IOVO - The Global Human Value Ledger
Dear readers, if I gonna ask you a simple question that who you are ? Then your obvious answer will be your name, your job information, location details etc. Right ! Because every individual has his own unique identity, personal, educational and other information. And this information gives a respected value to the individual.
Just imagine if the information belongs to you is deprived or robbed from you, then ? Would you imagine the situation where you don't have any authentic individual value to prove who you are ? I don't want to scare you at all but according to researchers our data is not safe at all.
Today we live in an internet driven society, where every single time we emit large amount of data information by our actions on the internet. This data contains our personal information, our likings, behaviour, financial and educational details etc. And it is very much difficult for us to keep this data safe. Because today's technology is very much vulnerable to hacking attacks. And if something goes wrong then we need to face very serious consequences.
Today the world is in desperate need of an unique protective system and thanks to IOVO developers who are creating such a system.
Project objective
The main aim of the IOVO project is to create a global decentralized ledger powered by blockchain technology which allow individuals to own their data and provides full control over the usage of their data. Thus users have the authority to grant or deny access to their personal data; they can also monetize it the way they wanted.
Principle of operation
IOVO wants to become the world's first transparent decentralized database which allow users to full control over their data. IOVO network stores versatile data which allow users to get benefits from their data by sharing it to various dApps. As the notation omniledger itself refers as single universal ledger of all other ledgers. It provides a single base layer solution for all other decentralized commercial and social applications.
The IOVO DAG allow users to democratize their personal data and get benefits from it by the way of monetization. In order to use the IOVO ledger, the developers of dApp are need to implement the IOVO DAG technology in their core system. Which provides more benefits to every dApp owners which is till now only be available to big corporations. Thus every individuals can independently control the way their data can be used.
At the same time if a company or organization needs the users data for any purpose, then they need to first request to individual user to access it. Users have the authority to grant access to their data either by free or can charge fee for it. Thus this system provides a value to the individuals data and that data will now be respected. Every operation in IOVO is fully transparent and secured.
Benefits of IOVO
As IOVO network provides a global platform for data storage, security and sharing. It is not only limited to certain sectors but also provides wide variety of solutions to every other industry, organization and other social sectors. The main advantage of IOVO over other centralized network is scalability. On the IOVO platform every individual is the owner of his data and other big corporations can manage vast amount of data securely.
On the IOVO platform all the data transactions between individuals and businesses are done through secure smart contracts. Thus the data exchange will become transparent and provides highest level of trust. Here smart contract acts as a validator. On the platform every individuals view points are respected. Now individuals can earn from their personal data which is completely absent in the existing centralized data market.
ICO details and timelines
• Token ticker: IOVO
• Token price: $0.12
• Token supply: 1,000,000,000
• Hardcap: $29,000,000
Token distribution
Conclusion
There is not doubt that this project is revolutionizing the data market. With IOVO every individuals data become more valuable and it will be respected. Individuals have the full authority for their data and they can earn from it by monetization. Until now Individuals data is treated as a commercial tool for business. With blockchain technology every operation and transactions carried on the IOVO platform will become transparent and trusted.
As data protection is a major concern for human kind today. Projects like IOVO will make our future bright and safe. These kinds of projects needs much attention.
Learn more about IOVO:
Website: http://iovo.io
Read Whitepaper: http://iovo.io/assets/whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=4509519.0
Telegram: https://t.me/iovoledger
Facebook: https://www.facebook.com/iovoledger
Twitter: https://twitter.com/iovoledger
Medium: https://medium.com/@iovo
Reddit: https://www.reddit.com/r/iovo
YouTube: https://www.youtube.com/channel/UCLFMzHnLxhhxaDSY7GZ4Y6A
GitHub: https://github.com/iovoledger
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
