There is a popular saying nowadays that data is the new oil. While this is true to very large extents as we have seen how data has made Facebook, for example, a company that is worth several hundred billion dollars in market capitalization, the effective use of data still remains the exclusive forte of such giants, which are currently running a near-monopoly.
In today’s world, companies, especially the millions of small businesses around the world are generating tons of valuable data every single day, but which data remains untapped, unused, and thus a complete waste for these small and medium scale businesses. Data in its raw form has little or no use and requires the technical knowledge to process it and make into something useful.
As of present talented developers worldwide are denied access to very useful data they could use to develop newer business solutions for SMEs not due to the lack of the existence of such data, but because, there is no framework where these developers and the businesses can transact to the benefit of one another.
The Repux Solution
Repux is a blockchain based startup that seeks to eliminate the huge divide that presently exists between talented developers with limited funds and the millions of SMEs that produce unlimited data that could have otherwise been used to create business solutions that will aid them compete against the big guns in their niches.
Repux is a platform that seeks to create the first of its kind convenient ecosystem where developers and businesses can meet transact, and exchange data solutions in a seamless, hassle-free and rewarding manner.
Repux is a platform that seeks to empower developers to develop the most cutting-edge AI solutions that will define the present century, through the use of data from these small companies that would have otherwise gone used and wasted.
A Rewarding Platform
Small businesses all over the world, notwithstanding geographical location, stand to benefit in two ways by being on the Repux platform. In the first instant, they are able to tap on the redundant data they generate and monetize it by offering an anonymized version of it for sale on the Repux platform.
This data can then be used by developers who buy them at an affordable rate to develop the next-gen business solutions powered by AI. The same solutions can then be customized for each business enabling it to buy them at rates so cheap it would not have been previously possible without the aid of the blockchain technology.
For developers, no matter how talented on is, that talent remains untapped and wasted if it were not offered the proper tools to use them. Most developers that choose to work independently and not under a tech giant, have very limited resources, which in turn hinders their access to these talent-benefiting tools.
With the Repux platform, not only do developers find an easy one-stop shop to buy all the data they need to nurture their talent, they also get a ready market to sell the end products of this exercise, making the Repux platform the mecca for the problems that currently plague the life of both developers and businesses alike.