Data is the new oil this ideology have gained credence over the years due to the mind boggling break throughs in technological advancement, as at today virtually all economic indices rely heavily on data to break even, it is expected that by 2020 about 1.7MB worth of data will be generated per second by every human being on earth.
The progressions and speculation seems like a really cheering news from a distance but a closer look by a experts shows a great deal of inefficiencies, exploitation and unfair manipulation of user data,s for selfish, political and economic aggrandizement. One of the major eye-opener to this age-long menance is the recent Cambridge analytical case. The aftermath of Cambridge analytical and the successive complaints from different quarter seems to have stimulate a group of blockchain based experts into the creation of a platform (Alre) and it's token (ARCs), it's an invention that will sanitize the data industry; a lucrative, fast-growing industry. With Alre users will not only have full control over their data but they will also be entitled to compensation if their data is used by another person or company.
INTRODUCING THE ALRE PLATFORM.
Alre,s ecosystem provides an ecosystem that create a bridge of understanding and equity between data banks and data by providing modalities for smooth transactions between individuals, business and companies.
Alre is poised towards acquiring different shades of personal data and then ensure that the owners of this data,s are adequately compensated. With Alre the practice of marketing, especially digital marketing will be easier and much more effective because accurate and adequate data will lead to easy reach to targeted audience.
HOW ALRE DOES IT'S WORK.
Alre takes cognisance of the fact that a alot of people in developing countries don't have bank accounts and so Alre proposes an ID/wallet that create easier accessibility than the normal conventional banks. The wallet will be a potential tool for inputting user personal information than can be visualized & measured through a scoring process by existing financial institutions accross the world. This gives a leeway to accept financial services that was previously impossible.
Alre platform is solely comprises of three (3) main functionalities namely input, information storage and information utilization. Inputing information by users on the platform is easy and will automatically attract a commensurate compensation (ARCs token). This collected information is stored in a data bank and specially embedded systems are in place to calculate the hash values for every data and ensure Security of the data. At this point the data becomes ripe for monetisation because the platform allows interested companies, businesses and private set-ups to integrate their business concerns into the functionality of this data banks.
The platform also entertains other benefits points such as:
o Provision of a new & better credit standard.
o can assign attributes to their digital identities using the decentralized digital identities (DIDs).
o An eased access to p2p loans as well as investments.
o Availability of wallets for housing ARCs token (platform utility token), for carrying out different transaction purposes.
o Alre will in not too distant time be tokenized into usable assets for the art, Security and real estate sector.
TOKEN INFORMATION
Token name: ARCS
Token type: ERC-20
Token symbol: ARX
Token supply: 20 million
CONCLUSION
Alre solutions and provision for the 'data economy' is not only soothing but also satisfactory, because it's focused on serving as data banks, data users and data creators, users have full rights and control as well as monetary benefits over their data, It promises to create real-time access to valuable and accurate data for achieving research results, analytics outcome, business insight and policy formulation/implementation.
For further information and enquiries please visit
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
AUTHOR'S DETAILS
Bitcointalk Username: Abulu730
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2539309