ICO RepuX - platform for data trading
ICO RepuX - platform for data trading - https://repux.io/
RepuX is a protocol-level framework on which a variety of invariant data can be modeled and interchanged between different enterprise and individual users. The ability to upgrade a dedicated service together with multiple advanced decentralized technologies such as IPFS, Sia and Ethereum / EOS is a highly efficient block of chains. By creating and allowing direct value and data transfers from peers using the protocol, RepuX provides individual and corporate users who are not in the current market and data sharing facilities to collect data. This direct and rapid transfer of value through the REPUX signatories will create value for data creators, including individuals, thereby eliminating the need for intermediaries and intermediaries in multiple sectors
I would like to talk a bit about Repux, that CryptoCurrency plans to be a market data, supported by blockchain, which will enable its phase ICO to sell the anonymous developers data obtained in response to the Kobi Repux markers.
The goal of the developers to buy the data is to train the Machine Learning algorithms and sell their applications to make better business decisions for the companies.
RepuX platform
Repux is a platform for data trading. The database is designed for data collectors, developers and consumers. The protocol is an information storage with high capacity. The platform is built on the basis of Blockchain, which guarantees the transparency of all operations. The developers are confident that in the future, the monetization of data will bring profit to individuals and companies. The platform will allow to conduct operations between users of the site, and all this will be realized without intermediaries.
Repux is a platform that has been created for exchange on a monetary basis by large amounts of information
The XXI century is the century when artificial intelligence began to spread rapidly throughout the whole planet. Researchers came to the conclusion that the machine is able to think the same way as a person and solve creative problems. But for this it needs to be trained. This is exactly the same as the development of a person: a child, meeting with the outside world, absorbs information, processes it and eventually learns.
But artificial intelligence is not developed for general development, but for specific purposes. Even before the "thinking" machine, a person poses a specific task. And it is necessary to conduct training for it. For example, the technique used in the medical field requires data on the diseases, statistics and methods of their treatment, the peculiarities of the course of illnesses.
This is a very large amount of information, which the developers of artificial intelligence often do not. But they are in medical institutions, through which thousands of patients go every year. For decades they collect statistics of patients and diagnoses. But the data remains unclaimed, since they do not have a direct relationship to the day-to-day work of the clinic. As a result, medical institutions are forced either to use precious technical resources to store unnecessary information to them, or to delete it.
Goal
We expect that the monetization of data will be the main source of profit for individuals and legal entities in the near future. According to experts' forecasts, by 2025 the total amount of information in the world will reach 180 zettabytes (180 trillion gigabytes), for comparison, in 2015 this figure was 10 zettabytes.
Problem:
According to the question, gold in the modern digital economy. Small and large enterprises rely on data to access targeted support, product development and business development, but large data sets will take time. In addition, small and medium-sized enterprises (SMEs) do not have access to a dataset such as Amazon, Google and Facebook. On the other hand, SMEs tend to prefer a data set that is smaller, and is particularly useful for developers and other companies, but in the modern digital economy there is no mechanism that is safe and effective for monetization in exchange for their information.
Decision:
Thrust of SMEs (medium enterprises) to exchange data with developers through the use of the RepuX price tag. Developers and other interested parties can be assured of the quality of the RepuX data collection platform, because of the reputation rating determined by the buyer's data, and we can give a reputation in every country and every transaction and verification in the system, we can guarantee the integrity of the protocol and the quality of the data that customers buy.
Benefits
Data that can be created on the Internet indicate parameters about what everyone is looking for on the Internet, how we interact in a network that an enterprise can group these data to find a solution in the market for users who have actively requested a product or services, it's just awesome!
Having a huge set of data that can actually be very complex and do not have the tools necessary to develop solutions and interact people online can be a challenge! But not for Repux! The company will allow small and medium-sized enterprises to sell this set of data developers just to combine a lot of data and provide solutions in the network.
How does it work
The structure of the Repux protocol is divided into 4 levels.
At the first stage there are user applications. The creation of such software is the competence of third-party developers. Relative to Repux, this is a third-party development, for their creation requires the API platform.
The second layer is the data access layer, located on Repux. This information is stored using a decentralized infrastructure, which ensures their security.
The third layer provides logical processing of information. It can be built outside the classical Ethereum architecture. One of the goals of Repux developers is to check whether it is possible to use EOS (a configurable Blokchain infrastructure) within the project.
The last, fourth level contains multi-signatures and other cryptographic primitives. Thanks to them, the right of ownership of users to information and its joint application by several clients is realized.
Already, the creators of Repux offer specific examples of the application of their product:
Improved repeat sales statistics. On Repux, owners of sites for online trading can sell information about the activity of users who have made purchases. Based on this information, sellers can determine, how many days after the purchase is best to send coupons for re-sale.
Use of these scientific institutions. Scientific institutions are a storehouse of useful information. It is not used by institutions, but is of interest to creators of artificial intelligence. By training it with the help of paintings by artists of the past, developers achieve significant results in a short time.
Assistance to companies using neural network models. Already today there are start-ups that reduce the costs of their customers with the help of artificial intelligence. 75-80% of their expenditure is the collection of information. Using Repux, they can immediately receive the necessary information and process structured volumes of data.
ICO Details
The time for conducting - 6.03.2018-5.04.2018;
The number of tokens sold is 30,000,000;
The cost of the coin is $ 0.2;
HardCap - $ 33.1 million;
SoftCap - $ 1,000,000;
Accepted currencies - Ethereum, Bitcoin, bank payments;
After completing the ICO, unsold tokens are burned.
Conclusion
ICO Repux is an interesting token that you should pay attention to. The development team took up solving one of the most pressing problems of modern business. When searching for and improving new technologies, 90% of information is unnecessary and stored, not bringing benefits. Thanks to Repux, companies will be able to sell it and get additional profit.
Accepted money
Tokens Supported wallets for sale include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parite, ImToken, Ledger, Trezor and others.
Web Site: https://repux.io/
Technical Review: https://repux.io/white-paper.html
Twitter: https://twitter.com/repu_x
Facebook: https://www.facebook.com/RepuX-415260768888793/
Telegram: https://t.me/repuxicoEN
Reddit: https://www.reddit.com/r/RepuX/
Blog: https://blog.repux.io/
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