The reason to start our own dedicated blockchain solution was winning the hackathon challenge from the
Dutch Ministry of Justice back in 2017. It turned out that our workflow engine which was based on a
deterministic finite state machine technique was a perfect match for a private blockchain.
We modified the workflow engine in such a way it was possible to communicate the state change in the
respective process to the other participant in the process. These actors didn't need to wait for an
phone call or fax that a step was executed, they could all calculate it themselves on their own nodes.
This was unlocking a whole new level of efficiency that could change the way organizations and
governments work together on repetitive processes. That when we decided to take this to the next level
adding also a public chain layer (as bitcoin was too slow and expensive) to secure the data transactions
taking place in those private workflows. LTO Network was born.