RepuX — Creating Win-Win Situations for Businesses & Developers
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If you’ve read today’s first article, you’ve already recognized that we’re currently into another ICO called RepuX. If you haven’t checked out the first article yet, please do so before continuing reading.
To pick up where we left, let’s talk about the further advantages of RepuX. As mentioned already, developers will heavily benefit from the RepuX platform. Furthermore and equally as important, other big businesses can sell their gathered data to those developers, adding another entity into the profit circle. Picture this: There are big businesses that gathered huge amounts of data throughout the years and still do. However they do not know how they can monetize the data rightfully without directly selling the data (most likely illegal). So what’s another way of profiting from data? Right, processing the data and improving your business processes based on the learning’s you get through the data processing.
The problem however is this: Those companies do not have the expertise to develop applications and use artificial intelligence in order to get some useful lessons out of the processed data. These companies rely on external help from developers which have specialized themselves in this field and can therefore help those companies to optimize their business processes. Besides that, they finally have the quality data available to fine-tune their algorithms which would otherwise not be possible.
You see, a win-win situation is being created by using the RepuX platform for individual developers as well as businesses which gathered enough data but don’t know how to monetize it. In order to provide those different entities a platform which can be directly used as an exchange between real time big data and an integrated payment solution, RepuX was developed. How the platform works and why the blockchain technology is being used will be addressed in tomorrows article!
