ABOUT IOVO

IOVO (Internet Of Value OmniLedger) is a unique global open network database for storing and exchanging information on any type of quantitative value asset.
IOVO is a directed acyclic graph (DAG), the next generation of blockchain, and serves as a data management and scoring ledger. It does this by creating a universal global decentralised ledger of all values and then publishing rating scores for individuals and institutions across a range of sectors.

IOVO is designed to provide a foundation for decentralized apps. As a result, most users will not directly use the low-level functionality of IOVO. Instead, they will use user-friendly dApps created by other network users. Every dApp developer can create a new scoring along with the dApp or use one or more existing scorings. Therefore, the actual functionality of IOVO will be driven by the dApp developers, not by the creators of IOVO.
IOVO serves as a personal data wallet. It builds a powerful universal database that allows unrestricted analysis opportunities. IOVO provides the infrastructure to create a new data economy, one which allow users to monetize their data and access benefits that were previously only available to the owners of platforms and applications.

IOVO TECHNOLOGY

IOVO’s high-level value management features are implemented using a highly effective distributed system of accounts and the transactions carried out between them. Therefore, we first describe this underlying transaction system before covering the main IOVO features built on top of it.

Account
Each IOVO user can manage several accounts through their wallet.
Transaction
The backbone of IOVO is a system of fast and cheap transactions carried out between accounts.
Standard Transaction
By standard transaction, we mean a transaction which carries some value (measured in IOVO coins) and a short message (Since all transactions are public, this message will be visible to the whole network)
Extended Transaction
This script can contain any data and allows smart contracts to be created and processed between users.
Gas
The difficulty of the extended transaction is measured in the units of gas which must be “burned” to perform every virtual machine operation.
Blockchain
Transactions are verified by the miners who use their computing power to perform some computation. This verification process is called proof of work (PoW).
Transaction DAG
Recently, several novel cryptocurrency architectures to supersede blockchain have been proposed based on directed acyclic graphs (DAGs). The two most common groups are single-transaction DAGs and multi-blockchain DAGs.
Scoring
Each scoring is a user-generated protocol for collecting and aggregating user data.
Scoring Manifest
A scoring manifest is a dedicated document created along with each scoring. Any user can create a new scoring at any time by publishing its manifest.
Decentralized Application (dApp)
IOVO is designed to provide the foundation for building decentralized apps (dApps). Every dApp developer can create a new scoring along with the dApp, or use one or more existing scorings. Therefore, the actual functionality of IOVO will be driven by the dApp developers, not by the creators of IOVO.
Token
IOVO allows users to create tokens. dApp developers can either create a new token along with their dApp or use one an existing token.
Wallet Every
A single wallet can be used to manage multiple accounts, allowing users to use different accounts for different applications if they so choose.
Proof of Value
IOVO extends the idea of PoS to create the novel approach of proof of value (PoV). The parameters for computing the value will be dynamically adjusted: this means that in IOVO’s early stages, when there are fewer app users with high ratings, rewards will be distributed mainly based on stakes. In other words, IOVO will smoothly evolve from PoS to PoV.

IOVO ANALYTICS

"IOVOanalytics is an overlay application to search for data and insights within the IOVO network database system."

The IOVOanalytics app is aimed at companies and researchers, facilitating access to data collected via a wide range of applications.
Basic IOVOanalytics features:

Network Search
Data Acquisition
Multi-Level Data Analysis
Data Exchange
Data Export
Communication With Users
Fee Management
Data Analysis Patterns
Data Wallet Management

IOVOanalytics has open code, so advanced users can easily extend it. But even the basic IOVO network tool has a potentially unlimited research and inference potential.

DAPPS BUILT ON IOVO

Our first product is an app and an online marketplace called influnomy. infuonomy allows users to discount their payments by posting the social media content requested by a place, product or brand. Everything on the consumer side happens seamlessly, as the monitored promotional information passes through the database and is immediately transferred to the payment terminal. Discounts can stay unused and be traded on our blockchain marketplace. Other non-monetary assets, including knowledge, will also be tradable in this marketplace.

Flatty dApp

The flatty dApp links roommates who want to share a flat or house. Flatty lets you create groups interested in leasing property in a specific location. Tokens are used when expressing interest in an available property. They can also be used to settle bills among roommates. Users’ personal data and property information are both protected by the IOVO network.

IOVObanks

iovobanks is an innovative banking system based on blockchain technology, helping users manage their spending and investments. Scorings based on the IOVO network prompt provide users with leads on particular services, such as purchasing a home or leasing a car. Scoring is based on AI computation of data taken from the IOVO network and external networks. The IOVO network also protects the assets and data of users in the system. Transactions are carried out using tokens.