RepuX publishes its white paper outlining its Astraleum-secured platform for small and medium-sized businesses (SMEs) to earn rewards for sharing data on a decentralized network. Developers can use the data provided by SMEs to build distributed applications (Dapps) that can then be sold back to SMEs to grow their businesses. The system for sharing and through the RepuX protocol enabled rewards forms the basis for a new, peer-to-peer, data-sharing ecosystem.
In today's digital economy, data is gold. Software developers need access to the data to build better business applications. RepuX incentivizes SMEs to share data through the tokenization of blockchain technology. Because trust is a Problem in blockchain technology, RepuX can overcome the lack of trust between anonymous players in peer-to-peer networks. In the current data ecosystem, companies are hiring third parties for record verification, which is inefficient and expensive. RepuX fixes this problem associated with subscriber-assigned reputation values records. Reputation incentivizes data seller to be honest and deliver the highest quality records.
Thus, the need for trust between network actors could significantly reduce fraud, while allowing for a range of possible advances in areas such as insurance, international trade, and microcredit. RepuX values user data and bridges the "digital divide" between those who have easy access to machine learning sets and those who do not. Industries and companies that can benefit from applications integrated with the RepuX protocol include, medical records, electronic point of sale "EPOS", credit history, e-commerce and international commerce, advertising and online content, large data, and archival databases, among others ,
RepuX intends to launch a token-generating event (TGE) in early 2018. 300 million RepuX tokens will be offered for sale by RepuX Limited through a pre-sale and the RepuX Foundation will be offered during the public ICO. The RepuX token is an ERC23 token that is the only method to pay and sell services on the RepuX platform. RepuX tokens can be purchased during the ICO with a transfer from the ETH or BTC, as well as by bank transfer for pre-sale.
To schedule an interview, please contact Nikki Brown at Melrose PR; nikki (at) melrosepr (dot) com or by phone at (310) 260-7901.
About RepuX
RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, distributed network. The RepuX platform anonymizes data and maintains quality through reputation values determined by the buyers. Industries that benefit from the RepuX platform include e-commerce, healthcare, accounting, microcredit, and advertising, among others.
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AUTHOR: RGGADI