Its estimated that in just the last two years 90% of the entire world’s data has been created.
Currently over 3.7 billion people use the internet. Each of these people create a massive amount of data.
Companies like Amazon, Netflix, Facebook and Google understand the value of that data.
They have “mined” the data to make their products and services more engaging and addictive. In turn ensuring that users stay longer on their platforms and come back more frequently.
They have also used that data to offer advertising which is more targeted than ever before.
That’s why The Economist has stated that the world’s most valuable resource is no longer oil, but data.
While large tech multinationals have profited greatly from this data gold rush. small and medium sized businesses have done less well.
While these small and medium sized businesses do collect and store data, there is no simple way to turn that data in revenue.
RepuX has the goal of connecting small and medium sized businesses who have data, with the developers that need that data.
Machine learning is one of the fastest developing areas of the field of Artificial Intelligence.
Machine Learning requires access to data. It only through feeding this data into the machine learning models that they improve.
RepuX would provide medium where data gathered by the small and medium businesses could be commoditised and then sold to developers.
Developers would pay for this data using REPUX tokens.
The data would then be fed into their machine learning models with the goal of creating intelligent applications. These intelligent application could then be sold back to businesses who would use them to improve their business making decisions. Developers would again be paid using REPUX tokens.
If you would like to learn more about RepuX and the current token sale for REPUX tokens visit:
Repux website: https://repux.io
Repux white paper: https://repux.io/white-paper.html
Repux Telegram: https://t.me/repuxicoEN
Repux Bitcointalk Ann: https://bitcointalk.org/index.php?topic=2613666.new