I think in previous block chain technology there is no such adoption and mechanism in which all the users used their assists and integrate with the different resources at the same time they were not able to used it own data and shared it different services that’s why they were liable to fail the human interaction mechanism and having portability about different aspects. So AlRE provides the importance of the user and the amount of data they were hold and share it according to it. In the same time it gives the right to the users to interact with each other not only mentally but also physically.
So the amount of different data and their regularity increased with their rights and vision that are provided according to it. The most important factor of ALRE that are filled the gap between the users that’s allows them to give value to their own data that’s why they were interacted with data holders and their rights as well.
What is ALRE?
ALRE is basically the mechanism which gives the value to the users that the amount of data that they were hold and share with wide range of business communities around the world and being able to carry out the different prospective. This mechanism includes the smart contracts in which the data would be stored in the data bank by the role of code then it will be share to the business users all process perform in data bank regulate the high level security and having no risk.
In the same time the users who are store the data in data bank earn rewards that’s why they were bring more data according to the user needs for buying and selling data.
Challenges with Personal Data:
The a lot of personal data in recent years would fragmented and the wide range of data being loss due to less awareness having no proper analytics about their data hold so GDPR make them to recover that and provides the high level of accountability that gives the user the value of data that they were hold by selling it to get the wide range of profits.
Solution provided of personal Data:
Due to uncertainty of the data having inaccurate information while the users used the data when they were online and leave that kind of data that are allow to interact in most cases that kind of data are mostly inaccurate information in the same time the a lot of users gives negative response.
To solve this problem the ALRE allow the users to used the accurate information that are provided their data that’s why to perform this action ALRE used the next generation bank that is being addressed by the all services in which users needs a desired wallet to kept ARX token to interact with the data being able to get the information’s which are accurate regulate the high level of security.
ALRE Features:
ALRE is basically a mechanism in which they can interact with the users provides the finicality to the data banks transact the data for the business models and they were used according to it. ALRE provides the high level of security that are regulated in the data banks to perform the high level of actions. It provides the security for data being tempering by using blocks data hubs.
ALRE provides the mechanism for the data store in the data bank in which business users can access and build it by using preparatory API’S. So they can build the data by powerful analytics scenarios.
There are the following actions that are being performed in ALRE mechanism in which the users can interact with data business model.
Information Input:
The user can input information in the data banks having their personal data are kept inside it. AlRE communicate with the data bank incentives and gives the tokens to specific users according to their data. ALRE also locate the large amount of data and kept information whether there is browsing information, data from personal blogs, smart phones etc.Information Storage:
User Information is being stored in the data bank the system will allocates the hash value of the specific data to store in a block chain that process would maintain the integrity and vitality of data of each users.Information Utilization:
In information utilization Preparatory API’S allows the business and application integrate with the data bank to store their information and used the services to handle the different layouts such as DID,W3C standards. The system allocates all the information of data providers and gives them access to utilize the mechanism in return they were able to get rewards.
ARCS Token Economy:
The ALRE token economy is being centered by the ARCS token which can support the ERC20 Wallets that will be trade able in different exchanges which is listed by the ARCS. Its price would depend on the market speculation.
Usage of ARCS:
Incentives for users:
In previous block chain technology the a lot of users felling uncomfortable to provide their personal data due to regulation of data tempering so ARCS would allow the high level of security in the same time provide the personal information accumulated by lower resistance for storing and kept personal information.Rights to the user ALRE Service:
The main prospective of token Economy is that the information in which the users can get a lot of benefits that is being regulated by the fait currencies. The AlRE allow the users to store the information in the data banks and get the ARCS token in return as benefits.
New CREDIT STANDARDS:
Credit is a financial context in which contains the users information according to their personal data the low credit users won the higher credit standards if the user loss the credit the system will allocate the new credit system in which all the information’s are kept along with emotions and other prospective. That’s why the user which has less finance gives them higher credits in return.
Assists Tokenization:
The main aim of ALRE to provide the value of user through token there is a lot of tokens such as real state, art and other types would not addressed the more scenarios in a single interface that allow them to exchange it on a real art by stimulating the car and tokens stakes along with different aspects makes them allow to deal with in ALRE mechanism.
Token Migration & SWAP:
To build the insurability to build the mechanism which addressed the security, performance and tokenization requirements? The ARCS is issued on Eitherium network to begin the development later on the eitherium did not met the requirements so the ALRE infrastructure with ARCS token later on migrate. During the migration the token holder being able to swap the ERC20 token standard to the native ALRE token standard.
About ARCS:
ARCS are basically native token in ALRE mechanism. It is issued by the Eitherium Network having ERC20 token standard.
Entity to issue tokens IFA Co., Ltd.
Token name ARCS
Token symbol ARX
Total minted tokens 20,000,000,000 (20 Billion)
Issuing schedule Issue all tokens at once
Number of decimals 18
Block chain platform Etherium Token standard ERC20
Contract address 0x20b1a8a9ca1c7302b7f774266c491c7b11622779
Token Distribution:
The 20 billion ARCS tokens are planned to be distributed as follows:
Amount Percentage Usage
10,000,000,000 50% For third-party organizations (*1) (with lock-up)
2,500,000,000 12.5 % Fee distribution to ALRE Startup.
500,000,000 2.5 % Incentive for core members
500,000,000 2.5 % Incentives for partners
4,000,000,000 20 % IFA allocation for development and operations
2,500,000,000 2.5 % Reserve
Conclusion:
It would play a massive factor related to the personal data assessment for the users that cooperate them to get desired benefits who are willing to access features and facing a lot of issues how to used the diligent amount of space by acquiring the data to store it will also legate the massive outcome for the users to get the maximize outcome by regulating the different expenditure to store data in ALRE Bank that provide ample opportunities for the users to used the layout as a massive gateway to build & be a part of bank ecosystem.Thanks
Platform Official Information:
WEBSITE: https://www.arcs-chain.com/
BOUNTY :https://bitcointalk.org/index.php?topic=5244177.0
TELEGRAM: https://t.me/ARCS_ARX_EN
TWITTER: https://twitter.com/ARCS_ARX
MEDIUM: https://medium.com/arcs-arx-official
Author information:
Username: Omair Amin
Profile: https://bitcointalk.org/index.php?action=profile;u=2603103
Eth Address: 0x6D4793ecAb20Bc68E13F776FA2aDd2f0dC69d8c1