ARCS: ADDING VALUE TO INDIVIDUALS THROUGH THE RIGHTS TO THEIR DATA AND THE WORTH THEIR DATA HOLDS GLOBALLY

in #blockchain5 years ago

OVERVIEW:

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Today we are going to focus on a solution-oriented platform called ARCS; basically, ARCS is a coin that harnesses and leverages on the Ethereum platform. Firstly the operation of the Ethereum platform is about to attain its boundary, which has raised concerns about future prospects. Of course, there are still great opportunities to bring about the awesome advancement of this situation. In other words, developers are poised to consider re-issuing ARCS by using a potentially high and scalable framework in relation to other platforms.
All in all, not only the issuance of settlement coins with settlement capabilities, but they will also issue governance coins and security coins suitable for regional management dedicated to the management of the Alre world. Äccording to info graphic made available, “” We will do our best to develop ARCS because it will contribute to the new world”.

THE ARCS ALRE CONNECTION:

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Alre is part of ARCS, in other words, Alre is the issuing company of ARCS coins. ARCS is basically a utility coin. Utility coins can be used to purchase products via a platform. Apparently, a good number of cryptocurrency exchanges have issued their own original cryptocurrencies for customers to use to reduce transaction costs. The main difference between currency and utilities is that holding a utility coin can access the functions directly provided by the company that issued it. Taking the perspective of cryptocurrency exchange, the use of coins alone allows holders to obtain reduced transaction costs. Most coins created in blockchains such as Ethereum are basically utility coins because each token is intended to be used natively on a single platform, such as a decentralized application. However, now, ARCS provides solutions, governance tokens, and utility coins. ARCS deep seared aim is to provide investors with other methods besides payment methods to reduce transaction costs and this is hugely a thriving imperative.

FUNDAMENTAL BENEFITS OF THE ARCS INFRASTRUCTURE:

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The revolutionary and innovative ARCS infrastructure is imbued with valued-laded benefits which includes
**Quick Time Confirmation,
Basically, participants only need to wait a few minutes to transfer cryptocurrencies anytime and anywhere, without global restrictions onboard the platform
**Cheaper Transfer Fees,
Compared with the cost of using an intermediary, users only need to pay a small portion of the cryptocurrency transfer fee for transactions on ARCS.
** Security,
Largely because this fascinating architecture is decentralized, ARCS will not be damaged even if some problems occur. In addition, all encrypted transactions cannot be changed or manipulated.
**Transparency,
Participants can seamlessly verify and record the details of each transaction in the history of the blockchain.

TOKEN DETAILS:

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Coin name: ARCS
Token: ARX
Total supply: 2,000,000,000 (20 billion)
Decimal: 18
Blockchain platform: Ethereum
Standard coin: ERC20
Contract address: 0x20b1a8a9a9ca1c7302b7f774266c491c7b11622779

Coin Distribution.
10,000,000,000 50 % : For third-party organizations(*1) (with lock-up)
2,500,000,000 12.5 % : Free distribution to AIre startup supporters
500,000,000 2.5 % : Incentives for core members
500,000,000 2.5 % : Incentives for partners
4,000,000,000 20 % : IFA allocation for development and operations
2,500,000,000 12.5 % : Reserve

ABOUT ALRE:
AIre is an environment around databases and those that use it. Basically, it provides functions for databases so that they can operate efficiently and conduct transactions with businesses and individuals. As we go on we will make available an overview of AIre, its functions, and its business model. One that will also include a description of measures to prevent data tampering through the use of blockchain technology and interconnected database hubs therein.

THE ALRE INNOVATIVE PROCESSES

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Lets now focus on the Alre’s innovative procedures, fundamentally, Alre comprises of some of the most amazing functionalities. This operation modus can be classified into three major parts including Information exploitation Information storage and information input. Taking a cursory look at the framework, the database is the central part of the system responsible for storing data, and the API has the ability to seamlessly simplify and organize the data flow, resulting in the ability of users to manage their data in an integrated ecosystem.
Now to peruse through these three well-orchestrated Alre functionalities which include:

**Information Exploitation
Talking about the information utilization or otherwise, exploitation, AIre's proprietary API allows companies to integrate their business and applications with databases and even provide their own database services. The ecosystem will enable the technology to handle various business scenarios, such as the implementation of the DID W3C standard or the reputation and evaluation system framework. The network maintains an eternal record owned by the participants, which has been granted access to which data and which rewards are subsequently allocated to which data providers.

**Info Input
Users can enter basic personal information, such as gender and address, answers to questionnaires, blog text, and links to social media accounts. In turn, based on the input information and frequency of use, they will receive coins as a reward. AIre aims to handle high-throughput and multipart data formation, emerging technologies such as the Internet of Things and artificial intelligence agreed by users, including location data from smartphones, health service data from smartwatches, payment history, and web searches.

**Information Storage
Basically, the information is stored in the database system with a view to save data integrity, the system will automatically calculate the hash value. The value of data and store it on the blockchain. This is possible. Anyone who has the data can verify whether it has been tampered with.

TEAM ARCS

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According to trusted experts in the blockchain and data management ecosystem, the success of the ARCS project and infrastructure is relative as a result of the pragmatic inputs and discerning abilities of the vast experience team led by the mercurial Masashi Mizukura. Below are some of the contacts of the team.
Executive Director - https://www.linkedin.com/in/masashi-mizukura-07743718b/
Chief Operating Officer - https://www.linkedin.com/in/kunihiro-katsuragi-94043b178
Chief Financial Officer of Hiroshi Mizukura - https://www.linkedin.com/in/h-mizukura-20743918b/
Abe Liang and Chief Risk Officer - https://www.linkedin.com/in/yoshikazu-abe-73b3b916a
Director of Marketing, Ryohei Osaka - https://www.linkedin.com/in/ray-osaka
Chief Technical Officer of Four Articles - https://www.linkedin.com/in/yoshinobushijo/

CONCLUSION:
Let me end this by saying that following the recently disclosed public company misuse of public knowledge of personal data, many Internet users feel uncomfortable in providing personal data to the service. AIre will encourage users to use the information they provide, which is expected to reduce the resistance to storing personal data and this value is phenomenal for users and investors.

For More ARCS Resources, click on the links below:

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
BITCOINTALK: https://bitcointalk.org/index.php?topic=5244177.0

Bitcointalk Username: Danda23
Bitcointalk Profile link: https://bitcointalk.org/index.php?