IOVO: AN INNOVATIVE GLOBAL DATABASE PLATFORM WHERE USERS CAN STORE ...

Since the introduction of Blockchain technology, a lot of sectors in the global economy have been integrated into it to leverage on the unique features of the blockchain which include transparency, effectiveness efficiency, trust and decentralization. No wonder IOVO has also thought it wise to make use of this disruptive technology in designing a global data base where important information can be stored and accessed without stress. The acronym IOVO simple stands for internet of value Omniledger.

WHAT IS IOVO ABOUT?

Over the years proper and accurate information management has been a difficult task globally, and even when some online Database was introduced, there were still a lot of challenges in effective assessment of such information as and when needed.
This is the reason the IOVO Team of seasoned professionals have put their experiences together and designed IOVO as a direct acyclic graph (DAG) and a next generation blockchain which will enable effective and efficient storage and exchange of information.
IOVO is aimed at creating a global decentralized ledger of all values where there will be data scoring and the scoring rates will be published for institutions, individuals as well as organizations. The rating scores will be made in such a way that only the score entity can assess it; this makes IOVO to be presented as a Zero – knowledge proof platform.

THE EXISTING PROBLEMS WHICH IOVO IS DESIGNED TO SOLVE

It’s no doubt that irrespective of the adoption and usage of the existing blockchains like Ethereum , Bitcoin and others, there are still challenges facing these blockchains which IOVO has been designed to solve. They include:
i. lack of scalability
ii. Low performance
iii. Non flexibility
iv. The use of single transaction DAG that is not reliable and not trusted.
With all these problems and more, IOVO has carried out a research and decides to design IOVO using a multi blockchain DAG that is trusted, efficient and highly scalable
THE UNIQUENESS OF IOVO
It will interest you to know that the use of IOVO gives rise to a large increase in analytical capabilities; this is because with IOVO network, different case analysis can be carried out on a multilevel basis using one network database search. With IOVO, it becomes possible to qualitatively conclude and analysis and gather as well as store accurate information which was either too difficult or not possible before now.

THE FUNCTIONALITY OF IOVO

IOVO is uniquely designed in such a way that its DAG serves as a base layer and offers an infrastructure for dApps which has to do with value and scoring the use of information in some areas example insurance, credit finance non monetary payment and others. With the flexible nature of IOVO dApp, other Application developer will be able to create a new scoring which will go along with their Application. they can as well use already existing scorings , with that, the Application developer will be the one to decide the user data that will be used for their business purpose and as such he will define the appropriate rules for assessing Data. This therefore implies that the way IOVO functions will be determined by application developers rather than IOVO developers.

THE IOVO TOKEN
IOVO Team has created IOVO as a utility token which will serve as the main driver of the ecosystem. One of the major uses of the IOVO token will be for payment to assess information on the platform.
THE IOVO WALLET
IOVO Team has designed a user friendly application wallet which will link IOVO platform users with the IOVO network.

The wallet will be used to store IOVO tokens
-IOVO wallet will allow all users access to data which is shared in the dApp.

ROADD MAP

CONCLUSION
I will like to say here that the idea behind IOVO creation is an innovative idea that is meant to transform Data industries, the blockchain and the cyrptoworld world as a whole. The next generation multi -blockchain and scalable DAG will enhance performance of IOVO in data scoring and management globally. Be a part of this community, join the ongoing token sales and obtain some bonuses. Remember, the earlier the better.
Since this article cannot capture all the unique features of this project, I will advise readers to also read the self explanatory whitepaper and well designed IOVO website for comprehensive information on how to be a part of this innovative project.

THE TEAM