IOVO: A Decentralized Data Sharing System

INTRODUCTION

The invention of blockchain technology has been the talk of the town as it brings a features that satisfy individuals unlike the conventional system (centralized system) that control the affairs of the whole system whereas only the top body enjoys and gain all. Data firm too encounter the challenges of centralized system. It is very clear that some top technology firms do capitalize on the power and top tools in their possession to controls individual personal data. Just like case of Facebook, the CEO and his team can sell your data you shared with them to another third-party that needs it without even consulting the right owners. Should we continue in this way? The answers is no. The centralized system looks like a cheated sphere that the CEO monetize our data without single compensation.

Blockchain technology came up with the decentralization feature to take power from the centred body to users. A platform called IOVO has capitalized on this opportunity to bring change to the mode of data distribution. In this article, am going to share us about what IOVO have in offering us.

WHAT IOVO IS ALL ABOUT?

IOVO is a platform that want to revolutionize the data ecosystem to a decentralized economy where users will be in charge and control of their personal data.

PROBLEMS IOVO AIMS TO SOLVE

Some top technology firms do make use of our data without consulting us; they even monetize our data, sold it to the third-party without compensating them. This means that the creators of those data gains nothing which ought not to be so. The worst part is that our data are sometimes misuse and abuse. We expect individual should be able to manage and control his data by themselves. This is exactly what make IOVO came up to do with mission to give users the autonomous over their data.

HERE IS THE REVOLUTION

IOVO is creating a new decentralized database ecosystem that will make individual users to manage, control amd monetize their data. IOVO is a data wallet, a secured and transparent data exchange platform. The term “IOVO” was initiated from Internet of Value Omniledger, a directed acyclic graph (DAG): a platform design for different applications.

FUNCTIONS OF IOVO

To collect data
To store data
To secure user data
To shared data with applications built upon the IOVO direct acyclic graph.

The advantages here is that no one could be able to use or access your data without your permission. So the platform is design in a such away that for anyone to access your data, he will have to pay some fees depending on the agreement. The IOVO project is giving people opportunity to monetize their data and make a good return.

IN CONCLUSION

IOVO is a blockchain based project, a decentralized database ecosystem which serves as data wallet. Users of IOVO platform will have the autonomy over their individual data and at the same time monetize their their data by earning from people that access or make use of their data.

IOVO TOKEN

The platform has initiated an utility token for the platform terned “IOVO token”. The token will be used to acquire all services of this platform and the token will be used to reward users of this platform.

TOKEN SALE DETAILS

Token Sticker: IOVO

Price: 1 IOVO = 0.12 USD

Targeted Hard Cap: 30 MILLION USD

Accepted Currencies: Bitcoin and Ethereum

The platform has make arrangement to burn the unsold token and use it for fund allocation.

FOR MORE INFORMATION ABOUT IOVO, KINDLY READ ANY OF THEIR OFFICIAL LINKS BELOW:

Website: http://iovo.io

Whitepaper: http://iovo.io/assets/whitepaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4509519.0

Telegram: https://t.me/iovoledger

Facebook: https://www.facebook.com/iovoledger