Overview of RepuX ICO | Decentralized Data Marketplace
RepuX ICO is Monetized Dataplace from Millions of Small Enterprises
What is RepuX ?
RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, decentralised network. The RepuX platform encrypts data and maintains quality through reputation scores determined by purchasers. Developers can then use the data to develop machine learning and artificial intelligence-driven applications as well as having enterprise customers to sell back to on RepuX.
Industries that will benefit include ecommerce, healthcare, accounting, micro lending, and advertising, among others. For more information, please visit https://www.repux.io.
Are you a business owner or software developer? The Economist famously stated “Data is The New Oil”.
By creating and allowing for value and data transfers directly between peers utilizing the token system, RepuX allows for the creation data sharing possibilities which do not exist in the current marketplace. Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain.
How It Works?
- Businesses sell anonymized data and earn Repux tokens (crypto-currency).
- Repux uses blockchain to assign ratings and reputation to the data, which developers can buy to train machine learning algorithms.
- Developers then re-sell their AI enhanced apps back to enterprises, for better business decision making.
For further details we invite you to read their White Paper.
Are you a business owner or software developer? The Economist famously stated “Data is The New Oil”.
By creating and allowing for value and data transfers directly between peers utilizing the token system, RepuX allows for the creation data sharing possibilities which do not exist in the current marketplace.
Supported wallets for the RepuX Tokens include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others. This offer converts on completed registration to buy tokens.
RepuX Data Marketplace
On the Marketplace you’re able to upload — and later, sell your files. The easiest thing you could do is to buy the already existing product and download it. We’re going to subtract from your account a number of tokens equal to the price of the product. The product files will be able to be downloaded as soon as Ethereum network confirms the transaction. On Rinkeby it takes 15 to 30 seconds to confirm a transaction.
Reasons Why You Should Consider Buying RepuX Tokens
1. Working product & 3 pilot companies: The marketplace is live unlike most token sales that launch with just a whitepaper! The companies represent a reach of millions of SMEs. Networking World Economic ForumHUGE market: According to the World Economic Forum, SMEs represent over 95% of firms, account for 70% of employment and contribute 53% of GDP globally.
Solving a real problem: Per the Harvard Business Review, individually, most SMEs don’t have enough data or expertise to take advantage of AI. A marketplace like Repux helps them better compete with the big boys.
Strong partnership in China: The Economist also stated that China is leapfrogging the US in AI due to its 4x larger population that produces much more mobile data. Repux could become to data what Alibaba is to commerce.
'Winner Take Most Effects': Marketplaces like Repux tend to have winner take most/all effects so founders and early adopters can capture a good chunk of the value created. We have a head start!
How will the Token Sale work?
The Token Sale will run over a 31-day period starting from the 6th of March 2018 until 5th of April 2018. The rounds will continue until the cap of 33,1 mln USD is hit or the final round expires. During the Token Sale REPUX can be purchased in exchange for ETH, BTC or Wire Transfer, with minimum 100 USD contribution (or equivalent of 100 USD in BTC or ETH). During the Pre-Sale, the minimum contribution is 30,000 USD.
We will never post the token address to anywhere other than the official Token Sale website. Never send ETH, BTC or USD to any address you haven’t first verified the owner of.
Summary
It’s also an important thing to notice that various technological layers need to exist in addition to blockchain contracts. For our API we’ve chosen Symfony because the team’s really experienced in using it. On the frontend, we have Ember — because it’s really solid for developing enterprise-class applications. In addition to this technological stack, we also have Node.js put to work when it comes to interacting with our Ethereum nodes — which also need to run because Data Marketplace needs to stay in sync with the blockchain transactions and events.The important part, however — is that you’re the only owner of the file — and you control the smart contract (we have no power over it — we just provide infrastructure and client for casual users).
Go ahead, check out RepuX Data Marketplace!
- A massive amount of data generated by SMEs (small and medium enterprises) goes unused
- And yet, software developers need it to train AI Machine Learning algorithms
- Trapped in this disconnect is a LOT of value! A marketplace like Repux lets SMEs have a fighting chance against Amazon, Google and Facebook
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