In this digital world, the monetary system is really changing. The popular monetary systems are being replaced by improved systems that make transactions easier and safer for investors and other end users. US dollar became the basis for international monetary systems with fixed exchange rates to the dollar. This system is sensitive to inflation and other foreign exchange fluctuations and hence cryptocurrencies came into existence to help companies and individuals fund their projects in an easy and efficient way.
Repux serves as a marketplace that lets small and medium businesses sell anonymized data to developers. It therefore serves as a protocol level framework upon which various types of corporate and user data can be monetized and exchanged between different parties. When the business sells data to the developers, they earn Repux tokens. Repux token is the medium of exchange and the only way to transact within the marketplace. Developers use the bought data to train machine learning algorithm. They then resell their intelligent applications back to enterprises for better business decisions. Therefore in a case where an SME has unused data, all that has to be done is upload it to Repux and in this way the business will be able to earn some cash. Repux is definitely a great accomplishment especially for SMEs as it gives them an opportunity to compete against the likes of Google and Microsoft. Furthermore, data that is rendered useless because it does not have authority backing is made useful through Repux rating and reputation systems.
Repux has combined multiple decentralized technologies such as Etherium, IPFS and Blockchain to create a highly decentralized marketplace for data and information. Repux conducts data transfers directly between peers in the protocol allowing development of various business to business data sharing possibilities for excess user and corporate aggregate data. The direct and rapid value transfer eliminates the need for middlemen and intermediaries. Developers in need of data, through Repux, will be able to purchase and receive company data in due time to create decentralized applications. Their applications and algorithms will then be listed with Repux and then sold back to companies with Repux tokens. To ensure integrity within the protocol and confidence, there is oracle system to verify transactions and a reputation behind each entity and transrough
Join the Pre-Sale now: https://repux.io/
- Official link: https://repux.io/
- Link to Whitepaper: HERE
- Official Bitcointalk thread: HERE
- Official Telegram link: HERE
- Official Twitter link: HERE
- My Bitcointalk profile: HERE
- Contact me: firstname.lastname@example.org