Extensive Independent ICO review: Overview of Impressive Innovative Platform "Internet of Value Omniledger"

etherium24 (45)in #ico • 6 years ago (edited)

Hi there my faithful readers, Its been a while again since my last post. I know you all miss a lot of latest news or new ICO which is trending nowadays. I like to start you're day with a good vibes one by sharing to you this new ICO Ive been encountered on the web. As you can see this one has not new in concept for me since there's a lot of projects that wants to disrupt the industry in this area. Its all about data security and potential to improve the current state of data acquisition in a reliable manner. But first let me make a detour of the importance of data in our lives. Before revealing what this project I've been wanting you to know!

DATA IMPORTANCE

In this modern era, data has been a great usage in everyday lives and also in business aspect. There is no doubt that data business has been a complicated and highly fragmented subject. In our lives we always collect and send data by any means of way such as sending pictures, videos, even saving a file report on a computer, and other stuff. I think, the world is overwhelmed by data running around our life. Now on business matter, it is vital for companies to collect data of every employees, to have a safe keeeping record. Also, we often collect data that can be well presented to acquire new customers and clients to preserve the quality of the services and products. By considering all these information we can tell that it is no doubt that the sphere of Big Data and business intelligence is the future. But due to lack of trust and transparency we have been prevented to easily transfer and made a significant advance on data providing. Well, that includes lack of marketplace of profitable data services. To fulfill and achieve all of these, we need an efficient data collecting platform that secures the marketplace for everyone.

Now incorporating a technology like blockchain can immensly solve this issues. That's right! Blockchain have it takes to assist this kind of business to fulfill a success market place for data. The blockchain technology is no doubt one of the solution to some of the major problems in the world right now including the data business. We know that Bitcoin was the first ever to make use of the blockchain technology. As entertsining as it seemed, the shortcomings and conflict of the technology has been brought up. The problem in the blockchain technology was its inability to scale efficiently and we can see it's effect now. Numerous crypto enthusiasts attempt to solve the scaling problem the blockchain is facing. Which give birth to tech like Directed Acyclic Graph(DAG).

WHAT ACTUALLY IS DAG TECHNOLOGY?

It's a new creation that will rival blockchain, It’s called the Tangle Network which served as a blockchain by doesnt have any block or chain in the process. Utilizing the core innovation of DAG which has an ability to conduct zero-fee transactions. How is this possible? The process include cutting out miners and its fee which the tangle network does by making validation of transactions part of the ledger. The blockless blockchain has been a great and innovative addition into cryptocurrency. With all the features of the blockchain and with better scalability, this tech can actually replace and moreover solve the transactions scalability problems.

The DAG network, I believe is one of greatest creation ever added into the crypto space however, it too comes with certain flaws. The technology is still on its early phase and hence cannot be said a perfect replacement for blockchain. An attack is still very possible on the network especially with such less number of users.

There are many projects in the market that are currently using this technology such as the first one IoTA, Nano(Formerly railblock), and many more. But the excitement you have on the first paragraph will now continue here. Why I explained the data importance as well as the DAG tech? Let's just say that this project I will discuss aiming to build their platform via DAG tech. Are you ready now to dive in for this? I'm sure you are vey eager to know now. Then lets not wait no more and talk about IOVO Project.

WHAT IS IOVO PLATFORM?

First I want you all to have a glimpse of what does this project all about by watching this short clip video as an introduction to their project.

(Video source: http://iovo.io )

Done already? Then lets dig deeper on IOVO's objective with this project.

To overcome the ecosystem data business problem, IOVO platform has been introduced by group of experienced people who wanted to disrupt the industry. their project is a data platform built on blockchain "blockless" dag technology that can change the individual perspective about data business. Inside their platform which is totally decentralized, they will provide the data providers the transparency and security privilege to run a business. Generally, IOVO platform is created with the purpose to own big data and level the data playing field by providing a well effective and comprehensive marketing data solution to all businesses and individuals.

The developers and people behind the project quite understands that data and information is a powerful tool than can be enhanced through help of a wider platform that caters the need of everyone. They wills served as a mediator that provide solutions between the data providers and data users.

WHAT IOVO CAN OFFER THE PUBLIC?

IOVO has two features on their platform called IOVO Analytics and IOVO database.

First, IOVO analytics will be the heart of their ecosystem and served as a broad gateway that process the data bank inside IOVO platform. It is a friendly-user section whereas data users can easily shared and transact bulk of data over their IOVO ecosystem. It's like you just sending a message to someone that IOVO acts as a network to screen and scrutinize the quality of your content then if someone gets interested he will compensate you by receiving payment through their network. On what application can be useful? The answer is everything, their platform created to supply and manage multi level analysis information throughout the globe. Various load of information can be easily acquired using the IOVO Analytics.

On the other hand, for efficiently conduct a process on their network. IOVO database is there to compile all quality and different type of data, even simple to multilayer type of it. For sure, that there will be data companies will be tie up with IOVO that will be the source of big amount of data. Additionally, IOVO database will be protected from system breached due to high level of security implemented. The diverse vast of data stored within the system cannot be handled easily in any aspect but the designed used in this platform handles all aspect. The IOVO network will carry out various case analyses on different multi level stage basis within the database. It means that the server should be tough to handle all data that entered the database. The capacity to handle, all types of data can that cannot be done by normal database has been improved by IOVO network empowered by the DAG technology. No limits on accessing certain database unlike other platform. Uses of data stored are of quality that in any cases, people could find in regards to what they need. The combination of these two section of their platform will do the work for you in an easy manner that no other project can offer.

WHAT IOVO CAN PROMISE US?

Establishing a high tech platform like this, which provide an easy and accessible gateway to acquired high quality of data will be opened for all. The system will provide full confidence in data quality and monetary value for it. Using the DAG technology, IOVO will analyze billions of records and it will deliver the user high quality data they need. This is a project based on DAG Blockchain and they have introduced IOVO token to power its network. Not only that, if you visit their website you can see that their already have some dApp on their platform already. Please refer on the image below.

(Image Source: http://iovo.io)

I can say that the team is ready when they launch the project and already have some dApp running on the platform. Each dApp will benefit IOVO users inside the platform and will benefited from each of it.

CONCLUSION

With IOVO platform, users can confidently share their data and monetize it in a transparent way. On the other way around, buyers can buy high quality and trusted data verified through IOVO analytics and database section. I seldom encounter ICO project that offer big features on the market and I feel the needs to alert every crypto enthusiast about this.

This project will give businesses and individuals quality and verified data they need. End users will be given a secure, simple and fast ecosystem to use interface and platform with a fast transaction powered by Dag Technology.

(Image source: http://iovo.io)