AIRE : PROVIDING DIGITAL IDENTITIES FOR DATA OWNERS AND USERS
INTRODUCTION
In the earlier articles written about Alre, it's explained how this project has started to improve the data industry, providing data protection and easy monetizing. However, we will continue the series by talking about how it is going to make use of it's DIDs to provide digital identities.
ABOUT THE DECENTRALIZED DIGITAL IDENTITIES (DIDs)
Through the blockchain, so many cryptocurrencies can be used as long as users have a safe wallet that supports this process. This platform in the same way has provided ARCS token, to be used from a stable wallet just like any other cryptocurrency. Users will have a means to send their assets. Now the concept of digital identity through DIDs implemented by Alre is such that each users would be able to manage their self identity from a portable wallet integrated into the blockchain. So the wallet make one user different from another with all of them having their unique verifiable information.
ARCS WALLET PROVISION FOR USERS
Alre provides a digital wallet for users to make payments with the ARCS token for all the services rendered and rewards to be given in the ARCS token. This provision makes transactions easy and stands as the major products of the platform through which users identities can be known. This platform also has the concept of the next generation data bank which is developed using cryptocurrency wallet. All assets holders have this wallet to store assets and to use other advanced features that makes transactions easy to complete even with the UX.
Users personal information is unique and different class of asset in the platform. Users in this platform would be able to authorize the use of their data when they have met certain conditions with the ARCS token. The DID identities of users on the blockchain will remain the solution to issues concerning data and would remain the only form of identity in the community.
The financial data of other existing banks would be merged with AIRE through the API. The API will bring about cooperation and fairness to banking operations in the digital network even as personal information are stored in it. The value of Alre would be raised remarkably as it coexists with other banks. This will make it manage risk and data provided in it very well better than the existing system of data.
CONCLUSION
Users will enjoy a lot of financial services and make more money from their real data uploaded to the network. Users trust for the network would be increased just by the way data are being utilized in Alre. This is a good platform to join right now on the blockchain. There is no limit to how much a user can make off their data as they join the network and be a data provider. All they would have to do is consider the data bank and the ARCS token which would fulfill all the transactions in the community. . I recommend this platform for every data user who would like to earn more using the Internet.
USEFUL LINKS
Website: https://www.arcs-chain.com/
Whitepaper: https://www.arcs-chain.com/whitepaper_en.pdf?v=20191122b
Telegram: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX
Medium: https://medium.com/arcs-arx-official
AUTHOR'S DETAILS
Bitcointalk Username: Darlingtonchuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2802464