REPUX :Decentralizing the Data Marketplace
One of the major challenges for sharing datasets is the lack of trust between the various parties in data transactions. Difficult for
someone to determine whether a particular dataset is well organized, precise and insightful without first
access the dataset to evaluate it.In addition, there may be issues related to the lack of a common platform on
where parties can meet in transaction data.
If these confidence issues can be resolved adequately, the fraud rate can significantly decrease temporarily,
at the same time, all hosts of other potential transaction data in various industries can be activated, such as deep data transactions
insurance, international trade and microcredit.
By design, blockchains are inherently resistant to the modification of the data involved. A blockchain is a continuous list
develops from records, called blocks, which are linked and guaranteed to use cryptography. Each block usually contains a hash pointer
as links to previous blocks, time records and transaction data. A blockchain can serve as an open, distributed book
which can record transactions between two parties efficiently and in a verifiable and permanent manner. To use
as a book is distributed, a blockchain is usually managed by a collective peer-to-peer network following a protocol to validate
new block. Once recorded, the data in each particular block can not be changed retroactively without changing all subsequent blocks, which are
requires collusion from the majority of networks.
This makes blockchains ideal to use as a basis for which RepuX Protocol
security and transactional integrity are paramount.
While this contract defines a standard interface, specific implementations can be changed to match the use of that case
different, for data from or used by different industries. For example, additional attributes can be added to a smart contract
to reflect industry-specific information with respect to data. Price and payment functions can also be changed to
support different payment methods, such as subscription model.
WHAT is REPUX?
RepuX is a protocol level framework (the “RepuX Protocol”) that different types of changeable data can be commoditized and exchanged
among various companies and individual collectors, developers and users. The RepuX Protocol combines a few
decentralized technologies such as interplanetary File System (or IPFS) 2
, And offers the potential to
upgrade to custom blockchain high-throughput. By facilitating data transfer and value between peers, the RepuX Protocol
creating the possibility of sharing data between data collectors, application developers and user data that are not present in the marketplace
this. The RepuX Protocol provides an opportunity for data producers to create value in their data through facilitating
the provision of this data to users in some industries, while eliminating the need for intermediaries in this process.
RepuX Goals and Goals
We anticipate that monetization data will be a major source of income for individuals and entities in the future.
It is estimated that the world will create 180 zettabytes of data (or 180 trillion gigabytes) by 2025, up from less than 10
zettabytes in 2015.1
our goals and objectives for the RepuX Protocol are as follows:
To develop a high throughput system where data can generate money directly between collectors,
developers and users;
To build secure reputation infrastructure in a RepuX Token transaction that allows users to apply
a semi-permanent record in a joint transaction;
To develop an easy-to-use application programming interface (or API) that allows developers
third party to build our RepuX Protocol to create different applications;
To maintain scalability and speed up high priority during the design and development of the RepuX Protocol; and
To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in those cases
In short, our main goal is to build a reliable, high-performance, secure data transfer protocol
which can be integrated with a variety of different applications developed by third parties for use by
a number of different industries.
Our vision is to create a protocol that facilitates the monetization of data through efficient transfers
between collectors, developers and users who will also enable the evaluation of data reliability and reputation from
time to time. Through our RepuX Protocol, data collectors can transfer data to user data or
application developers in exchange for RepuX Token. Developers can build upon RepuX Protocol, and
using data that is transferred by collectors to produce products and services that can then be transferred
to end users in various industries, in exchange for RepuX Token. With RepuX Protocol, we hope
to bring additional value to the data.
The official meaning of Intelligence and Machine Learning
the creation of data is continuous and with increasing speed. Data that has value. Currently,
the collection, use and distribution of this data is dominated by certain large corporate entities.
At the same time, investments in artificial intelligence (or AI) grow at a very fast rate. It is estimated that
AI market development more than doubled every 2 years. AI has the potential to significantly change many aspects
economy. In the field of AI, machine learning abilities have increased tremendously in recent years. Machine
this learning capability combined with decentralized data access has enabled the industrialization of data-based applications
decentralized. Since machine learning builds knowledge on past data, models are made just as good as
data entered into the model.
The RepuX Protocol has the potential to eliminate the “digital divide” between those who have easy access to
learning dataset machines and those that do not.
large data requires large datasets normally collected by businesses or organizations as a by-product of operations
daily. Such a dataset can, for example, a medical database of disease diagnoses, along with time and location. Unfortunately, because
many Big Data datasets are often not directly related to the direct operation of a business or organization, they are often fired and
thrown away. this dataset can easily make money and be used by other potential companies
benefit from the data. For For example, a successful product delivery list within a supermarket chain could be useful for new suppliers looking to
enter a certain territory. What’s missing is:
the data market is changing and transparent;
with reputable and useful data;
allows for the monetization of data with both individuals and entities;
marketed and available to those who really need it; and
with price and value determined by the market.
An example of a basic data market is the Bravery browser that has just rolled out their basic token sales attention (or BAT).
In the Bold browser, users can optionally “sell” (anonymously) their browsing data, or data of interest
them, to marketers who then buy this data and pay at BAT.
Technology from RepuX Protocol can be broken down into 4 separate layers.
Application layer at the top of RepuX Protocol. This forward-facing layer consists of a variety of decentralized applications, or Dapps,
that third-party application developers can build on existing RepuX API infrastructure. This example could be a service
which allows individuals or entities to sell data on the use of social media in exchange for accessing the website.
The next layer of RepuX Protocol is the data layer. This layer consists of all data that can be bought and sold in RepuX.
By storing the data layer in decentralized infrastructure such as IPFS, StorJ8 or Sia, we not only guarantee
presence of data, but also ensure that data is being stored in a decentralized manner. preferences of data ownership, sharing,
security and privacy can be actualized by using the original multi-signative cryptographic blockchain, to ensure data
will be excessively secured to the chain and also visible and utilized only by the preferred party.
To handle transactions occurring in the data layer, we employ decentralized logic layers. This layer can be
built on existing Ethereum infrastructure; However, we are also exploring the use of EOS, or blockchain infrastructure
potentially scale to millions of transactions.
On the basis of the RepuX Protocol, we build a value layer, which powers the top layer and ensures that people compensate
right for what they do in RepuX Protocol. We have created a RepuX Token as part of this value layer
to enable parties to send value payments between each other for the purchase and sale of data and goods,
other goods and / or services. The value of a token can be proportional to their request for their use in data sharing
service contract, where different levels of the number of holding marks can enable more advanced and greater capabilities
share data scale. It acts as a mechanism to adequately distribute available blockchain-based and data storage
serves as a vehicle request for tokens that allow fair data use.
RepuX is a framework of protocol level. It is a novice platform which holds the power to monetize the data of corporate and users. RepuX is a platform which amps up the creation of an efficiently decentralized marketplace which is suitable for data and information.
Also, it enables exchange of data between different parties. This platform is a blend of various cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, mixed with a possible upgrade to a custom high-throughput block-chain. With the help of RepuX Protocol, data collectors could transfer data to application developers and data users while exchanging the RepuX Token in return. They envision a protocol which helps in the monetization of data through efficient transfers between the three main parties, developers, collectors, and users. These transfers/interactions are crucial because they allow analysis of data reliability and reputation over time.
The RepuX Token is an ERC20 token. This token will represent the only method to pay for data services in connection with the RepuX Protocol. RepuX Tokens can be purchased by qualified purchasers during the Token Sale by transferring Ether (“ETH”).
Supply: 500,000,000 REPUX
Price: 1 REPUX = 0,20 USD
Hard cap: 33,100,000 USD
Soft cap: 1,000,000 USD
Accepted Currencies: ETH, BTC and Wire Transfer
Token Distribution Date: 5th of April 2018
Emission Rate: No new tokens will be created.
Team of ReduX:
Marcin Welner – Management Team
Aleksandra Staszewska – Product Team
Tomasz Tybon – Management Team
Daniel Kmak – Dev Team
Przemysław Kocznur – Dev Team
Krzysztof Durałek – Dev Team
Dawid Rashid – Dev Team
Taras Bazyshyn – Dev Team
Rafał Książek – Dev Team
Damian Babula – Dev Team
Pierre Benezech – Dev Team
Whitepaper : https://repux.io/white-paper.html
Twitter : https://twitter.com/repu_x
Facebook : https://web.facebook.com/RepuX-415260768888793/?_rdc=1&_rdr
Telegram : https://t.me/repuxicoEN
Reddit : https://www.reddit.com/r/RepuX/
Blog : https://blog.repux.io/
Ann Tread BTT : https://bitcointalk.org/index.php?topic=2613666.new