INTRODUCTION
Authoreon is an innovative decentralized ecosystem that uses AI and the blockchain infrastructure to acheive optimum traceability, security and authorization. It was developed in 2017 by a dedicated team whose goal was to have a ecosystem that authorises, authenticates, verifies and certifies data information for potential users of the network such as consumers, government agencies, firms and organisations.
The architecture holds the promise of enabling a comprehensive self-managed identity, and also make it possible for products to be traced from the supplier down to the eventual owner. The purpose of this framework is prevent fraudulent activities, counterfeiting, identity theft and cyberspace attacks.
THE SOLUTION IT BRINGS
The spate of identity theft and cyber attacks in the Internet world is ever increasing. Numerous methods and policies have been employed to fight these menace, but they just can't nip it to the bud. So these negative trends continue to rise, fleecing off people.
When information data is not secured for subsequent verification and authorisation, billions are lost year. These problems are what the infrastructure aims to solve by giving users the ability to control their identity and data void of a third-party control. The decentralization of authorisation, verification and certification will bring to the minimum the possibility of fraud and theft, while ensuring users' data is more secure and private.
HOW AUTHOREON WORKS
The ecosystem combines the features of Blockchain, AI and algorithms to ensure an optimum security. This is achieved on the architecture by the creation of two different protocols that sit on the blockchain, giving it a three-layer structure:
- Access Lock
- The Synapse
- The blockchain
Authoreon can be accessed via its Web app or its mobile applications available on Android and iOS.
THE TOKEN
The Authoreon (AUN) token is ERC-20 compliant, and serves as a store of value for investors on the network.
According to Authoreon, the AUN token is presently just a utility token used for transactions on the network. Holding it does not signify equity shares or even ownership of any company or firm in any country.
That said, there are three classifications of the tokens based on use cases:
- Utility token
- Security token
- Payment token.
Utility Token: At present, AUN is only used for utility purpose on the architecture. It used for all transactions on the platform, like goods and services. Holders of the token do not by virtue of it have any other right apart from its intended use.
Payment Token: As we speak, Authoreon has initiated the process of implementing the AUN token as a payment token, and this will enable its use as means of payment for customers.
Security Token: Once regulations have been completed making the AUN into a payment utility token, the next step will be to transforming it into a security token. This will enable the platform issue equity shares to the token holders.
BENEFITS OF BEING AN AUN TOKEN HOLDER
- Since plans are in top gear for the classification of the AUN as a security token, its holders will be able to receive share of the profits, depending on how much they hold.
- Immediately after the classification into a security token, the network plans to buy back AUN utility token, leading to a scarcity of the tokens, and an increase in demand. This will eventually lead to an increase in the price.
CONCLUSION
The primary purpose of Authoreon is to achieve decentralization, hence security, of people's data. With its infrastructure, it plans to solve the issues of data and document fraud currently bedeviling the Internet world.
USEFUL LINKS
Website: https://www.authoreon.io/
Bitcointalk: https://bitcointalk.org/index.php?topic=2125495
Telegram: https://t.me/authoreonio
Twitter: https://twitter.com/Authoreonio
Facebook: https://www.facebook.com/Authoreonio-872820659537598/
Linkedin: https://www.linkedin.com/company-beta/18175393/
Reddit: https://www.reddit.com/r/Authoreon/
Crunchbase: https://www.crunchbase.com/organization/authoreon
AUTHORS DETAILS
Bitcointalk username- Uju4real
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2202971