Repux: smart information exchange on the blockchain

The concept of Repux is a transparent decentralized ecosystem where every user could freely buy and sell information.

As you know, information in the modern world is often crucial, but there are problems of interaction between those who have it and those who need it. The developers of the Repux project want to create a secure environment where users will regularly exchange huge amounts of information.

The rating system is especially important on the platform. Since Repux is a decentralized project where there is no form of control exactly the feedback system will become the basis for checking the security of the informant and creating a list of the most reliable users based on their personal rating.

The Repux project will:

• Create a stable, independent, and fully transparent market for information trade.
• Allows you to monitor the validity of data sold by users.
• Turn information into money - it makes it possible to earn and receive the desired information for large organizations as well as independent representatives, individuals.
• Determine the price of services by the market itself.

To implement its development Repux team set the following goals:

• Create a wide bandwidth platform.
• Create a rating system that will build customer confidence and vendor responsibility in a decentralized system.
• Develop an API for the ability to integrate and use the platform in other applications.
• Provide an opportunity to integrate and use Repux in applications based on blockchain technology.
• Create the ability to scale the platform.

The structure of the protocol will be divided into 4 levels:

• Custom programs - third-party projects. For such programs you will need to use the platform API.
• Information store - decentralized Repux infrastructure will store and protect data.
• Logical data processing - this level can be developed on the standard architecture of Ethereum. The creators want to analyze the possibility of using EOS in their project.
• Multi-signatures and cryptographic primitives - provides users with the right to own information as well as its sharing on a par with other customers.

Today the Repux team has specific examples of the operation of its project:

• Improved resale statistics. Owners of online shopping sites in Repux have the opportunity to trade information about the activity of buyers. Due to this, sellers will be able to determine when it will be possible to conduct a resale.
• Application of information from institutions. A scientific institution is a huge treasure of useful data. Very often such information is not used by its owners, but is simply stored within its walls. However, for developers of artificial intelligence this is an incredible interest. For example, training AI using the work of famous artists, poets, musicians, and other outstanding personalities creators can achieve an incredibly high result in their development.
• Help projects that use the neural network model. Today, there are startups that significantly reduce customer spending through the use of AI. Since about 80% of all companies' expenses are the collection and processing of data, artificial intelligence makes it possible to automate this process and save the financial costs of the project. In this case, Repux will become a platform where such startups will be able to process and structure the information they need.

Thanks to Repux everyone can use the desired information in the way that he wants. And for internal payments between users will use its own cryptocurrency (REPUX).

The Repux team took responsibility for solving the most urgent problems in the field of information and business. Constant perfection of new technologies leads to the fact that about 90% of all existing information becomes useless cargo for its owners. Repux will give it a second life and sell it to those who truly need it.

Although the project is not the first one to try to set up a market for information sales, it has quite an impressive potential and opportunities to realize what has been conceived.

To learn more about the details of this project as well as to participate in the purchase of platform tokens (REPUX) visit the official website https://repux.io/ and read the whitepaper: https://repux.io/white-paper.html

The official group in Telegram: https://t.me/repuxicoEN

Also you can find a lot of useful information on the bitcointalk forum where there are active discussions on the project: https://bitcointalk.org/index.php?topic=2613666.new