THE ALRE DATA ENGINE - ADDING MORE VALUE TO THE DATA INDUSTRY

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INTRODUCTION
There has been numerous cases of hacks in digital systems all over the world, where hackers steal user's data registered on the systems. These data is generated by the users once they make use of the system and their private information is also stored there, upon registration. So these hackers leverage on this and the lack of security in these systems to steal and sell user's data.

In most cases, this data fraud is not perpetuated by hackers, but by the workers or even the owners of these digital systems, all to make more profits, while forgetting that these users have the right to a private live and so, right to their data.This is to show you the extent at which data is valued in today's world.

The intrusion of user's privacy by these systems, when they access and sell the data from users activities, is becoming of a great concern, that's why businesses can no longer purchase reliable data from any source as the data probably might be stolen from its original owner, which is against the personal data regulation.

Fortunately an improved data system has been
developed.

THE ALRE DATA PLATFORM IS INNOVATING THE DATA INDUSTRY USING TECHNOLOGIES

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The Alre platform was developed as a system
focused at improving the global data banks and
helping the users utilize it in efficiently managing their data.

ARCS is a cryptocurrency project and blockchain based platform. It is here to ensure that your data is safe. It is also here to ensure that the data of users is safe courtesy of the Distributed Ledger Technology (DLT) that ensures that your data is safe.

This unique system has created an avenue for
the data owners to get more benefits for their
data, through monetization and makes for the
seamless exchange of data between businesses
or establishments sourcing for data, and the
original data owners.

This will undoubtedly get rid of fraud in the
data industry and deliver additional perks to
data owners, while giving those business in need of data, a sincere data spring, on which they can always depend for validated data.

To understand how this works, let's look at
the…

WORKING CONCEPT OF THE ALRE PLATFORM

DATA REGISTRATION ON THE SYSTEM

The Alre platform provides an avenue where
users can seamlessly upload their personal
information and other reliable data types which could be properly utilized, to the system. The system then records these data orderly using the help of the Blockchain to help for easy access.
Its high throughput lets it handle complex data and even fractured data, as it uses its great techs such as the A.I and the Internet of Things, to correctly match these data to their right source and ensure an accurate documentation.

SECURED STORAGE OF THE REGISTERED DATA ON THE ALRE DATA BANK

Alre registers correctly every data entered
by the users through its adoption of the Blockchain. It guarantees the reliability of every data on stored on it and automatically checks the hash of every data with its improved technologies.
This data bank allows for the easy verification of the user's data, as the Blockchain is a distributed ledger technology which makes every transactions viewable, and there will be no room for manipulation of the data recorded on the Blockchain.

AN OPPORTUNITY TO EXPLOIT THE STORED DATA

Now for third party systems and enterprises in search of data to enhance their operations are now able to incorporate in their system the Alre data bank with data from different sources, to help in their efficient performance.

With the APIs designed by Alre, wide range of
data is now made available for global users for a fee of course. This fee is the little payment that these establishments are charged for having access to, and making use of the Alre data bank.

A REWARD SYSTEM FOR DATA PROVIDERS
Once the data entered by a user is used by businesses, the Alre platform then rewards the user with the system's token.
This reward will definitely move the users to
input more reliable data to the system, and
have a reliable way of monetizing their data.
To add to these, the Alre data system has in place, a prevention technique for data manipulation stored on its data bank.
This will for sure, make it difficult, if not impossible for data fraudsters both in and outside the system, to manipulate user's data reserved on it.

So you see that the Alre platform is all about upgrading the data industry, and creating more value to all the users of the system ranging from the data providers to the third party companies exploiting the Alre data system.

THE DECENTRALIZED DATA BANK
AIre is reinventing the traditional data storage by using blockchain technology. It is also leveraging the cryptographic token (ARCS) to ensure that data is safe.
First, AIre will collate and accumulate data. The reason is that by the accumulation of data, the platform will have enough personal information to trade. Of course, the data will be sourced from the owners and they must give their permissions before the same will be mined on AIre.
Second, the data owners will be kept abreast with further information, especially when it is time to sell their data via the AIre platform. In this case, AIre will be the negotiator and intermediary between the data owners and the data buyers. It ensures that the deal is transparent and that the data buyers will not in any way, compromise the security of the data sold to them.
The third step is to incentivize or give incentives to the data owners. This is important because without the personal information/data they made available to AIre, the platform wouldn’t have data to sell. The data owners will be rewarded or incentivized with the native crypto token of AIre, which is ARCS.

TOKEN DESCRIPTION

The Alre native token is called ARCS, to be used for different purposes on the system.
This token is an ERC-20 standard token that
is created on the ethereum network and gives
certain rights to the users of the platform.
Every reward or fees on the Alre platform is issued with the ARCS token.

SUMMARY
The Alre platform has no doubt added more value to the digital system through its use of improved technologies.
Now the data owners do not have to sit back and watch others enjoy the benefits of their data through monetization.

USEFUL LINKS
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

AUTHORS DETAILS
Bitcointalk Username- ub27
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=399183