Yahoo Finance Interview with Tomasz Tybon, Repux Chief Growth Officer
How was the idea of Repux born?
Over the years, we’ve experienced that SMBs struggle with so many things that it’s impossible for them to benefit from the big data revolution. Data-driven decisions are the foundation for solid business development. It’s so much easier for businesses to grow with a data-driven approach, we are helping small businesses take the leap to grow.
Can you explain the common people about your product?
With RepuX you can sell your data to (subject matter experts) data scientist, developers, experts – that’s just the beginning. What is interesting happens afterward when data scientist, developers utilize this data to develop and train machine learning algorithms for AI driven decentralized applications. Then you can buy those apps for actionable insights on how to grow your business by deciding to cut costs and spend on profit-generating activities.
As the company is carrying out ICO, what has already been done and what are you going to create on the money collected by the ICO?
We have a working prototype where you can understand the flow of our blockchain based marketplace. We would be working on a decentralized multi-signature storage system where SMBs would be able to upload their data securely and also allow the data to be consumed in a real-time format by developers. We would also work on integrating with legacy systems for SMBs to upload data.
How does Repux differ from similar services? How can your innovative service assist the new economic development?
First of all, we have a live platform which is quite unique in this space. Secondly, we have a more holistic approach as to what kind of data can be utilized on RepuX Platform where other platforms are focused on specific data usage patterns or specific data type.
How can Repux change SMB’s big data problem?
We are bridging the gap between sophisticated methods of improving business growth and lack of expertise by small and medium business
Why do you need Token Sale?
To fully develop the marketplace as there are far more opportunities than those which we’ve done till date. To educate the audience which is challenging as SMBs are in millions all over the world and they are highly fragmented.
What are your plans after ending of Token Sale?
That is where work actually begins! After token sale will end we will get back to the product and start reaching out to the target audience.
This article was originally posted on FX Empire
