Introduction
Internet of Value OmniLedger of IOVO is an open network database which is global and unique. It is created in order to store and exchange information on any kind of quantitative value asset. It is also a directed acyclic graph (DAG), the next blockchain generation and works like a data management and scoring ledger.
The IOVO DAG is a base layer so it provides the infrastructure for any decentralized application (dApp). It in turn keeps its focus on value and scoring data usage in the following fields: credit, finance, insurance and non-monetary payments.
The platform was designed so a foundation for decentralized apps would be provided.
The result is that the majority of the users will not use the low-level functionality of IOVO directly but they will be able to use dApps that are user-friendly and created by other network users. It is possible for dApp developer to create a new scoring along with the dApp or use one or several of the existing scorings. It means that it is for the author of the dApp to decide which user data will be applied for some specific business purpose and to define the data access rules. The fact is that the dApp developers will drive the actual functionality of IOVO and not the creators of the platform.
The Wallet
The gateway for the users for the IOVO network is the IOVO wallet. It mainly aims to make the access to basic functionalities possible. They include sharing data, receiving messages, performing transactions using IOVO coins and aggregating the data of all the users which is stored in the IOVO blockchain be different applications. The IOVO wallet enables any user to manage various addresses generated from the same master key. Each user get full control over the data this way which includes the ability to transfer data to another device easily if you know the master key. It is also possible for the users to create a new address for each of the dApps on the network. Furthermore, it is possible to share a single address between many applications which allows the users to change privacy preferences for a specific dApp.
Scoring: banking and finance
Token IOVO
This token enables the users to create tokens that are the new currency coins which are built on top of IOVO. It is the choice of the users whether to create a new token along with their dApp or use the token that exists. The author is the one who specifies the rules governing how tokens will be distributed, traded and all.
Summary
IOVO is the one allowing companies and users to own the individual data of theirs and decide what is shown and on what terms with the help of their personal data wallet. IOVO is universal, personal, transparent and institutional decentralized data space. It serves as a global ledger that can secure any type of knowledge-based piece of value that is related to entities and individuals.
All the possible values and scoring features for various market and social applications are stored and supplied with the help of it. IOVO is a database-network which serves as a base layer for future decentralized value market makers.
Home Page: http://iovo.io/
Whitepaper: http://iovo.io/assets/whitepaper.pdf
Twitter: https://twitter.com/iovoledger
Facebook: https://www.facebook.com/iovoledger
Telegram: https://t.me/iovoledger
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=4509519.0
All picture and video rights belongs to: IOVO
Author: https://bitcointalk.org/index.php?action=profile;u=1050687
ETH Address: 0x99E35e87FBD106DBf6fEA82D5b118a3CA4B91A23
Timestamp: 03DEC2018 19:00 UTC
Text Uniqueness: 100%
Checked via: https://smallseotools.com/plagiarism-checker/
Report: https://smallseotools.com/view-report/ee256f0e6fcd63a140c9343f39b755cd
