INTRODUCTION
In the modern digital world enormous amount of data is generated at any moment. This data is stored, transferred and shared often, this valuable data represents human value and when denied ownership and control. This limits the operational human capital and the ability to monetize human value via different forms of exchange. The internet of value omniledger (Iovo) will return ownership of that value back to the individual and store it in a safe and secured manner. The Iovo democratizes the monetization of data expressed as an electronic identity for all participating parties.
The term " omniledger" refers to IOVO's status as a "Ledger of ledgers, a universal global database network acting as a base layer for different decentralized social and commercial applications. As an omniledger, the LOVO will become a secure, growing and transparent infrastructure for various quantitative value management platform and dAPPs, providing both user empowerment and social and commercial utility.
PROBLEM IOVO SEEKS TO SOLVE
IOVO is a decentralized database ecosystem. It is dedicated to giving the data ownership and conrol over data and it monetization to those whose lives generate it. Users own all their personal data and any further data derived from it like scoring, this makes IOVO a universal database network infrastructure.
ABOUT IOVO
IOVO is a directed acyclic graph ( DAG) that is designed as a platform for various kind of applications. The IOVO's primary functions are to collect, store and secure users data shared with applications built upon the IOVO DAG.The users data can not be accessed by other users without the original users consent. If users agrees to share their data they will recieve an agreed fee when that data is accessed, users decide precisely how much of their data is made externally accessible to other parties, while keeping complete control over it. IOVO creates the infrastructure to provide a new data economy, one which allow users to monetize their data and access benefits that were previously available to the owners of applications and projects.
BENEFITS THAT CAN BE DERIVED FROM IOVO
IOVO satisfies the following particualr needs of diferent participating parties such as:
COMPANIES AND DATA ANALYSTS.
IOVO is a strong network database for inference, analysis and browsing. The infrastructure is comprehensively analysis-friendly and equipped with a simple access to external analytical tools.Researchers and analysts can also use tools and solutions delivered by IOVO.The benefits of IOVO for companies and data analysts include:
Direct contact with surveyed users.
Full anonymity.
Big data access to complete network
Secure data storage and unmodifiable history.USERS.
IOVO gives users ownership and full control over digital value and privacy with moving data monetization processes from wide data collecting organizations to the final users. The benefits of LOVO for users include:
- Data monetization
- Data wallet and access to IOVO network
- Anonymity
- Data security and transparency
- Data ownership
IOVO WALLET
The IOVO wallet allows a user to operate multiple addresses that are generated from a single master key. This will provide users enough control over their data, including the ability to simply send data to another device easily by knowing the master key. Users can create a new address for each dAPP on the LOVO network or a single address can be distributed among many applications, allowing users to change privacy preferences for a specific dAPP at any time. The IOVO wallet will aggregate data from every address linked to the master key.
IOVO APPLICATION
This days most operators are changing from desktop devices to smartphones. Knowing that IOVO must provide tools to allow simple integration of mobile applications with the IOVO network. The IOVO will help provide frameworks for the leading mobile projects that will easily enable integration and will allow support basic operations on the IOVO blockchain.
IOVO TOKEN
IOVO enables users to provide tokens- coins of a new currency layed on top of IOVO. The dAPP developers can either provide a new token along with their dAPP or use one existing token tocreat a new scoring, the author of the token indicates the laws guiding how tokens will be shared and traded.
CONCLUSION
In conclusion the lOVO's value management features are implemented using a highly effective distributed system of accounts and the transactions carried out among them.
Useful Links
Website: https://iovo.io
Whitepaper: http://iovo.io/assets/whitepaper.pdf
Facebook: https://www.facebook.com/iovoledger
ANN post: https://bitcointalk.org/index.php?topic=4509519.0
Author Details
Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137
Eth Address: 0xA9334e54F7627332bC581d6dd6fD94aB79b39E55