justice">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/office.jpg">
<h2 class="timeline__content-title">Feb 2018</h2>
<p class="timeline__content-desc">
We built a Proof of Concept of the new solution for the Ministry of Justice and Security, following up on the hackathon win of 2017.
</p>
</div>
</div>
<div class="timeline-item" data-text="Winning EU tender: European waste transportation">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/waste-transportation.jpg">
<h2 class="timeline__content-title">Feb 2018</h2>
<p class="timeline__content-desc">
We won the European Union level tender by the Dutch government to streamline <a href="https://sociable.co/technology/blockchain-waste-transportation/" target="_blank" >waste transportation</a> among UK, Belgium, and the Netherlands using the blockchain technology.
</p>
</div>
</div>
<div class="timeline-item" data-text="Partnering up with CMS">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/cms.jpg">
<h2 class="timeline__content-title">March 2018</h2>
<p class="timeline__content-desc">
We partnered up with CMS, a multinational law firm headquartered in London with 1.3 billion USD in revenue in 2017, for a joint project on tokenization of shares.
</p>
</div>
</div>
<div class="timeline-item" data-text="Best code prize at BlockChaingers">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/blockchaingers.jpg">
<h2 class="timeline__content-title">April 2018</h2>
<p class="timeline__content-desc">
We attended the biggest hackathon together with the WAVES team and were awarded ‘the best code’ <a href="https://twitter.com/LegalThingsOne/status/982602655469133825" target="_blank" >prize</a> from BlockChaingers.
</p>
</div>
</div>
<div class="timeline-item" data-text="Partnering up with Dekra">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/dekra.jpg">
<h2 class="timeline__content-title">May 2018</h2>
<p class="timeline__content-desc">
We started working with DEKRA, a European vehicle inspection company (insurance sector) with over 3 billion USD revenue in 2017, for their GDPR compliant solution.
</p>
</div>
</div>
<div class="timeline-item" data-text="Launching waste transportation testnet">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/big-blockchain.jpg">
<h2 class="timeline__content-title">Jun 2018</h2>
<p class="timeline__content-desc">
We launched the testnet solution with the Dutch and Belgian governments following up on the tender, and organized an event in our Amsterdam office together with <a href="https://medium.com/ltonetwork/nucypher-legalthings-one-epd-made-possible-by-live-contracts-and-re-encryption-db8cbd818ea2" target="_blank" >NuCypher</a>, <a href="https://medium.com/poa-network/poa-network-x-legalthings-one-making-blockchains-gdpr-compliant-a60f98cedac2" target="_blank" >POA Network</a>, and others, who later on became our technical partners.
</p>
</div>
</div>
<div class="timeline-item" data-text="New token economy and our blockchain">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/token.jpg">
<h2 class="timeline__content-title">Jul 2018</h2>
<p class="timeline__content-desc">
After extensive research following up on the architecture of the new solution, we started switching to our own public chain and developed a <a href="https://lto.network/index.html#discover" >new token model</a>.
</p>
</div>
</div>
<div class="timeline-item" data-text="Release of documentation and papers">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/tech-paper.jpg">
<h2 class="timeline__content-title">Aug 2018</h2>
<p class="timeline__content-desc">
We validated and released <a href="https://lto.network/index.html#discover" target="_blank" >new documentation</a>: Sales Plan paper, Business Plan paper, Technical paper, Token Economy paper, and Token Financial paper.
</p>
</div>
</div>
<div class="timeline-item" data-text="Real Estate with Live Contracts">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/exporeal.jpg">
<h2 class="timeline__content-title">Oct 2018</h2>
<p class="timeline__content-desc">
After the first Real Estate contract on the blockchain with Merin, which was done in May 2018, we were awarded runner-up at <a href="https://medium.com/ltonetwork/shaping-the-real-estate-landscape-with-deloitte-mseven-and-others-c694459242a9" target="_blank" >Exporeal and REIN Innovation</a> competition.
</p>
</div>
</div>
<div class="timeline-item" data-text="Dell & Accenture competition">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/dell.jpg">
<h2 class="timeline__content-title">Nov 2018</h2>
<p class="timeline__content-desc">
We got to the finals of Dell EMC & Accenture <a href="https://twitter.com/LTOnetwork/status/1069941703719686145" target="_blank" >competition</a> yet again presenting to multiple potentials client leads.
</p>
</div>
</div>
<div class="timeline-item" data-text="London TNW event">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/london-tnw.jpg">
<h2 class="timeline__content-title">Dec 2018</h2>
<p class="timeline__content-desc">
We organized an <a href="https://twitter.com/LTOnetwork/status/1073313243857387525" target="_blank" >event in London</a> together with The Next Web and QMUL, with speakers from Evernym (Sovrin), Simmons & Simmons, Cambridge, and Barclays. Arnold also spoke about GDPR at the <a href="https://twitter.com/DutchChain/status/1067801405233250305" target="_blank" >DutchChain event</a>.
</p>
</div>
</div>
<div class="timeline-item" data-text="Goals for Q1 2019">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/q1.jpg">
<h2 class="timeline__content-title">Q1 2019</h2>
<p class="timeline__content-desc">
Mainnet launch and crowdsale: kicking off with the ready-to-use product.
<br>
<br>
Enabling anchoring for existing applications to LTO Network mainnet.
<br>
<br>
Start migrating existing clients to decentralized workflows, bringing large adoption to the mainnet.
</p>
</div>
</div>
<div class="timeline-item" data-text="Goals for Q2 2019">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/opensource.jpg">
<h2 class="timeline__content-title">Q2 2019</h2>
<p class="timeline__content-desc">
Implement summary blocks.
<br>
<br>
Verifiable certificates.
<br>
<br>
Public key authentication.
</p>
</div>
</div>
<div class="timeline-item" data-text="Goals for Q3 2019">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/q3.jpg">
<h2 class="timeline__content-title">Q3 2019</h2>
<p class="timeline__content-desc">
Implement new features into decentralized workflows: replace flows, diversion, and other features described in the technical paper.
</p>
</div>
</div>
<div class="timeline-item" data-text="Goals for Q4 2019">
<div class="timeline__content">
<img class="timeline__img" src="img/roadmap/future.jpg">
<h2 class="timeline__content-title">Q4 2019</h2>
<p class="timeline__content-desc">
Self-sovereign identity.
<br>
<br>
IoT integrations with Live Contracts, focused on professional equipment.
</p>
</div>
</div>
</div>
</div>
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