Problems that need to be addressed:
As we all know that we have human rights, similar to that we also have human value and by this value we can claim that everything that belongs to us, no one else have right to have it. Even it is your tangible property or intangible words, information and data, only you should have it and only you should get benefit from it. But you know you have been benefiting others by your personal data or information. The platform that have been benefiting are centralized platforms including Facebook. This is the proven fact that Facebook have been breaching the privacy of its users for its own profit.
Owners of Data from all over the world have been losing their data continuously but they can generate handsome income from this. The problem with existing networks is that Data creators are not actually the Data owners. Network operators become owners but Creators get no reward and recognition as they do not have control over their own data. Long story short, Data have been misused by the hands of digital world. To end this expanding problem a versatile and novel platform came into existence known as IOVO.
IOVO:
The platform IOVO is basically a decentralized DAG (Directed Acyclic Graph) platform exclusively designed to protect the privacy and data of individuals and to give them a chance to reclaim their ownership to the data. Now the power will be back in the hands of owners and human value will be at its extreme. IOVO is created for many applications.
What significance IOVO holds?
The foremost importance IOVO platform holds is that IOVO let you monetize your personal data and no one else can have access to your data without your permission.
Even when you let others to have your data they will pay you for this. The token sharing/ earning will not be random rather IOVO will use a proper scoring system. Any new DApp developer can either use present Scoring system or can propose a new one.
In this way users can get reward/ funds by the users who are accessing your data. The funds will be in the form of a crypto token that will be explained later in this blog.
Even there is option to mine its crypto token. There is a platform native token and every DApp can also generate its own token or can use the native token of IOVO platform.
There will be complete security to the data. One can also store/collect data in the applications integrated with IOVO DAG.
IOVO has Proof of value mechanism but in their case the validators of IOVO transactions will also get paid or rewarded.
In fact every activity on the IOVO will have a benefit at its user’s end.
Problems solved by IOVO:
IOVO being DAG system solves many existing problems including weak motivation for broadcast transactions, mitigate the risk of computer attacking, proof of stake and proof of value is being used instead of proof of work in order to solve the problem for low-powered devices being used in network. Finally multi-blockchain DAG technology solves the major issue of data storage. Due to this technology comparatively small storage will be enough to store data.
Information about IOVO network:
IOVO network is completely decentralized yet transparent database with user friendly protocol. In this way user from entire globe can browse it very easily. Unlike other platforms it does not utilize user’s data for its own benefit. Only data creators can monetize their data. It also have a reliable process for transactions at very insignificant rates but with fast speed.
What IOVO future holds?
Apart from protecting data it is a database as well which gather data from all integrated Apps. By keeping in mind this fact it can be analyzed that IOVO has significant potential to become the largest database in near future. IOVO DAG is expected to launch completely in 2019 however private and public sale for IOVO tokens are to be taken place in by the end of 2018.
The IOVO token:
The IOVO token also have ticker “IOVO” as well which will be available during private and public sale. Visit the sites mentioned at the end of the blog for updates about token sales and bonus.
Below is the table covering significant facts about IOVO platform:
IOVO stands for Internet Of Value OmniLedger
Ticker IOVO
Hardcap $30 million
Price 0.12 USD/ IOVO
Accepted Currency ETH, BTC
Total tokens 1.000.000.000
Wallet Given to every token holder, Keep tokens, Gateway to access the database of IOVO
Needs fulfilled of Users, DApps, DApp’s owners, Companies, Data Analysts
Merits Scalability, Stability, Security, Data storage, Monetization and Transparency
Technology Smart contract and Multi-blockchain DAG
Applications built on IOVO:
IOVO have already built DApps (decentralized Apps) one of them is “INFLUNOMY”.
INFLUNOMY is online Marketplace where users can get discounts merely by posting about any place/ brand (sort of hand of mouth advertisement). Users can keep their reward or can also trade it for anything else.
Another application is DROPP, where you can add pictures or videos of any place to its map location. In this way other users can also get a review about that place, but keep it in mind you are not doing it for free.
Other DApps include Flatty, IOVO banks and many more to come. Visit official website for more details http://iovo.io/.
Moreover, any type of decentralized Application can be generated on IOVO platform and each will be secure, reliable and transparent.
Every user will get two keys one public “as a user account” and second private key used for secure transactions.
In my opinion IOVO is going to be one of the most recognized database network in near future and it should be invested on by all from entire globe. So everyone must avail this opportunity and get token as soon as possible.
Below are the links to the IOVO platform:
Website: http://iovo.io/
Whitepaper: http://iovo.io/assets/whitepaper.pdf
Telegram: https://t.me/iovoledger
Facebook: https://www.facebook.com/iovoledger/
Twitter: https://twitter.com/iovoledger
Medium: https://medium.com/@iovoWebsite
ANN thread: https://bitcointalk.org/index.php?topic=4509519.0
P.S: I will be posting more interesting blogs on IOVO networks so stay tuned and wait for the next article.