The society we live in today has few rich and many poor people. The financial strength of individuals divides people into the cadre they belong to. In society today, the rich are friends to the rich while the poor are friends to the poor. Do you think it is possible to live in a society without financial stratification? If you think it is possible, then how do you think it will be? What if everyone can get and buy what they want? I personally think such a society is possible to achieve because there is nothing impossible to achieve if there is determination. We only need to remove the hindrances and after this, living a better life is possible.
A lot of problems have emerged as a result of corruption and this has had a high influence on the economic development of many nations. Corruption is a giant problem bedeviling the economic growth of many countries that are ranked as third-world nations. In order to have an operational and effective economic policy, systemic corruption has to be faced and abolished. Even though emerging markets are growing daily, it has little to no impact in the lives of people living in suburban settlements. By tackling corruption, the standard of living in suburban settlements will be raised.
The ARCC solution comes as a result of detecting and studying of the problem of corruption, then developing a model which projects a corruption free system and also make it known why debt-free capital issues need to be looked into. The solving of these two major problems will result in a relative increase in urban productivity.
To expose corruption, a decentralized information network called Social Proof of Work is used to scrutinize and monitor data of users and will reveal if any urban system corruption is perpetrated. The information gotten from the survey is verified by other users, after this any systemic urban corruption detected will be noted and mapped. The revelation of this will be used against economic elites abusing their position in order to seek personal gains.
ARCC has its functionality based on a macroeconomic stablecoin crypto reserve currency due to its ability to be used as a regional micro asset and also as a pathway for network participation. The reason for this is to use financial inclusion to increase the entrepreneurship interest of the urban working poor in emerging market and to ensure their social-economic mobility by exposing corruption.
ARCC has the full orientation of the working principles in achieving its mission. With the tendency of eliminating corruption from the system, users can easily report corrupt practices and be rewarded upon positive review. The review of these documents provides ARCC the needed help to map the location where poverty and corruption are present. For providing these documents, they will be given incentive in form of tokens for making their documents available. Upon getting of these documents, ARCC will verify it to check it's authenticity to know if there is a mistake or mismatch with the details supplied and the documents. This goes a long way in identifying corrupt persons. Using this strategy makes the social proof of work a very powerful economic model which helps in the eradication of corruption in society.
The project function using Social Proof of Work Mining. Some of its functionalities include:
- Socio-Economic Price Sponsorship
- Peer-to-peer Investment Platform
- Asset Management Platform
- Entrepreneurial Grants
- Social Impact Staking Community Program
- Basic Insurance based on ARCC holdings
- Charity Lottery Donation Platform
The ARCC APP is built to use a centralized model but will later be developed into a decentralized system. The APP has 3 function keys which are Regional ID, Survey participation and Social Proof of Work network. The APP will subsequently be subjected to upgrading to increase its security ability.
ARCC Token is an ERC-20 Token developed on the Ethereum Blockchain technology which can be mined through active participation on the ARCC APP using the process of Social Proof of Work.
ARCC (ASIA RESERVE CURRENCY COIN) is a patent from the Blockchain International (IBMR) and is built to tackle and expose corruption using blockchain technology. Its work is based on the document received with the help of socio-economic surveys, this is done to expose corruption in the society.
You can easily find more details about ARCC, or become a member of its online social community by using any of the following links:
WEBSITE: https://ibmr.io
WHITEPAPER: https://ibmr.io/wp-content/uploads/2019/02/ARCC-WhitePaper-Jan-feb-26-web-file.pdf
SOCIAL MEDIA
TWITTER: https://twitter.com/ARCC_IBMR
FACEBOOK: https://www.facebook.com/AsiaReserveCurrencyCoin/
TELEGRAM: https://t.me/arccenglish
YOUTUBE: https://www.youtube.com/channel/UCEBy9xyVZPaLFqVllY3d12A
AUTHOR: SEXAPHILIAC
BTT LINK: https://bitcointalk.org/index.php?action=profile;u=2435036
WALLET ADDRESS: 0x490e4183b2C277A9D125fe0A554bEFC9400D681a