State of difficulties in centralized social networks that needs to be solved via IOVO:
Internet usage statistics:
The world has changed a lot after existence of internet and social media networks. Almost every other person uses internet, social-media, create some data in one way or other. According to a survey approximately 4 Billion persons have internet access and utilize it on daily basis. More than 3 billion people who have internet also use social platfroms. These figures are increasing day by day. So one can imagine how significant amount of data have been created on social media network.
Below is the figure showing annual growth of internet users annually.
Problems:
Now these socializing networks who have been dealing with such amount of data exhibit many problems. These existing centralized platforms have been getting benefit from user’s data since forever. All these social-networks steal the content and breach user’s privacy for their own good. But do not give even a single cent to the users. Users are forced to watch the ads for which advertisers are paying huge amount but to the platform owner, not to the users.
So users are being looted in these ways.
Secondly, those platform who monetize user’s content do not pay enough. So all the power of their content is under social-media network’s control and they can use it in any way. Users have almost 0% control over their own data. They do not even know that in what ways their data is being used. There is a need of creating a network which solves all these problems and promote human value.
IOVO:
IOVO (Internet of Value Omniledger) is a transparent, blockchain based, decentralized database network which can be analyzed and browsed universally for creation of cumulative data collection.
IOVO is also DAG platform that can be used by many Decentralized Applications (DApps).
Solutions via IOVO:
IOVO tries to find solutions for above mentioned issues. The foremost step it took is to be completely decentralized and transparent.
Applications on IOVO:
IOVO store, share and collect user data in most reliable and secure way using the DApps that are created on IOVO.
Users of the DApps created on IOVO will have complete information about how and where their data is being used? Who is browsing, accessing and browsing their content. Not only they have complete control over their ownership they will also get paid for their contribution. Variable type of DApp can be created in IOVO and people from every part of the world can be the part of this universal database system.
Many DApps already have been created on IOVO including DROPP, INFLUNOMY, FLATTY, IOVO BANKS and many others. Visit the website for more details.
An illustrative diagram is given below for more clear idea about IOVO.
They will get a fee when anyone want to access their data. Companies can also get benefit via IOVO as they will have huge data access, direct contact with the users, Every activity over IOVO generated DApps will be monetized and rewarded will be given to the real content creator or owner. To keep therewards there is also an IOVO wallet. These rewards are in the form if IOVO token. Total 1,000,000,000 tokens have been created. You can apply to be part of their upcoming private sale.
Some useful links of IOVO:
Some useful links of IOVO:
Website: http://iovo.io/
Whitepaper: http://iovo.io/assets/whitepaper.pdf
Telegram: https://t.me/iovoledger
Facebook: https://www.facebook.com/iovoledger/
Twitter: https://twitter.com/iovoledger
Medium: https://medium.com/@iovoWebsite
ANN thread: https://bitcointalk.org/index.php?topic=4509519.0
ETH address: 0x895F650c7CDA6930600f34343f409b103893C403