The dominance of the blockchain and the crypto currency is not a joke or a fantasy, because the growth and its importance to the world in general is easily accessible and observable by all in the whole world.
Take another instance, and observe the rate of massive adoption of the blockchain and crypto currency by people of different countries using bitcoin as an alternative payment system, integrating ripple with banking services, and also with the aid of smart contracts helping several ecosystems in the blockchain world today.
But do you know that most blockchain platforms are centralized when it comes to your data and information; and this betrays the blockchain ideology on all grounds, several projects have tried to conceal the data, records and identities of several users; and it deserves a better blockchain to do that which is why Arcs fits the Task.
What is Arcs?
Arcs is providing the whole blockchain system a new world token and a blockchain ecosystem in Alre; Alre is a blockchain ecosystem that provides the entire platform functionality for management and storing of different various data structures, which are essential to businesses and to also monetize data. Monetize data also means earning from storing datas.
And to make the alre platform very functional, the arcs token comes to aid; the arcs token will help the platform achieve non centralized system by operating in a unique way.
How does the Alre Ecosystem operate?
The Alre Ecosystem is operated to work based on 3 functionalities; The functionalities provide the system a flexible framework; that makes it easy for companies, industries t build their system scenarios and application, as well as store their data with powerful insights from the data analytics.
The 3 functionalities of the Alre Ecosystem are;
Information input; This is where data, information of individuals or companies are received into the alre platform. The data requested to be inputted will include gender, address, questionairres answers, blog texts and profile links to social media accounts. The interesting facts is that the Alre is designed using the Internet of Things IoT blockchain and the Artificial Intelligence AI functions to store personal details, health details and location details with the consent of the user, as you input your details to be stored safely on the Alre ecosystem, you receive the arcs token as an incentive.
Information storage; The Alre system calculates the has values for every inputted data and stores it on the blockchain platform automatically. This process ensures that the integrity of the platform is protected and also ensures that data are always verified and never tampered with.
Information utilization; One of the important features of the Alre platform is that it allows companies to integrate their businesses and applications and even offer their own data bank services.
Overview for how the functionalities work is below
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In a nutshell, the Alre platform ensures that;
- You get to earn as you store and save your data records;
- Prevents data tampering that has been existent in a long while;
- You get to transact data with other platform users;
- You get to earn the arcs token, trade it, or hodl it.
For further information about the platform, do use the links below;
WEBSITE | TWITTER | TELEGRAM | MEDIUM | WHITE PAPER
Author: ifemini
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