Modern computer technologies have been developing incredibly fast. Today we use PCs with capacities which were available only to large research laboratories not so many years ago. Not mentioning data storage devices which now are small boxes - hard disks, USB flash disks. At the beginning of computers’ era, it would take up a territory as large as a football field.
But despite all the achievements, there is a problem. The technologies develop too and data becomes more and more important. Data is being accumulated during user’s or company’s life and can be very useful. For example, it can help to better understand user’s interests, behavioral factors, company’s needs, business processes etc. Data is the second gold now. A lot could be done based on data. Like statistics gathering or promoting and improving your business.
If you hear that there is some data that can help you improve your business, you definitely will be interested in it. We are not talking about confidential information. Of course not. There is a lot of not so secret data which can be rather useful for developers working on projects based on Machine Learning. Data helps projects to understand what will be interesting and useful for business and to create high demand products.
Repux platform
Repux project creates its own platform to form a data market. There are people who need data, people who gather and process it and people ready to provide it. As a result, we get some kind of an ecosystem which is profitable for each member. At the platform, there will be a special system for controlling the reputation of data providers which will be based on their previous deals. Oracle system will control it in order to eliminate the possibility of fraud.
Repux token
Repux token will be a unit of account within the platform. You can buy this token for classic cryptocurrencies like Bitcoin or Ethereum. A remuneration for provided data will be in Repux token.
If you are afraid that the platform will be too difficult for “nontechnical” people - don’t be. It is developed to be convenient and easy to use for any user. The required toolbox and standard protocols like HTTP will be provided.The blockchain technology will be used for tokenization and incoming data encryption. Thus data sources will remain confidential. Transactions will be conducted via Oracle system and also they will be stated in the blockchain.
Growth prospects of the project
Data market is only starting to form but it is already in demand. So widely debated technologies like Machine Learning and Artificial Intelligence are based on data. Besides, data facilitates development of the projects based on these technologies. Repux project has been approved by IT experts and they can’t wait for it to be launched. For regular users, it will be a great opportunity to earn extra money without big efforts.
More information:
Website: https://repux.io
WhitePaper: https://repux.io/white-paper.html
Facebook: https://www.facebook.com/RepuX-415260768888793/
Twitter: https://twitter.com/repu_x
Telegram: https://t.me/repuxicoEN
ANN: https://bitcointalk.org/index.php?topic=2613666.0
YouTube: https://www.youtube.com/channel/UCCcDC1u2aGUUAV108zxC_8Q
Instagram: https://www.instagram.com/repuxio/
Reddit: https://www.reddit.com/r/RepuX/
Author: saycryptohello, bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1336255