ARCS-The New World Of Decentralized Data Ecosystem

Cryptocurrency has become a global phenomenon in recent years, although much is still to be learned about this evolving technology. There are many concerns and worries swirling around the technology and its capacity to disrupt traditional financial systems. In the crypto currency ecosystem Data is a valuable asset for everyone and is important in the internet era as it is today and over time it can be processed into more useful things for everyone and therefore sometimes someone does not understand the importance of data and is vulnerable to manipulation or something like Data Stealing, as we know various Data can be found easily especially Data that may be useful for the company or other parties but at this time the data is still vulnerable to manipulation and is also not distributed or used optimally. AIre developed by IFA Co., Ltd creates a new framework that uses ARCS as its utility tools where it maximizes and creates a decentralized ecosystem for the data industry that bridges the Global Data with the digital financial world.

Data leakage and misuse of individual data is one of the biggest problems faced in the digital age, but Alre is aiming to redefine how data is being collected, stored and used in a secure and trusted way which has seen the Alre platform getting the needed acceptance from all parties involved in the data industry. The?AIre?infrastructure is mostly designed as a platform which stores the data of individuals for future utilization in the most secure way. And the team offers users the opportunity to get profits on their data supplied to the platform when used.?To reach the goals, the team created a token on the Ethereum blockchain named as?ARCS. The token is created to act as dividends for users who provide his/her personal data to the platform while allowing such data to be utilized in the best of such contributors' interest without going against any legal framework in data usage. The information gathering process is carried out through online surveys or interviews, after this process the person who provides data gets some ARCS as reward which can be converted into other forms of digital currencies and fiat for such owners' personal usage. The total supply of ARCS is 20 billions but?half of the total supply?will be locked for future utility needs under the control of?ARCS Foundation. Even though ARCS is initially created on Ethereum blockchain, the team plans to migrate to a?native mainnet for ARCS. The main reason for this migration is to create a bigger space for a huge dataset which is not completely available on the ERC20 blockchain. Also the Ethereum blockchain is known for security problems plaguing it over the years. In order to secure the data on its platform, ARCS mainnet chain will be created as soon as possible as shown in?the recent Medium article,

Decentralized Data Banks

AIre offering an unique Data concept where utt will becoming Distributed Databased on a Public Blockchain network that is implemented directly with the Smart-Contract Feature on a Network that supports EVM like BSC OR ETH so as to make the process automatic and transparent, It also eliminates the role of a centralized entity thereby eliminating manipulation and data leakage because every communication will be encrypted directly through cryptography. AIre also makes it easier for its users to easily access data in the future just by interacting with the Web3 Interface application. On the other hand, various entities that need data can also easily access it in just a few steps by being bridged through an exclusive API that ensures a flexible data exchange system, It will creating efficient monetization scheme.

IFA foundation is in charge of getting the information or data, storage and its utilization as a tokenized form with its?main goal?being to ''bridge the gap between users and companies''. The simple breakdown of the system is quite easy with one person providing his/her data into the IFA and getting some ARCS in return. Companies in need of such data will then have to go through the exchange where ARCS is traded to purchase some ARCS before collecting such data from IFA. The collected ARCS will then be used to pay others who have interest in the projects and also to those who stake ARCS on the platform. And all this processes will be carried out on the Alre ecosystem. The infrastructure will act as a bridge between users and data banks, while utilizing the stored data?according to laws and regulations?that guides data collection, storage and usage.

The Alre ecosystem can be summed up into 3 different parts: Information(data)?gathering,?Storage?and data?Usage. The platforms provide a wide variety of data collected from individuals to organizations. AIre allows its users to gain more ARCS every time the information is used. The word ‘’AIre’’ means ‘’air’’ in Spanish language so we can easily understand the main purpose of AIre as creating a space without any obstacle between user-data-company.?The data collected from users is not set aside separately. Everyone who uses the platform will gain a?DID/ Decentralized Digitized Identity. Thus, you will manage it everywhere and anytime you want. Also this identity will let users to tokenize any type of personal data such as age, gender, job etc... But this is not limited to that information. You can also tokenize your feelings, ideas, dreams, mental status or?whatever you think?about. Users have access to update their identities anytime which in turn allows users to gain?more?while still being in charge of their data. The team has mentioned according to statistics that almost?2 billion people?have no access to banks but 2/3 of this population has a smartphone which brings them into the digital world. So even the people with no access to bank accounts could gain some ARCS via their phone by completing some interviews or short surveys or by giving access to the platform to utilize the submitted datas.

The AIre platform allows users to easily earn ARCS tokens through various supported exchanges. ARCS token is a native token of the AIre platform which has an important function in accelerating AIre construction and also for users this is the "key" they need to be able to use AIre services because without ARCS tokens users cannot use various AIre services. Later the company will need this token to gain access to user data and the AIre platform will use the token as a reward for users who provide their data. This is a solution that is mutually beneficial for both the company and the user and it is only possible because of the ARCS token. It is planned that this token will be launched on Ethereum-based blockchain and the Binance Smart Chain, but it is not limited to that, likely, other chains will also be adopted considering that the crypto market is very wide and the AIre platform wants to expand its user base.

What is ARCS Token?

ARCS is a native currency that was developed to support various processes in the Data AIre ecosystem, this native currency carries the concept of Tokenization on the Public Blockchain network and is based on Ethereum Blockchain technology (ERC-20) and will be developed on more reliable networks such as BSC or Polygon over time. In the future, users can store these tokens in wallets that support the ERC-20 token standard such as Metamask or Myetherwallet and can be traded on cryptocurrency exchanges that have provided pairs for ARCS, ARCS offers a unique business scheme which becomes a transaction tool in the concept of data monetization special.?ARCS?plays an important role in this ecosystem where it will make it easier for various parties to process transactions by a company or user and of course get various other benefits and therefore ensure that demand continues to grow every time with good long-term potential.

Conclusion

Data is a valuable asset and some people out there don't understand how important the data they have, AIre developed by IFA on the other hand introduces a Data ecosystem that acts as a bridge for everyone to be able to store and monetize their data effectively by interacting directly with them. various entities fairly and efficiently, the concept offered by them is to ensure a distributed system that can be accessed by anyone by ensuring security through cryptography in the distributed database Blockchain. ARCS, which is the native currency of the AIre Ecosystem.

?For more details:

Website:?https://www.arcs-chain.com/

Twitter:?https://twitter.com/ARCS_ARX

Telegram:?https://t.me/ARCS_ARX_EN

Medium:?https://medium.com/arcs-arx-official

Whitepaper:?https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b

Forum Username: ranaprime

Forum Profile Link:?https://bitcointalk.org/index.php?action=profile;u=1849567

POA :?https://bitcointalk.org/index.php?topic=5366613.msg58410113#msg58410113

BSC Wallet address: 0xf49EDB11F718Ae5ccADdDD7a2DDA67773a85a8d0