The data we are sitting on is highly valuable.
Remember when the online auction giant “EBAY” reported a cyberattack in May 2014? This attack has been exposed names, addresses, dates of birth and encrypted passwords of all of its 145 million users. The company said hackers got into the company network using the credentials of three corporate employees, and had complete inside access for 229 days, during which time they were able to make their way to the user database.
Standing in the middle of the big mess in data breach is Uber, when hackers were able to get names, email addresses, and mobile phone numbers of 57 users of the Uber app in 2016. The hackers also got the driver license numbers of 600,000 Uber driver.
Ebay and Uber are the “representation of small businesses” from around the world. So the impact would be massive and painful.
A small business data is important for analyzing and presenting key findings about a business. The goal is to use data and the findings to address challenges, find opportunities, and ultimately, help a business save time and money.
So, should we trust centralized parties with our data?
Repux is eliminating the middleman in data processing and transfer, using peer-to-peer protocol. Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain.
Since data collection can happen in various formats, the means in which data is shared and collected is a serious concern. When dealing with sensitive and personal identification information, the outlet for collecting this should be secure.
Blockchain technology is enabling a database to be directly shared across boundaries of trust, without requiring a central administrator. Since blockchain contain their own proof of validity and their own proof of authorization, instead of requiring some centralized application for approval.
It is the platform that allows data aggregation and data sharing between SMEs and corporate users.
What’s interesting is that RepuX utilizing IFPS in their infrastructure. InterPlanetary File System (or IPFS) is a protocol designed to create a permanent and decentralized method of storing and sharing files. It is a content-addressable, peer-to-peer hypermedia distribution protocol. IPFS addresses pieces of content by a unique “hash”. IPFS enables the creation of fully decentralized technologies that can connect all computing devices within the same fiile system. Picture it like Bittorrent, but for data.
By creating an immutable and transparent data market, RepuX allows the monetization by SMEs, leading to a fair pricing and secure infrastructure for enterprise data.
If you don’t own your data, then who does? It is time to take control of your data with RepuX