Globally, only a few people knows how much value their data and information possesses, some people need to be educated on how much several internet platforms generate from the KYC information being uploaded by them, in fact I have seen some platforms that pays peanuts to users just because they need their KYC documents, that’s to show you the extent to which a lot of companies need your private data and documents for the sole purpose of monetization.

Having said that, we should also know that this information about you might get into wrong hands, and when that happens, then it’s a big crisis to affected people. Nevertheless, this same information can be used by lots of companies, advertisers and businesses to promote their several brands and business , the reason being that it gives them a very good target audience which makes their advertisement more productive.

However, it has been a major problem globally that users data that are being sold to these businesses, advertisers and brands are most times incomplete or even wrong, even those correct and useful data being gotten from these different platform users are being stolen from them without their consent whatsoever.

This calls for a need to have an effective platform that’ll bring an end to all these by bridging the gap between data owners, data banks and data users, hence the advent of Arcs token.

Arcs Token

It’s no longer news that the blockchain technology is the next technology revolution and this is the reason why Arcs token has decided to make use of this technology to bring an end to the miseries being encountered by data owners and data buyers.

Arcs token is owned by Alre platform which is an ecosystem that is targeted towards bridging the space between data banks and their users by provision of functionalities of data banks which can be easily operated upon and also allows easy transactions between individuals and businesses.

The platform will acquire various types of personal data from users, adds value to the data, stores the data in the data bank system after which the system calculates the hash values of each data stored on the blockchain for security purpose, then return it to data users. These data shall be used as an efficient tool for marketers and advertisers to reach their audience easily after being sold to them by the platform. Data owners that input their data to the platform shall be compensated through the platform’s token.

A great functionality of the platform is the provision of easy to access ID/Wallet which allows you to input your personal information that can be visualized through scoring. This makes it easy to receive financial services which weren’t possible previously.

What other features are to be enjoyed on the platform?

• Availability of wallet for ARCS (the platform’s native token), payment tokens and associated services which allows the users of the platform to transact with tokens and use them for other purposes
• Easy accessibility to P2P loans and investments
• Provision of a new credit standard
• Future plans of assets tokenization which includes art, real estates and also security which can be exchanged in real time on the platform
• Implementation of Decentralized digital Identities (DIDs) to their blockchain in order for users to assign attributes to their digital identity.

ARCS token Details

ARCS token which is the native token of the platform is an ERC-20 based token with the symbol ARX with a total supply of 20billion. Alre platform shall develop its own blockchain in the future in order to accommodate better scalability and performance as a result of the enlargement of the platform, this shall be followed by token swap in which the platforms present ERC-20 token shall be swapped to the platform’s blockchain tokens.

Conclusion

Gone are the days when your data are being stolen from you without your consent to the extent of being monetized without any compensation to you, Arcs token is here to bring an end to all of that which is not only beneficial to you alone as data owner, also it’s of great benefit to advertisers and several companies who needs to reach out to the right audience. This is indeed a one in a million project, you surely don’t want to miss out on it!

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