The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies.
The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company specialized in offering consult and training services on Quality, Health, Safety and Environment (QHSE). With over 20 years of experience, Federico has a background in entrepreneurship, management, process mapping, and optimization; offering a unique perspective to the LKS Foundation. All members of LKSCOIN offer years of experience in different industries. Their knowledge was applied in the development of the organization and the blockchain-based solution they are now offering to content creators.
The first project of LKS Foundation seeks to ensure the development of a cryptocurrency designed to have a significant impact on the web by offering the possibility to track and remunerate, through payments and donations, content creators within social networks. The LKSCOIN is already and will enhance its mission of being a means of payment for content creators, capable of protecting the copyright of their content.
In today’s world, digital content represents a $153 billion industry that will continue to grow in the years to come. Unfortunately, like many other industries, it has its flaws. The biggest issue with digital content is ensuring the traceability of the origin of the content, guaranteeing authors their rights over the content that they produce. The LKS Foundation has analyzed the industry and studied this specific problem, developing a blockchain-based solution capable of overcoming the difficulties that social media represents to copyright holders.
Additionally, the LKS Foundation comes with an already tested solution.