Hi there my faithful readers, Its been a while again since my last post. I know you all miss a lot of latest news or new ICO which is trending nowadays. I like to start you're day with a good vibes one by sharing to you this new ICO Ive been encountered on the web. As you can see this one has not new in concept for me since there's a lot of projects that wants to disrupt the industry in this area. Its all about data security and potential to improve the current state of data acquisition in a reliable manner. But first let me make a detour of the importance of data in our lives. Before revealing what this project I've been wanting you to know!

DATA IMPORTANCE

In this modern era, data has been a great usage in everyday lives and also in business aspect. There is no doubt that data business has been a complicated and highly fragmented subject. In our lives we always collect and send data by any means of way such as sending pictures, videos, even saving a file report on a computer, and other stuff. I think, the world is overwhelmed by data running around our life. Now on business matter, it is vital for companies to collect data of every employees, to have a safe keeeping record. Also, we often collect data that can be well presented to acquire new customers and clients to preserve the quality of the services and products. By considering all these information we can tell that it is no doubt that the sphere of Big Data and business intelligence is the future. But due to lack of trust and transparency we have been prevented to easily transfer and made a significant advance on data providing. Well, that includes lack of marketplace of profitable data services. To fulfill and achieve all of these, we need an efficient data collecting platform that secures the marketplace for everyone.

Now incorporating a technology like blockchain can immensly solve this issues. That's right! Blockchain have it takes to assist this kind of business to fulfill a success market place for data. The blockchain technology is no doubt one of the solution to some of the major problems in the world right now including the data business. We know that Bitcoin was the first ever to make use of the blockchain technology. As entertsining as it seemed, the shortcomings and conflict of the technology has been brought up. The problem in the blockchain technology was its inability to scale efficiently and we can see it's effect now. Numerous crypto enthusiasts attempt to solve the scaling problem the blockchain is facing. Which give birth to tech like Directed Acyclic Graph(DAG).

WHAT ACTUALLY IS DAG TECHNOLOGY?

It's a new creation that will rival blockchain, It’s called the Tangle Network which served as a blockchain by doesnt have any block or chain in the process. Utilizing the core innovation of DAG which has an ability to conduct zero-fee transactions. How is this possible? The process include cutting out miners and its fee which the tangle network does by making validation of transactions part of the ledger. The blockless blockchain has been a great and innovative addition into cryptocurrency. With all the features of the blockchain and with better scalability, this tech can actually replace and moreover solve the transactions scalability problems.

The DAG network, I believe is one of greatest creation ever added into the crypto space however, it too comes with certain flaws. The technology is still on its early phase and hence cannot be said a perfect replacement for blockchain. An attack is still very possible on the network especially with such less number of users.

There are many projects in the market that are currently using this technology such as the first one IoTA, Nano(Formerly railblock), and many more. But the excitement you have on the first paragraph will now continue here. Why I explained the data importance as well as the DAG tech? Let's just say that this project I will discuss aiming to build their platform via DAG tech. Are you ready now to dive in for this? I'm sure you are vey eager to know now. Then lets not wait no more and talk about IOVO Project.

WHAT IS IOVO PLATFORM?

First I want you all to have a glimpse of what does this project all about by watching this short clip video as an introduction to their project.