The data industry is a very vital part of the digital system and is also experiencing a great level of inefficiency in its performance.
The expected steps to solving these problems in the data industry, has all proved abortive and this has resulted in a near collapse of the global data system.
The genesis of the problem dates back to the fact that every user generates some level of data whenever they use any digital platform and this data is stored on the platform's database.
Data as we all know in the 21st century can be monetized, as a result of its importance in every system.
It is therefore sad to know that millions of users are not aware of the many benefits that comes with their data and how to enjoy these data they produce on different platforms.
As a result of the ignorance of users and the lack of proper knowledge on how to use them, these systems leverage user's data created on their system, to meet their own needs.
Some of these selfish acts include the selling off of the data users generate even without the user's consent, at the end the real owners of the data are at risk as they have no idea what their data is being used for and on the hand, are not getting any reward for it.
All the problems stated above clearly shows that the global data industry needs a great revolution, as the role the data industry is playing in the growth of the digital system is vital and cannot be over-emphasized.
MEET ALRE DATA PLATFORM - DIGITALIZING THE
DATA INDUSTRY
WHAT IS THE ALRE PLATFORM?
The ALRE platform is a data system that has been created to make sure the performance of the data industry is maximally improved by upgrading the management and useability of data banks, which is ofcourse a reliable system which monetizes data.
Its priority is to refund the data rights to the original owners, therefore bestoring on them the decision of the usage of their data and the merits that comes with the data.
Through the act, the Alre platform will completely and effectively put a stop to the activities of the middlemen like the platforms, who steal and sell their user's data illegally.
Alre has also made the buying and selling of data possible and leaves it strictly in the hands of the real owners of the data, thereby making it very profitable to the owners as data in our world today is wealth.
The reasonable question now is the how?...
Alre platform has decided to use the advancement of technology to advance the data industry.
It makes use of technologies such as the Blockchain and the smart contract, to create a system that will enable users to share their data and get rewarded whenever it is being used by end users of the data such as big companies and businesses.
This is how it works: When the users share their data on the Alre platform, it is registered on the system's framework, with the help of the its superior Blockchain technology, which is designed to be unalterable and therefore, impossible to manipulate, thereby effectively protecting the user's details and maintaining both transparency and data security.
One of the unique things about the Alre data bank is that it is designed with the capability of taking and recording data from different sources, and even match it to the right database, so as to ensure organization as well as meet the data needs of users, whenever need be.
On the Alre platform, the users who are in need of data, for different reasons, can at any point in time access and even build on the Alre system, through the use of the custom-built application's or the APIs on the system.
Systems or businesses that require data to function efficiently can now access and even create products using the Alre platform's APIs and other technologies on the system, as well as leveraging on the system's fully equipped data bank, to improve its performance.
By making use of the data, the payment made by the business for using the data, is then triggered by the smart contract to the data for allowing their data to be used and in turn, ensuring that there is a fair distribution of rewards.
Every data shared on the Alre platform by data owners is efficiently stored on the system with total data security and anonymity of the user.
Alre data platform is charting a course for an efficient global data system and will greatly improve the data industry.
THE TOKEN
The Alre platform has minted its own digital currency on the Ethereum Blockchain called the ARCS token.
This ERC-20 standard token plays a very important role in the Alre platform, as it could be used in carrying out transactions such as the purchase and payment for data and even used to reward the users of the system.
CONCLUSION
ALRE platform has in every way, proven to be what the data system needs and it has also proven to be beneficial to data owners.
Now the data owners are fully in charge of how their data is used as they get to decide who to sell to and even get rewarded in return.
Alre platform is the revolution that the data industry has been waiting for and with full support and adoption, it will reshape the entire system.
For more information pls visit any of the links below
Website : https://www.arcs-chain.com/
Whitepaper : https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Medium : https://medium.com/arcs-arx-official
Twitter : https://twitter.com/ARCS_ARX
Telegram : https://t.me/ARCS_ARX_EN
Written by cryptoboss255
Forum profile link : https://bitcointalk.org/index.php?action=profile;u=2106798