RepuX Launches a Decentralized Data Exchange Platform for Entrepreneurs and Developers, ICO Starts 6.03

RepuX is a protocol level structure on which various types of corporate and user data are monetized and exchanged between different parties. Combining several decentralized cutting edge technologies such as Ethereum / EOS, IPFS, and Sia , as well as possible upgrades to a user-friendly high-performance blockchain, RepuX enables the creation of a highly decentralized data and information market.

RepuX launched a platform supported by Ethereum, which allows entrepreneurs to receive rewards for exchanging data with developers. Repux signed contracts with three pilot companies
(WorkHQ, FungyuCPA, Dascom), which together represent the coverage of millions of small and medium-sized enterprises.

Repux is a market that allows small and medium-sized enterprises to sell anonymized data to developers.

How it works:

Enterprises sell anonymized data and earn Refux tokens. Developers buy data for training machine learning algorithms, and then resell their smart applications back to enterprises for a better business solution

Industries that can benefit from the platform and protocol of RepuX include e-commerce, healthcare, accounting and IoT. For example, an e-commerce merchant can share his data with a developer who can then use it to create data that will ultimately support the e-commerce merchant in making the best economical decisions about buying, advertising, and marketing. More specifically, the developer could build an artificial intelligence system that informs the seller about when to reserve stocks based on size, color or design. Businesses using WorkHQ to manage their resources on Amazon, Shopify and other online platforms will now have access to and can begin optimizing their data today.

Why is RepuX likely to succeed?

According to Harvard Business Review, while artificial intelligence and the revolution of data is apon us, most small and medium enterprises do not have enough data or experience to use the power of machine learning. A market, such as Repux, allows millions of SMEs to have a chance to struggle with similar Amazon, Google and Microsoft.
Although there was an explosion in the amount of data generated by enterprises, NOT all data is useful. In particular, data that does not support certain authorities is often considered unfit for use. Repux has created a rating system and a reputation for solving this problem.

Token Sale:
To raise funds for the current development and deployment of the platform, RepuX decided to conduct a token sale, which begins on March 6 and lasts until April 5.

Website: https://repux.io/
Read the Whitepaper: https://repux.io/assets/repux-whitepaper
Meet the Team: https://repux.io/team.html
Youtube:

Telegram: https://t.me/repuxicoEN

You can also read more there: https://coinidol.com/repux-launches-decentralized-data-sharing-platform-for-smes-and-developers/