AIre is a block-chain concept that is centered around the aspect of data management and (more specifically,) individuals' profile data. Data is very important and its analysis can help unearth a lot of discoveries about humans, things and the world at large. Meanwhile, companies who hold our accounts and data usually sell them to organizations or individuals who need them for analytics and various purposes, thereby making money from it. Yet, they never pay the original owners of these data.
AIre's platform will connect individuals, data banks and organizations who need data on a single interface where they can all transact in accordance with the enforced rules, users' data protection and self-sovereignty, so that income gotten from the monetization of data will be distributed fairly especially for the benefit of data owners.
BENEFITS/FEATURES OF AIRE PLATFORM
TRANSPARENCY
With the presence of block-chain, transparency is inevitably ensured. The platform is also highly secure and user-friendly. All data trades or transactions and monetization will be done transparently, so that the income made can be distributed fairly, thereby, allowing data owners to get rewarded.HIGHLY EFFICIENT USE OF DATA
Presently, companies store and use only a part of the information submitted by their users. This means that they aren't accurately and completely collecting users' profiles for use.
AIre solves this problem by providing a consolidated management of users' data such that data will be used with their owners' consent and with respect to data protection. Users or data owners are to decide which data to be used or otherwise.ESTABLISHMENT OF 'NEXT GENERATION' BANK
AIre will establish an interface that will make the efficient use of data possible by providing the necessary features and services. This interface is called 'Next-generation bank'. It is a robust digital wallet. It is like a fiat central bank that which every data services provider or data bank becomes a part of, as it provides its services using a sole token.TOKENIZATION OF REAL ASSETS
AIre aims to achieve the visualization of individuals' value via the ur of tokens. Various real assets or valuables such as stocks, real estate properties, arts, etc will be tokenized for exchange. As there is presently no platform that handles these real assets on a single interface, AIre believes that economic activities can be improved upon if these assets can be tokenized and made to serve as a type of money. AIre platform provides the needed single interface on which these real assets can be tokenized.CREATION OF NEW EVALUATION STANDARDS, CONCEPTS AND TECHNOLOGIES
AIre creates new standards of evaluation by utilizing this enormous supply of data. AIre will also take the responsibility of managing new technologies and ideas that relates to users' data management and utilization.
AIRE TOKENOMICS: A BRIEF OVERVIEW
The Tokenomics of AIre is based on its self-created token known as ARCS. The ARCS Token is the native utility-token of the AIres Platform and has a variety of features and unique functionality.
PURPOSE OF ARCS TOKEN
- CENTRAL TOOL
The ARCS token is the central token of the AIre Interface for efficient data utilization called 'Next-generation Bank' which is a digital wallet. - INCENTIVES
ARCS will be used for incentivising the platforms' core members as well as partners. It can also be used to reward owners of the data submitted for sale on the platform. - USERS' RIGHT
It also serves as an identity or right for users of the platform. It is a tool that gives users the right to use AIre's services. - THE PLATFORM'S CURRENCY
ARCS is the universal digital currency with which those who need users' information can purchase data on data banks.
ARCS TOKEN SPECIFICATION
The Token is based on the Etherium block-chain and the ERC-20 token Standard. It will be issued by IFA Co., Ltd, with 20billion tokens minted and issued all at once for proper distribution and use.
CONCLUSION
We now see that AIre's platform will connect individuals, data banks and organizations who need data on a single interface where they can all transact in accordance with the enforced rules, users' data protection and self-sovereignty, so that income gotten from the monetization of data will be distributed fairly especially for the benefit of data owners.
The platform is based on block-chain and so, ensures transparency and other benefits such as Efficient Data Utilization; Creation of new technologies relative to data management; Tokenization of real valuables for flexible exchange; and so on.
The Central Utility-token of the AIre platform is known as ARCS Token and it serves functions such as being used as incentives; a central currency and users' right.
For More Information About ARCS, kindly visit the official websits 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
WRITER'S DETAILS
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2366155;sa=summary