Data and its Significance
Data is everything. Data plus the ability to execute on that data gave Amazon and continues to give Amazon its edge in the marketplace. Data gives Google and Facebook their immense power, providing potential users with the ability to reach their intended audience with the data that they’ve collected over the years. Bytes and Bits, it’s all data. The more specific and targeted the data for specific use cases the better it is and the more value it has. The blockchain itself is powerful due to its ability to process data in a novel and innovative way, methods like layer 2 and sharding allow for potential scaling and better processing. Data is a powerful thing, and people are catching on.
RepuX understands this fundamental notion, and they are seeking to tap into the power of the blockchain to decentralize the data gathering and distribution sector. The company will be launching an Ethereum-backed platform for small and medium-sized enterprises. They are looking to give these small and medium-sized enterprises the ability upload and sell their data to other users in the network.
This is a powerful concept because it means that the company is creating an environment of exchange for data. Data that was, in the past, locked up, waiting to be utilized by other interested parties. The company will have a mechanism to encrypt the data and distribute it safely across the world using the concept of InterPlanetary File System, a protocol and a network that is created in a way to make a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system.
The RepuX Solution
Who is the market for the Small and Medium Sized Enterprises?
These SMEs will be able to sell the data to a variety of interested people, but the core interested parties will be developers, as they need to utilize the data for various applications, especially for the creation of DAPPS. DAPPS are decentralized applications, a revolutionary way of running the world. Block Geeks states that these distributed, resilient, transparent and incentivized applications will prove themselves to the world by remapping the technological landscape.
The developers will utilize the data for their applications and then sell it back to other small businesses, helping them to step into the new world via DAPPS, increasing productivity and output.
The aspect of trust and transparency will be made possible by the concept of reputation scores; these scores will help to serve as checks and balances, making certain that buyers of the product will be able to receive quality data.
The platform that Repux will provide will allow for the creation of a foundation for the exchange of data between developers and small businesses, providing a benefit for all parties involved.
Developers can streamline the process by utilizing the data and catering it toward SMEs providing business solutions that will help to optimize business operations that were, otherwise not present.
There is certainly competition in this field, the competitor Datawallet, has a whitelist pre-sale coming soon.
Datawallet is introducing the Datawallet API, the first hub for developers building AI driven applications centered around personal data.
Marc Benioff, CEO of Salesforce, and Tim Draper are investors in DataWallet.
20 years in IT in total. 12 years background in programming.
Big Data enthusiast having in-depth knowledge of Business intelligence and Data Warehouse systems.
Ten years of experience in SaaS industry with marketing, sales, and product development. Six years of experience in e-commerce, built country’s most significant brand and expanded it to India & Turkish market.
DR. JAY BEST
Dr. Jay Best is a cryptocurrency pioneer and visionary with an affiliation to MIT and Cambridge University where he lectures. He is a strategic advisor to the Repux project and was named the top Crypto Strategist in the UK In 2017.
Doug is the co-creator of VeriCoin and a highly respected researcher in the blockchain community. He is also the lead developer of a novel protein design software library and a co-inventor of an influenza discovery process, for which he holds a patent. Doug has published numerous scientific papers in peer-reviewed journals and is a crucial advisor to RepuX.
Total Supply – 500,000,0000.
REPUX tokens: 1 REPUX = 0.20 USD.
Hard cap: 33,100,000 USD, Soft cap: 1,000,000 USD.
The pre-sale of the RPX token will be from 17th November 2017 / 2 pm UTC to 23rd January 2018 / 2 pm UTC.
Their Initial Coin Offering start date will be on February 6, 2018, and will end on March 9, 2018.