“With too little data, you won’t be able to make any conclusions that you trust. With loads of data you will find relationships that aren’t real… Big data isn’t about bits, it’s about talent.”
Big Data
Big data is a term that describes the large volume of data — both structured and unstructured — that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters. Big data can be analyzed for insights that lead to better decisions and strategic business moves.
Why big data is important?
The importance of big data doesn’t revolve around how much data you have, but what you do with it. You can take data from any source and analyze it to find answers that enable
Cost reductions
Time reductions
New product development and optimized offerings, and
Smart decision making. When you combine big data with high-powered analytics, you can accomplish business-related tasks such as:
Determining root causes of failures, issues and defects in near-real time.
Generating coupons at the point of sale based on the customer’s buying habits.
Recalculating entire risk portfolios in minutes.
Detecting fraudulent behavior before it affects your organization.
Needless to say that today when the major economies and the corporate world consider data as their backbone, backing up of data is crucial when it comes to its protection and usage. Data is the most critical resources that we possess and it is critical to keep it protected and from falling in wrong hands. Prevention of data hacking has been one of the tedious jobs in the online world, and a robust and solid solution for safeguarding our data is of paramount importance. To counter this mammoth problem, RepuX has emerged as a savior and one stop solution, with distant vision and great opportunities.
What is RepuX?
“RepuX will allow for data sharing and value creation opportunities among data collectors, application developers and data users which do not exist in the current marketplace”
RepuX is a multilayered framework of protocol level. A noble idea and a worthy platform which projects to monetize the data of corporate world and its users. RepuX is a platform which amps up the creation of an efficiently decentralized marketplace which is suitable for data and information. Repux team plans to construct a high-quality system where data can be shared between developers, users, and collectors. We cannot close our eyes on the fact that a few mouse clicks here and there and a few alteration in the numbers can mess with the accuracy of data readout permanently. Therefore it’s been a temptation with hackers and online fraudsters to manipulate with it and as a result it has dented and ravaged the data industry mercilessly.
But in such dark scenario Rupex stands tall, ensures the elimination of any middleman involvement, and safeguards sensitive data readout files from reaching any compromised locations. Instead, data transfers and sales transactions are done directly, through a Peer-to-Peer connection. The only people privileged to access these sensitive data are the data owner and the client.
This platform boasts of very advanced and agile cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, mixed with a possible upgrade to a custom high-throughput block-chain. With the help of RepuX Protocol, data collectors could transfer data to application developers and data users while exchanging the RepuX Token in return.
RepuX Protocol’s Goal And Objectives:
To develop a high customize system to transfer data can be directly among collectors, developers, and users.
To allow the users to apply a semi-permanent record in a mutual transaction, the developers aim to build secure RepuX token transaction.
To develop a program that will allow the third-party developers to create their own application.
To build the protocol this will provide high speed and clarity transactions.
RepuX Technology
The application layer is at the top of the RepuX Protocol. This front-facing layer consists of various decentralized applications, or Dapps, that third-party application developers can build on top of the existing RepuX API infrastructure.
The next layer of the RepuX Protocol is the data layer. This layer consists of all the data that can be purchased and sold within RepuX. By storing the data layer within a decentralized infrastructure such as IPFS, StorJ8 or Sia, it not only ensure the existence of the data, but also ensure that the data is stored in a decentralized fashion. Data ownership, sharing, security and privacy preferences can be actualized using multi-signature cryptographic primitives native to the blockchain, to ensure data be redundantly secured on chain and also seen and utilized only by preferred parties.
In order to handle transactions occurring on the data layer, there is a decentralized logic layer. This layer could be built on top of the existing Ethereum infrastructure.
In order to ensure user data is stored in a decentralized fashion, RepuX uses a number of different technologies. RepuX Protocol uses IPFS in order to maintain the database of data referenced by hashes in logic layer and APIs. By using IPFS, RepuX not only ensure the decentralized nature of our data but also ensure that the data is permanent through IPFS hashes.
Get More Details : https://repux.io/
Chat with Team : https://t.me/repuxicoEN
ANN : https://bitcointalk.org/index.php?topic=2613666.0
PUBLISHED BY
NEERAJ PODDAR
Address : 0x65587ce30e145EDa20a882d712A70179046DC9Fc