BRIEF INTRODUCTION

Since the invention of the blockchain technology, several global industry has recorded a high rate of its adoption, as a result of this, more projects are being built on the technology with the aim of solving more global problems. This points to no other fact than that the blockchain technology is in no doubt the next revolution in technology.

That be said, everyone is aware of the internet and its problem solving capacities in this vast technological age most especially the feature of information exchange which majority of individuals makes use of globally on daily basis, this in no doubt is responsible for massive growth being experienced in the global economy.

However, Centralization of global businesses has been the cause of major legal challenges with single point of failure as a result of the storage of these businesses employee, customers, and partners information on centralized networks with their bank accounts also being monitored constantly by the government which in turns makes businesses vulnerable. Even businesses that are successful always have their businesses being overwhelmed with higher tax payments which are as a result of constant surveillance of the business by government authorities without any useful usage of these funds for further development of these businesses.

Not only businesses and organization are experiencing centralization and loss of their personal data, even most individuals no longer own their own data and loss of these data can also be likened to loss of life simply because the ownership of these data is the cornerstone of freedom.

Be that as it may, Blockchain technology with its decentralization feature has given room for improvement in transparency of activities of several organizations as opposed what’s being practised in centralized organizations which gives room for several manipulations and fraud.

Predictions have also been made by experts that by the year 2025, almost 70% of future and current global markets will adopt the use of blockchain and DAG (directed acyclic graph) technology.

INTRODUCING INTERNET OF VALUE OMNILEDGER (IOVO)

Internet of Value OmniLedger is a very unique global pen network database which can be used to store and exchange information on any type of quantitative value asset. This technology is mainly developed towards the regaining of data ownership by individuals and organizations.

I would refer to this technology as the next blockchain generation because of its directed acyclic graph, and its ability to manage data and score ledger.

Decentralized applications can be built on this network of IOVO DAG and can be used for scoring data and calculating data in fields like credit, finance, insurance and also for non-monetary payments and it gives the opportunity for all dApps developer to create a new scoring in concordance with the dApp which the new-scoring access will be decided by its developer as it will be used by other developers for the purpose of businesses. Any developer that wants its dApp new-scoring access to be available for integration other dApps being developed by other developer can therefore set his/her own rule or conditions before providing the access.

With this awesome technology being introduced by IOVO, its users and companies can safely own their own data and make decisions on whichever of these data they want to release and the conditions to be met before giving access to these data in their personal data wallet. This technology makes all data stored secured, encrypted, democratic, distributed and above all human-centric.

HOW DOES THIS TECHNOLOGY WORKS?

This technology works by collecting, storing and securing of its users data with applications that are built on IOVO DAG which cannot be accessed by other users without the prior consent of the original data owner.
These data can be monetized at will by the original owner by sharing the data with other users. This shall be done by receiving an agreed fee when the data is accessed by others. Despite sharing these data, the data will be in complete control by the original owner and he/she can determine the extent of access to this data by other users.

WHO ARE THE BENEFICIARIES OF THIS EXCELENT TECHNOLOGICAL ADVANCEMENT?

• Individual users who have the complete and total control of their digital value and privacy which is stored securely and can also monetize their data by sharing to large organizations and at the same time maintain complete anonymity.
• dAPP and Application owners gets full data security by IOVO and can also monetize these data and acquire more users.
• Companies and data analysts will also benefit from this technology by having big data access to complete network, maintaining full anonymity, carrying out data research and analysis, having secured data storage with unmodifiable history and having direct contact with surveyed users.
  As we all are aware that existing cryptocurrencies are being faced with challenges such as lack of strong motivation for transaction broadcast, lack of computing power for smart contracts, vulnerability of 51% computing power attack, minimal data storage and Risk of potential attacks. IOVO will get rid of these lingering issues through the below highlighted features:
• Replacement of proof of work by proof of stakes
• Verifications of transactions by validators
• Splitting of data into several blockchains through IOVO multi-blockchain DAG structure which reduces amount of data to be stored locally
• Use of well studied blockchain technology with guaranteed security and stability of the network by validators by verification of transactions via proof of stake based mechanism.

The development of IOVO shall initially start with information gathering and creation of valuable ratings. Each time transactions are being approved by users, they stand the chance of mining a coin in which the expected gain is directly proportional to the combined value of users. Thee value of users would initially be equivalent to user’s stake and later on shall evolve into their value score which in turns encourages users to increase their ratings.

Highlighted below are the examples of IOVO based applications;

• Online Influence based dynamic pricing
• Insurance scoring system
• Banking and finance scoring
• News dApp: Dropp
• Knowledge exchange scoring
• HR: Professional and cooperation data and rating and
• Food quantity and distribution scoring.
  All the above listed market making opportunities shall be facilitated by IOVO DAG technology.

THE IOVO WALLET

This shall serve as the gateway of users to IOVO network and shall provide access to data sgaring, performing transactions through IOVO coins, receiving messages and aggregation of data which has been stored by several applications in IOVO blockchain.
In IOVO wallet, users can manage multiple addresses which are generated via a single master key and give complete control of data to users and ability of data transfer to another device via the master key.

TOKEN AND ICO DETAILS

• Token Symbol: IOVO
• Network Type: ETH blockchain
• Total Supply: 1,000,000,000 IOVO

TOKEN DISTRIBUTION

• Smart drop: 20%
• Locked: 10%
• Private sale: 30%
• Team & Advisory: 30%
• Public Sale: 10%
• Reserve: 10%

FUND DISTRIBUTION

• Development: 50%
• Marketing: 15%
• IOVO Foundation: 5%
• Business Development: 10%
• Legal: 5%
• Team: 10%
• Administrative: 5%

ROADMAP

TEAM

Conclusively, we all know that there’s urgent need for a cumulative universal database which will offer simplicity to its users and at the same time provide a platform for excellent data protection and monetization to analysts and organizations, this and many more other feature shall be provided by IOVO technology thereby making it the next blockchain generation.

For more enquiries about this platform, kindly check the links below;

Website
Whitepaper
Telegram
Facebook
Twitter
Medium
Github
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