🚀ARCS TOKEN: Effectively Bridging the gap between data owners, data banks and data users🚀

mayowa-eu (60)in #arcs • 4 years ago

Technological evolution has never for once stopped among humans, each and every day we keep seeing amazing technologies that changes the human lifestyle, some of them have more advantages than disadvantages while some are the other way round.

Take a look at the kind of lifestyle and activities we live on the internet for example, only a few percentage of internet users knows fully well that their data is being ripped off from them indirectly, take for instance you own an android smartphone and your daily routine is going to work from home at 8 a.m, the leave work to a relaxation center by 5pm, thereafter go back home by 8pm, then there’s no way that a developer in Google company that has access to the database wont be able to predict your location at any time of the day to a precision level of 99%, don’t be surprised that most of these platform even know you more than you know yourself, your date of birth, your family and friends, your occupation are all at the finger tips of these internet platforms, so tell me, with all these information about centralized in one platform, what more privacy do you think you have for yourself?

Just recently there was an accusation against Facebook CEO for making use of facebook users data to manipulate the last USA election, this is just one of the numerous powers that users data collection can give to a platform, and the most annoying part is that these data are being sold out to companies and organizations in need of it without the consent of the data owners and even at that, they’re not being compensated in any form.

There’s also the issue of incorrect and incomplete data being submitted by users which becomes useless for users of these data as well.

Its in lieu of all these issues that the Alre platform has emerged to ensure a unified user data management which makes sure that users data will only be made use on their consent with their data right s completely protected.

Introducing the Alre Platform

Alre simply put is an ecosystem that bridges the space between data banks and their users by providing the functionalities for data banks which they can easily operate upon effectively and transact with individuals and businesses with ease.

This is a blockchain based platform targeted at acquiring various types of personal data, adding value to the data, thereafter returning it to the user of these data. It’s of no doubt that these valuable data will be an efficient tool for marketers and advertisers in order to reach their targeted audience, hence promoting their businesses.

The next question you might want to ask is how this platform intends to make this happen?

Well, simply put, since we all know that majority of the people living in developing countries don’t have bank accounts, Alre has come up with a solution of providing an ID/wallet which is far easier to access than bank accounts. This wallet will allow users to input their personal information which potential can be visualized through scoring and not measured by existing financial institutions. This will allow them receive financial services that they couldn’t receive previously.

The platform is made up of three main functionalities which are information input, information storage and information utilization.

Users can input their information on the platform which they will be compensated for using the platform’s tokens, these information shall in turn be stored in the data bank system which the system shall calculate hash values for each data and store in blockchain to ensure the security of these data, and in the future, these data shall be monetized by the platform by allowing companies to integrate their businesses and applications with these data banks.

Other Benefits of the Alre Platform

Easy accessibility to P2P loans and investments
Provision of a new credit standard
Implementation of Decentralized digital Identities (DIDs) to their blockchain in order for users to assign attributes to their digital identity
Availability of wallet for ARCS (the platform’s native token), payment tokens and associated services which allows the users of the platform to transact with tokens and use them for other purposes
Alre also has the plans of assets tokenization which includes art, real estates and also security which can be exchanged in real time on the platform.

Token Details

Token name: ARCS
Token Symbol: ARX
Token Type: ERC-20
Total Supply: 20,000,000,000 ARX

There’s a future plan of building the platform’s personal blockchain in order to ensure better scalability, customization and performance, hence a token swap will be done in the future from the ERC-20tokens to the Alre proprietary blockchain token.

Conclusively, ARCS token has not only come to bridge the gap between data banks and data users, it has also come to reward data owners for their real data, this means that business owners, advertisers and companies will no longer operate on fake and incomplete data as it has always been, but rather have access to real-time and valuable data which in no doubt will improve their business tremendously, you surely don’t want to miss out on this great platform!