Hello everybody, today i am going to give you some information about RepuX project.
Life is run on data. Everything we do consists of a process of transferring data from one person to another, from one form to another. Institutions all keep a form of data records to maintain adequate day to day activities. Schools keep records of each student, their grades and their activities, hospitals keep records of all patients, their progress and lack thereof, police station keep records of all the criminals they process and the type or seriousness of the crime. All of these institutions keep all these data because they know the importance of such records.
It is estimated that by the world will be creating about 180 zettabytes of data by the year 2025. If this is the case, data will become a major commodity in the future, to be traded between one entity and another. And that is where REPUX comes in.
The platform will also allow the determination of the reliability of the data and reduce fraud. Because it’s based on blockchain technology, in which data cannot be easily manipulated retroactively, fraudulent tampering of data will be made quite impossible.
Advantages of RepuX
The platform has surely sorted out the problem of both data collectors and data buyers so let's take a look at some benefits they'll be getting from RepuX.
- Presence of both enterprises (sellers) and developers (buyers) at one place.
- No need of intermediaries. Direct transfer between buyers and sellers so the cost that intermediaries took will be cut short.
- Security and trust will be at peak because of the platform being built on blockchain. Frauds will be minimized
- Data buyers will know what exactly they are buying before they pay for it.
- Developers who buy data to enhance their AI-enhanced applications can sell those applications back to enterprises for their benefit.
RepuX Crowdsale
In the RepuX ecosystem, every transaction powered by the REPUX token will be accompanied by a step in which users will be able to give a ”reputation”.Further, a REPUX Token will also be used to vote in the Oracle system used to annul fraudulent transactions. During this process, if a REPUX Token holder manages to vote for the correct outcomes as eventually determined by the Oracle system, he/she will be entitled to a small percentage of transaction fee as the reward.
Please check following links for additional information:
Website: https://repux.io/
Telegram: https://t.me/repuxicoEN
White Paper: https://repux.io/white-paper.html
BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=2613666
BitcoinTalk Bounty: https://bitcointalk.org/index.php?topic=2646302.0
Thank you for reading my blog. This blog was published by bctbuster
My profile: https://bitcointalk.org/index.php?action=profile;u=1851220
My ETH Wallet: 0x292A1E948365cE12Ae67656d83d30378234eda8a
