Belize-based RepuX is launching a platform that enables small-to-medium size businesses to
sell customer data to developers and data analysts, enabling these smaller businesses to get
involved in and monetize ‘big data’.
More information is available at https://repux.io.
Recently released, the RepuX platform lets small businesses such as e-commerce stores
gather customer data that likely isn’t being used outside of that company’s internal
operations, and in turn sell that data to developers in exchange for RepuX tokens. RepuX is
essentially adding data to the entire ‘big data marketplace’ which wouldn’t otherwise be
available. By gathering data from a wide-range of small businesses, RepuX is giving the data a
lot more value, in addition to ensuring more representative data overall.
The RepuX platform also affords small businesses to opportunity to buy back data that they’ve
sold to developers once those developers have had a chance to analyse and interpret the data
they’ve gathered in order to help them improve their business operations without needing to
have a data analyst or blockchain expert on staff.
According to research, data mining in 2015 was less than ten zettabytes (10 trillion gigabytes).
However, with the introduction of RepuX tokens it is expected that data monetization will
become a significant source of revenue in the future for individuals and entities. This expansion
will result in the creation of over 180 zettabytes of data by 2025.
In anticipation of this growth in data mining, RepuX aims to develop a system that is easy to
use. This system will have a formidable reputation that supports scalability and speed for direct
data monetization between collectors, developers, and users.
Integrating existing blockchain technology with the RepuX protocol will enable the company to
build custom solutions to suit client needs. As such, the RepuX protocol combines
decentralized technologies such as InterPlanetary File Systems (IPFS), Sia, Ethereum, and
EOS, and offers an opportunity to upgrade to a customized blockchain.
A spokesperson for RepuX said, “The company is releasing 500 million RepuX tokens. This
token is an ERC20 token which will be the only way to pay for data services connected to the
RepuX protocol. The purchase of RepuX tokens is by way of Ether transfer making it fast and
efficient for all parties involved."
To find out more about RepuX, their protocol and tokens, visit the link above.