For any business to thrive, there must be a short term and long run business plan. This will simulate, using the factors of the target market, the ways revenue can be generated. A business with a great revenue model will benefit largely from the market conditions. It will also be less affected by market volatility.
Alre platform has developed a business model, that will help create adequate revenue to fund the vision. It is a complete protocol that will allow the blockchain ecosystem to grow naturally. The revenue model of alre will allow the network stakeholders to participate actively in the creation of revenue.
The Platform Data Bank
Personal data and information is gold. With the current trend of technology, data has become the driver for anything progressive. The IFA (Alre platform developers) will charge third parties companies, groups or individuals for accessing user data in the data banks. More so, since Alre is positioned to collect variety of user data, and with the help of blockchain, it can store as much data as possible in its data bank. To attract these third parties, Alre will collect varieties of extensive personal data. This will achieved by incentivizing users to give in more information to Alre data infrastructure.
The Third Parties.
Big data, data science and analytics is rapidly becoming a large sector in the technological industry. However, data is not in abundance. The industry has been forced to make do with the available collection of data. Through Alre, third parties can acquire data from the data bank to drive their analytics. This will prove cheaper and more reliable, when compared with the traditional data aggregators. Notable, this data in the Alre database are information given by users, personally. The users are consequently rewarded. When the industry observes the reliability and vast collection of data in the Alre database, the data analytics community will patronize the ARCS token and drive up network revenue.
Users
Since the information on the Alre network are data given by the users, the network reward system will be in accordance to the amount of information given. The volume, type and quality of data will determine the rewards of users. The system will request for a specific class of data, information given is consequently rewarded. This will motivate users to put true and useful data into the platform’s data infrastructure. The user rewards are paid in the network’s native cryptocurrency. This can be used as a payment method in cases of a need for the alre service applications by third parties. Therefore, when third parties request for a class of data, the platform informs all users to drop useful information as regards the topic.
Conclusion
The business model of the Alre platform is well distributed to include all network contributors. The third party, the platform developers and the users are the major stakeholders involved in the creation of revenue. The exchange and deposit of information will drive up the demand and usage of the network token. This will in turn generate revenue. The users will be the major benefactors.
Notably, the availability of variety of information classes of the Alre network will make it a trusted client of big data and data analytics group. This companies are always in need of personal data which has proven to be very scarce. Alre will revolutionize data availability and information monetization.
USEFUL LINKS
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
Medium: https://medium.com/arcs-arx-official
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432