RepuX - A new blockchain platform that will serve millions of businesses and developers worldwide

REPUX

https://repux.io/

The world economy is built on top of a system of trust. While this has enabled globalized cross-country trade to flourish, it has increasingly made it difficult for smaller businesses and individuals to establish a reputation among bigger entities. This has resulted in an increasingly centralized distribution of power, hurting the smaller businesses.
Similarly, data without a certain authority backing it is often considered unusable. This means that fewer and fewer people and businesses are able to sell their data without first going through a middleman. To address this issue, we have enabled the attachment of a rating and reputation behind each trade in the RepuX Protocol.

What is RepuX?

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.

RepuX Vision

Our vision 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.

RepuX Goals and Objectives

We anticipate that data monetization will become a major source of revenue for individuals and entities in the future. It is estimated that the world will create 180 zettabytes of data (or 180 trillion gigabytes) in 2025, up from less than 10 zettabytes in 2015.1

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
• To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in certain cases.

In summary, our ultimate goal is to build a secure, reliable, high-performance data transfer protocol that can be integrated with a wide variety of different applications developed by third parties for use by a number of different industries.

RepuX Technology
Overview
The technology of the RepuX Protocol can be broken down into 4 separate layers.

Application layer and API

The development of today's blockchain technology has made it easier for people to live in transactions wherever they are and in all areas that support this system. RepuX leverages blockchain on peer-to-peer networks to manage transactions and interactions in community distribution, and manages this governance through a decentralized platform that benefits from having a distributed computing infrastructure and common protocol, making it very difficult to craft deals.

API Structure

In the development phase, RepuX will use all technologies called Web3.js + metamask API which will make it easy to use and can enable third parties to access and quickly build external applications in RepuX infrastructure.

Data Layer

The data layer is used to facilitate the data that each user has to be stored in a decentralized way, RepuX will use a number of different technologies. To refine what is being developed by Repux and combine IPFS1-based infrastructure that uses IPFS hashes. Thus RepuX can keep the database of data referenced by the hash inside the logic and API layers. By using IPFS, we not only ensure decentralized data from our data but also make sure that the data is permanent through IPFS hashes.

What is IPFS?

The InterPlanetary File System (or IPFS) is a protocol designed to create a permanent and decentralized system of file storage and sharing methods. This is an easily accessible peer-to-peer hypermedia distribution protocol.

Logic

The RepuX protocol is a platform that enables users to integrate between evaluation and purchase of data and sales, so RepuX needs to develop algorithms that handle transactions on this network. So that the purpose of the protocol can be realized.

Ethereum and Smart Contract

Bitcoin introduces the idea of ​​blockchain, which allows people to transact individually in a controlled manner. For this reason, Ethereum developed the idea of ​​distributed computers.

Ethereum also provides a cryptococcus called "ether" (or ETH), which can be transferred between accounts and used to compensate participant nodes for calculations performed. In essence, Ethereum is a decentralized world computer that allows decentralized applications (or Dapps) to be executed in a synchronized state globally.

The RepuX protocol.

Smart contracts are programs that run on the Ethereal block and are triggered by other smart deals or contracts. Smart contracts eliminate friction associated with payment of traditional systems and ensure that all parties involved in transactions are paid correctly and accordingly and there is accurate and definitive evidence. (more info please see on website: https://repux.io/white-paper.html)

RepuX Integrating Bancor Protocol to Provide Token Liquidity for Millions of Businesses and Developers

RepuX (REPUX) , a new blockchain platform that will serve millions of businesses and developers worldwide each year who transact in business data and decentralised data-driven AI business applications/algorithms, has today announced its integration of the Bancor Protocol to provide continuous liquidity for the RepuX platform.

Earlier this week, it was reported that RepuX anticipates more than 30,000 token buyers to participate in the public token sale scheduled for 6th March.

By integrating the Bancor Protocol, RepuX token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to any other directly from any Web3 wallet, such as MetaMask. Currently integrated tokens include ETH, BNT (the Bancor Network Token), GNO (Gnosis), BNB (Binance) and a long list of announced projects soon to be activated.

Our rapidly growing community of more than 30,000 members and great demand for RepuX tokens led us to integrate with Bancor
said Marcin Welner, COO RepuX. “Integrating with Bancor will provide liquidity to everyone who wants to be a part of RepuX and transform the business data/business software industry.”

RepuX will activate a Relay Token with 3% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell RepuX tokens directly from any Web3 wallet at a formulaically calculated price.

RepuX is the creator of repux.io, the #1 software as a sales platform and protocol for business data and AI-Driven business applications to help businesses improve their productivity and profit margins. RepuX tokens will be the sole exchange of value across the platform and its general token sale will be on March 6th.

About RepuX

RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, decentralised network. The RepuX platform encrypts data and maintains quality through reputation scores determined by purchasers. Developers can then use the data to develop machine learning and artificial intelligence-driven applications as well as having enterprise customers to sell back to on RepuX. Industries that will benefit include ecommerce, healthcare, accounting, micro lending, and advertising, among others. For more information, please visit https://www.repux.io.

About Bancor

Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. To convert tokens instantly, visit the Bancor Web App or join the Bancor Telegram group for more information.

• Discount Rates
  PRESALE
  Price $0.10
  50%
• 100,000,000 REPUX
  6th Mar
  Price $0.14
  30%
• 75,000,000 REPUX
  13th Mar
  Price $0.15
  25%
• 15,000,000 REPUX
• 19th Mar
  Price $0.16
  20%
• 15,000,000 REPUX
• 25th Mar
  Price $0.17
  15%
• 15,000,000 REPUX
• 31th Mar
  Price $0.18
  10%

Roadmap

• JULY 2017
  $400,000 Seed funding

• SEPTEMBER 2017
  On-board advisors from the industry

• OCTOBER 2017
  RepuX Foundation established

• NOVEMBER 2017
  Major distribution announcement via partners
  Code audit
  Speaking at Blockchain Expo

• DECEMBER 2017
  RepuX Protocol Live
  Attending Blockshow Asia

• MARCH 2018
  Token sale

• APRIL 2018
  Token sale audit

• MAY 2018
  RepuX Protocol open for developers

• JUNE 2018
  RepuX Platform Allowing for Decentralised Enterprise Applications

The Team

Marcin Welner
Tomasz Tybon
Aleksandra Staszewska
Daniel Kmak
Przemysław Kocznur
Krzysztof Durałek
Dawid Rashid
Taras Bazyshyn
Rafał Książek
Damian Babula
Pierre Benezech

Partners and Advisors

Dr Jay Best
Mateusz Mach
Lee Hills
Steven Ormond-Smith
WorkHQ
Troutman Sanders LLP
Melrose PR

FOR MORE INFO

Website: https://repux.io/
White paper: https://repux.io/white-paper.html
ANN thread: https://bitcointalk.org/index.php?topic=2613666
Telegram: https://t.me/repuxicoEN
Facebook: https://www.facebook.com/Repux-415260768888793/
Twitter: https://twitter.com/repu_x
Youtube: https://www.youtube.com/channel/UCCcDC1u2aGUUAV108zxC_8Q

Author: Hokky darmawan
MyBitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1840810
ETH: 0xb616c8392f2d4741765A3e1BE8D9728Be884797a