Introduction
ARCS is a block chain based open source ecosystem that wishes to solve the problem of rising need for data management by creating a platform centered around data banks and their users.
The platform was created owing to the fact that the top data management and providers make it hard for users to partake in it. ARCs provides functionality for data banks so that they can operate effectively and transact with businesses and individuals.
Also another reason, which most likely is the primary reason, was because the need and cost for storing and managing processes is on a constant rise in the world currently.
About ARCS
ARCs chain is a proprietary blockchain for data banking infrastructure, developed by IFA. ARCS is basiclly a token which relies on the Ethereum platform. However, the operating situation of the Ethereum platform is about to reach its limitation, which has provoked alarm about its future prospects. Of course, there is still a great chance of improving the situation.
What's the purpose of this innovation?
The purpose of ARCs arises from these major difficulties that are encountered in data storage.
• Data rising exponentially hence requiring more capacities for their storage
• The arising need for more sophisticated data processing systems.
• The rising leakages of customer’s data due to improper management of data.
How does ARCs intend to solve this issues?
Of course, there is still a great chance of improving the situation. The project to achieve this by creating a measures to prevent data tampering through using blockchain technology and interconnected data bank hubs. By doing this, it empowers individuals through the rights to their data and the values held by their data.
The ARCs system makes use of data banks which are the major systems for storing data.
Further more ARCs provides an integrated user data management that is fully secured. This concept links all the users that are on the platform by making use of the blockchain to provide a foolproof security. Also it makes the whole process more efficient by making use of an artificial intelligence which ensures that data usage is being optimized and also to designate tasks properly for better performance.
ARCS TOKEN
The method through which ARCs uses cryptocurrency blockchain is what makes it distinguished. It can be held in wallets that support the ERC-20 token standard and be traded on exchanges which list ARCS. The token price is determined by the market conditions.
It can be known for its flexibility on the blockchain for both both data onwers, data banks and data users. Therefore granting users the availability to decide which platform best suites their need for storage of their files, tasks as well as transactions with the ARCs token.
Conclusion
However, Data banks are the core of the system for storing data. The concept behind this innovation, is an incredibly brilliant one and as it is penetrating the blockchain ecosystem at large, it offers users a very viable option for data storage and management.
USEFUL LINKS
WEBSITE: https://www.arcs-chain.com/
TELEGRAM: https://t.me/ARCS_ARX_EN
WHITEPAPER: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
TWITTER: https://twitter.com/ARCS_ARX
MEDIUM: https://medium.com/arcs-arx-official
Author BTT ID: Maariyapatek
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2654988