ALRE PLATFORM - A RELIABLE DATA STREAM
In the digital space today, data is said to be very valuable as a result of the things which could be achievable with it.
Most systems like big companies utilize data in making reviews and analysis of their system and performance.
But, unfortunately, the data industry has not been living up to expectations as it is unable to facilitate the secure storage of data and foster the easy monetization of data by the users.
This is evident in the fact that over the years, there have been numerous data breaches, in a lot of systems, jeopardizing the users and making them miss out on the benefits of their data.
Most systems who are in dire need of data for the development of their systems, find it difficult to get a reliable system to provide that, letting most of them resolve dishonest means of sourcing for data which includes hack and other acceptable practices.
This setback has become disturbing in the entire digital space for data owners and companies who need data to function effectively.
THE ALRE PLATFORM HAS SURFACED TO SOLVE THE PROBLEM OF INEFFICIENT DATA USE
To solve the problem of inefficient data use in the data industry, the Alre platform has come into existence, as a data hub, which will meet the demands of all the members of the data system.
Alre data platform is designed to eliminate all the risks faced by users in the data system such as data theft, inadequate compensation of data owners and many others, and the efficiency of the Alre system is guaranteed by the Blockchain.
This data system is created on the Blockchain, an efficient technology which makes the storage of data and its utilization to be super-efficient.
THE WORKING CONCEPT OF THE ALRE PLATFORM
On this Blockchain-based data infrastructure made available by the Alre platform, users who generate data on different systems are able to record their data on the platform's data storage system, which is opened to third parties for use.
These data owners are left empty-handed, like on other systems, rather they are issued some token rewards, depending on their level of contribution in terms of data input and how frequently it is being utilized by big companies.
Whatever data is contributed by users on the Alre platform is kept safe on the Blockchain, using it to ensure that the data value is not altered in any way.
Now for the companies who need these data, the Alre platform opens a pathway that allows them to leverage on the data services provided by the system, through the integration of their system with the Alre data bank.
Through this, they get unrestricted access to the data type of their choosing, in a more reliable and decentralized way.
Alre data system is more effective, reliable, and transparent than the regular data bank, seeing as every data related detail is registered on the Blockchain and is available for review by any user.
The distribution of rewards to data owners is also guaranteed by the Blockchain smart contract as a way of making sure that the rewards are distributed accordingly with fairness and transparency.
Alre has made available a cryptocurrency called ARCS token, for transactional purposes on the system.
The ARCS is created on the Ethereum network to be an ERC-20 supported token, that can be stored on a compatible wallet.
This token is used for the distribution of value across the system, rewarding the data owners and incentivizing other users of the system as well as giving the full right of the system, to the users.
CONCLUSION
The users of different systems do not have to worry about the safety of their data anymore, as the Alre platform makes sure that the data owners are fully in charge of their data.
Furthermore, the advent of this great system has presented the possibility for global users to earn from their data and through the global recognition of the Alre system, the world will experience an all-round revolution.
For more information about
Website: https://www.arcs-chain.com/
Medium: https://medium.com/arcs-arx-official
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
AUTHOR'S DETAILS
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