Alre's platform is the sure program to solve all the problems in the data industry. It presents a business model with a perfect functionality such that all data banks can join the ecosystem and perform well in it. The platform is created around the data banks and users that provides data. This is the right time for data banks to perform better than how they have always performed while also having headway out of the challenges they face.
OVERVIEW OF AIRE PLATFORM
Alre exists as a data monetizing platform for the providers of users. All data stored in it are however stored and used following it's strategies on the blockchain. All data banks are members of the network, all contributing to the storage and monetizing activities. Alre has an inbuilt API for different applications in different business operations. With the API, it is able to manage all it's activities even up to the extent of guiding and supervising the data analytics.
THE CORE FUNCTIONS OF AIRE
This platform exist to achieve three main goals, one of them is to successfully accept personal information of users who register in it. This is the number one essential activity that leads to the other ones. The second core function is to store all the accepted data in data banks on the blockchain. This is also a sensitive aspect because the personal data of users must be stored in such a way that editing or manipulation becomes impossible. While the third function is the distribution of data for use by companies globally. This is achieved through the API set in motion for this purpose. Alre is able to manage all its data altogether through the integrated network powered by the blockchain.
The ecosystem has a token (ARCS), this token helps stakeholders to participate in the ecosystem and transact with one another. AIRE is able to generate revenue through it and also grow naturally.
THE ROLE OF THIRD PARTIES IN AIRE
Third party will always seek to purchase data from the network. They will acquire that from the data banks which would provide services to them at a cheaper rate. This deals between third parties and data banks will be smooth unlike the traditional process and fully complaint with the users. Users on the other hand will get their rewards. The quality of data, volume and the type will be the criteria for rewarding users in this platform. Rewards would be given out frequently as data is being utilized and this will make users provide more data.
CONCLUSION
All the services in Alre is made easy to use by the stakeholders. They also have enough room to plan and cause the further development of the platform as the data are being used and managed continuously. Users will have their data protected, all rights protected and rewards paid when due. The innovation by extension will cause the elimination of controversial companies that mismanage users data and open a new era for trusted data management on the blockchain.
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: Ibachye
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2801561