At the initial stage of the private sale structure development all interested
parties are advised to contact the IOVO team directly in order to obtain and process an NDA
document.
Please apply for the Letter of Intent (LOI) form to gain acces to the upcoming
IOVO token private sale process.
Personal data is freedom. It is being appropriated and used against people's interest.
IOVO is the first decentralized
human value BLOCKCHAIN
network.
IOVO returns control of data back to the people who generate it, together with the liberty to manage and monetize all their digital records.
The Internet of Value Omniledger is a next-generation blockchain (DAG) decentralized database ecosystem. IOVO is dedicated to giving control of data ownership and monetization to the people actually generating the data.
IOVO will be a universal, secure, and transparent data ownership and exchange system. Its mission is to sustain and promote individual human value.
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.
IOVOanalytics is an overlay application to search for data and insights within the IOVO network database system. All searches and queries are limited to data which users have consented to share. A modern, user-friendly interface enables fast and easy communication with the IOVO network. Users can collect interesting data needed for simple or multi-level analysis. IOVOanalytics manages data and simultaneously charges for searching the network, allowing users to easily monetize the data they share. IOVOanalytics provides access to the whole range of possibilities of the IOVO network in a single application. The IOVOanalytics app is aimed at companies and researchers, facilitating access to data collected via a wide range of applications.
Basic IOVOanalytics features:
IOVOanalytics has open code, so advanced users can easily extend it. But even the basic IOVO network tool has a potentially 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 fields include German services from neue online Casino data providers
up to payment processors. Even scientific research institutions trust it for its databases.
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 according to the following structure:
Funds allocation structure
The collected funds will be allocated according to the following structure:
Our first product is an app and an online marketplace called influnomy.
infuonomy allows users to discount their payments by posting the social media content requested by a place, product or brand. Everything on the consumer side happens seamlessly, as the monitored promotional information passes through the database and is immediately transferred to the payment terminal.
Discounts can stay unused and be traded on our blockchain marketplace. Other non-monetary assets, including knowledge, will also be tradable in this marketplace.
Dropp lets you break the rules of social media and see sharing information differently. Become a journalist of places and create their context. Inspire others to go out and link events to where they happened. Get inspired and discover others’ stories. Dropp takes a different approach to communication – it lets you transmit content connected to a specific point on map. Dropp is a community of places. Thanks to you, spaces become a source of shared information, experiences, and emotions. Put yourself in the middle of important events: no matter where you are, your Dropps will encourage others to find out about amazing places for themselves.
How does DROPP work
Dropp lets you share text, video or photos and relate them to a specific place on the map. Relations become visible for other users in the form of location markers, which encourage others to discover those places. Dropp is also a social tool – it allows you to celebrate and create the history of specific places and build friendships with other users.
The flatty dApp links roommates who want to share a flat or house. It will manage the lease terms and serve as a small-scale social network. People looking to share a home are connected via their common preferences, both about where they want to live and the people they want to live with. The dApp also provides 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. Flatty lets you create groups interested in leasing property in a specific location. Tokens are used when expressing interest in an available property. They can also be used to settle bills among roommates. Users’ personal data and property information are both protected by the IOVO network.
iovobanks is an innovative banking system based on blockchain technology, helping users manage their spending and investments. Scorings based on the IOVO network prompt provide users with leads on particular services, 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 storing and exchanging information based on any type of quantitative value assets. IOVO is a DAG (directed acyclic graph), a next-generation blockchain. IOVO serves as a data management and scoring ledger by creating a universal global decentralized ledger of all values. Scoring rates are then published for both individuals, institutions and other entities across a range of sectors. Rating scores within IOVO are only accessible by the scored entity itself, and only revealed as answers to particular questions. In this way, IOVO acts as a zero-knowledge proof platform.
WHAT IS DATA OWNERSHIP?
IOVO is based on the fundamental idea that we are generating an enormous amount of data with every passing moment, and that ownership of these quantitative values is a crucial element of our future freedom. This valuable data — which we generate, store, transfer and share — represents our human value. When we are denied ownership of this data we are robbed of the freedom to decide how it is used, and with it a significant part of our intrinsic value. It limits our operational human capital and possibilities to monetize our human value via different forms of exchange. IOVO is focused on returning ownership of that value back to the individual, by storing it in a safe and secure way. IOVO democratizes the monetization of data – expressed as an electronic identity for all participating parties.
HOW WILL IOVO WORK?
As a base layer, the IOVO DAG provides an infrastructure for dApps (decentralized applications) which focus on value and scoring data usage in areas such as finance, credit, insurance and non-monetary payments. IOVO is designed as a foundation for decentralized apps. As a result, most users will not directly use the low-level functionality of IOVO. Instead, they will use user-friendly apps created by other network users. Any app developer can create a new scoring along with their app or use one or more pre-existing scorings. Hence, the author of the app decides which user data will be used for their business purpose and defines the rules for data access. As a result, IOVO’s functionality will be driven by app developers, not by the creators of IOVO.
HOW DOES THE IOVO DAG SUPPORT A DATA ECONOMY?
IOVO allows users and companies to own their individual data and decide what to reveal and on what terms via their personal data wallet. As the first truly transparent, universal, personal and institutional decentralized dataspace, IOVO will serve as a global ledger, capable of securing every type of knowledge-based value relating to both individuals and entities. It will store and supply any possible values and scoring mechanisms for different market and social applications. IOVO will be encrypted, secure, distributed, democratic and above all human-centric. Even further, IOVO has the potential to extend beyond simple storage and authentication of individual value. It will be a database-network serving as a base layer for future decentralised value market makers.
HOW DOES IOVO USES ZERO-KNOWLEDGE PROOFS?
A zero-knowledge proof is a protocol to provide a response to a request together with a proof of the correctness of this response, without leaking any additional information. We use zero-knowledge proofs in our score requesting mechanism: the score is revealed to the requester together with the proof of its correctness, but no other user 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 the IOVO network for communication and all application data will be stored using a IOVO scoring mechanism. dApps can create new scorings or use existing scorings for their needs.
WHAT dAPPS CAN/WILL BE BUILT ON IOVO?
Any kind of peer-to-peer application can be built on top of IOVO, making it fully decentralised and secure.
WHAT IS A MANIFEST?
A manifest is a special document published when creating a new scoring. It describes all the rules about the scoring, including how particular scoring data can be accessed, and how money flows using dedicated tokens. It also establishes all fees connected with the scoring.
HOW CAN EXISTING APPS BE INTEGRATED?
The IOVO team will provide frameworks for all major mobile and web technologies. These frameworks will allow apps to connect and interact with the IOVO blockchain.
WHAT ARE IOVO WALLETS?
Every IOVO user interacts with the IOVO network through a wallet, a user-friendly application similar to the wallets offered by other cryptocurrencies. However, in addition to storing users' money and tokens, the wallet will provide access to all user data shared in every dApp the has interacted with.
WHAT ARE SMART CONTRACTS?
Smart contracts are special protocols which run automatically between users and can conduct money transfers when certain conditions are met. Any user can write a smart contract thanks to a dedicated, user-friendly programming language.
WHAT IS THE IOVO FOUNDATION?
The IOVO Foundation will work as an accelerator for the most promising projects proposed or already under development on the IOVO DAG. The IOVO Foundation will provide the chosen projects with multiple tools necessary for their development, such as legal, technical and marketing support. The more successful IOVO DAG-based projects there are and the greater their popularity, the faster the entire IOVO database-network can develop.
WHAT PROBLEMS DOES IOVO SOLVES?
IOVO solves the scalability and performance problems of traditional blockchains like Bitcoin and Ehtereum. However, it is not based on new untrusted technologies like the single-transaction DAG used in IOTA and Byteball, among others. These approaches lack strong mathematical foundations and still need more research to achieve stability and security. Instead, IOVO uses multi-blockchain DAG, leveraging well-investigated blockchain technology while improving its performance and scalability using sharding.
WHAT IS A DAG?
DAG stands for directed acyclic graph, a mathematical notion which has 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, with each block being produced at roughly the same time after the previous one. In a DAG, however, every node (which may be a single transaction or a block of transactions) can point directly to several other nodes, and may itself be pointed to 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 (hence the “acyclic” part of the name.)
WHAT ARE COMMON DAG-BASED ISSUES?
DAG-based cryptocurrencies have gained popularity together with so-called single-transaction DAGs, which are used in IOTA and Byteball, among others. Single-transaction DAGs are a totally new architecture with no miners and no proof-of-work, and they are claimed to be faster and cheaper than blockchain while preserving its stability and security. However, the technology lacks strong mathematical foundations: the whitepapers provide some discussion on the properties of single-transaction DAGs, but with no numbers and no mathematical proofs. The scientific community is sceptical about this technology, mainly because it foregoes miners and proof-of-work, which are the cornerstone of Bitcoin and subsequent blockchain-based cryptocurrencies. Instead, in single-transaction DAGs the blockchain is replaced with new, untested concepts with many issues. For example, IOTA still needs centrally driven "coordinators" to make the network work properly.
HOW DOES IOVO SOLVE COMMON DAG-BASED ISSUES?
Instead of untested 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 from tried and trusted technologies like 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 travels backwards (i.e., no block can point to a future block), so the graph is acyclic. This multi-blockchain approach offers potentially unlimited scaling without discarding the well-documented security benefits of traditional blockchain.
WHAT ARE IOVO SCORINGS?
The main building block of IOVO is the scoring mechanism. Scoring can be very simple, for example a merchant rating in an online shop or an expertise score for a domain specialist. However, IOVO supports much more complicated scorings, which can be freely created by users. Scorings do not even have to be numerical: imagine a car insurance company using IOVO to create a scoring composed of all events associated with a particular driver. IOVO provides an advanced search mechanism which allows a variety of powerful search options, for example searching for the best users in a particular category or all users satisfying a given condition.
WHAT ARE PROOF-OF-WORK, PROOF-OF-STAKE AND PROOF-OF-VALUE?
Proof of work is a protocol in which a network is maintained by "miners", who verify 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 with proof of work is the need to perform a huge amount of useless computation, thus wasting lots of electricity. This drawback inspired research into proof-of-stake, an alternative to proof of work. Proof of stake also has dedicated users who verify transactions (called "validators"); however, they are paid proportionally to the amount of assets deposited, not the number of hashes computed. This limits the problem of unnecessary computations while preserving the security properties of proof of work: the security of proof of work is based on the assumption that it's practically impossible to take control of 51% of all mining computing power. 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% of the money in a system. In IOVO we evolve the idea of proof-of-stake to proof-of-value: the reward to the validator is proportional to his "combined value", measured as a combination of his assets and the value he contributes to the network. The coefficients will be adjusted to reflect the scale of the IOVO network. So, in the early stages, when there is not much data in the network, the system will mostly operate as proof-of-stake. As data and value are added and the network grows, IOVO will smoothly evolve into proof-of-value. Therefore, in IOVO’s final stages the users who contribute the most value to the network will get paid the most.
WHAT IS THE UTILITY OF THE IOVO TOKEN?
The IOVO token will be used to pay to search for data on the IOVO network.
HOW IS IOVO SECURE AND SCALABILITY-READY?
All the security guarantees of IOVO directly follow from traditional blockchain technology. However, we have evolved this concept by creating a multi-blockchain DAG which uses multiple blockchains in parallel, giving users potentially unlimited scalability.
IS THE IOVO DAG VULNERABLE TO HACKS OR BAD ACTORS?
The IOVO DAG will be maintained in a fully distributed way, so the network cannot be disrupted as long as 51% of nodes (measured by stake) are working properly. In practical terms, gaining control of this many nodes would be impossible.
IS IOVO VULNERABLE TO A DOUBLE-PARASITE CHAIN ATTACK?
No. A double-parasite chain attack is a characteristic of a particular single-transaction DAG: IOTA’s Tangle. IOVO uses a different approach, called multi-blockchain DAG with proof-of-stake. This setup is immune to the double-parasite chain attack, simply because the proof-of-stake algorithm prevents every user with less than 50% stake from performing a double-spend attack.
