LITION: Offering Scalable Public-private Blockchain for Commercial Products

Lition is committed to providing an accessible onramp to blockchain for all organizations. We believe that making integration and compliance as seamless as possible is the key to bridging the gap to adoption

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Lition is a scalable public-private blockchain infrastructure with deletable data features, made for commercial products with the goal to set the best blockchain standard for businesses. Lition enables blockchain-based applications to step out of their current niche into commercial mainstream deployment. Its blockchain development is co-innovated with SAP, whose Chief Innovation Officer Dr. Jürgen Müller is also Lition's advisor.

An Eminent Leadership

Dr. Richard Lohwasser, Founder of Lition, holds a Ph.D. in energy economics and is an internationally awarded IT specialist and blockchain expert. At 17 years, he developed and founded the startup Clanintern.de, a leading top 10 website at that time in Germany, with 1 million views per day.

After founding another tech startup in California and working for six years as a strategy consultant for McKinsey, he was appointed the youngest director in the history of Vattenfall - a US$10 billion European utility corporation.

Before founding Lition, Richard was the Managing Director of German operations at a leading independent international energy supplier ExtraEnergie, where he was responsible for managing 350 employees and generating over US$1 billion in sales.

Richard is now the CEO and Founder of Lition and the driving force behind the explosive growth of the company.

Setting New Standards for Blockchain Management

The company says that the commercial blockchain needs come in all shapes and sizes, and currently, the available platforms are inadequate to meet the stringent requirements of the business world.