RepuX ICO (REPUX)

What Is RepuX

RepuX is a protocol level framework upon which various types of immutable data can be commoditised and exchanged between different corporate and individual user parties.

Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain.

By creating and allowing for value and data transfers directly between peers utilising the protocol, RepuX allows for the creation data sharing possibilities for individual and corporate user and aggregate data, which do not exist in the current marketplace.

This direct and rapid value transfer through the REPUX token will allow for the creation of value for data creators, including individuals and thereby eliminate the need for middlemen and intermediaries across multiple industries.

The problem

Enterprises have terabytes of data stored within their systems and have trouble using this for better business decision making or improved business efficiencies. Developers lack data to develop machine learning and artificial intelligence solutions and most importantly enterprise customers to sell back to. There’s a lot of value trapped within this disconnect.

The solution

RepuX is a protocol level framework upon which various types of corporate and user data can be monetized and exchanged between different parties. Combining multiple cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput block-chain, RepuX allows the creation of a highly decentralized marketplace for data and information.

Technology

An API will enable these marketplaces to be developed by 3rd parties to suit their specific niche. By conducting value and data transfers directly between peers in the protocol, RepuX allows the creation of various B2B (business to business) data sharing possibilities for excess user and corporate aggregate data, that does not exist in the current market. This direct and rapid value transfer through the RepuX token will eliminate the need for middlemen and intermediaries across multiple industries. With machine learning, big data and AI becoming more reliant on large-scale aggregate data, RepuX is well poised to take advantage of this and drive innovation in these respective fields.

How it works

By optionally allocating a reputation behind each entity and each transaction, and verified by an oracle system, we can ensure an integrity within the protocol and allow actors greater confidence in not only the presence but also quality of the data they are purchasing. With the RepuX, we hope to bring back value to user data.