REPUX Significant Role in Developing Data Sharing Business in the Future
The Use of REPUX
Repux is developed to helps data collectors, application developers, and data users to share their data. The data will be shared with a revolutionary system which is not exists yet in the current marketplace.
The platform works as a protocol and by using this protocol all of valuable data can be monetized or exchanged to the corporate, individual users, collectors, developers, and users. The platform is using multiple decentralized technologies so it can be updated regularly based on what the users needs. Those technologies are including File System, SIA, Ethereum, and EOS
The idea is how to share valuable data easier for the beneficial of all members who are connected on the networks.
The Role of Artificial Intelligence
REPUX is supported with the latest technology including artificial intelligence and machine learning. By using Artificial Intelligence or AI, the platform will be developed faster. In fact, AI becomes one of promising technology in the market.
The most benefit is because Artificial Intelligence supports various types of economy aspects. When AI is installed there is a significant improvement on the machine learning ability. To make it perfect, the platform will also be supported by decentralized access to the valuable data. As the result, all members who are related to the REPUX’s networks can share valuable data through application.
The different between the previous model and this model is on the ability to select valuable data only so the result will be better than before. Definitely, this platform is trying to make machine works maximally. When the platform is installed machine and computer system is able to do direct learning by only analyze the data given.
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.
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 does it work
The structure of the Repux protocol is divided into 4 levels.
At the first stage there are user applications. The creation of such software is the competence of third-party developers. Relative to Repux, this is a third-party development, for their creation requires the API platform.
The second layer is the data access layer, located on Repux. This information is stored using a decentralized infrastructure, which ensures their security.
The third layer provides logical processing of information. It can be built outside the classical Ethereum architecture. One of the goals of Repux developers is to check whether it is possible to use EOS (a configurable Blokchain infrastructure) within the project.
The last, fourth level contains multi-signatures and other cryptographic primitives. Thanks to them, the right of ownership of users to information and its joint application by several clients is realized.
Already, the creators of Repux offer specific examples of the application of their product:
Improved repeat sales statistics. On Repux, owners of sites for online trading can sell information about the activity of users who have made purchases. Based on this information, sellers can determine, how many days after the purchase is best to send coupons for re-sale.
Use of these scientific institutions. Scientific institutions are a storehouse of useful information. It is not used by institutions, but is of interest to creators of artificial intelligence. By training it with the help of paintings by artists of the past, developers achieve significant results in a short time.
Assistance to companies using neural network models. Already today there are start-ups that reduce the costs of their customers with the help of artificial intelligence. 75-80% of their expenditure is the collection of information. Using Repux, they can immediately receive the necessary information and process structured volumes of data.
The time for conducting – 6.03.2018-5.04.2018;
The number of tokens sold is 30,000,000;
The cost of the coin is $ 0.2;
HardCap – $ 33.1 million;
SoftCap – $ 1,000,000;
Accepted currencies – Ethereum, Bitcoin, bank payments;
After completing the ICO, unsold tokens are burned.
ICO Repux is an interesting token that you should pay attention to. The development team took up solving one of the most pressing problems of modern business. When searching for and improving new technologies, 90% of information is unnecessary and stored, not bringing benefits. Thanks to Repux, companies will be able to sell it and get additional profit.
More information can be found here:
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