December 7, 2017; Kraków, Poland — WorkHQ, a China-based inventory management software signed a 5-year contract today with RepuX, an Ethereum-backed platform and protocol for small and medium enterprises (SMEs) to earn rewards for sharing data. The agreement will give SME’s using WorkHQs software to manage sales and purchase orders across Amazon, Taobao, and Tmall the option of earning rewards for selling encrypted data on the RepuX platform.
RepuX brings value back to businesses by providing a secure platform for data to be sold to interested parties. It is costly and time consuming to maintain large data sets and, until recently, there has not been an easy way for businesses to monetize and repurpose their data despite interest from developers looking to build applications with AI and machine learning capabilities.
Justifiably, many businesses have expressed concerns from a security perspective about sharing proprietary information. RepuX addresses need for incentive and concerns about security with its blockchain-backed platform that encrypts all data and rewards businesses in cryptocurrency for sharing data with developers and other interested parties.
The distributed aspect of the blockchain-backed network enables RepuX to meet developers main consideration — the quality of data — by enabling data purchasers to rate the quality with reputation scores. Developers can trust the validity of data that has been vetted by the network because its value is not being determined by a single, centralized entity, but by peers.
WorkHQ is incorporating RepuX’s technology into applications used by SMEs to provide clients with a means to sell their data in return for RepuX tokens. The RepuX token sale will be launching in February of 2018.
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WorkHQ is a cloud based inventory management software that allows SMEs to manage their sales orders and purchase orders in real time offline and onlineacross Amazon , Tmall, Taobao and JD . WorkHQ eliminates the need for use of Excel spreadsheet for inventory management and increases business efficiency.
RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, decentralized network. The RepuX platform encrypts data and maintains quality through reputation scores determined by purchasers. Industries that stand to benefit from the RepuX-enabled system of data exchange and rewards include ecommerce, healthcare, accounting, micro lending, and advertising, among others.