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4 года назад
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ARCS Chain, a blockchain based data banking infrastructure 

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Introduction
Privacy is simply the backbone of the internet. For internet to be a safe place for everyone , there must an element of privacy and users privacy must be respected.Privacy is one of the major challenges in the internet world despite the amazing benefits it offers to the global users.Users data are being intruded and used commercially without their consent. In recent years, one among the global social media giant popularly known as Facebook was accused by the users for intruding their privacy and selling their personal data for commercial purpose.Internet users personal data is their assets which must be protected and respected. Corporations globally has exploited their various customers for profits by selling their customers data without their consent. In this article , i will discussing about ARCS Chain, a blockchain based data banking infrastructure that allows user data management and users data to be protected and used with their consent.It is a Blockchain based Data bank and users centered ecosystem .ARCS Chain protects users data , prevents them from being tampered and provides functionalities which enables data transactions effectively conducted with businesses and individuals.

About ARCS Chain Ecosystem
ARCS Chain is powered on ARCS token which is the native currency of the platform .ARC token serve utility purpose in the platform , it can be used for buying and selling data within the platform .ARCS token is available in KUCOIN cryptocurrency exchange for investors or traders willing to invest and trade on it .ARCS Chain ecosystem ensures users enjoy self sovereign identities and enjoy fairer distribution in the profits generated from personal data. In a bid to protect the value of ARCS token, the team will set up new ARC Foundation in which 50% of the total issued Arcs will be locked as as foundation assets.ARCS Chain is a long term Blockchain
project which sees their investors and users satisfaction as a top priority.ARCS Chain ecosystem will develop a their party system in which assets can be efficiently utilized for the society .
Currently ARCS token is based on Ethereum network though in the future the team planned to have operate independent and highly scalable blockchain system in which ARCS will be re-issued.In the future ARCS also planned to issue a security token which will grant holders shareholding right and meet up with the regulatory standards.

How does Arcs Chain Platform works?
ARCS Chain platform ensures all users that register on the platform receives ARCS token as rewards for registering their personal data voluntarily on the platform and opening access for their data to be used. ARCS Chain allow users and companies to use Web platform application for transacting .Meanwhile, either users or companies will not be obliged to pay transaction fees. ARCS Chain is a public blockchain with 100% decentralization , manipulations on this platform will be highly impossible as data and transaction is clearly transparent to the public..Data owners have complete access and control over their data in the ecosystem . ARCS Chain will release PoC product which will cosist of test of identity and verifiable claims with (DIDS)Decentralized Identifiers,the information management system for the Data Banks and users , the security features and data association outside data banks.
ARCS Chain will fairly distribute rewards to their users , network operators and businesses .The Poc includes economy stimulants to understand the participants incentives.

Below are the details of ARCS Token
Token : ARCS TOKEN
Symbol : ARX
Total issued token : 20,000,000,000
Issuing company: IFA Co Ltd
Decimal : 15
Blockchain : Ethereum ,ERC20
Token Smart Contract Address :0x20b1a8a9ca1c7302b7f774266c491c7b11622779

Final thought ,
ARCS Chain focuses on improving the well being of the people around the world.The theory of ARCS Chain makes users data their personal assets .Some online stores sell their customers data to businesses without their consents. This happen because you would have to register your personal information with them before you could make purchase online.Examples are the online stores where we buy goods and services and as a result keeping custodian of our personal information . ARCS Chain gives you what belongs to you . One among the concepts of ARCS Chain is locking 50% of their total issued ARCS as the foundation asset. This will drive up the value of the token within the shortest period of time. It worth considering this class of project for investment.
TEAM

Official Resources
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=2694371
Bitcointalk username : Abosedemop
Eth adddress: 0x01f63d53845786A0c6366E94c7462E3e973Ccf8F

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