Introduction
If you are looking for a platform, which will offer a market, allowing small and medium-sized enterprisers to sell anonymized information to implementers and then reuse it for their services, then here is the platform you should take into consideration - RepuX. The whole system is designed on the blockchain technology basis, ensuring that every transaction would be traced and modifications would be limited, thus decreasing the data fraud and making it safe, decentralized and transparent for all interested persons.
It operates the following way:
- Enterprisers put up for sale anonymized information and get RepuX token, which is the exchange means on the market and the only transaction tool
- Implementers acquire the data to teach machine-learning algorithms
- Further implementers put for resale their artificial intelligence applications to enterprisers for greater business solutions
RepuX Protocol
RepuX is a protocol-level system with diverse kinds of data, which is accumulated and can be traded among enterprisers and implementers. Decentralized technologies, including InterPlanetary File System, Ethereum, Sia and EOS, are incorporated in the protocol. An update to an individual high capacity blockchain is also possible.
The platform focuses on creating a protocol that would simplify the data realization thanks to effective transfers among implementers, collectors and customers. Eventually, it will increase the data validity and credibility too. By utilizing the protocol, customers would manage to transmit data from peer-to-peer or application implementers and obtain RepuX tokens instead. Implementers would be able to apply the information to work out services and products, which will be further sent to final customers in diverse industries.
RepuX guarantees integrity in the platform protocol and offers customers a climate of trust and information quality in the provided content. Its primary objective is to construct a rapid, reliable and transparent platform for data transferring, which could be combined with a majority of diverse applications performed by external persons to be utilized in multiple industries.
RepuX Purposes Are:
- to focus on creating data markets for different types of information, which will offer the interested persons the possibility to place that information among the RepuX interested buyers;
- to develop a high capacity structure to monetize data straight to implementers, collectors and customers;
- to combine the protocol with current blockchain technology, whilst making up individual solutions in separate cases;
- to acquire a trustworthy reputation infrastructure in the framework of RepuX token deals, thus giving the users the opportunity to apply a half-permanent record during a mutual transaction;
- to work out an easy-to-handle application programming interface to establish such markets, which will assist external developers in creating a number of diverse applications taking into account the RepuX protocol;
- to keep the speed and expansion capacities as first and foremost within the elaboration and planning of the RepuX protocol.
Protocol Layers
RepuX Token Application
RepuX plans to issue its tokens, which will present the only accessible currency in the platform. The platform would enable customers to estimate one another upon every transaction made. In such a way, buyers will manage to create a reliable credit history in the system.
Repux platform is also a place for enterprises, which can introduce new strategies and verify constant views and public response to their rendered services and products.
RepuX blockchain protocol
Conclusion
It will be much easier, if certain data reaches the right person and at decent time. Different initial coin offerings seek to provide a data marketplace, which will facilitate the whole process of investing money and gain good profit. RepuX is one of them. It aims to create a trustworthy data transfer protocol with high productivity, which will integrate with a broad spectrum of diverse applications worked out by external persons to be used by multiple industries.
Authored By: x0r2