How AIre Project Run As The Blockchain Project Ecosystem for Human Values

The world of cryptocurrency keeps expanding at a fast pace. With the growing mainstream attention toward digital money, it is such normal occurrences when you can find each project has its native currency. Among them, IFA Co., Ltd, surface with one of a kind digital token and blockchain system. Resolving in facilitating the data financing infrastructure, the AIre project run around data bank with its ARCS token. What it is about? Check out this article.

The Blockchain-Based Data Bank

After a long time and intending to give solutions to such a lack of security in online data, IFA managed to test and deploy the prototype of the ARCS chain. Worth noting that, ARCS is the cryptocurrency used in the AIre blockchain ecosystem. The blockchain-based data bank, have some functionality and utility that work in hand to work properly. If you wonder about the project, it is built to give users token rewards just for registration and participating in the system.

Simple isn't it? it can be said that the project takes the opportunity to provide a secure place for your private data or information. While you add your information in the system, later on, you can gain reward and compensation by granting access or sharing data with companies. The users will be granted with users' token while maintaining the benefit of a blockchain-based payment system. All of the transactions will be free without any fees.

The Aire ensures all the data will be held strictly and kept in check by the system. Which later only allowing the particular or related users to access and make any changes to the data. Simply said that if you join the system, all your private will kept secret and secure. All the companies or other side that acquire your data will need your approval. With this, the choice of companies that can access to the data will be in your hand and your decision.

The Problem Of Universal Logins Which Risk The Personal Data

It is quite common and somewhat not surprise that internet identity and claims are always in question. Have you ever witness a person that intentionally fake their id just for scam or any bad intention? This kind of problem currently resides on the internet. It is equally important to verify the source and the trustworthiness of the data. However, it is not an easy feat to do. On the other hand, another risk surface when it comes to universal logins.

Numerous sites acquire you to log in. Most of the time, the account as a notion for identity profile holds valuables personal information. Using it for big corporations such as social media, literally means that they will seat between you and whatever you do online. It can be said there are two major problems here. First, we trust the corporation to keep our ID, and the second we make ID without any confirmation.

The Digital Identity Information With Aire

If you think about the two problems above, you can say that users don't have a lot of control over the digital identity. However, AIre comes with innovation that uses DIDs (Decentralized Digital identities) to ensure accurate information. The main idea of the project is to make your private data trustworthy, easy, and controllable. Worth noting, that your digital identification holds verifiable claims from trustworthy sources.

The Use Of Decentralized Identifier Network

It is mentioned that the project uses DIDs to ensure accurate information. It is indeed used for that purpose, but the DID network also held bigger parts in the system. Mostly, this network will help the blockchain wallets to manage the ARCS. AIre plans to implement DIDs as an integrated part of the blockchain. The aim is to let the users assign attributes to their data and claim verifiable credentials.

The DIDs itself carrying a big impact to the crypto assets and personal information as digital assets. The crypto assets resolving the use of wallet which is only for ARCS. The wallet will later enable users to transact with the token in the ecosystem. Different from the Crypto assets, the personal data can be linked to an ID and later build a complex yet complete identity profile. The digital id allows the user to prove the truth and authorize others to access it.

The Use Of Public Blockchain To Detect Fraud

When it comes to online data, another problem arises from the security aspects. While it is important to keep in check the legitimate data and the trustworthiness, but secure and unbreakable access is needed. In many cases, your private data consist of other linked info such as an address, phone number, to assets. To avoid tampering and any negative conduct, the public blockchain can be accessed by anyone which lets them monitor what happens in it.

The Road Map Of The Company

A great and well-thought project need a journey to ripen up the system. Just like other projects, IFA's have been working to make the AIre real and make it happen. The project idea that born in July 2017, have been going through numerous research and development. Initiated in April 2018, it has been working together with business alliances and participate in all kind of blockchain events across the world.

After years of concept building, the first white paper released in November 2019. Following the release, the schedule exchange listing started in December 2019. The Aire beta version is scheduled for release in April 2020. At the same time, the newest venture is business incubation. Along with the human value tokenization system, the incubation space's purpose is to bring all the successful aspects of blockchain to the ecosystem.

Those are some information regarding the newly developed Aire blockchain-based data bank project. With such interesting and unique premises, this project is stand out and gain quite a lot of attention. At the same time, the idea of a secure place to place your private data is suitable for current issues. Using the DID, the credential of any data and information in the data bank is under control. With this idea, you can gain income just by adding data in AIre.

Website: https://www.arcs-chain.com/

White Paper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b

Social Media:

https://twitter.com/ARCS_ARX
https://medium.com/arcs-arx-official
https://t.me/ARCS_ARX_EN

Posted by kurniawan05

Profile link: https://bitcointalk.org/index.php?action=profile;u=1187741
ETH: 0x3946bc29197BF793CB796243109b39b019c3fC00