PERSONAL DATA CHALLENGES AND HOW AIRE IS SOLVING THEM
As the name signifies, personal data is meant to be the information that belongs to us. It is not to be shared with third parties.
Sadly, that hasn’t always been the case. Provided you use the Internet, you will one day be a victim of data theft. The compromise of personal information (data) on cyber-based platforms is on the increase.
Ore worrisome is the fact that the data tends to be stolen by the third party platforms and sold to the highest bidders.
THE AIRE SOLUTION
Despite the massive data theft that is still ongoing, something can still be done. The AIre platform is championing the cause for the full-scale decentralization of the data-driven industry. The idea is that by ushering in a decentralized data-sourcing model, the platform (AIre) can re-strategize and return the power over data to the users.
Data Banks
Data Banks are at the core of the AIre variety of solutions for personal data decentralization.
Data Bank is meant to be a platform where AIre allows the storage and hashing of data. It will be the primary medium of storing data that oughtn’t be in the public domain. At the same time, AIre will ensure that the target audience – the data owners and data corporations, will use the Data Bank.
Reward for Data
Your data shouldn’t always be stolen and used without your knowledge. You will not be paid when such is done.
On the contrary, AIre wants to reward you for your personal information/data. All you need do to get the reward is to provide your information/data for use in the AIre ecosystem.
It is then up to AIre to decide on the remuneration that befits the information you provided.
Moving forward, AIre will also be the negotiator between you and the data corporations. This makes it easier to charge fairly for the use of your data.
It is pertinent to mention that the flow of this structure is like this:
Data owners>>>Data Bank>>>Third Parties
At the first instance, data can only be gotten from the owners being the users. Once these users voluntarily submit their data, the Data Bank will be where the data is collated. From the Data Bank, the third parties/data corporations can then apply to purchase the available data analytics stored there.
Note that the most part of what AIre will be doing is to provide the data analytics and not to release your data to the third parties. It is then up to those data buyers to figure out the actual data they need from the available analytics.
WHAT IS THE SECURITY OF YOUR DATA?
Does it make sense to store your data on AIre’s Data Bank? Isn’t that falling prey to the same centralized system you are trying to run away from.
On the contrary, AIre promises to securely store your data. Aside from that promise, the platform uses blockchain network as a second data store.
CONCLUSION
Data mining has been active in many centralized platforms. With the users losing out in the end and the data corporations hitting it big, it is time to change the system.
AIre is the platform to trigger the much-needed change and the blockchain network is aiding it in that cause.
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: Smartkeok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661446