Currently, multiple different government bodies supervise and authorize the export, import, and transportation of company waste throughout the European Union.
The EU supervises various aspects of these processes such as granting permits, notifying involved parties of waste transports, and scheduling random sample checks.
Execution of steps in the process happens on paper forms in multiple languages. Even the fax machine was still used to update the OVAM in Belgium.
By implementing LTO Network into the system to issue and verify the permits, approval of the transportation request happens automatically. Sharing data happens directly with the waste processor and authorities in case of cross-border transportation.
The transportation companies can use their smartphones to show their transportation documentation to the authorities in case of a random check. The inspectorate can derive the data directly from the LTO Network blockchain.
By digitizing the protocol that already existed on paper into a 'Live Contract' parties were able to connect their existing systems to LTO Network to communicate and share data and notifications in real-time.
Administrative tasks such as manually entering data into your system that are received by letter, fax, or email belongs to the past. Using LTO Network's blockchain technology, all parties now collect structured data. They now benefit from data re-use and automated status updates which reduces manual handling by more than 30%.
Parties that collaborate using LTO Network can keep using their system to participate in the process while benefiting from data being re-used, automated checks and verification, and real-time status updates. By enabling LTO Network, you can realize up to a 50% reduction on administrative overhead.
GDPR makes it difficult to use new technology such as blockchain. With LTO Network, we have built-in privacy by design. Every party involved 'signs' a transaction, whether that's a step in a workflow or an upload of a new document. A 'live Contract' is structured in such a way that it can delete the data automatically after a specific step executes, or if the process is older then, for instance, 24 months.
Using LTO Network to collaborate on multi-stakeholder processes benefits from data re-use, real-time status updates, and notifications.
Collaboration on a process that runs between multiple parties is hard to automate as communication happens via email, phone, and letters which produces unstructured data.
Using blockchain technology of LTO Network organizations can share the data in a GDPR compliant way and the data can be trusted as it is immutable and signed by the party that submitted the data.
Relying on the system that is managed by your counter-party does not provide a level playing field. Parties don't want to share more data than strictly required to complete the process.
By easily connecting APIs of your existing applications to the LTO Network Node, you and every other stakeholder involved can participate in the workflow while keeping existing IT in place.
'Traditional' blockchain solutions require extensive and costly IT overhauls due to existing (legacy) systems.
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