IOVO –THE DATA MONETIZATION PLATFORM

In our modern digital world, both the internet and blockchain is growing at a rapid pace, the exponential rate at which internet technology is changing, upgrading and developing is massive and the blockchain framework is encountering a rapid accreditation. At any given moment we generate an enormous amount of data either knowingly or unknowingly which may be stored, or even shared without our knowledge. Most of us are not aware of the fact that our personal data is being gathered and monetized by large internet platforms, and losing ownership of one’s personal data is tantamount to losing ownership over one’s life. Personal data ownership is therefore a cornerstone of a contemporary definition of freedom. The type of data generated by the platforms are classified and grouped which when sold generate money for them and yet they still charge us for every moment we spent on the platform.
IOVO is a decentralized platform which aims to give full access and control of data ownership and its monetization to the real people generating the data. IOVO aims to promote and enhance human life and value through the use of blockchain and internet technology on its data platform. it is thus designed to democratize valuable data ownership, storage and monetization in order to protect human capital asset-value in the light of ongoing automation of labor and service processes.
IOVO provides the infrastructure to create a new data economy, one which allow users to monetize their data and access benefits that were previously only available to the owners of platforms and applications.
Iovo also seeks to change the data analogous paradigm to digital, so as to ensure that data generation will no longer exploited by large corporations. The decentralization that is enabled by Blockchain delimits the middlemen and directly connects users to data acquirers. The blockchain and smart contracts technologies would provide full transparency on how data is collected, verified, updated and guarantees the reward for the collectors and data owners.
REASONS WHY IOVO MISSION WILL WORK PERFECTLY

1. Multi-blockchain DAG —IOVO harnesses the potential of blockchain technology while maintaining scalability and performance.
2. Lattice-based encryption —post-quantum encryption algorithms based on learning with errors (LWE) keeps users’ data secure even in the presence of a quantum computer
3. Public-key cryptography —IOVO uses asymmetric cryptography to handle users’ addresses. This makes all their data secure while preserving ease and transparency of usage.
4. Proof of value —IOVO extends the well-tested proof-of-stake algorithm to make use of a user’s value instead of their stake.
   REASONS BEHIND LAUNCH OF IOVO PLATFORM AND PROBLEMS IT WILL SOLVE
   IOVO is conceived and designed to secure complete control over all users’ data and how it is shared, who gets access, and what they want to be paid for it is decided by the user.
   Every problem will always have a solution in any ecosystem, since generating a quality data becomes a difficult issue and attracts a serious setback in today's ecosystem, Dataeum has come to put a better shape and difference by creating an ultra-scalable and highly reliable platform by using DAG, dAPPS and smart contracts being unique and innovative solution to collecting and securing a 100% of the world's physical data. Iovo will be the energy-drive and the first ever decentralized and collaborative network for data generation.
   Users own all their personal data and any further data derived from it, IOVO satisfies the following particular needs of different participating parties
   Benefits of iovo to users
5. Data ownership and monetization
6. Data security and transparency
7. Data wallet and access to IOVO network
8. Anonymity

Benefits of IOVO to dApp and application owners

1. Unmodifiable history
2. Acquisition of more users
3. Access to a comprehensive global database via data wallet
4. Data security and privacy
5. Monetization of owned data

Benefits of IOVO for companies and data analysts

1. Secure data storage and unmodifiable history
2. Big data access to complete network
3. Direct contact with surveyed users
4. Full anonymity
5. Data research and analysis
   HOW IOVO AND DAPPS WORK TOGETHER
   IOVO is a peer-to-peer network —users can join it at any time and start making transactions. Every user connected to the network acts as a transmitter of transactions —they broadcast incoming transactions to other nodes in the network. This enables every transaction to reach validators in a fraction of a second. Validators in turn are responsible for verifying the transactions —they check every transaction for correctness and run their smart contract code (if present). Validators are incentivized to participate in this verification process by the network rewards, which are distributed according to IOVO’s proof-of value (PoV) consensus algorithm, an extension of proof of stake (PoS). all users can develop and implement decentralized apps dApp

THE IOVO WALLET
The IOVO wallet is users’ gateway to the IOVO network. The main goal of the IOVO wallet is to provide access to basic functionalities such as sharing data, receiving messages, performing transactions using IOVO coins, and aggregating all the user data that has been stored by various applications in the IOVO blockchain. The IOVO wallet allows a user to manage multiple addresses that are generated from a single master key. This gives each user full control over their data, including the ability to easily transfer data to another device simply by knowing the master key. Users can create a new address for each dApp on the IOVO network or a single address can be shared between many applications, allowing users to change privacy preferences for a specific dApp at any time. The IOVO wallet will aggregate data from every address linked to the master key.

FOR MORE INFORMATION
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Author: ADEWUYI BLESSING ELIJAH
Author bitcointalk username: ABE crypto
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Author ETH address: 0xc3E16FB5f05222986210Dd35d8bC0d2e00313B42