OVERVIEW:
In recent years, personal data has become more and more dispersed in various services and is often domiciled in databases devoid of the authorization of appropriate users. This prevents users from properly controlling their data and, to some extent, their identity. The European General-Data-Protection-Regulation (GDPR) has been incorporated into EU law to solve this problem. However, the company still accumulated a large amount of personal data for analysis and monetization. The data is often described as "new oil", and users will quickly realize the value it has. This has led some data banking businesses to try to buy data for profit but always mull over the well-being of large companies. This is why we are excited about the entry and berth of the revolutionary ARCS infrastructure.
Basically, ARCS is a token that depends on the Ethereum infrastructure, the operation of the Ethereum platform is about to reach its limit, which has raised concerns about its future prospects. In other words, there are indications of still great opportunities to churn out a more remarkable improvement to this position. Hence, the innovative ARCS is taking into consideration re-issuing ARCS by using a potentially and highly scalable platform that is an upscale of the current platforms. This is a huge value for the digital and Ethereum community.
WHAT IS ALRE?
Alre is a blockchain concept that revolves around data management and (more specifically) personal profile data. Basically, it is related to the happiness (survival) of the owners of large amounts of data or configuration files on the memory of computers worldwide.
Data is very important, and its analysis can help my many discoveries about people, things, and the entire world. In other words, Alre's establishment mechanism aims to make available distribution that is fairer in terms of proceeds from personal data by giving users sovereign identity.
THE MOTIVATION BEHIND THE PROJECT
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The idea of the AIre project is a desire to improve the well-being of people all over the world, not only physically but also spiritually and socially. AIre's vision is to empower individuals via their rights to data and the value it holds. The ecosystem will include a variety of participants from individuals to large data companies. Participants will be able to trade through "code rules" enforced by smart contracts deployed on the blockchain network. This enables companies to purchase and sell data in conformity with personal data regulations that eventually improve their data analysis capabilities and gains significant insight. Persons who provide information to the database will be highly protected by privacy and will be rewarded based on the input data and usage. Buying and selling data is increasingly becoming an important part of our lives. The ecosystem proposed by Alre will make buying and selling data an indispensable part of our lives while ensuring the privacy and fair distribution of data transactions.
The Main Target Of The Alre Platform.
AIre hopes to ensure the authorization of individuals or owners of certain data through data protection, data rights, and data value (ie, how much is the currency value of the transaction). Because data is so important to the operations of these organizations, they are ready to pay high fees to those who have personnel data. AIre will ensure that the data traded in the database is controlled by its owner and protected by a high degree of security and that the data owner who submits the data to the database for use or sale will receive a generous return.
HOW IT WORKS:
ARC allocates the funds obtained by selling ARC tokens in various currencies to various loans, fixed-income investments, and cash so that the value of ARC tokens is consistent with the inflation rate and the volatility is low.
ARC holders benefit from pricing control to keep the price of ARC tokens consistent with the value of underlying assets.
ARC is the first fully regulated stable currency cryptocurrency.
More Insights & Advantages of the Alre platform
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• Can be used for ARCS (the platform's native token), payment tokens and wallets for related services, which allows users of the platform to transact with the token and use it for other purposes
• Seamless right of access to P2P loans and investments
• Implement decentralized digital identities (DID) on their blockchain so that users can assign attributes to their digital identities
• It provides new credit standards
• Alre also has an asset tokenization plan, which includes artworks, real estate, and securities that can be exchanged on the platform in real-time.
The following is a demonstration of the ARCS token flow:
- The user enters the data into the AIre database and receives ARCS as a reward.
- Companies wishing to obtain data from the database will first purchase ARCS from the exchange.
- The company can then use ARCS to purchase data from the database. At the same time, users will receive data rewards, and IFA will charge commissions for providing services.
- The company can use the data for its services and provide it to AIre users in exchange for ARCS.
Token details
• Token name: ARCS
• Token symbol: ARX
• Token type: ERC-20
• Total supply: 20,000,000,000 ARX
THE TEAM:
The success of the ARCS project and infrastructure is as a result of the technical savvy and pedigree of the ARCS innovative team. The team led by the CHIEF EXECUTIVE OFFICER (CEO) Masashi Mizukura, a man who believes that the market needs a user sovereign financial service that combines digital and analog. Currently, as the CEO of IFA Corporation, he is committed to creating the next generation of banks in collaboration with other egg heads
CONCLUSION:
The ARCS Resource is the future of data management leveraging on innovative blockchain technology. ARCS Chain ensures that users or companies do not have to pay transaction fees while enabling users and companies to use conventional Web applications. Since ARCS Chain has developed into a public blockchain, it is not possible to conduct data fraud, so that data owners can fully access their data and this is legendary
For More ARCS Resources, click on the links below:
WEBSITE=> https://www.arcs-chain.com/
WHITEPAPER=> https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
TWITTER=> https://twitter.com/ARCS_ARX
TELEGRAM=> https://t.me/ARCS_ARX_EN
MEDIUM=> https://medium.com/arcs-arx-official
BITCOINTALK: https://bitcointalk.org/index.php?topic=5244177.0
Bitcointalk Username: TheICE007
Profile link: https://bitcointalk.org/index.php?action=profile;u=264068