Introducing the ARCS blockchain platform (ARX)

About

Every day more and more people reduce the use of traditional cash and switch to electronic money and pay with debit, credit cards, cell phones that have NFC technology. On the one hand, this greatly simplifies the conduct of many businesses and the process of interaction between the parties.

One of the main drawbacks of the existing banking system, especially for users, is the centralized basis of this system, which does not provide full transparency and security of customer funds and can transfer and sell them to third parties. This situation may eventually lead to complete distrust and search for alternative payment systems.

Therefore, it was natural and not surprising to see the emergence of blockchain technology, which is able to eliminate the existing shortcomings of traditional payment systems and take into account the interests of users more. A striking example of demonstrating this innovation is the bitcoin cryptocurrency, thanks to which every inhabitant of the earth can open an account, transfer to any point of the world in any volume, remain completely confidential, providing decentralisation!

This invention is actively developing and begins to offer more and more interesting, unique and useful services for users in various directions. Ethereum has given the digital ecosystem smart contracts that address the issue of trust between participants and keep their funds from being lost and stolen. Blockchain provides full transparency and accountability from projects that start implementing it.

What is ARCS? Why choose ARCS

ARCS functions as native token in AIre ecosystem. AIre provides functionality for management and storage of various data structures in “data banks”, which is essentially a business to monetize data. Network participants can access and build on Data Banks via custom build applications or directly through proprietary APIs. This provides a flexible framework that makes it easy for companies to build their business scenarios and applications with powerful insights from data analytics.

The project takes its root in a vision of bringing well-being to individuals around the world. ARCS aim to empower individuals with ownership of their own data and identity so they can harvest the value it holds, instead of giving it away for free. Individual ownership of data and identity along with a network of data banks will enable multiple business scenarios and solve some of the world’s toughest problems e.g. personal data exchange, data monetization, financial inclusion, lending/funding, scoring and reputation, and privacy.

In recent years, personal data has become increasingly fragmented across different services and often rests in databases without proper user consent. This leaves users without proper control of their data and, to some extent, their identity.

To solve these issues, AIre enables unified management of user data which allows for data to be used with consent and data rights protected. AIre refer to the interface which can offer these services as a “next-generation bank” . The next generation bank is a comprehensive digital wallet necessary for the coming era of digital transformation.

Token Specification:

Entity to issue tokens: IFA Co., Ltd.
Token name: ARCS
Token symbol: ARX
Total minted tokens: 20,000,000,000 (20 Billion)
Issuing schedule: Issue all tokens at once
Number of decimals: 18
Blockchain platform: Ethereum
Token standard: ERC20
Contract address: 0x20b1a8a9ca1c7302b7f774266c491c7b11622779

ARCS team

WEB: https://www.arcs-chain.com/
TWITTER: https://twitter.com/ARCS_ARX
TELEGRAM: https://t.me/ARCS_ARX_EN
WHITEPAPER: https://www.arcs-chain.com/whitepaper...
Author:
usernameBCT: Cosnigraphie
Profile: https://bitcointalk.org/index.php?action=profile;u=2795863