Bet You Didn’t Know This About Data!

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1. Data volumes have dramatically increased over the years! Only in the past two years, more data has been created than in the entire human history!
2. By the year 2020 7 MB of data will be generated every second for every human on the planet!
3. Also, by 2020, the entire digital universe of data will grow to a total 44 ZB (zettabytes)
4. On Google alone, we currently register 40 000 search queries every second that sum up to 1.2 trillion searches every year.
5. The social network app, Facebook, recorded in August 2015 1 billion concurrent users.
6. Also, in 2015, 1 trillion photos were taken and shared online. 80% of these photos are made with the help of our smartphones and smart devices.

The most staggering fact is, that out of all this data, only about 5% is being analyzed at all, just imagine the untapped potential and business opportunities lying within these collected heaps of data. Using blockchain, however, might unlock the hidden potential of these large amounts of data.

Repux: a platform to monetize data from small and medium enterprises!

The Repux platform envisions a bridge platform that facilitates the monetization of data through transparent transfers between data brokers, developers, and consumers that also ensures data accuracy and oversees the entire operation through a proprietary reputation system based on the blockchain technology. The Repux token aims to become the staple cryptocurrency in the data brokerage market. The primary objectives that the Repux network has to tackle with would have to be the following:

• The development of a high throughput system where data can be brokered directly
• Create a reliable reputation system through the RepuX token transactions
• User-friendly applications and APIs that enable developers to build on top of the Repux Protocol
• Develop a scalable and high-speed architecture that can sustain research and development
• Create a blockchain agnostic infrastructure that allows network interoperability

Basically, the Repux network is a protocol layer framework on which various data structures can be treated as a commodity and sold to developers, users or organizations who want to build actionable insights or data products. The ecosystem will employ machine learning algorithms big data and AI systems to aggregate data and further improve the platform as a whole.

Based on the ERC20 architecture, users will be able to completely trust the Repux protocol as every transaction will be registered through a Smart Contract. This feature ensures that both parties uphold their responsibilities as the decentralized system enforces them.

The total number of Repux Tokens is 500 million. The token sale event starts on the 6th of March 2018 up until the 5th of April 2018. The team aims to fulfill a soft cap of 1 000 000 USD and a hard cap of 33 100 000 USD. The accepted currencies are ETH, BTC and Wire Transferable Funds. So, if you are interested in joining this revolutionary data network head over to: ANN/Bounty Thread and Telegram group.