ARCS
About AIre
AIre is an ecosystem centered around data banks and their users.It provides functionality
for data banks so that they can operate effectively and transact with businesses and
individuals.This section outlines AIre, its functionality, and its business model.
It also includes a description of measures to prevent data tampering through using blockchain technology and interconnected data bank hubs.
Overview
AIre provides functionality for management and storage of various data structures in “data banks”, which are essentially a business to monetize data. Network participants can access and build on AIre via custom-built applications or directly through proprietary APIs. This provides a flexible framework which makes it easy for companies to build their business scenarios and applications with powerful insights from data analytics.
ARCS Vision
This Enables Businesses To Buy And Sell Data While Being Compliant With Personal Data Regulations, Ultimately Improving Their Data Analytics Capabilities And Deriving Meaningful Insights. Individuals Who Provide Information To Data Banks Will Be Protected By A High Level Of Privacy And Receive Rewards Based On Inputting Data And It Being Used.
Buying And Selling Data Is Increasingly Becoming A Major Part Of Our Lives, Aire’ S Proposed Ecosystem Will Make Buying And Selling Data An Integrated Part Of Our Lives Whilst Ensuring Privacy And Fair Distribution Of Data Trade.
Challenges With Personal Data
In Recent Years, Personal Data Become Increasingly Fragmented Across Different Services And Often Rests In Databases Without Proper User Consent. This Leaves Users Without Proper Control Of Their Data And, To Some Extent, Their Identity. The European General Data Protection Regulation (GDPR) Was Brought Into EU Law To Address This Problem. However, Corporations Still Accumulate Large Volumes Of Personal Data For Analytics And Monetization.
Data Is Often Described As “The New Oil” And Users Are Fast Becoming Aware Of The Value It Holds. This Has Given Rise To Several Data Banking Businesses Who Strive To Buy Data And Sell For Profit, Nonetheless Always With The Interests Of Large Corporations In Mind. AIre Is Built With Mechanisms To Give A Fairer Distribution Of Profits Made From Personal Data By Giving Users Self-Sovereign Identities.
ARCS Solution
ARCS Solves The Problem Of Inefficient Data Use. Currently, Each Company Only Stores And Uses A Portion Of The Information Its Users Leave Online. Therefore, A Complete And Accurate Profile Of Users Cannot Be Collected. Users Generally Have Negative Feedback On The Current Use Of Their Data Because The Information And/Or Recommendations They Receive As A Result Of It Being Used Are Often Inaccurate.
To Solve These Issues, AIre Enables Unified Management Of User Data Which Allows For Data To Be Used With Consent And Data Rights Protected. We Believe That This Mechanism Can Provide A Wide Range Of Application Services For Users. We Refer To The Interface Which Can Offer These Services As A “Next-Generation Bank”. Next Generation Bank Is A Comprehensive Digital Wallet Necessary For The Coming Era Of Digital Transformation.
A Single Service Provider Will Not Provide All Services And Each Service Provider Will Provide Their Service As Part Of A Next-Generation Bank Using A Single Token. The Next-Generation Bank Is A Digital Wallet Which Handles These Services. AIre Tokenizes Valuables As Security Tokens Through Data Bank, Such As Stocks, Real Estate, Art, Etc., Makes Payments/Transfers Using Cryptocurrencies. Further Details Are Described In “Future Development” Section.
ARCS Utilizes This Data To Create New Evaluation Standards. In Addition To Ensuring Compatibility With Other Participant Companies On The AIre Platform, AIre Will Take The Initiative In Handling New Technologies And Concepts Regarding User Data Management To Become A True “User Sovereign” Platform.
Market Size
ARCS Targets Wide Variety Of Markets, The Two Main Markets Are: The Information Industry Market, AIre’s Information Banking Initiative Will Target This Market; And The Financial Refugee Market, As Described In The “Future Development” Section. To Give An Example, A Decentralized Digital Identity (DID) Infrastructure Can Be Developed By Utilizing Data Stored In An Information Bank. As A Result, It Is Possible To Target Unbanked People Who Do Not Have Access To Financial Markets Since They Do Not Currently Have A Digital Identity.
TEAM
Masashi Mizukura
Kunihiro Katsuragi
Hiroshi Mizukura
Yoshikazu Abe
Ryohei Osaka
Yoshinobu Shijo
INFORMATION
AUTHOR
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