IOVO USES THE DIRECT ACYCLIC GRAPH TECHNOLOGY TO MONETIZE DATA FOR DATA OWNERS.

in #wafrica6 years ago (edited)


The planet earth is turning to an undeniable global community and with remarkable improvement in wireless communication from end to end irrespective of the geopolitical location of the users of the internet of things specifically in the area of Data usage, data is been utilize in our everyday life such as in cooperate offices, education center like universities, hospital, insurance etc. Data have serve different purposes and meet the human’s needs in one form or the other. Data are digitized format for communication. Earliest investors like in the Silicon Valley which are the big tech cooperation we have as of today have made huge profit and are still harvesting those benefits in the data industry.

Data are generate every day of our respective live leading to the big data industry which some cooperate body find difficult to manage .What makes these high tech company great because of the utilization of data belonging to users of their platform which is solemnly control by the ceo and team of the company which we called the denial of the right of ownership .owners of this data don’t have idea when and how their data have fetch money for this platforms. Although we might called these act as modern slavery in disguise in a new dispensation. We all need individual sovereignty, liberty and control of our personal or cooperate possessions such as data.

Knowing the worth of your data is the beginning of monetization of your data and IOVO helps individual and cooperate organization to monetize their data effectively with high level of transparency and security within the safe comfort space of the IOVO ecosystem.

IOVO simply called the internet of value Omniledger which is the latest revolution in world of crypto currency to bring to lime light the worth of users Data and how users will be to able utilize this data as means of multiple stream of income in their everyday life meeting their basic needs such as shelter , food , clothing etc. IOVO is an eye opener in this current dispensation for owners of data to know how much their data is currently worth and IOVO is a pacesetter for the monetization of data for data owners. IOVO is a Direct Acyclic Graph simply called DAG, a network-database that is very transparent and fast and with high level of security for individual and cooperate data ownership and also that helps in managing the equivalent of values of the data.

The Omniledger of the IOVO is what the entire world now called the ledger of all ledger which is a global database network that is generally universal to all which incorporate different robust and sophisticated base layer that helps to integrate different choice of users of the IOVO ecosystem to utilize social and commercial decentralized application (Dapp).

How the IOVO Monetize Your Data
IOVO DAG is well structure ecosystem that makes the data owner to determine who and how their data are view and share which helps individual or cooperate bodies to convert their proof of stake simply called Pos to proof of value simply called Pov. IOVO design an ecosystem in decentralized infrastructures where anybody who is interested in your data will need permission directly from you before she or he can have access to your data because IOVO envisage that data are our human values that need privacy and freedom in all aspect of life. The data when requested by users of the IOVO platform, they will need to pay a certain amount of IOVO token base on the agreement binding the two parties involve in the deal that is the data owners and the consumer, no third parties is involve in this transaction .this transaction is transparent and secure from both end in manner that there is audit report on the DAG that everyone can see incase of any misunderstanding between the parties who agree to share and view these Data.
When the data owners receive this payment from the consumer, the IOVO Token will be traded on a big cryptocurency exchange where the data owners will have privilege to convert or traded with bitcoin or fiat currency of their host country .This technology will now serve as a medium for multiple stream of income for data owners while doing other jobs of their career or profession.

Thanks to the most innovating team that brought this great ideas to revolutionizes the data industry and give the human race freedom kind of life style to their personal or cooperate data that have been control by centralized platform for decade.

WHY IOVO USES THE DAG TECHNOLOGY TO MONETIZE DATA
The blockchain technology which is use in bitcoin, ethereum and some altcoin such as we have to today are face with the challenges of scalability. The rate of transaction per seconds are very small and this is not encouraging for the globernization of the earth, recent studies have shown that bitcoin which is number crypto currency asset can only perform effectively 10 transaction per seconds which limit it operation as a global currency to be used as means of local and international means of transaction and this act alone makes it less adopted by the mainstream. This is also to cryptocurreny miners to approve the transaction since we have very few miners in the world today which also called the proof of work (POW). But in the midst of consideration to solve this issue the IOVO integrate the IOVO DAG technology into the crypto space to profound solution to transactions in areas of data monetization.

IOVO DAG does not need the help of a miner or group of miner to approve transaction that Is POW. That is the require the two parties who are involve in the sharing and viewing of data to approve the transaction although this proof of work at this time is done by them only . The IOVO DAG has its own node on the graph which helps to defined the way the transactions and confirmation are been done. This is the freedom everyone is waiting for to have total control of their data in sharing and view of data in the era of digital world.

Final thought
The IOVO is making a lot of waves on the social media currently because of the lasting solution to data monetization using the DAG technology to render quality services to the human race irrespective of geopolitical locations to have the freedom and eradicate modern days slavery and granting access for data owners to monetize their data as medium for multiple streams of income.

For more information about the project visit any of the following links below:
Website: https://iovo.io
Facebook: https://www.facebook.com/iovoledger
Twitter: https://twitter.com/iovoledger
Medium: https://medium.com/@iovo
Reddit: https://www.reddit.com/r/iovo
Github: https://github.com/iovoledger
Whitepaper: http://iovo.io/assets/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5057281.msg47264656#msg47264

Author's Details
Bitcointalk Username: wizardcrypto
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2312222
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