Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition's live P2P trading use case, and co-innovated with SAP. Lition, in co-innovation with SAP, is a foundation that develops the next generation blockchain infrastructure designed for businesses to bring blockchain applications from their currently predominant Proof-of-Concept stage into commercial products with mass-market adoption in a legally compliant way. Our infrastructure is the only scalable public-private blockchain with deletable data features. SAP, a company with >400.000 customers and the power of >10.000 developers, is developing the decentral ledger and smart contract layer, with Lition providing the open consensus layer.
Company incorporated;<br />
<br />
Initial Fundraising;<br />
<br />
Licensing process for electricity supplier initiated'<br />
<br />
Alpha version of app;<br />
<br />
First partnership initiated.
Q1 2018
License as an electricity supplier obtained in Germany;<br />
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Beta version of P2P energy trading app;<br />
<br />
First green power plants connected to Lition Energy Exchange;<br />
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First employees on board (4 internal and 6 external).
Q2 2018
Mass market ready (>41 million households);<br />
<br />
Scaling up connected green power plants to 18 GWh in Germany;<br />
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Smart reader integration;<br />
<br />
Business requirements for blockchain specified;<br />
<br />
Design of blockchain architecture;<br />
<br />
Technical advisory SAP.
Q3 2018
Use case for P2P applied for energy retailing piloted;<br />
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Leading energy partners on board;<br />
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25 people at Lition;<br />
<br />
Office in Beijing opened;<br />
<br />
Technical WP released;<br />
<br />
Blockchain prototype;<br />
<br />
Development with SAP started.
Q4 2018
Seed funding round completed;<br />
<br />
Commercial expansion of P2P Energy trading use case;<br />
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Support of German Blockchain Law makers enabling STOs in Lition Blockchain.
Q1-Q2 2019
Testnet 1.0 public release ;<br />
<br />
P2P expansion to large industrial clients;<br />
<br />
Smart grid use case launch;<br />
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Energy-data driven use case launch;<br />
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1st use case migrated;<br />
<br />
Testnet 1.0 public release;<br />
<br />
dApp Partners onboarded;<br />
<br />
Team Scale-Up.
Q3-Q4 2019
Growth of partner network within energy sector;<br />
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First pilots of regulated industries outside energy;<br />
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Mainnet 1.0 public release;<br />
<br />
Testnet update;<br />
<br />
Large-scale user migration.
2020
Large-scale marketing for ecosystem;<br />
<br />
Worldwide commercial, large-scale use cases of industries<br />
<br />
outside of energy (healthcare, finance);<br />
<br />
Mainnet 2.0 public release with full set features.
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