RepuX - A Decentralized Protocol that Enhance the usability of Data for Machine Learning

Today we find ourselves in the midst of massive consumption of big data use. The number of companies, organizations, and established institution currently utilizing big data solutions has exploded in recent years, as has the quantity of information collected. Some estimates place the full amount of data generated day by day at 2.5 quintillion bytes! Such numbers are tough to grasp, and nevertheless, organizations are thirstily adopting big data analytics for their formidable goals. As a result, vital changes are happening — some are obvious whereas others are below the surface. We’re just commencing to see however revolutionary big data is, and because it really takes off across the world, we are able to expect even a lot of changes on the in the word.

Data offer New Business Opportunities

Organizations were among the primary to envision the big potential of big data analytics. The utilization of big data in business is evident . Enhancements that present itself through big data typically happen within the variety of a lot of economical operations, higher understanding of consumer behavior, improved management, and — most significantly for customers — new innovative products. We are already see the results of big data adoption among firms in certain used cases. For instance, Walmart has improved the web searching user shopping experience with a search engine driven by machine learning and text analysis.

The RepuX protocol uses a range of decentralized blockchain technologies, such as interplanetary File System (or IPFS), Sia, Ethereum, EOS involves a switch to a high-throughput block. By providing transactions of data and values between the parties to the transaction, RepuX offers the chance to share data for developers, client and data suppliers. Up to now there's no such solution within the current market. The RepuX protocol can provide data producers the chance to supply extra value for these data by transferring them on to consumers in several industries, eliminating the necessity for intermediaries
The goal of the project is to form a secure data exchange protocol with high capability, which might be integrated into a range of applications developed by third parties to use these applications in various industries.
How will RepuX work? Let's see:

The application layer is a top priority of the RepuX protocol. This level consists of varied decentralized applications or DApps, created by third-party developers as add-on to the RepuX API infrastructure. This construction will function and serve as a service that enables people and legal entities to sell data on the utilization of social networks in exchange for access to the site.
The second layer of the Repux protocol is the information access layer. This level consists of these data that may be purchased or sold using the protocol. By storing these data within a decentralized infrastructure, not solely the supply of the data itself is ensured, also their storage is decentralized form. Possession of data, their joint use, their security and privacy settings are supported by cryptographic primitives and multi-signatures within the block system, which provides redundancy of data in the chain of blocks, similarly as access to their viewing and use just for the parties to the group action.
To method transactions at the information level, a localized logical layer is employed.
Based on the RepuX protocol, a value level has been created that feeds the higher layers and guarantees that users are rewarded for his or her activity within the protocol. Repux tokens are created so that users can exchange values with each other to acquire or sell data, product or services.
The cost of tokens are determined by their relevancy once paying for services regarding data transactions. So, the additional tokens you've got, the broader your opportunities for sharing data. This principle ensures the distribution of access to the data warehouse based supported the block system and provides the demand for tokens, which guarantees the use of data.
Potential Opportunities for RepuX Protocol
• Archival databases
• Big Data
• Advertising and content of websitess
• E-commerce
• International trade
• Credit rating
• Microcredits
• Medical records, etc.
The protocol will expand the chances for planning and additional economic analysis of evaluation of event in every of those profitable areas.

RepuX's vision and objectives
We have a vision to boost the reputation of data security and credibility. Bring new life to the requirement and data transfer system by making a secure protocol between those that generate, collect and use data; this is often to deliver substantive results for your business. Exploitation the protocol we've got created, knowledge makers will simply access this knowledge to finish users and app users with Token RepuX.

We will conjointly make Token RepuX, which will be used as a tool for numerous transactions in various industries, and may be used for purchase or replacement of products and services. In the process, as the reputation and usage of the RepuX protocols will increase, the values will also increase and we will add additional value to it.

Challenges

Startup and big corporations rely on data access to their target client, product development and business development, however, an outsized collection of data sets takes time. Additionally, small and medium enterprises (SMEs) don't have access to similar datasets as Amazon, Google, Walmart, and Facebook.
Moreso, startup typically like smaller and more specialized data sets that may be helpful for developers and other firms, however in modern digital economies there's no safe and effective mechanism to commercialize their data exchange.

RepuX Offers Scalable Solutions to Startup and Big Corporation
RepuX encourage startup to share data with developers through the utilization of the RepuX token token. Developers and other stakeholders will rely on quality and standard of the RepuX data platform, since the rating reputation is set by the buyer's data and that we will give a reputation for each entity and each group transaction and verification by the Oracle system, we are able to make sure the integrity of the protocol and provides a lot of confidence to the user and the standard of data they purchase.

Sales RepuX Token

Pre-sales: From 17 November 2017 to 23 Jan 2018.
Primary sales: From 6 February 2018 to 9 March 2018.

50% of token received from the nitial sale. Remember, only a hundred million
RepuX tokens are oversubscribed within the pre-sale stage.

Distribution of Project sections is as follows.

20% it'll be sold during pre-sale.
30% will be sold on main sales.
10% Reserved for prize pool.
23% will be sold on platform.
12% Developer are a member of the team.
3% Ambassadors
2% Token Sale bounties
Sales Promotion method Token rewards