ABSTRACT

Data generation is a spontaneous activity that we cannot but carry out as humans each and every day of our life. Even though some humans are negligence of this fact but it is so disheartening that even individuals that are been conscious of this fact gets robbed of the enormous amount of data that is being generated by them, hence makes them lose their human value.

Be that as it may, most businesses, companies and organizations globally are seen to be dependent on centralized platforms for the storage of their several forms of data. This data ranges from their employee records to transaction records. All these information being stored on a centralized network gives room for time to time surveillance of businesses by the centralized body or the government which in turns makes the business vulnerable to all sorts of misfortunes. This has been the major problem why most businesses ail recently as they no longer have control over their own data. Even businesses that tend to be successful under this condition have their business being extorted through unbelievably high taxes without any development of the businesses by the income generated from these taxes by the government.

You can imagine how empty you’ll feel if you’re being rip off your valuable data without being given access to any of it, then you’re just as good as a Dead living. On this premise, you’ll agree with me that data is life.
People are getting tired of centralization, even businesses too. We all want to gain freedom from having all our entire life being controlled by a central body. How then do we make this a reality?
This is a problem that the blockchain technological revolution has come to solve for us all. A very distinctive feature of this technology is the decentralization property it possesses which makes it very reliable and efficient. This technology as we all know have started getting considerable level of adoption by some firms globally with very high chances of complete global adoption.

On this note, I will like to introduce you all to a platform that has come to offer a lasting solution to the problem of loss of data ownership by individuals and organizations.

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INTERNET OF VALUE OMNILEDGER (IOVO)

Internet of Value OmniLedger is a global pen network database that can be used for all types of quantitative value asset in terms of information storage and exchange. With the feature of data management, score ledger and acyclic graph, then this technology can be referred to as the next blockchain generation and it is mainly developed to help in the regaining of data by ownership by organizations and individuals.

This technology allows for the building of decentralized applications on it which can be used for data scoring and calculations in finance, credit, and insurance fields. These dApps are also useful for non-monetary payments and also allows the developer to create a new scoring which can also be accessed by other developers for the purpose of business however; the access of this new scoring by other developers will be decided mainly by the original developer. With this, the original developer can provide the conditions he/she wants other developers to meet before gaining access to integrate it into other dApps.

Data can now be stored safely, encrypted and distributed and allows corporate companies and individuals to be in full control of their data and decide the amount of these data they are willing to release and also sate the conditions they want before others can have the access to these data in their wallet.

This technology works by collecting, storing and securing user’s data to IOVO DAG based applications and un-availability of these data to be accessed by others except through the permission of the original data owner and can also be monetized by these owner by sharing with others.

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The process of monetization of these data occurs by agreement of a particular amount between data owner and buyer, which after being paid by buyers, can easily access this data and also, the extent of access of the data by others is determined by the data owner.

EXAMPLES OF IOVO BASED APPLICATIONS

Insurance scoring system
Banking and finance scoring
HR: Professional and cooperation data and rating and
Food quantity and distribution scoring.
News dApp: Dropp
Knowledge exchange scoring
Online Influence based dynamic pricing

IOVO wallet is the gateway for users to access IOVO network and it allows access to performing transaction via IOVO coins, data sharing, receiving of messages and aggregation of data that can be stored by many applications on the blockchain of IOVO. Users can also manage several addresses in their IOVO wallet which are being generated through a master key and its allows complete control of users data and also transfer of these data to other devices.

What are The Unique Features of this Technology?

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
Replacement of proof of work by proof of stakes
Splitting of data into several blockchains through IOVO multi-blockchain DAG structure which reduces amount of data to be stored locally
Verifications of transactions by validators

IOVO technology is here give its users the full control of their data. The following highlighted are the most beneficiaries of these awesome technological advancement;

Companies and data analyst who will have big data access to complete network, maintenance of full anonymity, carrying out of data research and analysis and getting secured data storage with history that is un-modifiable with direct contact with the surveyed users
Individual users that has the complete and total control of digital value and privacy which can be stored safely and can also be monetized by sharing to large organizations and at the same time maintaining anonymity completely
Application and dApp gets advantage of full data security by IOVO which they can also monetize and also get more users.

IOVO TOKEN AND ICO INFORMATION

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

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

Project Roadmap

CONCLUSION

IOVO with its clear vision and objectives have proved beyond every reasonable doubt that it’s the next generation of blockchain. Also with the dedicated nature and experience of the team, IOVO is sure here to bring back full data control to all individual with several other embedded features.

To get in contact with the team or get more insights, please check the links below;

My Bitcointalk username: dvmmayowa
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2505500
Eth address: 0xD28CeC4C91533fc8E70DEbf9Cfa1Ff2b6822D9Fa

My Review of IOVO Project: Bringing Full Data Ownership, Control and Tokenization With Full Decentralization Feature to Everyone