IOVO - Internet Of Value OmniLedger - ICO review

Introduction video

 

About IOVO

IOVO (Internet Of Value OmniLedger) is a global open network-database for the storage and exchange of information based on all possible types of quantitative value assets. IOVO is a DAG (directed acyclic graph) which represents 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, which then publishes scoring rates on both individuals and institutional entities across a range of sectors. Rating scores within IOVO are solely accessible to the scored entity itself, and are revealed upon request only as answers to particular questions. In this way IOVO is acting as a zero-knowledge proof platform. As a base layer, the IOVO DAG works as an infrastructure for all upcoming dApps (decentralised applications) focusing on value and scoring data usage relating to such areas as finance, credit, insurance and non-monetary payments. IOVO is designed to be a basis for building decentralized apps on top of it. As a result, most of the users will not directly use the low-level functionality of IOVO. Instead, they will use user-friendly apps created by other network users. Every app developer can create a new scoring along with the app or use one or more of the existing scorings. Hence, the author of the app decides, which user data will be used for a particular business purpose and defines the rules for the data access. Therefore, the actual functionality of IOVO will be driven by the app developers, not by the creators of IOVO.

Main features:

iovoanalytics

IOVOanalytics is an overlay application to search for data and insights within the IOVO network database system. All searches and queries are limited to data which users have consented to share. A modern, user-friendly interface enables fast and easy communication with the IOVO network. Users can collect interesting data needed for simple or multi-level analysis. IOVOanalytics manages data and simultaneously charges for searching the network, allowing users to easily monetize the data they share. IOVOanalytics provides access to the whole range of possibilities of the IOVO network in a single application. The IOVOanalytics app is aimed at companies and researchers, facilitating access to data collected via a wide range of applications.

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.

Iovo database

IOVO as the largest network of data from a range of fields

In addition to providing data protection, the IOVO network functions as a database, collecting data from all applications that are built or based upon it. Due to the variety of applications and their fast pace of growth in time, the IOVO network has the potential to become the largest database from various fields available in one place via the IOVO network. The diversity of data stored within the system generates great public and commercial research potential. Up until now, it has only been separate databases have been used to carry out analyses with the possibility of comparing them to each other. However, obtaining access to various databases and analysis entailed a significant amount of time and expense.

The IOVO network bring the possibility of carrying out different case analyses on a multi-level basis within a single network/database search. It means a huge increase in analytical capabilities and the quality of conclusions drawn, which in traditional database approaches had no chance to exist - traditional methods limited access to certain databases, increasing the cost and time. The IOVO network provides the chance to change the approach to database analysis to methods that were not possible or too difficult to conduct within traditional frameworks.

For example, let’s take a study related to the influence of various factors on the development of diseases, which takes into account factors not yet analysed, e.g. social, personality, etc. The data connection potential is substantial given the easy access to data and costs. Of course, we can’t overlook the importance of data protection. The analyses on the IOVO network use data with both user consent and an intrinsic mechanism that allows users to benefit from their data use in accordance with the idea of ​​IOVO.

Refer to the links bellow for more information:

Website: http://iovo.io/

ANN Thread:  https://bitcointalk.org/index.php?topic=4509519.0

Twitter: https://twitter.com/iovoledger

Facebook: https://www.facebook.com/iovoledger

Telegram : https://t.me/iovoledger

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My BitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=2115915 

ETH Address:  0xD45A7d7a9C7bb2E5C26a682A398Af16CA6Be4d95