Founded last year, the ReupX Foundation launched RepuX, an Ethernet-based data leverage platform that enables companies to exchange business and user data between parties to improve business efficiency or make better business decisions.
"Data is a driving force in today's digital economy, but a lot of companies do not know how to leverage their data to grow their business," said a company representative. "We use data to help small and medium business- We are looking forward to the release of RepuX, an Ether-supported platform. "
The RepuX platform provides a simple, easy-to-navigate interface that allows small businesses to upload data and list potential use cases, enabling developers to create custom applications that can be purchased and re-sold to small and midsize businesses The company said. RepuX also explained that by assigning reputation scores determined by the buyer to the data set, the data vendor is kept honest.
"The industries that can benefit from platforms and protocols include e-commerce, medical, accounting and IoT," said RepuX development team. For example, e-commerce sellers can share data with developers, and developers can help e-commerce sellers make the most economical purchasing, advertising and marketing decisions.
With the recent announcement of the agreement between RepuX and WorkHQ, it is hoped that potentially millions of WorkHQ clients will be able to access RepuX's platform to help users grow rapidly. WorkHQ is a provider of inventory management software to wholesalers, distributors and retailers, and is expected to have synergies with RepuX in the future.
RepuX intends to launch a Token Generation 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 during the public ICO. The RepuX Token is an ERC23 token, which will be the only method to pay for and sell services on the RepuX platform. RepuX tokens can be purchased during the ICO with a transfer of ETH or BTC as well as via wire transfer for the pre-sale.
Meanwhile, the RepuX protocol will soon be available to developers for integration into new applications.
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