ARCS

ARCS

About ARCS

Alre is a blockchain concept that is centered around the aspect of data management and (more specifically,) individuals' profile data. Data is very important and its analysis can help unearth a lot of discoveries about humans, things, and the world at large. Meanwhile, companies who hold our accounts and data usually sell them to organizations or individuals who need them for analytics and various purposes, thereby making money from it. Yet, they never pay the original owners of these data.

Alre's platform will connect individuals, data banks, and organizations who need data on a single interface where they can all transact in accordance with the enforced rules, users' data protection, and self-sovereignty, so that income gotten from the monetization of data will be distributed fairly especially for the benefit of data owners.

Features of AIRE Platform

• Transparency

With the presence of blockchain, transparency is inevitably ensured. The platform is also highly secure and user-friendly. All data trades or transactions and monetization will be done transparently, so that the income made can be distributed fairly, thereby, allowing data owners to get rewarded.

• Highly Efficient Use of Data

Presently, companies store and use only a part of the information submitted by their users. This means that they aren't accurately and completely collecting users' profiles for use. AIre solves this problem by providing consolidated management of users' data such that data will be used with their owners' consent and with respect to data protection. Users or data owners are to decide which data to be used or otherwise.

• Establishment of Next Generation Bank

AIre will establish an interface that will make the efficient use of data possible by providing the necessary features and services. This interface is called 'Next-generation bank'. It is a robust digital wallet. It is like a fiat central bank that which every data services provider or data bank becomes a part of, as it provides its services using a sole token.

• Tokenization of Real Assets

Alre aims to achieve the visualization of individuals' value via the ur of tokens. Various real assets or valuables such as stocks, real estate properties, arts, etc will be tokenized for exchange. As there is presently no platform that handles these real assets on a single interface, AIre believes that economic activities can be improved upon if these assets can be tokenized and made to serve as a type of money. AIre platform provides the needed single interface on which these real assets can be tokenized.

• Creation of New Evaluation Standards, Concepts, and Technologies

AIre creates new standards of evaluation by utilizing this enormous supply of data. AIre will also take the responsibility of managing new technologies and ideas that relates to users' data management and utilization.

 

Alre ecosystem

The Alre ecosystem can be summed up into 3 different parts: Information(data) Gathering, Storage, and Data Usage. The platforms provide a wide variety of data collected from individuals to organizations. AIre allows its users to gain more ARCS every time the information is used. The word ‘’AIre’’ means ‘’air’’ in the Spanish language so we can easily understand the main purpose of AIre as creating a space without any obstacle between user-data-company. The data collected from users is not set aside separately. Everyone who uses the platform will gain a DID/ Decentralized Digitized Identity. Thus, you will manage it everywhere and anytime you want. Also, this identity will let users tokenize any type of personal data such as age, gender, job, etc But this is not limited to that information. You can also tokenize your feelings, ideas, dreams, mental status, or whatever you think about. Users have access to update their identities anytime which in turn allows users to gain more while still being in charge of their data. The team has mentioned according to statistics that almost 2 billion people have no access to banks but 2/3 of this population has a smartphone which brings them into the digital world. So even the people with no access to bank accounts could gain some ARCS via their phone by completing some interviews or short surveys or by giving access to the platform to utilize the submitted data.

 

AIRE Tokonomics

The Tokenomics of AIre is based on its self-created token known as ARCS. The ARCS Token is the native utility token of the AIres Platform and has a variety of features and unique functionality.

 

Utility of ARCS Token

• Central Tool - The ARCS token is the central token of the AIre Interface for efficient data utilization called 'Next-generation Bank' which is a digital wallet.
• Incentives - ARCS will be used for incentivizing the platforms' core members as well as partners. It can also be used to reward owners of the data submitted for sale on the platform.
• Users Right - It also serves as an identity or right for users of the platform. It is a tool that gives users the right to use AIre's services.
• Platform Currency - ARCS is the universal digital currency with which those who need users' information can purchase data on data banks.

 

ARCS Token Specification

The Token is based on the Etherium blockchain and the ERC-20 token standard. It will be issued by IFA Co., Ltd, with 20billion tokens minted and issued all at once for proper distribution and use.

• Token Name: ARCS
• Token Image: ARX
• All out Issues: 20,000,000,000 (20 Billion)
• Blockchain Stage: Ethereum
• Token Norm: ERC20

 

Roadmap

Team

Conclusion

Alre has recognized the importance of protecting the personal data of its users. They have created an ecosystem where the users are in the center of it all, controlling what is being stored and shared between clients.

A safe storage model is of the utmost importance. That is why Alre has chosen immutable and impenetrable blockchain technology. Storing data on the blockchain builds the client’s trust in Alre. The mission of Alre is to protect identifiable personal data and put its users in control of what happens to it. In an ever-changing digital world, the companies who show an ability to protect their clients will earn the respect and trust they deserve. Trust creates opportunities, and opportunities create business growth.

 

Read More Here

WebSite: https://www.arcs-chain.com/

Twitter: https://twitter.com/ARCS_ARX

Telegram: https://t.me/ARCS_ARX_EN

 

Proof of Author

Bitcointalk Username: David Lom
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2853525
Telegram Username: https://t.me/PrisiaWulandariNasution
Wallet : 0xf1fb049E62020Ce8854A357477e3c40DF32a2e3b