Blockchain Powered Data Sharing & Mining Marketplace RepuX Ether Tokens Released

RepuX, a blockchain powered data sharing and mining decentralized marketplace based in Belize, has released RepuX tokens so data collectors, developers and users can exchange data efficiently.

Rothwell, Australia - February 15, 2018 /NewsNetwork/ —

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.

Contact Info:
Name: First Plus
Email: [email protected]
Organization: FirstPlus Press
Address: 2 Alambi Court , Rothwell, Queensland 4022, Australia

For more information, please visit http://www.firstplusmarketing.com.au

Source: NewsNetwork

Release ID: 301673