REPUX - DECENTRALIZED DATA MARKETPLACE

In the corporate world, the data plays a crucial role, as it also contains their personal information which is very vulnerable if leaked. Everyone needs a faithful and secure exchange of data with low investment and in less time. Even transferring a big sized data is very difficult. Thus for being the helping hand to these problems RepuX came in the market, with a hand full of opportunities.

Introduction

RepuX is a protocol; it helps in exchanging fixed data and making it commoditised between different individual partners & corporates. By giving an opportunity for transferring of data between a user using the protocol, it is making the possibility for creation data sharing for all kind of users it has, this kind of protocol doesn't exist in present market space.

RepuX goals & objectives

• RepuX wants to mix the current blockchain technology and bring an effective solution for the problems.
• During the process of designing and development, it desired to maintain a great speed and scalability.
• It aims at developing a user-friendly interface.
• To develop a secure transaction under the RepuX token and maintain the records of it.
• It even aims at developing a highly efficient system, in which data can be monetised between users, developers & collectors.

The working of RepuX

RepuX gives importance to the user data. It works very efficiently, it builds a reputation for each of the transactions & entities which are involved here, and cross-check them with Oracle system. This not only provides safeguard against sincerity but also maintain its best quality of data for purchasing.

Current problem

Every company has lots of data with them in their system and they mostly find it difficult to utilise them for improving their business efficiency and even improving the decision making capability. And there is also the same problem with the developer if they don't get the proper data they can't develop solutions for artificial intelligence & machine learning. All this leads to lack of communication and proper knowledge.

Solution offered by RepuX

RepuX offers a protocol level structure, which supports the function of user data to be monetised and can exchange them between various parties. Repux combines various decentralised technologies such as Ethereum and even make the possibility of getting high efficient output. The most important factor is RepuX develops a localised business for information & data.

Features that RepuX offers its user

RepuX protocol is very potential in providing various opportunities to its user. Some of the opportunities are elaborated in this column

• Big Data

Big data holds a large number of data with them, which can't be processed with old processing application software.

So RepuX helps the companies in managing the data, purchasing the data and RepuX provides all this opportunity with low investment and less time.

• E-commerce & International trade

In the world of digital marketing, publicising the product and company is very important, thus the basic functionalities will be provided at no cost but, it will cost for richer functionalities. And for holding a good market value, advertisers will definitely pay well.

• Credit scoring

This opportunity is totally based on the previous record of one's financial reputation. And most of the companies want to make a strong credit history which will be highly incentive for them.

• Microloans

This gives the liability to borrow loan from the creditors. This is totally based on the borrower's reputation in the RepuX protocol. This opportunity is free of troubles that one creditor and borrower could have.

• Electronics point of sale (EPOS)

In EPOS, RepuX protocol could be applied easily. The purchases which are done in EPOS is get recorded in the blockchain, even it is visible to the public and it removes the chances of being fraud.

A step towards the RepuX token

The token of RepuX is known as 'REPUX'. It is an ERC20 token, which is the only means of carrying transaction for data services in RepuX protocol.

Total supply of REPUX= 500,000,000

1 REPUX: 0, 20 USD

HARD CAP: 33, 100, 000 USD

SOFT CAP: 1, 000, 000 USD

Currencies which are acceptable for buying tokens are BTC, Wire transfer & ETH.

Conclusion

There is so basic necessity in the market for the proper exchange of data and using them in the most effective way. As looking in the present scenario the proposed RepuX protocol plays a huge role in helping the enterprises for exchanging their data which holds terabytes of space in the most efficient way so neither a data is manipulated nor the data are misplaced. Along the enclosure of this column, one can say RepuX is a protocol which is a necessity of present space.

Website: https://repux.io/
ANN Thread: https://bitcointalk.org/index.php?topic=2613666.new
Bounty Thread: https://bitcointalk.org/index.php?topic=2646302.0
Telegram: https://t.me/repuxicoEN

Blog by ollivander7
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