Info Tech: RepuX-Future Data Exchange Based on Blockchain

Repux is a protocol level framework (the “RepuX Protocol”) on which various types of immutable data can be commoditized and exchanged among different corporate and individual collectors, developers and users. The RepuX Protocol combines multiple decentralized technologies such as InterPlanetary File System (or IPFS)2, Sia3, Ethereum4, EOS5, and offers the potential to upgrade to a custom high-throughput blockchain.By facilitating the transfer of data and value between peers, the RepuX Protocol creates data sharing possibilities among data collectors, application developers and data users which do not exist in the current marketplace. The RepuX Protocol provides the opportunity to data producers to create value in their data through facilitating the provision of this data to users in multiple industries, while eliminating the need for intermediaries in this process.

With the development of the RepuX Protocol, RepuX is well poised to take advantage of the reliance of machine learning, big data and artificial intelligence on large-scale aggregate data and to drive innovation in these respective fields. By evaluating the reliability of each entity and each transaction with respect to the data, and with verification by an Oracle system, we can ensure integrity within the RepuX Protocol and provide data users with greater confidence in the content and quality of the data they are purchasing.

Our Vission is to create a protocol which facilitates the monetization of data through efficient transfers between collectors, developers and users that will also allow the evaluation of data reliability and reputation over time. Through our RepuX Protocol, data collectors could transfer data to data users or to application developers in exchange for RepuX Tokens. Developers could build upon the RepuX Protocol, and use data transferred by collectors to generate products and services which could then be transferred to end users in various industries, in exchange for RepuX Tokens. With the RepuX Protocol, we hope to bring additional value to data.

Technology
An API will enable these marketplaces to be developed by 3rd parties to suit their specific niche. By conducting value and data transfers directly between peers in the protocol, RepuX allows the creation of various B2B (business to business) data sharing possibilities for excess user and corporate aggregate data, that does not exist in the current market. This direct and rapid value transfer through the RepuX token will eliminate the need for middlemen and intermediaries across multiple industries. With machine learning, big data and AI becoming more reliant on large-scale aggregate data, RepuX is well poised to take advantage of this and drive innovation in these respective fields.

Our Goals and objectives for the RepuX Protocol are as follows:

To develop a high throughput system whereby data can be monetized directly between collectors, developers and users;
To build a secure reputation infrastructure within RepuX Token transactions that allows users to apply a semi-permanent record in a mutual transaction;
To develop easy-to-use application programming interfaces (or APIs) that enable third-party developers to build upon our RepuX Protocol to create a variety of different applications;
To maintain scalability and speed as high priorities during RepuX Protocol design and development; and
To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in certain cases.

Problem
Companies have terabytes of data stored in their systems and have problems in using these better business decisions or improving business efficiency. Developers lack the data to develop machine learning and artificial intelligence solutions and most importantly is the company’s customers to resell. There are many values stuck in this disconnect.

The solution
RepuX is a protocol level framework where various types of corporate and user data can be monetized and exchanged between different parties. Combining some of the leading decentralization technologies such as IPFS, Sia and Ethereal / EOS, together with the possibility of upgrading to a custom high-throughput block chain, RepuX enables the creation of a highly decentralized data and information market.

What is IPFS?
The InterPlanetary File System (or IPFS) is a protocol designed to create a permanent and decentralized file storage and sharing method. This is an easily accessible hypermedia peer-to-peer distribution protocol. Nodes in the IPFS network form a distributed file system. IPFS handles content pieces with a unique “hash”. IPFS enables the creation of fully decentralized technology that can connect all computing devices in the same fiile system. IPFS is similar to how little swarm exchanges exchange information, in a decentralized and organized manner.

IPFS has the following features:

It defines the content file system addressing;
It coordinates the delivery of content;
It has a file system and mounting;
It can be accessed through common protocols such as HTTP;
This ensures integrity through a hash-handled content system
Connection can occur through multiple network protocols;
There is no central point of failure; and
This enables additional functionality through systems like Filecoin.

How does Token Sale work?
Token sales will run for a period of 31 days from 6 March 2018 to 5 April 2018. The round will continue until the 33.1 million USD limit is hit or the last round will end. During Repo Selling Token can be purchased in return for ETH, BTC or Wire Transfer, with a minimum contribution of 100 USD (or equivalent to 100 USD in BTC or ETH). During Pre-Sale, the minimum contribution is 30,000 USD.

We will never send a token address anywhere other than Token Sale’s official site. Never send ETH, BTC or USD to any address that you have never verified the owner.

Structure Token
Presale