RepuX - Knowledge Is Power
Information is considered one of the most valuable resources, but one cannot always find immediately effective application of information. More than 90% of the information available to various enterprises, research centers, medical and educational institutions, is unclaimed. At the same time, it is becoming increasingly difficult to store data volumes that grow in geometric progression.
The RepuX project is designed to not only solve the problem of storing and exchanging information, but also to provide an opportunity to generate revenue from the sale of unnecessary data.
The blockchain technology has increased the speed of data exchange, and many business processes, not even related to fintech, are transferred to crypto algorithms. RepuX Platform is built on the Ethereum blockchain, it is a universal platform for data exchange and transfer.
High capacity allows you to process large amounts of information, while blockchain provides protection for users' property rights. Sellers can safely post the information they offer, and the buyer will have the opportunity to make sure that this is exactly the information that he needs, before transferring money.
More information on how the platform works can be found in the official video:
Specific models of the use of the RepuX product are already being proposed:
Sale of statistics of buyers' actions on trading floors on the Internet. Different online stores can sell data about purchases and views to other services that are not their direct competitors.
Sale of unclaimed scientific research data. Research institutes and research centers can sell their studies, programs which have been closed to various enterprises and other scientific centers.
Sale of information to companies that actively use AI in their work. Large amounts of data are needed for the effective functioning of automated systems. Independent collection can take a lot of time, and it will be more effective to purchase unclaimed information from other organizations.
The team of developers of RepuX is headed by Dr. Jay Best and Douglas Pike.
Best is one of the first cryptoevangelists who have lectured on the topic of blockchain at the Massachusetts Institute of Technology and Cambridge. He was named the bestcrypto expert of Great Britain in 2017.
Pike is co-founder of VeriCoin and a blockchain expert. He has extensive experience in research and development, has developed unique programs for the study of proteins and detection of the influenza virus.
.png)
The idea of creating a platform for trade in information with absolute protection of rights is interesting and promising. In addition, the share of developers from the sale of tokens on the ICO will be frozen for 2 years, which indicates the seriousness of the intentions of the team and the long-term plans.
Organizers do not seek funds in any way, a high threshold of $ 30,000 on pre-sale means that the company is looking for serious partners who, in turn, will not invest in the first startup. The ability to convince large investors of the viability of a business venture counts in favor for RepuX.
Excellent informative article!
With such a high percentage of untapped information is it possible that it is just too much for a human to ever process? Is AI the answer to do the quick-sort. I read and read yet feel so behind in everything knowledge related.
Interesting - thanks I will do some more research
This post has been resteemed by @talhadogan thanks to: @meninblock
You got a 1.20% upvote from @postpromoter courtesy of @meninblock!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
You got a 1.28% upvote from @buildawhale courtesy of @meninblock!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
Buen post
You got a 6.48% upvote from @upmyvote courtesy of @meninblock!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
This post has received gratitude of 2.02 % from @appreciator thanks to: @meninblock.
Congratulations @meninblock! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP