ARCS- A New World of Data Banking and Digital Identity

A lot of Internet users are aggrieved by the fact that most personal details logged on to the web are being abused, wrongly used, and unprotected. Hence rendering the safety of their personal online data questionable, at the same time making them skeptical of providing their details online. Alre came in view to proffer solution to this phenomenon. Alre is a platform whose vision is to empower individuals through the rights to their data and the value their data holds.

Participants will be able to transact with each other, protected by the “rule of code” enforced with smart contracts deployed onto a blockchain network. This enables businesses to buy and sell data while being compliant with personal data regulations, ultimately improving their data analytics capabilities and deriving meaningful insights.

Individuals who provide information to data banks will be protected by a high level of privacy and receive rewards based on inputting data and it being used. Alre’ s proposed ecosystem will make buying and selling data an integrated part of our lives whilst ensuring privacy and fair distribution of data trade.

Features of AIre

1. Information input
   Users can input basic personal information such as gender and address, answers from questionnaires, text from blogs, and links to social media accounts. In turn, based on the information inputs and frequency of utilization, they will receive tokens as incentives.
   AIre is designed to handle high throughput and complex data structures from emerging technologies such as IoT and artificial intelligence with the consent of the user, including location data from smartphones, healthcare data from smartwatches, as well as payments and web browsing history.

2. Information Storage
   Information is stored in the data bank system. To preserve the integrity of data, the system will automatically calculate hash values for the data and store it in on a blockchain. This allows anyone with the data to verify whether or not it has been tampered with.

3. Information Utilisation
   Proprietary AIre APIs allow companies to integrate their businesses and applications with data banks or even offer their own data bank services. The ecosystem will allow technologies to handle different business scenarios, such as implementation of W3C DID standards, or reputation and scoring system frameworks. The network keeps an immutable record of which participants have been granted access to which data and subsequently which rewards have been distributed to which data providers.

Tools of AIre

Aire is a world created by 5 tools Viz:
BASE, BRIDGE, MINE, SHARE, VOICE.
BASE is a bank where value gathers. BRIDGE is a wallet that digitizes your value.
MINE is a lab for developing your own value. SHARE is a market where you trade your value.
VOICE is a library where you can see various values that are unevenly distributed in AIre.

1. AIre VOICE is a library of value.
   Aire can be used as a place to transmit your own information and add value.
   In addition to gaining knowledge, you can practice discovering and transmitting the value hidden in yourself.

2. AIre MINE is a lab to develop value.
   is a place to analyze your various possibilities and discover and utilize those that can be converted into value. It's a web service that tokenizes your value and transforms it into a score within AIre.
   You can get a new score by checking various information that you have with MINE.

3. AIre SHARE is a market of value.
   It's a shopping mall and you are the producer of value.
   The tokenized value is displayed for each genre and can be freely bought and sold.
   While investigating the trends and wishes of those who want it, you can sell the right value and become a new revenue source.

4. AIre BRIDGE is a wallet.
   All currencies in AIre are virtual currencies, and first converted to Bitcoin and Ether. The value you hold is not only represented in each currency as an asset, but can be bought and sold by the synchronized AIre SHARE.

5. AIre BASE is a place to manage the data of people registered in AIre.
   It plays a role like a control tower that controls the entire ecosystem called AIre.
   The value accumulated here is scored and linked to individual new possibilities.
   The other four tools will evolve into various shapes based on the information from this BASE.

ARCS TOKEN

ARCS is the native token in the AIre ecosystem. It is issued on the Ethereum network with the ERC-20 token standard and can be traded on exchanges which list ARCS.

ARCS is mainly used for the following purposes:

1. Incentives for users

AIre incentivizes users for the information they provide, which is expected to lower resistance to storing personal data, thereby making internet users comfortable with providing their personal datas.

1. Rights to use the AIre service
   The core value of AIre is the data which the data banks hold and ARCS is the global network currency which data buyers can use to buy data with. Also, participants will receive unique benefits from using the ARCS token as opposed to fiat currencies.

In conclusion, Alre is a world where various human values can be turned into assets and used as social resources. And the philosophy of the AIre project is a desire to improve well-being for people around the world, not only physically, but also mentally and socially.

For more details, visit:
Website: https://www.arcs-chain.com/
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX?s=09
Medium: https://medium.com/arcs-arx-official