TOKYO, Dec 3 (Bernama-BUSINESS WIRE) -- IFA CO., LTD. (CEO: Masashi Mizukura) has developed the token ARCS (ticker symbol ARX) based on blockchain technology. The product platform AIre, which uses ARCS, tokenizes the values held by people to enable exchange, monetary conversion, requests, purchases, and more.
Tokenize the value held by people, and give all people sovereignty over their data
IFA, a provider of products and services using blockchain technology, has developed ARCS, a token based on new blockchain*1 technology. The product platform AIre, provided through the use of ARCS, visualizes and tokenizes*2 the various values held by people.
*1 Blockchain is a technology for recording the transaction histories of decentralized cryptocurrencies. There is no specified administrator or issuer; transaction histories are monitored and managed by users, making fraudulent transactions or falsification of data difficult.
*2 Tokens issued through the use of blockchain technology are a type of cryptocurrency asset allowing transactions on the Internet. It is thought that tokens will be usable in the future as consideration for products and services, like stocks or rewards cards. Anyone, whether an individual or a company, can easily issue tokens, but they can only be used within the scope of the service of the issuing individual or company.
In the past, it has been difficult to clarify the values, ideas, and other intangibles held by individuals, creating a tendency toward structures that are advantageous to companies. Tokenizing such values of individuals will enable free exchange, monetary conversion, requests, purchases, and more, with all persons able to hold sovereignty over their data.
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