Hello!
So, as I understand you want to create decentralize data base for small bussinesses. All participants will share their expirience in bussines activity via your platform and will get for it some profit in RepuX currency. And you will be like a collector of that info and than will sell such info for other small bussines authorities. Why do you need blockchain for this?
We have chosen to back our technology with the Ethereum blockchain because of the tokenization and encryption it enables. It’s undeniable that businesses would benefit from dApps based on data insights, but most businesses are reluctant to share proprietary information because of privacy concerns. RepuX addresses businesses’ privacy concerns by encrypting data so that the source is unrecognizable to those receiving it. Going a step further, RepuX uses the tokenization enabled by the Ethereum blockchain to reward businesses for sharing their data in cryptocurrency, REPUX tokens, that can be used to buy other services within the network.
Blockchain technology allows for the reduction of fraud rates thereby enabling a whole host of potential applications. This makes blockchains ideal for use as the foundation for the RepuX Protocol where security and transactional integrity are paramount. The RepuX Protocol combines multiple decentralised technologies such as InterPlanetary File System (or IPFS)2 , Sia3 , Ethereum4 , EOS5 , and offers the potential to upgrade to a custom high throughput blockchain. It also creates data sharing possibilities among data collectors, application developers and data users which do not exist in the current marketplace. Evolution of blockchain utilization will aid in the decentralization and transparent distribution of payments, goods and services.
