RepuX - Blockchain-powered Data Marketplace

kertasi (25)in #ico • 7 years ago (edited)

About RepuX

RepuX is a protocol level framework in which various types of endowment data can be commoditized and exchanged between different corporate and individual users. Combining some of the latest decentralized technologies such as IPFS, Sia and Ethereum / EOS, along with the possibility of upgrading to a special high-throughput blockchain. By creating and allowing for value and data transfer directly between peers using protocols, RepuX makes it possible to create data sharing possibilities for individual and corporate users and aggregate data, which does not exist on the market today. This direct and immediate transfer of value via REPUX tokens will enable value creation for data creators, including individuals and thereby eliminating the need for intermediaries and intermediaries across industries.

RepuX’s blockchain-backed platform enables Small and Medium Enterprises (SMEs) to capitalize on business solutions via the data sharing network. SMEs often don’t know how to optimally utilize the data they have amassed in order to make impactful business operations decisions and lack the resources needed to implement them. Developers, on the other hand, seek data to develop machine learning and artificial intelligence-driven applications as well as enterprise customers to sell information back to. RepuX unlocks the untapped value trapped within this disconnect by allowing SMEs to upload data and list potential use cases. Developers are then able to purchase the data to create customized applications which they can then sell back to SMEs. The RepuX platform anonymizes data and maintains quality through reputation scores determined by purchasers.

The problem
Enterprises have terabytes of data stored within their systems and have trouble using this for better business decision making or improved business efficiencies. Developers lack data to develop machine learning and artificial intelligence solutions and most importantly enterprise customers to sell back to. There’s a lot of value trapped within this disconnect.

The solution
RepuX is a protocol level framework upon which various types of corporate and user data can be monetized and exchanged between different parties. Combining multiple cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput block-chain, RepuX allows the creation of a highly decentralized marketplace for data and information.

How It Works

Businesses sell anonymized data and earn Repux tokens (crypto-currency).
Repux uses blockchain to assign ratings and reputation to the data, which developers can buy to train machine learning algorithms.
Developers then re-sell their AI enhanced apps back to enterprises, for better business decision making.

Token Details