IOVO PROJECT AND IT'S ICO REVIEW (INTERNET OF VALUE OMNILEDGER) - MONETIZATION TO THE REAL PEOPLE GENERATING DATA

dprince2281 (5)in #dprince2281 • 6 years ago (edited)

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INTRODUCTION:

The blockchain framework is encountering a fast acknowledgment and additional appropriation. Numerous ventures have seen its advantages, abilities, and possibility to enhance their activities, so they are embracing the innovation. Because of the wasteful aspects of the concentrated arrangement of running an industry which various ventures are utilizing now, bunches of businesses sort for a superior arrangement which will enable them to guarantee the proficiency of their tasks. The blockchain is a completely decentralized framework which is, truth be told, the response to the supplications of most businesses who were searching for an exit plan. The blockchain innovation has truly realized an incredible transformation in the different parts of the economy where it has been utilized by guaranteeing the clarity of activities, effectiveness, and speed in the framework with the guide of its advances.

According to the purpose or fixed design of this article, Today! We will be discussing or analysing about a particular amazing project called: IOVO

WHAT IS IOVO?

IOVO (INTERNET OF VALUE OMNILEDGER) is the first decentralized platform which aims to give full access and control of data ownership to and its monetization to the real people generating the data. IOVO aims to promote and enhance human life and value through the use of blockchain technology on its data platform.

IOVO has put in measures to make data sharing easier through then adoption and introduction of DAPPs which has been a great and welcome development by members of the platform.

IOVO also seeks to change the data analogous paradigm to digital, so as to ensure that data generation will no longer exploited by large corporations.The decentralization that is enabled by Blockchain delimits the middlemen and directly connects users to data acquirers.

This blockchain and smart contracts technologies would provide full transparency on how data is collected, verified, updated
and guarantees the reward for the collectors and data owners.

ABOUT IOVO

One of the major missions of IOVO is to have humans placed at the fore and center of the data ecosystem with accuracy and privacy.

As the need for accurate and decentralized data sprungs on daily basis, a need for a decentralized revolution of the data network becomes needed and necessary, Iovo then seeks to tackle the challenges of data ownership and data reliability by creating an ultra-scalable ecosystem that ensures that data is as accurate as possible attesting to the obvious fact that, data needs to be decentralized, disintermediated, and incentivized and accurate. IOVO rising collaborative solutions using the blockchain
and smart contracts now make this mission possible.

By using the dAPPS tool, IOVO will be the first ever decentralized platform to revolutionize the data network generation freely and securely between data collectors and acquirers. IOVO aim is to create an ultra-scalable and highly reliable platform, so as to secure the relationship between both parties that is, the data collectors and acquirers.

The IOVO platform will be built on different technological layers which would go along way ensuring the accuracy, efficiency, security and flexibility of
data collection.

IOVO SOLUTION

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To every problem begets a solution in any ecosystem. Since generating a quality data becomes a difficult issue and attracts a serious setbacks in today's ecosystem, Dataeum has come to put a better shape and difference by creating an ultra-scalable and highly reliable platform by using DAG, dAPPS and smart contracts being unique and innovative solution to collecting and securing a 100% of the world's physical data.

IOVO will be the energy-drive and the first ever decentralized and collaborative network for data generation.
This decentralized network will democratize access to data while rewarding those who generate it.Through Iovo's crowdsourcing feature, a clear way would be paved for those those who collect, collate and generate data to be rewarded. Data will then not be accessible for use via the centralized but
within a decentralized marketplace, according to the different needs of each market player. It is however pertinent to know that:

IOVO gives users ownership and full control over their digital value and privacy,
together with shifting data monetization processes from large data collecting
organizations to the final user.

THE BENEFITS OF IOVO FOR USERS INCLUDE THE FOLLOWING: