Good day, Cryptoworld
Today I want to tell you about perhaps the most large-scale database built on blockchain technology. IOVO database
Why is it necessary?
The motto of IOVO is "personal data is freedom". In our time, this is true. Each of us constantly generates any information that, in its essence, is no longer confidential and does not belong only to one Creator. What only is the personalization of advertising through the collection of your personal data, which is carried out without your consent. At the moment, we have a huge amount of data, the amount of which is even difficult to imagine, but all this information belongs to someone and can be used, analyzed and make a profit to its creators. In particular, such giants as Google, Facebook sell information about their users to private companies for a better understanding of the client. It is natural that this makes a lot of money, which eliminated the creators of this information, which is often personal.
To solve the problem of the lack of a sufficiently reliable repository of information, with the possibility of its analysis and sale, the IOVO platform took over.
How it works?
At its core, IOVO is a huge database of encrypted data. The system is built on the principle of DAG (directed acyclic graph) which provides for the creation of a "tree of blocks". This is a system that some researchers predict will replace the Blockchain. This system is based cryptocurrencies such as Jot and Byteball.
Prospects IOVO platform is enormous. With proper development, the platform can become the largest storage network in the world. At the same time providing complete data security, protection from hacking and the ability to earn. (but more on that later)
Just the system itself, as planned, will be the basis for a large number of dApps. (decentralized commercial and non-commercial social applications). How can this happen if the platform completely protects the user's data and does not allow anyone to use it without the consent of the data owner directly?
Each time personal information is required by an application, it will ask the user to send personal data, and if the user agrees, it will pay for the information provided. This will not only protect the data from illegal commercial use, but also monetize personal and author information. And in today's financial crisis, any opportunity to increase your capital is welcome.
In this diagram, you can see which data will be compatible with the system.
From this scheme it is clear that the spread of types of information is very large, which indicates the huge scalability of the network. After all, to become the largest and most secure data storage, you need more scalability of the system.
Any actions within the system, including data transfer, data payment will be carried out using smart contracts, which also ensure the security of the system and its smooth operation.
Road map
Token distribution
Team
All information about the project team, as well as other features you can see
Project site
Or in this thread
You can also watch a video about the IOVO platform
ICO details
• Token name: IOVO
• Token Supply: 100,000,000
• Token price: $ 0.12
• Hardcap: 30,000,000
• Token: ERC-20
Official resources of the project IAM
WEBSITE: http://iovo.io
TELEGRAM: https://t.me/iovoledger
WHITEPAPER: http://iovo.io/assets/whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5057281
ANN THREAD: https://bitcointalk.org/index.php?topic=4509519.0
FACEBOOK: https://www.facebook.com/iovoledger
TWITTER: https://twitter.com/iovoledger
REDDIT: https://www.reddit.com/r/iovo
MEDIUM: https://medium.com/@iovo
GITHUB: https://github.com/iovoledger
MY BITCOINTALK USERNAME: AleksandrVP
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1736038
MY ETH ADDRESS: 0xf332EfC442102443E3Fbff2B82297DC5fd2E509E
UNIQUENESS 100: https://text.ru/antiplagiat/5c290a0f6bbc4
IOVO is an interesting project, it is beneficial for both users and application creators and companies.
It can be seen immediately successful team and company.
Great project!
IOVO my love really
Congratulations @daniyal97!
Your post was mentioned in the Steem Hit Parade for newcomers in the following category:
I also upvoted your post to increase its reward
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As always a great review, i liked the project.