Let’s assume that you are an individual who does online shopping regularly. While you are searching for something else, you found a new shopping website with exciting offers and you are tempted to buy products from that website. What will you do now? You can do a Google search or other options to read the customer reviews for that website. If it is satisfactory, then you can proceed further by placing an order with a minimum value of the purchase. Do you think you can directly do shopping on any new website? No. A background check is really needed because the cyber world is not secure enough to provide your personal information like credit card number, CVV, expiry date etc. to an unknown site.
Have you ever thought how online retailers like Amazon, eBay are building the reputation? First, they spend a lot of money for advertising about their brand to consumers. If you see something new for more number of times, then it won’t look like new. That’s exactly the marketing strategy of the big companies. They advertise their products/services in newspapers, magazines, banner ads etc so that the consumers can identify the brand name very easily. Second, they offer a return policy and purchase guarantee for their products so that if something is defective, it can be replaced, or the customer gets a refund. Third, they develop a clear marketing strategy to find out the current trends and record the customer’s preferences also. So, consumers always prefer to shop with the big retailers even if a product costs high.
That’s why online shopping is monopolized by the big companies like Amazon. Small businesses are not able to compete with them even if their products are cheap, high quality and long-lasting. Why? Either they don’t have a clear marketing strategy, or they don’t have enough data to find out the current trends in the market. How will these kinds of small businesses grow and compete with big companies? RepuX protocol provides an innovative marketplace for the exchange of data between individual users or businesses through a highly secure, transparent and reliable platform. As the RepuX protocol is based on the Ethereum blockchain technology, it will be easier for any business to build or integrate their applications with the RepuX protocol. To ensure the reliability of the data, every buyer/seller is assigned a rating or reputation at the end of every transaction. Also, RepuX protocol is developing an escrow protection using the Oracle system to avoid any kind of fraudulent transactions in the system. Do you want to know more information about the RepuX protocol? Check out their official whitepaper https://repux.io/white-paper.html.
If someone needs datasets from this platform, then they need to hold the RepuX tokens as it is the only way of accessing the RepuX platform. The repux token is a special type of token based on Ethereum standard. How will you buy RepuX tokens? It will be available for sale during the token sale event of the company. Kindly visit https://repux.io/ to know the latest information regarding the token sale and the benefits of buying RepuX tokens.
You can learn more about the reach of the technology as well as the development team behind this initiative on the Website, Bounty Thread, ANN Thread and the Telegram group.