Repux is a market that allows small and medium businesses to sell anonymous data to developers.
Any business or organization will collect data from the customers on a regular basis for various purposes like to improve their existing product/service or before the launch of a new product/service. Let’s assume that a new mobile service provider is entering the market who is targeting mainly the users of Android platform. So, they are conducting a survey and collecting data about the Android mobile users. Once they successfully launch their service, the collected data is no longer needed to them. At the same time, a start-up company is developing a new lock screen app for Android based mobiles. Instead of reinventing the same wheel, if they can get access to the data collected by the mobile service provider, then it will help them to reduce the development time as the data is already available. Of course, they can make the necessary payments to the other company to get the data. But, this kind of data exchange is possible only if you have some kind of platform to connect the developers and data providers.
Let’s consider another example. Have you heard about the Smithsonian Institution in the U.S.? It is the world’s largest museum complex with more than 15 museums located in Washington D.C, the capital of USA. Every museum has a large volume of historical data in the form of images and documents which are rarely used. If the developers of machine learning algorithms get access to this much volume of data, then it will be a great boost for them to train their AI (Artificial Intelligence) based machines. Instead of keeping the unused data idle for decades, the institution can sell their data to the developers and use that funds for building more museums or renovating existing ones.
In both the cases mentioned above, the data owners couldn’t find a trusted platform for monetizing their data whereas the developers don’t have an easy option to get bulk data. To address this concern, a new marketplace named RepuX, based on blockchain technology is under development. RepuX aims to bring the developers and businesses under the same roof so that it will easier for both the participants to fulfill their needs. Businesses can use the RepuX platform to sell their large volume of unused data. Developers can buy the data and use them for the development of AI-based machines. To ensure the reliability of data, RepuX platform has partnered with Oracle system for handling the verification of the data so that the developers can be fully assured that they are buying only relevant and meaningful data.
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.
We intend to use the easy-to-use Web3.js + Metamask API which will allow third parties to with
easy access and quick build of external applications on RepuX infrastructure. In addition to easy to use JS API, we also can
enable more API based applications that third parties can use to develop on
Key features of IPFS
IPFS has the following features:
Defines a content-handling file system;
This coordinates content delivery;
It has file system and installation;
It can be accessed through common protocols such as HTTP;
It ensures integrity through a hash-handled content system;
Connection can occur through multiple network protocols;
There is no central point of failure; and
This allows additional functionality through systems like Filecoin.
However, as infrastructure is still maturing at a rapid pace, we will continue to explore data infrastructure options
additions, such as Storj and Sia.
Ads and Content online
The freemium model, where basic digital products or services are provided for free, but money is charged for that functionality
richer, fast becoming a de-facto model for consumer software products. Users can access basic products or services
at no cost; however,The value generated for the entity offering the product or service in the form of data collected about the user.
Advertisers generally pay well for behavioral data types.
We provide the following examples of fiction. Paul is a graphic designer and uses his computer quite often. With
use of RepuX Protocol, third-party application developers can create programs that Paul can voluntarily afford
install to the computer to record the data of its anonymous computer user. Paul does not mind sharing this anonymous data with
Paul can directly make this data available to potential buyers using the RepuX Protocol, resulting in multiple
additional revenue from sales data on the side. If Paul continues to provide legitimate, accurate and well-formatted data,
his reputation rises on the RepuX Protocol, possibly resulting in additional sales of his data. Advertisers will appreciate
the reliability and availability of Paul and Paul’s data is sufficient compensation for its data.
Using RepuX Token
Data Sales and Purchases
RepuX will allow RepuX Token holders to purchase data from sellers in the RepuX Protocol. The RepuX Protocol as well
will enable data sellers who receive payments in the Repux Token from individuals or entities that purchase their data.
raw data from data collectors and / or various value-added content developed by third-party application developers
can be bought and sold using Repux Token either through the market or bilateral transactions and data collectors
developed methods to assess their data.
RepuX Token Sale
Pre-Sale and Sales Token
RepuX Token is an integral part of the RepuX Protocol function.
RepuX will have pre-sale rights to receive future RepuX Tokens that are being made available “investors
accredited “solely for through a simple Agreement for the Future Token (the” Pre-Sale “). Pre-sales will continue
until December with a 50% discount for the base rate of $ 0.20 (“Base Rate”). Any interested accredited investor can
learn more by contacting RepuX directly at email@example.com and downloading blank SAFT at
RepuX is scheduled to launch Pre-Sale in December 2017 and Token Sales in January 2018 after
RepuX Operational protocol. Pre-Sale will be opened until Token Sale begins in January, 2018. Token Sale will be offered
in 5 stages, with the first at 30% discount for Rate Base, the second at 25% discount for Base Rate, the third with
20% discount for Base rate, fourth with 15% discount for base and final rate at 10% discount for Base rate. We will
launched a RepuX Token with a supply of 500 million tokens to be allocated as set forth below in Table 2 at
under the heading “RepuX Token Rates and Allocations”. The market exchange rate between RepuX Token and Ether for Token Sale will be based on
equivalence of one RepuX Token equal to $ 0.20.
In order to engage in data transactions on the RepuX Protocol, data collectors, data buyers or third party developers
should get a RepuX Token.
The ERC20 standard provides a common interface for digital assets on the Ethereum blockchain. The RepuX Token adheres to ERC20
standard token, which means that holders of RepuX Token can easily manage and transfer their RepuX Tokens
using Ethereum existing wallet apps (eg Parity, Mist, MyEtherWallet, etc).
RepuX Token Rates and Allocations
As the goal of RepuX Protocol is to have users be as controlling their data as possible, RepuX has
designing a Decentralized Sale Token. This allocation is to change depending on the number of Repux Tokens sold in Pre-
Sale subject and will be completed by the end of Pre-Sale.
Use of Proceeds
RepuX expects that a substantial amount of the proceeds of the Pre-Sale will be used to progress the development of the RepuX Protocol
and the RepuX Token ecosystem.
All outstanding RepuX Tokens will be managed by the RepuX Foundation. The RepuX Foundation is an Isle of Man non-pro t organization
established in October 2017 with offices in Douglas, Isle of Man, British Isles. The RepuX Foundation was formed to safeguard the RepuX
Tokens and funds raised through the Pre-Sale and the Token Sale on behalf of RepuX. RepuX is committed to community engagement and
sponsoring user participation within a world of decentralized data. The RepuX Token and associated network and marketplace all use trade
secrets and intellectual property either created, owned or licensed by the RepuX Foundation.
RepuX APP Mockup
Below is a sample interface where users can interact with the RepuX Protocol.
Below, we show a draft version of the smart contract we use to demonstrate our functionality on the Ethereum network. Note
that this is an example of a final implementation and a mutable implementation (and possibly a custom blockchain implementation).
The contract below defines the standard interface for transaction data on the RepuX Protocol. Data Owners can manage data
them through this interface. Data Owners can also manage and update the price of their data (in case of RepuX Token).
Data Owner can also.
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.
The holders of the RepuX Token will have control and RepuX may have only limited control after the RepuX Protocol
The RepuX Protocol consists of open source technologies that depend on computer networks to run device programs
software to process transactions. Due to this more centralized model, RepuX has limited control over Token RepuX and
RepuX protocol after launch. In addition, the RepuX Token holder does not and shall not be entitled, to vote or to accept
dividends or considered shareholders of RepuX for any purpose, nor will anything be interpreted to give on
holders of RepuX token rights shareholders of RepuX or the right to vote in the selection of directors or on any matter submitted to the holder
shares at a meeting thereof, or to grant or deny consent to a corporate action or to
receive notices from meetings, or to receive subscription rights or otherwise.
We hope that we will lean very quickly over the next few months. We have completed the specs
of the RepuX Protocol level framework on which various types of data of individuals and entities can make money and
exchanged between different parties. We will use our own Ethereum smart contract and RepuX Token interface
web distribution Our Token sale is planned for January 2018.
In preparation for Token Sale, we will make a major distribution announcement in early December. Once Token Sale is complete, we will be able to provide the infrastructure for our Company Integration partners to use
in their sign offering and our top priority is to hire a larger C-level executive team
and finish our first Enterprise Integration with WorkHQ.
Our philosophy is to initially test the tools we have built internally and with our Company Integration partners. We
then will roll out our RepuX Protocol to the public when it has been thoroughly tested.
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