Introducing the ARCS data bank
Hello dear friends. The new year has begun and it becomes interesting to me what the cryptocurrency world has to offer us today and the new projects we will see in the new 2020. Now my attention has attracted a very interesting project. But it will provide us with new ways to scale blockchain technology, which is very interesting. The project to be discussed today is called ARCS.
Problem
The biggest problem in this industry today can be considered the security of secure data. The reality is that each online project has its own characteristics, which makes it difficult to develop decentralized applications. Today, the most popular platform is Ethereum, on which more than 2300 Dapps have been created. Which automatically makes him a market leader.
However, ARCS came up with its unique idea, namely developing its applications on the AIre platform. This opens up new opportunities for blockchain developers around the world. The fact that working on AIre's platform, developers will be able to easily deploy their applications more effectively.
Introducing the Alre Platform
Alre is simply an ecosystem that connects spaces between data banks and their users by providing data bank functions that they can easily operate efficiently and transact with personal and business with ease.
This is a blockchain-based platform targeted to get different types of personal data, add value to the data, then return it to users. Undoubtedly, these valuable data will be an effective tool for marketers and advertisers to reach their target audience, thereby promoting their businesses.
The next question you might want to ask is how does this platform plan to accomplish this?
To put it simply, since we all know that the majority of people living in developing countries do not have a bank account, Alre has come up with a solution that provides IDs / wallets that are much easier to access than Bank account. This wallet will allow users to enter their personal information that could potentially be visualized through grading and not measured by existing financial institutions. This will allow them to receive financial services that they could not previously receive.
Other benefits of the Alre Platform
- Easy access to P2P loans and investments
- Provide a new credit standard
- Deploying Decentralized Digital Identification (DID) to their blockchain so that users can assign attributes to their digital identities
- The wallet availability for ARCS (the platform's native token), payment tokens, and linked services allow platform users to trade with tokens and use them for other purposes
- Alre also has tokenization plans for assets including art, real estate, and security that can be exchanged in real time on the platform
The ARCS platform has 3 main parts:
Receive information.
Users provide personal information such as gender, health status, residence, social networks ... ARX will then give a reward to the user.
Save the information.
The information provided will then be stored on the blockchain. The blockchain platform, thanks to its superior technology and distributed characteristics, cannot be stolen or modified.
Information extraction
Businesses or organizations will work with Alre to get APIs to access the database. In addition, they can also choose to buy once off.
After successfully implementing ARCS (ARX) on Ethereum and being listed on KuCoin, the AIre project incubator, IFA, has initiated conceptual proof (PoC) on the AIre blockchain infrastructure (AIre chain). ). PoC is being developed in cooperation with Stake Technologies and is expected to be completed in the second quarter of 2020. Sota Watanabe, CEO of Stake Technologies commented on this Software Software We are happy to cooperate with IFA and develop Develop core infrastructure for data banks on Substrate. Our mission is to realize Web3.0, the next generation decentralized Web. This PoC could be one of the use cases of Web3.0 because users control their data and they have the right to choose whether they can sell and buy data. Through this PoC, we want to find a way to create a fairer and better data market.
Information about ARCS token (ARX)
Symbol: ARX.
Contract address: 0x20b1a8a9ca1c7302b7f774266c491c7b11622779
Blockchain: Ethereum.
Token Type: ERC-20.
Total supply: 20 billion.
Homepage: https://www.arcs-chain.com/
ARCS token distribution plan (ARX).
The figure of 20 billion ARX tokens is planned by the development team as follows:
50% is held by intermediaries.
20% is devoted to development and operation.
12.5% is in reserve fund.
12.5% is used for airdrop program for Alre Startup supporters.
2.5% is reserved for the development team.
2.5% is reserved for partners.
There is a future plan in building the platform's individual blockchain to ensure better scalability, customization, and performance, so token tokens will be implemented in the future from ERC- 20tokens to Alre's exclusive blockchain token.
TEAM ARCS
Conclusion
Great simple idea. It is detailed in the small document. However, the lack of a prototype is still causing some doubts among users. But the ARCS idea deserves our attention. Perhaps this very project will allow us to scale blockchain technology globally. Thanks for attention.
Website: https://www.arcs-chain.com/
Twitter: https://twitter.com/ARCS_ARX
Telegram: https://t.me/ARCS_ARX_EN
Medium: https://medium.com/arcs-arx-official
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
author : Lastpostt
URL bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2785652
Wallet : 0xD6a511493Fb32DB7521a0a8f3Fa4593802E75CBC