ARCS Token: The Way Forward to Efficient Data Banking, Usage and Management
Introduction
Generating data is one thing and another is to ensure that it is properly managed and ptotrcted to the core. Over the years, the internet has been the locker room where almost all the major sourcing of data storage have been solely done. Even till date, most people trust their vital works, details, information and general events on the claws of digital storage.
A similar situation is just like saving money in the bank it is always important to save it where it can be fully secured and accessible. For this reason, ARCS was birthed to provide an efficient data banking, management and utilization.
Introducing the ARCS Platform
ARCS is an ecosystem that is concerned about data managrment. It is a blockchain based platform targeted at acquiring various types of personal data, adding value to the data, thereafter returning it to the user of these data. It’s of no doubt that these valuable data will be an efficient tool for marketers and advertisers in order to reach their targeted audience, hence promoting various crypto businesses.
How it works
ARC consist of three primary functionalities which are data input, data storage and data utilization. It makes available an ID/wallet which is simpler to access than bank accounts. This wallet gives users the opportunity to input their personal data. This will allow them receive financial services that they couldn’t previously receive.
The input of their data on the platform earns them a bonus for using the platform’s tokens, these data will be be stored in the data bank system which the system shall calculate the values for each data and store in blockchain to ensure the data is protected. However in the future these data shall be monetized through the allowance of companies to integrate their businesses and applications with these information banks.
What are the benefits of the ARCS ecosystem?
This platform comes with unique benefits, which includes;
• with ARCS, there is easy access to P2P loans and investments
• avialability of a new credit standard
• execution of decentralized digital Identities to their blockchain to ensble users assign details to their digital identity
• availability of wallet for the users of the platform to transact with tokens and use them for other purposes.
• ARCS also has the plans of assets tokenization such as art, real estates and also security which can be exchanged in real time on the ARCS platform.
Tokenization
The token name is ARCS with symbol, ARX and the type remains ERC-20. The total supply so is over 20 million ARX. There is actually a future plan of creating a customized blockchain so as to maintain scalability, customization and performance.
Conclusion
Irrespective of how efficient any system can be it cannot be termed successful if it's not cost-effective and secured, the ARCS enhancement initiative towards ensuring that blockchain platforms give users the best for their time and money.
ARCS has not only come to link up data banks and data users, but it has also come to reward data owners for their real data, this means that business owners, advertisers and companies will no longer operate on fake and incomplete info as it has always been, but rather have access to real-time and valuable info which in no doubt will improve their business tremendously.
For More Information Visit The Following 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 Username: Rosarymay
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2430388