The Next-Generation Data Bank
Albert Einstein says, “Life is like riding a bicycle, in order to maintain balance, you must keep moving”
The problem is, every one of these moves, generates data in a profound surveillance digital world which makes it impossible for people to maintain proper balance under the legacy system. Data plays a vital role in individuals’ well-being, any distortion of these data can distort the individuals’ life.
Our smart devices made it easier for us to use online resources like communication, research products, purchase items, and access banking services etc. However, every use of these systems is data in the making. In general, we generate about three quintillion bytes of data every day! This data usually falls in the hands of surveillance capitalist without proper user consent.
Big Data
The invention of “Big Data” has resulted in an internet landscape where every company tracks its users’ information. Big Data is a term used to refer to the huge amounts of statistical information companies use to run their businesses. Newly generated data holds untapped potentials for companies that want to better understand their customer base, product performance and market trends.
An interesting insight from Big Data revealed that people often acquire things and use them inefficiently.
For example, a lady may own a handbag that she uses only once a year. That bag sits around gathering dust for the other 364 days, the same goes for a gazillion of other different items. Isn’t strange that a good amount of money gets invested into items that are used once in a blue moon. Well, that insight has led to the formation of the “Sharing Economy” as we know it today. The sharing economy lets people share their unused stuff with other people and get paid for it.
In other words, if you only use your car three times per week, you could generate money by letting someone else use it instead of sitting in your garage for the other four days doing nothing. Companies like Uber and Airbnb took advantage of this principle to find opportunities for untapped sharing markets.
In the wake of digitization and datafication, user data fuels the sharing economy and should create money generating opportunities for ordinary people around the world. But, our digital lives have been hijacked by tech giants who own and control user relationships and the centrally controlled servers that capture and trade user data.
But, “AIre” — the next-generation data bank, is changing all that.
Thanks to AIre blockchain innovations, we now have a level playing ground in a transparent ecosystem that gives individuals and businesses the edge to maximize the data-sharing economy and stop playing victims to surveillance capitalist. By giving users self-sovereign identities, AIre ensures a fairer distribution of profits made from personal data, — just like “air” is evenly distributed to humanity.
AIre means “air” in Spanish.
And just like air, AIre is a global platform created to visualize the value of people anywhere in the world. Every value a person has, whether it’s an idea, a technology, or things they have, can be tokenized. You can exchange it, for money, request it, and purchase it freely.
As data monetization ecosystem, AIre centered around data banks and their users, it provides functionality for data banks so that they can operate effectively and transact with businesses and individuals seamlessly. Before AIre, companies are limited to a portion of information its users leave behind online, which is generally incomplete and inaccurate profile as users become more and more agitated on the rising abuse of their data. For the benefit of all, AIre enables unified management of user data which allows for data to be used with consent and data rights protected.
AIre custom-built applications and proprietary APIs makes it easier for companies to build their business scenarios and applications on AIre with powerful insights from data analytics while providing a wide range of application services for users. These services are referred to as a “next-generation bank”, which is a comprehensive digital wallet necessary for the next digital transformation powered by its native token “ARCS”.
AIre is positioning for a wide variety of markets with two main markets which are: the information industry market and the financial refugee market, this also means that AIre’s information banking initiative will be able to cater for the 1.7 billion unbanked. By furnishing them with a decentralized digital identity (DID) and creditworthiness, that’s where AIre vision statement can actually come to light! Though the ecosystem will include participants of all shapes and size including large data corporations. Furthermore, AIre will tokenize valuables as security tokens through the data bank, such as stocks, real estate, art etc.
AIre is built with five hallmark tools which are:
1. BASE: Base is a bank for value gathering, it’s the control tower that controls the entire ecosystem. The value accumulated here is scored and linked to individual new possibilities.
2. BRIDGE: Bridge is a digital wallet that digitizes your value, this value can then be bought and sold by the synchronized AIre SHARE.
3. MINE: Mine is a lab centre where people can develop their individual value, it’s a place to analyze your various possibilities to discover and utilize those that can be converted into value and tokenizes those values on mine.
4. SHARE: Share is a marketplace where you can trade your values, as you produce them. The tokenized value is displayed for each genre and can be freely bought and sold on share.
and
5. VOICE: Voice is a library where you can Visualize various values around the world that are unevenly distributed in AIre, methods and technologies in various fields are being monetized on voice.
Revenue
Transactions in AIre ecosystem are protected by the “rule of code”, enforced with blockchain smart contracts. This enables businesses to buy and sell trusted data while being compliant with personal data regulations. Personal data in data banks are protected with a high level of privacy and rewarded with ARCS token based on the volume, type, and quality of the data.
Tokenomies
ARCS Token is the digital currency of AIre platform. It’s an ERC-20 utility token used for buying data on the data bank and for user incentivization for data inputs, ARCS serves as the oil that keeps the ecosystem running and since third parties will be building on AIre, it opens a whole range of potential use cases for ARCS Token. ARCS is currently trading on KuCoin, Latoken and ProBit exchanges under the ticker ARX.
In conclusion: If you forget everything else you read in this article, remember, AIre platform is created to visualize the value of people, every value a person has, whether it’s an idea, a technology, or whatever they own, can be tokenized. You can exchange it, for money, request it, and purchase it freely. AIre is open all over the world and anyone can participate, into a world of countless values.
Website 1 https://www.arcs-chain.com
Website 2 https://www.aire-pjt.com
Website 3 https://en.ifa-aire.co.jp
Telegram https://t.me/ARCS_ARX_EN
Twitter https://twitter.com/ARCS_ARX
Medium https://medium.com/arcs-arx-official
Inspired by AIre concept— Bitcointalk profile: c_okenwa
