AIre is a data bank ecosystem - ARCS
About
In a time when data privacy is scarce and corporations across the globe exploit their customers for profit, the IFA ARX chain brings an ecosystem where privacy is precious and users. obtain an equitable distribution of profits from their personal data.
Basically, the ARCS chain is a monolithic block chain for the data bank infrastructure that enables unified management of user data allowing data to be used with consent and data rights protection. With user-focused data banks and blockchain-supporting ecosystems, IFA's ARCS Chain, prevents data tampering and provides functionality to data banks so they can operate efficiently and deliver deals with businesses and individuals.
The AIre ecosystem has an ARCS token as its own exchange currency. AIre brings new assessment standards, where users are provided with an autonomy identity and is provided with a more equitable distribution of profits from personal data.
1. What is AIre?
AIre is an ecosystem centered around data banks and their users.It provides functionality for data banks so that they can operate effectively and transact with businesses and individuals.This section outlines AIre, its functionality, and its business model. It also includes a description of measures to prevent data tampering through using blockchain technology and interconnected data bank hubs.
Overview AIre provides functionality for management and storage of various data structures in “data banks”, which are essentially a business to monetize data. Network participants can access and build on AIre via custom-built applications or directly through proprietary APIs. * Functionality AIre comprises of three main functionalities: information input, information storage, and information utilization.
2. What is ARCS?
ARCS chain is a proprietary blockchain for data banking infrastructure, developed by IFA. ARCS is basiclly a token which relies on the Ethereum platform. However, the operating situation of the Ethereum platform is about to reach its limitation, which has provoked alarm about its future prospects. Of course, there is still a great chance of improving the situation. Nevertheless, we are considering reissuing ARCS by using a potential and highly scaled platform compared to the current platform. All in all, not only issuing settlement tokens which have settlement ability, but also we will issue governance token, which commit to the management of the Alre world, and security tokens that fits regionality. We will do our best to develop ARCS because it will contribute to the new world.
3. The functions of AIre.
AIre includes three main functions: entering information, storing information and using information. Data banks are the core of the system to store data and APIs that enable and facilitate data flow. AIre can handle different data sources and manage data ownership, so that checks, fragmented data from different sources can be linked to legitimate user identities in data banks. Whether. Therefore, users can manage their data in an integrated network.
The three main functions are illustrated below:
Information input
Users can enter basic personal information such as gender and address, answers from questionnaires, text from blogs and links to social media accounts. In return, based on the input information and frequency of use, they will receive tokens as incentives. AIre is designed to handle complex data structures and high throughput from emerging technologies like IoT and artificially combined with user consent, including location data from smartphones. smartwatches, health data from smartwatches, as well as browsing history and browsing history.
Save data
Information is stored in a data banking system. To maintain the integrity of the data, the system automatically calculates the hash values for the data and stores it on a blockchain. This allows anyone with data to verify whether it has been processed or not.
Use the information
The proprietary AIre API allows companies to integrate their businesses and applications with data banks or even provide their own data banking services. The ecosystem will allow technologies to handle different business scenarios, such as implementing W3C DID standards, or reputation systems and scoring systems. The network keeps an immutable record of which data has been granted to the participant and according to which the reward has been distributed to which data provider.
4. Token Details
Issuer: IFA Co., Ltd.
Token Name: ARCS
Token Symbol: ARX
Total issues: 20,000,000,000 (20 Billion)
Blockchain Platform: Ethereum
Token Standard: ERC20
WEBSITE: https://www.arcs-chain.com/
WHITEPAPER: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
MEDIUM: https://medium.com/arcs-arx-official
TWITTER: https://twitter.com/ARCS_ARX
TELEGRAM: https://t.me/ARCS_ARX_EN