Digital identity with AIre-chain and ARCS
Blockchain technology was created with the ability to disrupt and enhance many sectors, industries and convective financial systems. However, despite the revolutionary benefits and properties displayed by blockchain technology, it has not yet been fully acknowledged by a large number of countries and governments. The reason for this negative adoption in blockchain adoption lies in certain challenges such as scalability, storage, usability issues, etc.
Unlike when the internet emerged attracting famous industries, experts and organizations collaborated to realize a faster, more convenient, and larger environment for connecting and sharing information, on the other hand, Blockchain technology is not accepted by many individuals. Therefore, only a few people are involved in improving the capabilities of blockchain technology.
Constraints affecting blockchain technology not only affect cryptocurrencies but also hinder other functional areas of interest in leveraging blockchain technology in their operations. Currently, some blockchain platforms and networks are fraught with holes, which limits the acceptance of application developers. Therefore, ARCS was established to provide the solution required by the developers of Multifunctional Applications to overcome the limitations of the flawed blockchain ecosystem that exists in the blockchain space.
What is ARCS Token ?
ARCS Token is a new project, has a great team and it is listed on the Kucoin exchange and they are deploying good technology on the ARCS platform built with high technology and good control in the ecosystem. . The ARCS token is using the erc20 token standard and the ARCS token Alre's original token,
ARCS Token feature they make it faster and use high-tech creation ecosystem on the platform, ARCS Token has been able to trade in several Exchanges so we have a chance to receive the Benefits with ARCS Token.
About AIre
AIre is an ecosystem centered around data banks and their users. It provides functionality for data banks so they can operate effectively and transact with businesses and individuals. This section explains AIre, its functions, and its business model. It also includes a description of steps to prevent data damage through the use of blockchain technology and interconnected data bank hubs.
AIre provides functionality for management and storage various data structures in "data banks", which are basically businesses for monetizing data. Network participants can access and build AIre through applications created specifically or directly through an exclusive API. This provides a flexible framework that makes it easy for companies to build their business scenarios and applications with strong insights from analytic data.
The AIre project philosophy is the desire to improve welfare for people throughout the world, not only physically, but also mentally and socially. AIre's vision is to empower individuals through the rights to their data and the values held by their data. The ecosystem will include many participants, ranging from individuals to large data companies. Participants will be able to transact with each other, protected by "code rules" that are enforced by smart contracts that are distributed to the blockchain network. This allows businesses to buy and sell data while complying with personal data regulations, which in turn increases their data analytic capabilities and gain meaningful insights. Individuals who provide information to data banks will be protected by a high level of privacy and receive prizes based on entering data and it's used. Buying and selling data is increasingly becoming a major part of our lives, the proposed Aire ecosystem will make buying and selling data an integrated part of our lives while ensuring privacy and fair distribution of data trade.
What does AIre stand out for?
AIre wishes to become a data bank. Where users can benefit from providing information and data to companies and businesses. Companies can earn accurate and quality data.
AIre has 3 main functions:
Enter the information
Users can enter personal data information such as gender, health, location, links of social networking accounts ... In return users will receive rewards from AIre for their contributions. .
Save data
The information provided by users will be kept confidential by applying Blockchain technology. Thus data will not be stolen or modified.
Use the information
The proprietary APIs provided by AIre will allow companies to integrate applications and data into data banks. In addition, companies can purchase data from AIre.
The solution
AIre solves the problem of inefficient data usage. At present, each company only stores and uses a portion of the information left by its users. Therefore, complete and accurate user profiles cannot be collected. Users generally have negative feedback about current data usage because the information and / or recommendations they receive because they are often used are not accurate. To overcome this problem, AIre enables integrated user data management which allows data to be used with protected data agreements and rights. We believe that this mechanism can provide various application services for users. We refer to the interface that can offer this service as a "new generation bank". The next generation bank is a comprehensive digital wallet that is needed for the transformation of the coming digital era. One service provider will not provide all services and each service provider will provide services as part of the next generation bank using one token. The next generation bank is a digital wallet that handles this service. AI tokenizes valuable items as security tokens through data banks, such as shares, for real plantations, art, etc., and make payments / transfers using cryptocurrency. Further details are explained in the "future development" section. AIre uses this data to create new evaluation standards. In addition to ensuring compatibility with other companies participating in the AIre platform, AIre will take the initiative in handling new technologies and concepts about data management users to become a truly "sovereign user" platform.
ARCS token details
The ARCS token is issued based on the parameters shown in the table below:
Token distribution
ROADMAP
TEAM
Hopefully, my last post helped you to have an overview of AIre project as well as ARCS Token.
What do you think after reading this article? Please share your opinion in the comment section below the article. I as well as all the support will answer you in the shortest time.
Website:https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Twitter : https://twitter.com/ARCS_ARX
Telegram : https://t.me/ARCS_ARX_EN
Announcements : https://t.me/ARCS_ARX_News
Medium : https://medium.com/arcs-arx-official
Authors info
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2727645
Bitcointalk username : Robertstocas
Eth adddress: 0xa84E21CB02D045D6bd520024b8E753bBfeF08b39