INTRODUCTION
Data distribution hasn't been in its best recently. Personal data need to be controlled by users, they own this commodity and so anything that must be done with them should be by their approval. To this end, all users must be provided with a network where they can have proper control over their personal information even after uploading them. Also, there is a need for them to be supported with protection regulations so that while they monetize data, they still maintain ownership.
ABOUT AIRE PLATFORM
This platform plans to make a difference in the distribution of data, the use and how it is stored. One of the major problem faced when data is concerned is the inefficient use which affects users and companies involved. Many companies don't get to use accurate data as fake ones are being provided. This manipulations affect the companies involved greatly and makes them yearn for a way to get accurate information of users. Users also are not being compensated because the entire system is corrupt and not helping them achieve what they wish to achieve.
PROVISIONS OF AIRE
One way to get rid of this challenge as proposed by AIre is to implement a new data management system which would not only protect users and data but would also be an to serve them with other useful applications.
More than this, the project would be made to penetrate major industries like the information industry and the main financial market. All data would be stored in the information bank while the platform develops a form of digital identity infrastructure for users. This feature however, is useful for those people who have no access to banks of any financial institution. They would have a new identity to secure their data and protect themselves.
Every year, data keeps increasing in it's value and this is due to the growing need in the information industry and how the information market thrives only with it. This platform however, has the capacity to take in data of so many users, improve them and make them more enticing before consumers come looking for them. Users would be in control still. Recent studies have shown that the advertising industry and marketing are the ones in need of data the most and are ready to go extra mile to get what seem like a commodity to them.
CONCLUSION
AIre has designed a wallet with an ID for its users especially users that are unbanked. This comes cheaper than opening a new bank account and is much more safer to use. All users can input their personal data through the wallet and know the value it holds. Users will have a means to engage in financial activities or transactions with the wallet while they can know their real potential through scoring which can be done in the wallet. This therefore would be seen as a legal platform, where money can be used conveniently and other forms of credit can find its use in the AIre ecosystem.
USEFUL LINKS
Website: https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
AUTHOR'S DETAILS
Bitcointalk Username: Zandyoby
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767311