Overview RepuX ICO
Table of contents:
- RepuX platform
- Problems and solutions
- How does it work
- ICO Details
Repux is a platform for data trading. The database is designed for data collectors, developers and consumers. The protocol is an information storage with high capacity. The platform is built on the basis of Blockchain, which guarantees the transparency of all operations. The developers are confident that in the future, the monetization of data will bring profit to individuals and companies. The platform will allow to conduct operations between users of the site, and all this will be realized without intermediaries.
Repux is a platform that has been created for exchange on a monetary basis by large amounts of information
The XXI century is the century when artificial intelligence began to spread rapidly throughout the whole planet. Researchers came to the conclusion that the machine is able to think the same way as a person and solve creative problems. But for this it needs to be trained. This is exactly the same as the development of a person: a child, meeting with the outside world, absorbs information, processes it and eventually learns.
But artificial intelligence is not developed for general development, but for specific purposes. Even before the “thinking” machine, a person poses a specific task. And it is necessary to conduct training for it. For example, the technique used in the medical field requires data on the diseases, statistics and methods of their treatment, the peculiarities of the course of illnesses.
This is a very large amount of information, which the developers of artificial intelligence often do not. But they are in medical institutions, through which thousands of patients go every year. For decades they collect statistics of patients and diagnoses. But the data remains unclaimed, since they do not have a direct relationship to the day-to-day work of the clinic. As a result, medical institutions are forced either to use precious technical resources to store unnecessary information to them, or to delete it.
We expect that the monetization of data will be the main source of profit for individuals and legal entities in the near future. According to experts’ forecasts, by 2025 the total amount of information in the world will reach 180 zettabytes (180 trillion gigabytes), for comparison, in 2015 this figure was 10 zettabytes.
Goals and objectives of RepuX:
?Create a system with high capacity, which will enable you to monetize information directly between data collectors, developers and end-users;
? Building a secure reputation infrastructure within the RepuX token transaction transactions, which will allow users to apply quasi-continuous records when making mutual transactions;
?Development of application programming interfaces (APIs), which will allow third-party developers to use the RepuX protocol to create various applications;
?Stopping while creating and developing the RepuX protocol as its main priorities, scaling principles and providing high bandwidth;
?In a number of cases, the integration of existing block technologies into the RepuX protocol when creating custom solutions.
The ultimate goal is the creation of a secure, reliable protocol for the exchange of data with high capacity, which can be integrated into a wide variety of applications developed by third parties for the further use of these applications in a number of different industries.
Problems and solutions
According to the question, gold in the modern digital economy. Small and large enterprises rely on data to access targeted support, product development and business development, but large data sets will take time. In addition, small and medium-sized enterprises (SMEs) do not have access to a dataset such as Amazon, Google and Facebook. On the other hand, SMEs tend to prefer a data set that is smaller, and is particularly useful for developers and other companies, but in the modern digital economy there is no mechanism that is safe and effective for monetization in exchange for their information.
Thrust of SMEs (medium enterprises) to exchange data with developers through the use of the RepuX price tag. Developers and other interested parties can be assured of the quality of the RepuX data collection platform, because of the reputation rating determined by the buyer’s data, and we can give a reputation in every country and every transaction and verification in the system, we can guarantee the integrity of the protocol and the quality of the data that customers buy.
Data that can be created on the Internet indicate parameters about what everyone is looking for on the Internet, how we interact in a network that an enterprise can group these data to find a solution in the market for users who have actively requested a product or services, it’s just awesome!
Having a huge set of data that can actually be very complex and do not have the tools necessary to develop solutions and interact people online can be a challenge! But not for Repux! The company will allow small and medium-sized enterprises to sell this set of data developers just to combine a lot of data and provide solutions in the network.
How REPUX Solve Common Issues
The challenge of introducing this revolutionary platform is about trust and transparency. The users need to know that they can believe the platform. They also need to make sure that everything will be done transparently for the advantages of all members.
REPUX is using the latest technology so those issues can be reduced. One way is by building blockchain compatible with the valuable data involved on the platform. The blockchain works by creating list of record continuously and will be secured by specific system known as cryptograph. As the result, all the data and transactions will be recorded automatically. At the same time, the users are able to check the record completely and it will be shown transparently.
As the result, common frauds and issues are solved brilliantly and all members get benefits from data sharing activity. Interestingly, the transaction can be used peer to peer and only trusted people who can join this platform. Definitely, REPUX is really a valuable platform for data sharing business in the future.
More information can be found here:
- My BitcoinTalk Profile:https://bitcointalk.org/index.php?action=profile;u=1510378