AIre data bank - ARCS (ARX)

1. What is a data bank?

Users can send their personal data to data banks and data banks provide their data to companies that need the data with the user's consent. At the same time, these companies analyze these data and then gain market insights to improve their business capabilities. At the same time, they can also develop applications that meet user needs based on these data and provide direct services to data bank users.

2. Problems where data is difficult.

a. These data are not well protected by privacy. It is not uncommon for data from Internet companies to be hacked and then sold at low prices.

b. After these data are used by these companies, profits are distributed to the companies and users who contribute the data do not receive any valuable distribution from them.

c. Many products and services need to be developed and built on the data of some users and these core data can hardly be shared with developers, resulting in new entrepreneurs unable to provide grant some creative products. This is especially true of the advent of the times. This easily forms data monopoly in the new era and easily solidifies market consolidation, which is not a good thing to build a competitive market.

This situation makes many users and businesses consider ways to solve these problems. How to protect user privacy? How to enable users to have a fairer distribution of value through personal data? How to provide products and services that better meet the needs of users? AIre tries to solve these problems through data bank model.

3. The vision of ARCS.

• Help individuals realize the value of their data and form a more logical data ecosystem among many participants such as individuals and companies. AIre's databank will use blockchain technology to comply with personal data regulations and protect privacy, turning the data market into a more open and sustainable business.
• With Data Banking, fragmented data can be put together to create a more accurate and complete user portrait, which can bring more economic benefits to users of Data Banking, as well as other products. products and services are better suited for them.
  With data banks, with the consent and protection of user privacy, it can help the company get better data sources and improve its business capabilities. Accordingly, it is also able to provide more accurate services to these users.
• With data banks, it can help users encrypt their valuable assets, such as stocks, art collections, real estate, etc. and recognize transactions and transfer value quickly through cryptocurrencies.
  With data banks, new credit standards can be created to gain a deeper understanding of the value of personal data and can even serve groups without bank accounts.
  With data banks, users can realize unified "autonomous" data management and control.
  AIre's databank also added a number of encryption-related technologies, such as storing data with blockchain, personal data hashing, encrypted wallets, and tokens. This makes the data bank not only a pure data transaction market, but also displays a number of encryption attributes. Hence, it is also known as data banking in the coding era.

4. Below is a demonstration of the ARCS token flow:

• Users input data into the AIre data bank and receive ARCS as a reward;
• Companies who wish to acquire data from the data bank will first buy ARCS from an exchange;
• Companies can then buy data from a data bank with ARCS. At the same time, users will be rewarded for their data and IFA
• will collect a commission fee for delivering the service;
  Companies can utilize the data for their services and offer it to AIre users in return for ARCS.

5. 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

6. MEMBER

Website: https://www.arcs-chain.com/
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
Whitepaper : https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Author: sjakie666
BTC Profile Link: https://bitcointalk.org/index.php?action=profile;u=2797581