Repux ICO bringing big data and developers together

in #repux7 years ago


If you are a developer you know the importance of getting a large amount of data when undergoing machine learning. But even if analyzing data to find problems in systems to create solutions you still need access to the data in the first place.

In the same way companies often have problems in their systems and would like things developed but due to budget restraints often can't, even if they recognise huge cost savings. This is where Repux comes in as it utilises the sale of data from enterprise ventures to developers using its tokens. Then the developers come up with solutions, use it for machine learning and then sell the solutions and software back to the enterprise businesses using tokens.

As a token investor you are not only buying into a cycle of constant payments and developments but also the limited supply will drive up the value of the token over time.

The big question I have been asked is will this or can it work? The answer to this is yes as I have spent years working with large corporations that often have huge amounts of data and problems within it. Yet lack the funding to bring in external developers. However in this scenario they could sell the data to the developers who could then come up with the solutions and then sell it back to the same companies. As the developers struggle to create such solutions without good access to data. In essence it is a system that not only evolves over time but will grow. As you are likely to find companies actually prompting developers for solutions they would buy if they had them. Along with developers finding problems in companies that the companies didn't even realise were there.

Ultimately this cycle of buying and selling will continue long-term as every time a company changes there will be new processes, actions and software developments required giving a constant feed of work to the developers out there.

Website - http://bit.ly/2DNy0g1
WhitePaper - https://repux.io/white-paper.html

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