Personal data is freedom. It is being appropriated and used against people's interest.
The Internet of Value Omniledger is next generation Blockchain (DAG) decentralised database ecosystem. It is dedicated to giving data ownership and power over it's monetisation to those, whose lives generate it - the people.
IOVO will become a universal, secure and transparent data ownership and exchange system. It's mission is to sustain individual human value (capital of assets) and make it fully operational.
Human data is human value. It is the record of our lives. Our every move, every word - written or said - generates data. Everything we generate, transfer and share, is our life trace and an important part of our freedom.
We have no ownership and no control over our data. It is taken away from us the moment it is created - stored, controlled and managed by someone else.
IOVO is here to secure and give back the personal ownership and control over one's data, as well as the freedom to monetise it. Because data ownership is XXI century freedom.
As an integrated part of the overall system, IOVO Analytic is an overlay application for searching data and insights within the IOVO network database system. All searches and queries are limited to users' consent and conducted in a fully way. The app enables fast and easy communication with the IOVO network in an easily accessible form of a user-friendly modern interface. It allows collecting interesting data needed in multi-level or simple data analysis. It manages data and simultaneously charges for searching the network allowing users to easily monetise the data collected about them. It provides access to all the possibilities of the IOVO network in one application in a clear and easy to use panel. The IOVO Analytic app is dedicated to companies and researches, facilitating access to data collected by a very wide range of applications.
IOVO Analytics basic features are:
The application can be extended by advanced users with additional functions because it has an open code. This very basic IOVO network tool has possibly an unlimited research and inference potential.
IOVO as the largest network of data from a range of fields
In addition to providing data protection, the IOVO network functions as a database, collecting data from all applications that are built or based upon it. Due to the variety of applications and their fast pace of growth in time, the IOVO network has the potential to become the largest database from various fields available in one place via the IOVO network. The diversity of data stored within the system generates great public and commercial research potential. Up until now, it has only been separate databases have been used to carry out analyses with the possibility of comparing them to each other. However, obtaining access to various databases and analysis entailed a significant amount of time and expense.
The IOVO network bring the possibility of carrying out different case analyses on a multi-level basis within a single network/database search. It means a huge increase in analytical capabilities and the quality of conclusions drawn, which in traditional database approaches had no chance to exist - traditional methods limited access to certain databases, increasing the cost and time. The IOVO network provides the chance to change the approach to database analysis to methods that were not possible or too difficult to conduct within traditional frameworks.
For example, let’s take a study related to the influence of various factors on the development of diseases, which takes into account factors not yet analysed, e.g. social, personality, etc. The data connection potential is substantial given the easy access to data and costs. Of course, we can’t overlook the importance of data protection. The analyses on the IOVO network use data with both user consent and an intrinsic mechanism that allows users to benefit from their data use in accordance with the idea of IOVO.
Token allocation structure
The 1.000.000.000 IOVO tokens will be allocated in accordance with the following structure:
Funds allocation structure
The collected funds will be allocated in accordance with the following structure:
Ms. Kaiser is a leader in development and promotion of cutting edge technology, having spent her career supporting companies, governments, and international organisations in adoption and integration.
Ms Kaiser is a Co-Founder of the Digital Asset Trade Association (DATA) where she contributes substantively to the lobbying of government agencies and legislators to pass blockchain-positive legislation. She is also a Co-Founder of Bueno Capital where she leads on driving design and growth of new blockchain projects.
Founder of IOCT(the Internet of Crypto Token) Executive Chairman of BFI (Blockchain Fintech Global Research Institute)
Mr. Gao’s past working experiences include Development Research Center of the State Council, Southwest Securities, Bohai Securities, CITIC Trust, etc., with over 13 years of working experience in the financial industry. He currently manages a PE fund of 1.1 billion RMB, and invests mainly in Technology, Media, and Cultural and Creativity industries.
Dan Jeffries is an author, futurist and thinker. Before that he spent two decades as an IT consultant, setting up a broad range of tech from Linux, to virtualization and containers.
He wrote his first story about Bitcoin in 2014 for Bitcoin Magazine when a young writer named Vitalik Buterin was talking about a little idea he had called Ethereum on the writer's Skype channel. In 2017, he launched DecStack, a virtual co-work community for decentralized app projects, which now boasts more than 4800 members from dozens of major crypto projects.
Nicolette is known as Crypto Barbie in the blockchain space. Kahen grew up in Beverly Hills, California to entrepreneurial parents and is the middle child to two siblings. She is of Persian descent. Nicolette studied fashion and business in college, and after realizing fashion was not what she thought, made her way to the startup scene in Silicon Beach. Nicolette's focus was helping entrepreneurs, developers and startups reach their full potential. She later Sensory Code, a company that provides a bridge between art and real estate.
With an early interest in blockchain and crypto currency, over the last few years Krzysztof Gagacki has established himself as a significant figure in the crypto space. As an early investor in some of the leading projects in blockchain technology and backing the first decentralised ethereum based lottery, Krzysztof has played an active role in both investing, advising, and creating innovative and disruptive blockchain-based companies. As co-founder of Chain Capital, the key organiser of Poland’s largest crypto conference Connect Warsaw, and co-founder of the exclusive Crypto Sanctum roundtable, he is a regular on the keynote circuit. Serial founder, investor, advisor and mentor who is currently working on the latest blockchain developments within DAG related to the upcoming launch of the highly-anticipated IOVO project.
Head of investments
Joshua Hong immediately became a global pioneer in the game space and led the creation of the Massive Multi- Player game tidal wave. He also pioneered the “Freemium” monetization technique that dominates many game markets today. After several successful exits, Josh took a year off to immerse himself in full time silent meditation in a remote mountain monastery in Korea. He returned passionate, recharged, and more highly evolved. In 2014, he decided, with Ed and Pat, to found Exponential Partners. Josh has lived all sides of the entrepreneurial game, and is deeply passionate about creating a venture investing firm that is focused on entrepreneurs, while making tons of money for investors. Josh has a degree in Engineering from Purdue University, and an MBA from the University Of Chicago Booth School Of Business.
Head of community
Head of communications
Head of cryptography
Head of mobile
Our first product is an app and an online marketplace called influnomy.
It allows users to discount their payments by posting the social media content desired by a place/product/brand, etc (special dashboard for influencer marketing automation). On the consumer side all happens seamlessly, as the information about monitored fact of promotion goes through the database and is transferred to the payment terminal (being applied right away).
The discounts can stay unused and can be traded on the blockchain market we designed and programmed. Other non-monetary assets (e.g. knowledge) will also be tradable in this marketplace.
Break the rules of comunication in social media and look differently at sharing information. Become a journalist of places and create their context. Inspire others to go out and relate events, where something happens. Get inspired and discover stories of others. Dropp is a different approach to communication - it allows you to transmit content connected to a specific point on map. Dropp is a community of places. Thanks to you, the particular space becomes a set of interesting information, your experiences and emotions, which you are sharing with other users. You are in the middle of important events, by accident you find yourself in an unknown or forgotten place or once again you are visitting the same place - no matter, where are you now, your Dropps are encouraging others to find out for themselves, what is going on in a specific place.
How does DROPP work
Dropp allows you to share text relations, video, photos and put them in a specific place on map. Relation becomes visible for other users in space marks form, which encourage others to discover those places. Dropp is also a society building tool - it allows you to recognise and create history of specific places and also build friendships with other users.
The dapp’s purpose is to link up roommates sharing a flat or an entire home. It is meant to manage the leasing terms, as well as serve as a small-scale social network. People looking to share a home are brought together through their common preferences. These preferences refer both to the home and the desired traits in potential roommates. The app also allows for internal messaging through direct messages or group chats. Leasing offers from external users who have a property or space to lease are posted on the site. The app makes it possible to create whole groups interested in leasing property in a specific location. Tokens are used when placing a notice for an available property. It’s also possible to use tokens to settle bill payments among roommates. The users’ personal data and that of the properties are protected by the IOVO network.
An innovative banking system based on blockchain technology, which assists users in managing their finances, both in terms of spending and investments. Scorings based on the IOVO network prompt leads for users for where they can take advantage of a particular service, such as purchasing a home or leasing a car. Scoring is based on AI computation of data taken from the IOVO network and external networks. The IOVO network also protects the assets and data of users in the system. Transactions are carried out using tokens.
What is iovo?
IOVO (Internet Of Value OmniLedger) is a global open network-database for the storage and exchange of information based on all possible types of quantitative value assets. IOVO is a DAG (directed acyclic graph) which represents the next generation of blockchain, and serves as a data management and scoring ledger. It does this by creating a universal global decentralised ledger of all values, which then publishes scoring rates on both individuals and institutional entities across a range of sectors. Rating scores within IOVO are solely accessible to the scored entity itself, and are revealed upon request only as answers to particular questions. In this way IOVO is acting as a zero-knowledge proof platform.
WHAT IS DATA OWNERSHIP?
IOVO is based on the idea that in every moment of our lives we generate an enormous amount of data and that the ownership of those quantitative values is a crucial element of our future freedom. This valuable data (that we generate, store, transfer and share) represents our human value. When we are denied access to the ownership of this data we are robbed of its intrinsic value, and therefore our freedom to decide upon its usage. This limits our operational human capital and possibilities to monetise our human value by different forms of exchange. IOVO is focused on returning the ownership of that value back to the individual and stores it in a safe and secure way. It democratises the monetisation of data – expressed as an electronic identity for all participating parties.
HOW WILL IOVO WORK?
As a base layer, the IOVO DAG works as an infrastructure for all upcoming dApps (decentralised applications) focusing on value and scoring data usage relating to such areas as finance, credit, insurance and non-monetary payments. IOVO is designed to be a basis for building decentralized apps on top of it. As a result, most of the users will not directly use the low-level functionality of IOVO. Instead, they will use user-friendly apps created by other network users. Every app developer can create a new scoring along with the app or use one or more of the existing scorings. Hence, the author of the app decides, which user data will be used for a particular business purpose and defines the rules for the data access. Therefore, the actual functionality of IOVO will be driven by the app developers, not by the creators of IOVO.
WHAT IS THE ECONOMY OF DATA ON THE IOVO DAG?
IOVO allows users and companies to own their own individual data and decide what is revealed and on what terms via their personal data wallet. Being the first truly transparent, universal, personal and institutional decentralised dataspace, IOVO serves as a global ledger capable of securing every type of knowledge-based piece of value relating to both individuals and entities. It stores and supplies all possible values and scoring features (protocols) for different market and social applications. It is encrypted, secure, distributed, democratic and above all human-centric. That said, IOVO has the capability to reach a broader scope than just the storage and authentication of individual value. It is a database-network serving as a base layer for future decentralised value market makers.
HOW IOVO USES ZERO-KNOWLEDGE PROOFS?
Zero-knowledge proof is a protocol to provide a response for a request together with a proof of correctness of this response without leaking any additional information. We use zero-knowledge proofs in our "requesting a score" mechanism - the score is revealed to the requester together with the proof of its correctness and no other user's data is leaked in that process.
WHAT ARE dAPPS (DECENTRALISED APPLICATIONS)?
DApps are decentralised applications built on top of IOVO. All the data and tokens sent between dApp users use IOVO network for communication and all application data is stored using IOVO scoring mechanism. Each dApp can introduce a new scoring or use one (or several) of existing scorings for its needs.
WHAT dAPPS CAN/WILL BE BUILT ON IOVO?
Every peer-to-peer application can be built on top IOVO which makes it fully decentralised and secure.
WHAT IS A MANIFEST?
Manifest is a special document published together with creating a new scoring. It describes all the rules about the scoring, i.e., how a particular scoring data can be accessed, and how money flows using dedicated tokens. It also establishes all the fees connected with the scoring.
HOW TO INTEGRATE EXISTING APPLICATIONS?
IOVO team will provide frameworks for all major mobile and web technologies. This frameworks allow applications to connect and interact with IOVO blockchain.
WHAT ARE IOVO WALLETS?
Every IOVO user interacts with IOVO network through a wallet, which is a user-friendly application similar to the wallets offered by other cryptocurrencies. However, besides storing user's money and tokens, the wallet gives access to all user's data shared in every dApp he participates.
WHAT ARE SMART CONTRACTS?
Smart contracts are special protocols, which run automatically between the users and can cause money transfers based on satisfying some conditions. Smart contracts can be written by any user in a dedicated user-friendly programming language.
WHAT ARE THE FUNCTIONS OF THE IOVO FOUNDATION?
The Foundation will work as an accelerator for most promising projects proposed or already under development on the IOVO DAG. Taken under the wings of the IOVO Foundation the chosen project will find multiple tools necessary for their development, such as legal, technical and marketing support. The higher the number of IOVO DAG-based successful projects and the greater their popularity will be, the faster the whole IOVO database-network development will occur.
WHAT PROBLEMS IOVO SOLVES?
IOVO solves scalability and performance problems of traditional blockchains (like Bitcoin and Ehtereum) while it is not based on new untrusted technologies like single-transaction DAG (used e.g. in IOTA and Byteball), which lacks strong mathematical foundations and still needs more research to achieve stability and security. Instead, IOVO uses multi-blockchain DAG, which takes advantage of well-investigated blockchain technology while improving its performance and scalability using sharding.
WHAT IS A DAG?
DAG stands for a Directed Acyclic Graph, a mathematical notion which gained huge popularity as a possible replacement for traditional blockchain technology. In blockchain, the ledger of transactions has a linear structure - every block of transactions directly follows the previous block, making a chain, in which every block is produced, e.g., ~10 minutes after the previous one. On the other hand, in DAG every node (which may be a single transaction or a block of transactions) can point directly to several other nodes as well as may be pointed by several other nodes. The nodes form a DAG structure - every node is a vertex in the graph, and there are directed edges between the nodes. Every node can have multiple outgoing edges as well as multiple incoming edges, however, there cannot be any loops in the graph.
WHAT ARE COMMON DAG-BASED ISSUES?
DAG-based cryptocurrencies gained popularity together with the so-called single-transaction DAGs, which are used, e.g., in IOTA and Byteball. It's a totally new architecture with no miners and no proof-of-work and it is claimed to be faster and cheaper than blockchain while preserving its stability and security. However this technology lacks strong mathematical foundations - the whitepapers provide some discussion on properties of single-transaction DAG, but with no numbers and no mathematical proofs. The scientific community is sceptical about this technology, mainly because it resigns from the miners and proof-of-work, which is the main building block and the source of success of Bitcoin and the following blockchain-based cryptocurrencies. Instead, in the single-transaction DAGs, the blockchain technology is exchanged by a new, uninvestigated and untested concepts with no guarantees to work and still a lot of concerns. For illustration, let us mention that IOTA still uses centrally-driven "coordinators" in their network to have it worked properly.
HOW DOES IOVO SOLVE COMMON DAG-BASED ISSUES?
Instead of untrusted single-transaction DAG technology, IOVO uses so-called multi-blockchain DAG. In this setup, transactions are formed in a traditional blockchain structure which preserves the security guarantees known, e.g., from Bitcoin. However, in IOVO there are multiple parallel blockchains which communicate occasionally. This gives it a DAG structure - in this DAG every node is a block of transactions and there are two kinds of edges: intra-chain and inter-chain. No edge goes backward (no block can point the future block), so the graph is acyclic. This multi-blockchain approach offers a potentially unlimited scaling while preserving the security and scalability of well-investigated blockchain technology.
WHAT ARE THE IOVO SCORINGS FOR?
The main building block of IOVO is the mechanism of scorings. In the simplest case, the scoring can be, e.g., a rate of a merchant in an online shop or a score of a specialist in his domain. However much more complicated scorings are possible and they can be freely created by the users. The scorings are not limited to be numerical; we can think for example of a car insurance company working on IOVO, where the score is composed of all the events concerning a particular driver. IOVO provides an advanced search mechanism which allows, e.g., to search for the best users in some category, or to search for all the users satisfying some given condition.
WHAT IS PROOF-OF-WORK, PROOF-OF-STAKE AND PROOF-OF-VALUE?
Proof-of-work is a protocol in which a network is maintained by the "miners", who verify the transactions using their computing power. The miners are incentivised to participate in the process by being rewarded proportionally to their computing power. The inherent problem of proof-of-work is the necessity of performing huge amount of useless computation, and thus wasting lots of electricity. This drawback caused research on proof-of-stake - a new alternative to proof-of-work in which there are also dedicated users which verify the transactions (they are called the "validators"), however they are paid proportionally to their amount of money deposited, not to number of hashes computed. This limits the problem of unnecessary computations while preserving the properties of proof-of-work - the security of proof-of-work is based on assumption, that it's virtually impossible to take control of 51% of computing power of all the miners. The same argument applies for proof-of-stake: in a distributed system with lot of big players, it is virtually impossible to take control of 51% money of the system. In IOVO we push forward the idea of proof-of-stake to proof-of-value: the reward of the validator is proportional to his "combined value" measured as a combination of his money and the value that he contributes to the network. The coefficients are adjusted in such a way, that in early stages, when there is no much data in the network, the system will mostly work as proof-of-stake, and while data and value added in the network grows, it will smoothly evolve into proof-of-value. Therefore, in the final stage users who contribute most value to the network will get paid most.
WHAT IS THE UTILITY OF THE IOVO TOKEN?
IOVO token will be used to pay for searching data on IOVO network.
HOW IS IOVO SECURE AND SCALABILITY-READY?
All the security guarantees of IOVO directly follow from the traditional blockchain technology. However we push forward this concept by creating a multi-blockchain DAG which uses multiple blockchains in parallel and gives users potentially unlimited scalability.
CAN HACKERS TAKE DOWN THE IOVO DAG?
IOVO DAG is maintained in fully distributed way, meaning even taking control of many nodes in the network will not cause any disruptions to the DAG, as long as 51% of the nodes (measured by their stake) is working properly.
IS IOVO VULNERABLE TO DOUBLE-PARASITE CHAIN ATTACK?
No. Double-parasite chain attack is characteristic to single-transaction DAG (the Tangle) used in IOTA. In IOVO we use a different approach, called multi-blockchain DAG with proof-of-stake. In this setup the double-parasite chain attack does not work, simply because the proof-of-stake algorithm prevents from every user having less than 50% stake performing a double-spending attack.