ALRE PLATFORM IS A SUPERIOR DATA HUB
The data system is held at high esteem in the world today, due to the level of benefits it adds to different systems as it could be used for analytics, surveys and improving the general working of the system.
The data industry today is afflicted with lots of imperfections and flaws which has limited its performance, making it difficult to attain efficiency in the system.
Here are some of these issues…
PROBLEMS CONFRONTING THE DATA INDUSTRY
Unreliable data source for businesses
Theft of user's data
Inability to monetize user data
Inefficiency of the available data systems
But the Alre platform is here to solve these
problems.
A LAYOUT OF THE ALRE SYSTEM
Alre is a digital system that has emerged out of the need to have an efficient system, capable of solving the numerous problems in the data industry, to drive it to its peak.
It is aimed at upgrading both the data industry and the global financial system, and to do that it has embraced the prevalent tools and technologies for example, the Blockchain, smart contract, Artificial Intelligence and even the Internet of Things (IoT), to create a trusted data hub which will benefit every player in the data industry.
Here is how it works…
Data owners are able to upload their personal information on the Alre databank, which is designed with the Blockchain to analyze and record it these data, and grants third parties entrance to the data system by using the system's APIs to integrate into their system, giving them the ability to acquire data from wide range of sources, helping them to improve on their performance, and then the users are rewarded with the ARCS token for providing their data for use.
HOW ALRE PLATFORM WILL IMPROVE THE DATA INDUSTRY
- Every digital activity performed by users all over the world, results in a considerable amount of data on the framework of that system. But most users are either ignorant about this fact or they do not see a possibility of turning it into wealth.
So, the individuals who understands that data is wealth, exploit these data, even without the consent of the real owners.
But with the emergence of the Alre platform, users will now be able to monetize their data by registering it on the Alre data bank, and get rewarded when a company acquires that data.
This will not only create a platform for the monetization of user's data, but also reduces the theft in data which arises as the user's ignorant of their data value, all thanks to Alre.
- The Alre system will now serve as a go-to-source for data, where anyone who has a demand for data, can always go to get exactly what they need, because it possesses all it takes to efficiently manage the user's data and provide them on demand.
So Alre is a great news for systems who need data to make analysis, test run their operations or improve their general performance, as it makes available, data from different sources, properly arranging it for easy usage.
- There are digital systems that set out to improve the data industry, but they are facing the same issue, inefficiency of their performance.
This owes to the fact that these systems are still lacking in technologies, as they are relying on crude and under-developed technologies and techniques, making all their operations ineffective.
Thankfully, the Alre platform has embedded in its framework, sophisticated and top-notch technologies that helps for easy storage, management and retrieval of every data a user sends into the system, giving the data industry a new look and subsequently sending out the corresponding rewards to the users where their data is used by third parties, through the use of technology to ensure transparency and efficiency.
The Alre platform is well positioned to change the working and operational design of the current data industry, eliminating its flaws and amplifying its benefits, to favour the global users.
ARCS TOKEN
ARCS token has been minted by the Alre platform to play a major role on the system.
ARCS token is an ERC-20 token that is created on the Ethereum Blockchain and it has the ticker ARX.
This token (ARCS) helps facilitate the smooth running of the system and is used to carry out transactions and other reward based programs.
TEAM MEMBERS
CONCLUSION
The Alre databank through its utilization of the digital technologies, has proven more efficient and reliable, when it comes to managing user's data, and return the data rights to every user.
It has introduced a reward system to help incentivize the users for sharing their data to be used, and also make data available for different systems where data is necessary for their efficient performance.
Alre levels the playing field for the entire users of the data industry, providing more values to everyone, in a decentralized manner.
USEFUL LINKS
Website: https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Twitter: https://twitter.com/ARCS_ARX
Telegram: https://t.me/ARCS_ARX_EN
Medium: https://medium.com/arcs-arx-official
AUTHORS DETAILS
Bitcointalk Username- Heroalt
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2768763;sa=summary