The research and development of blockchain and smart contracts has begun. A particular focus on the implications for the multibillion-pound GBP UK healthcare claims industry.
Development Of FinTech Powered Calculator To Tokenise Healthcare Claims
This innovation has the potential to expand learning opportunities while also addressing the independent investigation and legal expenses of medical claims in England and Wales. In a market where the NHS alone spends over £2billion GBP settling claims of which approximately £500 million GBP annually is paid out in Legal costs (NHS Resolution, Annual Accounts 2019/20).
Platform Developed (BETA) For Medical Professionals & Expert Witnesses To Screen & Report On Claims
We collaborated with medico-legal professionals who were tasked with conducting independent investigations into claims in order to assist them in streamlining their processes and gaining access to new sources of financing. Some of them are certified by the National Health Service or are instructed by someone of leading law firms in the UK.
UK Covid Lockdown Starts
We went into lockdown about the time we started approaching possible investors for traditional kinds of investment and finance.
NDA With Insurance Companies
We've begun preliminary discussions with insurers about insuring our healthcare claims programme. To create the first plan of its kind that would increase access to justice, was ESG-focused and transparent, and would assist claimants, defendants, and the NHS save money on legal fee.
NDA's with Investment Bank & Institutional Funders
A publicly traded investment bank and institutional funders approached us to learn more about or idea of creating a financial instrument to pay healthcare claims in England and Wales. Due diligence on our fintech-powered ESG methodology.
Initiated the development of a platform for upfront fixed fee services for all types of professional and legal services.
We discovered how our platform can be used for all types of legal services affected by the newly introduced transparency rules introduced by the Solicitors Regulation Authority (SRA), which are similar to the Financial Conduct Authority (FCA), while working on the project to fix the legal costs of healthcare claims.
LIT.Fund Innovation Incubator Launches
The LIT.Fund Incubator was launched while the project was in stealth to test the reaction from key players in the sectors we are targeting.
4 Law firms have signed NDA to explore how LIT.Fund tokens can offer their clients with a more ESG focused funding
Several lawyers sign NDA's to discuss opportunities to join the platform
Largest patient safety charity in UK signs NDA
Several expert witnesses sign NDA to join the platform
2 expert witness agencies sign NDA to start exploratory talks about the platform and funding opportunities
Leading Medico-legal Training provider signs up
2 legal costs recovery firms and and many costs lawyers signup
Discussions and collaborations are ongoing. Some of these partnerships and schemes will be announced in the future.
Listed Investment Bank Completes Due Diligence & Makes An Offer (With Caveats)
Following 51 weeks of working with an investment bank that carried out due diligence covering everything, the bank made an offer for a multi-million-pound facility with caveats for traditional funding rather than a DeFi powered blockchain and smart contract-powered digital asset-backed model.
21 November 2021
UK Law Commission Publishes Report For The UK Government & Announces Blockchain-Powered Smart Legal Contracts Are Classed As Enforceable
On the 25th November 2021, the Law Commission (a statutory body set up by the UK Government) declared that ‘…the current legal framework in England and Wales is clearly able to facilitate and support the use of smart legal contracts, without the need for statutory law reform’.
Frontier Legal LTD has already developed court-compliant, smart legal contract capabilities, as well as a strategy for the execution and adoption into the UK legal market. The Law Commission’s findings remove barriers, and empower LIT.Fund model to rapidly deliver on that strategy, and grow the adoption across multiple legal processes, and in any industry where contracts are exchanged.
22 November 2021
We Start Planning The LIT.Fund Token (LFND) and NFT Coin Launch
Being involved in innovation in the legal sector can be a very painstaking process for innovators. But the statement on the 25th November 2021 gave us the green light to go live with what we had been planning to do since 2017.
11 January 2022
Every lawyer will require familiarity with crypto, says Master Of The Rolls
Every lawyer will need to know about blockchain, smart legal contracts and cryptoassets, the master of the rolls stated today. 'Major developments are imminent. They will mean that every lawyer will require familiarity with the blockchain, smart legal contracts and cryptoassets,' Sir Geoffrey Vos told an event to launch a new edition of authoritative guidance on the legal and regulatory aspects of the technologies underpinning digital currencies and the booming market in 'non fungible tokens' (11 Jan 2022, Law Gazzette).
Website Launch & NFT Coins Are Unveiled For The First Time
Website soft launch and social media accounts are unveiled for community building and professional partnerships to begin.
Private Sale, AMA's & Affiliate Programme Starts
AMA (Ask Me Anything) Sessions With The Team & Project Co-founders Covering Healthcare, Legal, Insurance & Property Sectors.
Presale Whitelisting Begins
First Projects By Innovators Begin
Following our AMAs the LIT.FUND launchpad began partnerships in stealth with clinicians, lawyers & professionals to start offering
Project Updates, LIT.FUND FC NFT Token Sale Starts & Public Exchange Listing Announcement
LIT.FUND NFT Store launches for participants who have signed up for presale whitelist. NFT Store will offer presale NFTs with 20 month LFND token rewards for the first wallets to mint and register each NFT.
Geoff Simpson-Scott joins LIT.FUND team as head of Healthcare & Legal Innovation to progress projects and update LIT.FUND Community.
15 October 2022 exchange listing update & KYC platform is expected to go LIVE.
Exchange Listing Update
First exchange listing of LITFUND Tokens expected to be early as 21st Oct 2022 on CoinTiger Exchange*. Follow our telegram for updates.
5th SEPT 2022
LIT.FUND appoints Geoff Simpson-Scott as Head of Healthcare & Legal Innovation.
LIT.FUND appoints Geoff Simpson-Scott as Head of Healthcare & Legal Innovation.
Geoff brings 20 years’ experience of clinical negligence to LIT.FUND. He will be applying his extensive knowledge of litigation resolution strategy to provide innovative and successful healthcare claims solutions.
Geoff has developed his expertise at several leading law firms; most recently as Head of Clinical Negligence at a national consumer law firm. He is an experienced leader, communicator, data analyst, auditor and trainer.
Geoff has been recognised in The Legal 500 as being “always helpful & understanding” and is the currently writing the 3rd Edition of his popular practitioner text ‘A Practical Guide to Clinical Negligence’.
Geoff will use the LIT.FUND Launchpad to engineer blockchain-powered smart legal contract protocols to improve outcomes for all stakeholders. One such use case is building a smarter informed patient consent process to reduce case durations in litigation & improve the delivery of efficient healthcare.
3 OCT 2022
LIT.FUND announces launch of its protocol-driven and smart contract-powered NFT Launchpad for innovators
LIT.FUND is proud to announce it has launched its protocol-driven and smart contract-powered NFT Launchpad for innovators to drive ESG-focused transformation and change in different industries.
The launchpad provides companies, brands, and innovators who are on a mission to drive innovation through launching smart protocols for their industry. These protocols can execute immutable smart contracts and issue NFTs for processes/procedures/audits that may have traditionally slowed down transactions, payments or delayed offers for funding and services. Protocols being developed by participants are helping to eliminate the lack of data transparency, trust between parties and governance which can currently give rise to disputes or forgery.
The platform is already being used by the LIT.FUND professional community from the legal, healthcare and crypto sectors to build safer and more informed ways for doctors to obtain patient consent for medical procedures. For building smarter and immutable independent audits and reporting protocols for litigation funders and insurers. In addition to building a better way to launch a crypto token presale that can help avoid a 'pump and dump' or 'rug pull' scenario.
Geoff Simpson-Scott who is head of healthcare and legal innovation at LIT.FUND explains how his division is using the NFT Launchpad. "LIT.FUND's launch of it’s NFT platform starts the journey towards using smart contracts to improve access to justice, fair compensation and reducing legal costs.
The immutability of recording transactional events on the blockchain increases the transparency of what is occurring both during a clinical negligence case itself and to the events giving rise to compensation claims before the harm arises. This greater degree of transparency will lead to clearer accountability, improved trust on both sides and reduces the scope for disputes in the way Sir Geoffrey Vos MR envisages."
The LIT.FUND launchpad is already working with innovators who are seeking to transform small to multi-billion GBP industries by participating in the LIT.FUND Launchpad and collaborating with the development team. If you are an innovator and want some support with launching the first and best-in-class Web3 solution for your industry, then visit the LIT.FUND website to read about how you can join the launchpad or contact Sajid Hussain.
If you are a crypto or NFT investor, then this is a great time to learn about how LIT.FUND NFTs and LIT.FUND Tokens (LFND) are transforming the way a token presale is carried out. Please visit https://lit.fund for more information.
19 OCT 2022
LIT.FUND project hits top 6 of 'Today's Best' Crypto Project Category
The LIT.FUND project on its Debut Makes it into the Top 6 of 'Today's Best' Crypto Project Category out of over 1400 crypto projects listed on the site.
We kindly request the support of the LIT.FUND Community to show some support and vote for LIT.FUND. You can show your support by visiting the CoinSniper.net website. Registering and then voting for the LIT.FUND project. You can only vote once in 24 hours. Thank you to everybody who has voted already we are very close to being in the top 5 projects today! 🚀🚀🚀
Watch the first announcement about 'Earn LITFUND by Tony Brown a LIT.FUND Co-Founder. It’s going to be a Super Saturday!
As promised: YOU CAN NOW EARN LIT.FUND
For all those interested in earning tokens watch this short video and follow this link: www.lit.fund/signup
YOU SPOKE & WE LISTENED ❤️🚀🚀❤️
(Kindly note we heave built this due to the high demand of interest in supporting/working with us and the impossible number of DMs we are receiving! Going forward all DMs will be directed to our signup page ☝️)
25 OCT, 2022
LITFUND Tokens List on First Exchange
LITFUND/USDT will be available on #CoinTiger Exchange on the 25TH OCTOBER @ 10.00 UTC
What is LITFUND? LIT.FUND is a DeFi-powered utility token & NFT project with a Web3 launchpad for innovators & pioneering companies. Projects using our launchpad aim to drive ESG-focused transformation in small to multi-billion-dollar markets. These projects are part of our mission to bring revenues from traditional markets on chain through LITFUND Token buybacks.
Contract Address: https://t.co/sZvklTG1Lu
Official website: https://t.co/mcJB116XVS TG group link: https://t.co/tL2AOOtOuf Twitter: https://t.co/cyoM4QHmuk
Fixed Fee Marketplace Launches To Vendors And Professionals
Update Of LIT.FUND Grants (LITFUND) For Projects & Innovators
AMA (Ask Me Anything) Session With The Team & Project Co-founders
Updates & Announcements Expected in Q1, 2023
Monthly AMA (Ask Me Anything) session with the team & project co-founders to update progress and performance.
FixedFeeServices.com update early vendor onboarding (BETA).
Update about progress of healthcare & legal projects.
Update on other exchanges listing LITFUND tokens.
14 Jan, 2023
First Update For 2023
We are excited to announce that some of our projects as of the 16 Jan 2023 are at minimum viable product (MVP) and early revenue stages. We are updating our VC deck and roadmap. Having projects at early revenue and MVP has opened up access to over 64 targeted VCs in Jan 2023. Roadmap will be updated with milestones & achievements later this month.
There's a lot of progress happening. Stay Tuned!
7 Feb, 2023
Website Updated 7th Feb 2023, FreeClaimCheck.co.uk Project Information Released And We Continue To Engage With VCs
LIT.FUND website and roadmap updated. Also information about the FreeClaimCheck.co.uk project is unveiled. Please visit https//lit.fund for more information.
LIT.FUND is currently engaging with with VCs to raise funding for a number of exciting Web3 projects launching out of the LIT.FUND Launchpad. We will be providing an update at our next LITFUND FC AMA.
7th Feb 2022
This is a live roadmap and will be updated as projects come out of stealth and begin to show their progress on our roadmap. To stay updated please follow our social media.