REPUX
Hello people! Let's look at platforms that allow data producers to create value in their data through facilitating the provision of this data to users in many industries, while eliminating the need for intermediaries in this process.
REPUX is a market that allows small and medium businesses to sell anonymous data to developers.
The business sells anonymous data and gets Repux
Developers buy data to train Machine Learning algorithms
Developers then resell their smart apps back to the company, for better business decisions.
"Our vision is to create a protocol that facilitates the monetization of data through efficient transfer between collector, developer and user which will also enable the evaluation of reliability and reputation of data over time.Using our RepuX Protocol, data collectors can transfer data to data users or to developers applications in exchange for Token RepuX Developers can build the RepuX Protocol, and use data transferred by collectors to produce products and services that can then be transferred to end users in various industries instead of a RepuX Token With the RepuX Protocol we hope to add value on the data. "
Problem :
Companies have terabytes of data stored in their systems and have problems in using these better business decisions or improving business efficiency. Developers lack the data to develop machine learning and artificial intelligence solutions and most importantly is the company's customers to resell. There are many values stuck in this disconnect.
The solution :
RepuX is a protocol level framework where various types of corporate and user data can be monetized and exchanged between different parties. Combining some of the leading decentralization technologies such as IPFS, Sia and Ethereal / EOS, together with the possibility of upgrading to a custom high-throughput block chain, RepuX enables the creation of a highly decentralized data and information market.
Repux Technology:
APIs will allow these markets to be developed by 3rd parties to fit their specific niche. By transferring values and data directly between peers in the protocol, RepuX enables the creation of various possibilities of sharing B2B (business to business) data for aggregate user and enterprise data aggregate, which is not present in the market today. This direct and immediate transfer of value via the RepuX token will eliminate the need for intermediaries and intermediaries in some industries. With machine learning, large data and AI become more dependent on large-scale aggregate data, RepuX is ready to take advantage of it and drive innovation in their respective fields.
Developer :
Developers will be able to buy and receive access to enterprise data securely in real time to create decentralized apps. It will be available in a good fire in the company and similar data types. They can preview data, subscribe and even choose specific companies or across industries. After that, their application, the algorithm can then be registered with RepuX and resold to the company with Token RepuX. Data access will have different permissions associated with it and developers / companies can develop a reputation during the transaction period to protect the public.
How does Repux work?
· Businesses sell anonymous data and get a Repux token
· Developers buy data to train Machine Learning algorithms
· Developers then resell their smart app back to the company, for better business decisions.
By optionally allocating a reputation behind each entity and each transaction, and verified by the oracle system, we can ensure integrity in the protocol and allow actors to be more confident not only in attendance but also the quality of the data they buy.
Repux is a protocol level framework ("RepuX Protocol") where various types of unchanged data can be commoditized and exchanged among different collectors, developers, and corporate users. The RepuX protocol incorporates several decentralized technologies such as InterPlanetary File System (or IPFS) 2, Sia3, Ethereal4, EOS5, and offers the potential to upgrade to custom high-throughput blockchain. By facilitating the transfer of data and values between peers, the RepuX Protocol creates the possibility of sharing data among data collectors, application developers and data users not present in the market today.
Goal and Purpose of RepuX :
"We anticipate that data monetization will be a major source of revenue for individuals and entities in the future.It is estimated that the world will generate 180 zettabytes of data (or 180 trillion gigabytes) by 2025, up from less than 10 zettabytes by 2015."
Objectives and Objectives:
- To develop a high throughput system where data can be directly monetized between collector, developer and user;
- Establish a secure reputation infrastructure in a RepuX Token transaction that allows users to apply semi-permanent records in joint transactions;
- To develop an easy-to-use application programming interface (or API) that allows third-party developers to build our RepuX Protocol to create a variety of different applications;
- Maintain scalability and speed as a high priority during the design and development of the RepuX Protocol; and
- To integrate the RepuX Protocol with existing blockchain technology while building customized solutions in specific cases.
In short, Ulux's ultimate goal is to build secure, reliable, high-performance data transfer protocols that can be integrated with a variety of different applications developed by third parties for use by a number of different industries.
Token Sale :
will run for a period of 31 days from 6 February 2018 to 9 March 2018. The round will continue until the 33.1 million USD limit is hit or the last round will end. During Repo Selling Token can be purchased in return for ETH, BTC or Wire Transfer, with a minimum contribution of 100 USD (or equivalent to 100 USD in BTC or ETH). During Pre-Sale, the minimum contribution is 30,000 USD.
Standard token: ERC20
Token Supply: 500,000,000 REPUX
Token Sale Price: 0.20 US Dollar for 1 REPUX
Start date: February 6, 2018 / 5pm UTC
End date: 9th Mar 2018 / 5pm UTC
Close hard: 33.1 million USD
Soft cover: 1,000,000 USD
Token Sale expires on March 9, 2018
Payment received: ETH, BTC, XBT, USD
Supported Wallets for Token Sales include: MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
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|author : Motta1008
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