REPUX : Security of Distributed Data

Repux is a platform where corporate and user data can be exchanged between different parties and therefore monetized. It will combine multiple decentralized technologies to produce a decentralized buying and selling point for data and information.

Enterprises have what small and medium enterprises need and the SME’s have what the big enterprises need, Repux wants to create a marketplace where these two can interact and exchange valuable resources.

One of the features of the Repux platform is the opportunity for business to share excess user and corporate data directly, removing the need for middlemen. All transactions will utilize smart contracts, the accepted currency being the REPUX token.

With the Repux ideology, there will be a level playing ground for both big and small companies. As it stands right now, the competition is not fair because big companies have the resources to acquire enormous datasets while the small ones cannot.

Combining multiple decentralized technologies such as IPFS, Sia and Ethereum/EOS, Repux plans to create a highly decentralized marketplace for data and information.

Vision and objectives of RepuX

Like RepuX, we have the vision to increase the reputation of data security and reputation. Bring new breathing to terms and data transfer systems by creating a secure protocol between those who generate, collect and use data; it is to provide a significant return on your business. Using the protocol we have created, data producers can easily access this data for end-users and application users with RepuX Tokens.

We anticipate that data monetization will be a major source of revenue for individuals and entities in the future. It is estimated that the world will generate 180 zettabytes of data (or 180 trillion gigabytes) by 2025, up from less than 10 zettabytes by 2015.

Our Goals and Objectives For the RepuX Protocol are as follows:

1. To develop a high throughput system where data can be directly monetized between collector, developer and user;

2. To establish a secure reputation infrastructure in a RepuX Token transaction that allows users to apply semi-permanent records in joint transactions;

3. To develop an easy-to-use application programming interface (or API) that allows third-party developers to build our RepuX Protocol to create a variety of different applications;

4.To maintain scalability and speed as a high priority during design and development of the RepuX Protocol; and

To integrate the RepuX Protocol with existing blockchain technology while building customized solutions in specific cases.

We will also create RepuX tokens, which can be used as a tool for various transactions in various industries, and can be used for the purchase or replacement of products and services. As reputation and use of the RepuX protocol increases, coin values also increase and we add additional value to that.

RepuX Technology

The application layer is at the top of the RepuX Protocol. This front-facing layer consists of various decentralized applications, or Dapps, that third-party application developers can build on top of the existing RepuX API infrastructure. An example of this could be a service that allows individuals or entities to sell social media usage data in exchange for accessing a website.

The next layer of the RepuX Protocol is the data layer. This layer consists of all the data that can be purchased and sold within RepuX. By storing the data layer within a decentralized infrastructure such as IPFS, StorJ8 or Sia, we not only ensure the existence of the data, but also ensure that the data is stored in a decentralized fashion. Data ownership, sharing, security and privacy preferences can be actualized using multi-signature cryptographic primitives native to the blockchain, to ensure data be redundantly secured on chain and also seen and utilized only by preferred parties.

In order to handle transactions occurring on the data layer, we employ a decentralized logic layer. This layer could be built on top of the existing Ethereum infrastructure; however, we are also exploring the use of EOS, or a custom blockchain infrastructure that could potentially scale to millions of transactions.

At the base of the RepuX Protocol, we build a value layer, which powers the layers above and ensures that people are compensated appropriately for what they do within the RepuX Protocol. We have created the RepuX Token as part of this value layer to allow parties to send value payments between one another for purchases and sales of data and other goods and/or services. Value of the tokens can be proportional to their demand for their use in data sharing contractual services, whereby different tiers of token holding quantities can enable more advanced and larger scale data sharing capabilities. This acts as a mechanism for fairly distributing available blockchain-based data storage and serves as a demand vehicle for tokens that enables fair data usage.

Token Sale

will run for a period of 31 days from 6 February 2018 to 9 March 2018. The round will continue until the 33.1 million USD limit is hit or the final round is over. During REPUX Token Sale can be purchased with ETH, BTC or Wire Transfer rewards, with a minimum contribution of 100 USD (or equivalent to 100 USD in BTC or ETH). During Pre-Sale, the minimum contribution is 30,000 USD.