ARCS

May 03, 2020

ARCS

About ARCS

ARCS Is Basically A Token Which Relies On The Ethereum Platform. However, The Operating Situation Of The Ethereum Platform Is About To Reach Its Limitation, Which Has Provoked Alarm About Its Future Prospects. Of Course, There Is Still A Great Chance Of Improving The Situation. Nevertheless, We Are Considering Reissuing ARCS By Using A Potential And Highly Scaled Platform Compared To The Current Platform.

All In All, Not Only Issuing Settlement Tokens Which Have Settlement Ability, But Also We Will Issue Governance Token, Which Commits To The Management Of The Are World, And Security Tokens That Fit Regionality. We Will Do Our Best To Develop ARCS Because It Will Contribute To The New World.

ARCS Vision

This Enables Businesses To Buy And Sell Data While Being Compliant With Personal Data Regulations, Ultimately Improving Their Data Analytics Capabilities And Deriving Meaningful Insights. Individuals Who Provide Information To Data Banks Will Be Protected By A High Level Of Privacy And Receive Rewards Based On Inputting Data And It Being Used.

Buying And Selling Data Is Increasingly Becoming A Major Part Of Our Lives, Aire’ S Proposed Ecosystem Will Make Buying And Selling Data An Integrated Part Of Our Lives Whilst Ensuring Privacy And Fair Distribution Of Data Trade.

Challenges With Personal Data

In Recent Years, Personal Data Become Increasingly Fragmented Across Different Services And Often Rests In Databases Without Proper User Consent. This Leaves Users Without Proper Control Of Their Data And, To Some Extent, Their Identity. The European General Data Protection Regulation (GDPR) Was Brought Into EU Law To Address This Problem. However, Corporations Still Accumulate Large Volumes Of Personal Data For Analytics And Monetization.

Data Is Often Described As “The New Oil” And Users Are Fast Becoming Aware Of The Value It Holds. This Has Given Rise To Several Data Banking Businesses Who Strive To Buy Data And Sell For Profit, Nonetheless Always With The Interests Of Large Corporations In Mind. AIre Is Built With Mechanisms To Give A Fairer Distribution Of Profits Made From Personal Data By Giving Users Self-Sovereign Identities.

ARCS Solution

ARCS Solves The Problem Of Inefficient Data Use. Currently, Each Company Only Stores And Uses A Portion Of The Information Its Users Leave Online. Therefore, A Complete And Accurate Profile Of Users Cannot Be Collected. Users Generally Have Negative Feedback On The Current Use Of Their Data Because The Information And/Or Recommendations They Receive As A Result Of It Being Used Are Often Inaccurate.

To Solve These Issues, AIre Enables Unified Management Of User Data Which Allows For Data To Be Used With Consent And Data Rights Protected. We Believe That This Mechanism Can Provide A Wide Range Of Application Services For Users. We Refer To The Interface Which Can Offer These Services As A “Next-Generation Bank”. Next Generation Bank Is A Comprehensive Digital Wallet Necessary For The Coming Era Of Digital Transformation.

A Single Service Provider Will Not Provide All Services And Each Service Provider Will Provide Their Service As Part Of A Next-Generation Bank Using A Single Token. The Next-Generation Bank Is A Digital Wallet Which Handles These Services. AIre Tokenizes Valuables As Security Tokens Through Data Bank, Such As Stocks, Real Estate, Art, Etc., Makes Payments/Transfers Using Cryptocurrencies. Further Details Are Described In “Future Development” Section.

ARCS Utilizes This Data To Create New Evaluation Standards. In Addition To Ensuring Compatibility With Other Participant Companies On The AIre Platform, AIre Will Take The Initiative In Handling New Technologies And Concepts Regarding User Data Management To Become A True “User Sovereign” Platform.

Market Size

ARCS Targets Wide Variety Of Markets, The Two Main Markets Are: The Information Industry Market, AIre’s Information Banking Initiative Will Target This Market; And The Financial Refugee Market, As Described In The “Future Development” Section. To Give An Example, A Decentralized Digital Identity (DID) Infrastructure Can Be Developed By Utilizing Data Stored In An Information Bank. As A Result, It Is Possible To Target Unbanked People Who Do Not Have Access To Financial Markets Since They Do Not Currently Have A Digital Identity.

DETAILS

Issuer: IFA Co., Ltd.

Token Name: ARCS

Token Symbol: ARX

Total issues: 20,000,000,000 (20 Billion)

Decimal places: 18

Blockchain Platform: Ethereum

Token Standard: ERC20

Contract address : 0x20b1a8a9ca1c7302b7f774266c491c7b11622779

TEAM

Masashi Mizukura

Kunihiro Katsuragi