How Easy Can Data Sharing Be With RepuX
How Doee RepuX Work?
RepuX provides a host of solutions to the problems that exists with the data acquiring sector present in the world today, this problems are solved by the combination of cutting edge technology and critical thinking.
Photo by Startup Stock Photos from Pexels
In order to deliver an economical, reliable, fast and lasting solution, RepuX in its arsenal is equipped with three major weapons namely:
- Blockchain
- Artificial intelligence and Machine Learning
- Feedback System
- Transparency
Blockchain: RepuX is a smart protocol that utilizes blockchain technology to maximum effect; this is done by combining technologies from different blockchains like Ethereum, EOS, Sia and IPFS. This blockchains as standalones are revolutionary in their uses but by combining them to this effect, RepuX is going a step further to make sure the platform is 100% secure, has better flexibility in application designs, is equipped with faster transaction speeds and many more features to create an "hybrid-like" platform that functions at optimal efficiency.
Artificial intelligence and Machine Learning: Data creation is a process that never stops as new data is created instantaneously as time flies. Collection and processing of this raw and bulk data can be a challenging task, which is why large companies utilize Artificial intelligence in these aspects. The RepuX platform however combines a mix of AI with blockchain technology to create this protocol that is capable of utilizing this data to full effect.
Feedback System: A feedback system that is unbiased and cannot be manipulated is one of the tools that RepuX is using to ensure the little guys are not left out by the influential and already reputable top guys in the data business. People are generally inclined to buy from larger businesses or enterprises as compared to their smaller counterparts based on reputation and presumed authenticity of their products.
Transparency: RepuX Protocol based on the blockchain which is a public decentralized ledger that keeps records of every data, information or transaction in nodes known as blocks, with this every transaction carried out on the RepuX platform is tamper-proof and its details cannot be changed. The same goes for data uploaded unto the RepuX protocol which are immune to tampering or cheating the uploaders because every action of such is visibly and recorded on the blockchain.
With the RepuX protocol, a rating and reputation system has being embedded to give feedback based on authenticity of the data and thus creating a level playing field for everyone involved either big or small
Example Use Case: The scenario
Mr. William is a Nigerian based application developer who wants to develop a customized diet and workout application targeting the West African smart phone users. He registers unto the RepuX protocol where he finds two set of sellers of the data required for his project; There is Apple a world giant in the smartphone and techn industry but only controls a small fraction of the west African market, and there is Tecno which is not quite as big as Apple globally but is a major player in the West African smartphone market.
What He does?
William from his observations discovers Tecno has gathered more of the needed information as compared to apple, he then uses the feedback and rating system to verify the data Tecno is selling and then if he is satisfied with the feedbacks, he purchases the data with RepuX tokens.
After developing the application he can then decide to either monetize it by himself or to sell it back to the mobile phone giants, in exchange for RepuX tokens.
Who wins?
The company (Tecno) is able to monetize data that is previously useless and would have otherwise been discarded, while Mr. Williams has successfully developed an application which would have otherwise been impossible without the data he bought from Tecno. I believe it’s safe to say everybody won.
Next I will be going into the personal reasons why I think RepuX will be a good investment.
Join the RepuX telegram group https://t.me/repuxicoEN to get involved in the conversation and also visit the official website https://repux.io/ and ANN thread https://bitcointalk.org/index.php?topic=2613666.0 for more information about the project and token sale.
If you like my article and the information it provides please kindly upvote and share with your friends/followers, I will also be responding to your comments so feel free to leave them below. Cheers
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1556229
Comments
Post a Comment