How is Repux changing the industry of data collection? By monetizing them. No, it’s not a gold digger concept. It is purely and strictly business implementation which makes uses of the unused data. The idea is to sell the data to a good use rather than wasting and discarding it. And this platform is about providing solutions to some of the biggest problems in data collection industry.
Some of the Common Problems
We live in the era of technology, where digital data will leave crumbs of traces and they can actually be harvested. In the health sector, for instance, any activities checking the patients with a certain condition on specific date and time can be analyzed. Or it can also apply in the small business where retailers are dealing with different types of buyers and each of them has their own specific requirements, conditions, and needs. Unfortunately, not many people are paying attention to such dataset – often neglecting and discarding them.
Instead of wasting them, why not make them to a greater use? For developers, such a data collection can be something valuable. They can analyze it, checking for trends and common markers. In the end, they can come up with a certain program or app, which can be beneficial for everyone. And this is how Repux plays an important role: by connecting every party directly in the open platform.
Repux and Its Basic Functions
Repux basically provides a place where data collectors, developers, and end users can be connected to each other. In the past, data collectors might have to deal with the middlemen who bought the data with a low rate. And when these middlemen sold data to the developers, they sold it for a high price. But now, there won’t be middlemen or whatsoever. Everyone is connected to each other straightly and directly, and it seriously affects the price.
Moreover, this platform uses blockchain technology, which means that every activity and transaction will be recorded, preventing frauds and scams. It also uses smart contract so everyone should know their obligations and they can also get their rights fair and square.
Another cool thing about this platform is the rating system. Developers can provide ratings to their data collectors, providing insight of their performance and data quality. Naturally, the more qualified the data is, the better rating the collectors will get. But then again, end users can also provide ratings to developers for their created apps. The handier the app is, the higher the rating will be. It’s a pure take-and-give basis.
Participating in the Development
If you are interested in the concept and you want to help with the platform’s growth and development, you can to take part in the token sale, which will close on 8th of April 2018. So, after reading this article, what do you think about the Repux platform?
