Review ARCS 

Cryptocurrencies are a digital currency, designed to serve as an alternative means of exchange for fiat money. Cryptocurrencies use algorithms to secure and validate transactions as well as control the establishment of new units within a given cryptocurrency network. Basically, cryptocurrencies are a form of database with limited input, no one can change them if they do not meet certain predefined conditions.

In the 1990, when technology began to boom, people were constantly making efforts to create digital currencies, such as systems like Flooz, Beenz and DigiCash. These projects were once known in the market but they quickly went into the past for a number of reasons such as fraud, financial problems, even due to internal conflicts of the development company.

Most notably, all contemporary systems adopt a "Trusted Third Party" approach, that is, the companies behind the system to validate and expedite transactions. So the collapse of companies means the disappearance of digital currencies.
Now there is a company that dares to stand up amid the turbulence in the Blockchain market to innovate these technologies, which is ARCS a token in the AIre project ecosystem. ARCS denoted as ARX is used to reward users in the ecosystem. This ecosystem is focused on a data bank. This bank will contain user data and provide it to 3rd parties. Third parties will pay to get data to serve their activities.

Many online applications are now considered free. Actually not completely free. If free, how to maintain the company? They take our daily data for their own purposes. This is that they have taken our data to run ads.

So what does it have to do with ARCS? The relevance here is your personal data. You will receive ARX when you contribute your information in the information banking ecosystem. Not taken away without the user's permission.

ARX tokens act as a fuel source to accelerate this ecosystem development. IFA will pay with ARCS to get information. When there is a lot of data, companies will keep an eye on it. To buy data, they have to pay with ARCS. At this point, companies are required to use fiat to buy ARX at exchanges. Then use this token to buy information. Companies can also provide services to users to receive rewards. These services will likely meet the needs of users. Users are willing to use the ARCS to use this service.

What is the AIre project?

AIre is a project of IFA. The goal is to become a new generation bank. A data bank. AIre they will collect user data by incentive with ARCS token. More precisely, a business makes money from data. They will take charge from ARX transactions through the data bank.

Functions

Insert information
IFA will provide or develop tools to collect data. Data such as links of social networking accounts, location, web history, health care data ... Of course, there must be user consent. In return, you will receive ARX.

Data saving
Data banks will use Blockchain to store collected information. Because the data is stored on Blockchain, forging information becomes impossible. This creates a transparent product of the data.

Use data
Exclusive APIs from AIre provide companies to integrate into their work and applications with data banks. Even provide data banking services specifically for these companies.

In early January, the AIre team began developing the AIre PoC chain with Parity Substrate in collaboration with Stake Technologies. PoC is the first step towards TestNet, followed by MainNet. The purpose of PoC is to verify the feasibility of requirements in digital banking documents and digital identities, test business models with simple test and deployment protocols.

Feasibility study of the requirements

Data banks and digital identification are the cornerstones of the AIre chain function. To meet these requirements, the PoC will include identification checks and complaints with a Decentralized Identification Number (DID), information management mechanisms between users and data banks, and data links. Data outside the data bank and has security, scoring and security features. Based on the results, the AIre team will conclude if the requirements are feasible.

Testing business model

The ecosystem is built to distribute and reward fairly for users, carriers and businesses. The PoC includes an economy simulation to understand participants' preferences.

Test protocol

Based on preliminary research, Parity Substrate was chosen for PoC because it has the potential to meet the above requirements. Parity Substrate provides the level of modularity, flexibility, performance and security that the AIre chain aims to.

Specification of Token ARCS

Token issuance entity: IFA Co., Ltd.
Token Name: ARCS
Token symbol: ARX
Total supply of tokens: 20,000,000,000
Release plan: Release all in one go
Number of decimals: 18
Blockchain Platform: Ethereum
Token Standard: ERC20

TEAM :

Conclude :

The project is on the right track when focusing on the benefits of the user. They are starting to grow stronger because a lot of big companies have invested in. Great

Website: https://www.arcs-chain.com/

Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b

Telegram: https://t.me/ARCS_ARX_EN

Twitter: https://twitter.com/ARCS_ARX

Medium: https://medium.com/arcs-arx-official

Bitcointalk Username: freshtictacs
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1236371