Each day the digital world is providing a platform and welcoming new companies who believe in new innovations and ideas. The best among them is Quadrant Protocol propose to create a block-data protocol for data exchange, which makes it possible to access the necessary information and This innovative platform allows solving the current problems of the industry by creating decentralized data sources with the possibility of mapping them.
What is Quadrant Protocol
Quadrant Protocol is a networked decentralized platform that operates on the basis of blocking technology. It is necessary for the formation and preservation of data, and, of course, the exchange of data. Quadrant Protocol creates a transparent information system that provides comfortable working conditions for all participants of data exchange. The project proposes to solve existing problems by creating maps of disparate sources of information. It is planned to introduce options that confirm the correctness of the transmitted information using the so-called "constellations". The consumers are given the opportunity to verify the accuracy of information through the "nurseries." The Quadrant Protocol is designed to unite data creators and those who need them for work, so that each of them can transparently assess them depending on the situation. The platform has built-in tools that allow you to verify the authenticity of data and maintain its performance.
Problems and solutions
• Quadrant Protocol provides data security, reliability and transparency of the work process, as well as fast data processing.
• Supply of innovative control over the client's personal data
• Incredibly fast transaction processing per second
• Ensuring the client's working process in which his activities will be as transparent and free as possible
The system uses a consensus algorithm to process customer transactions and smart contracts. This system is a universal product and can be used in a wide variety of industries.
Features and applications
To ensure an effective exchange of information, developers propose to use the following features:
• A mechanism for validating data based on blocking technology;
• The possibility of combining disparate data sources into arrays for their convenient consumption;
• The possibility of receiving material rewards and other incentives for activity within the framework of the platform;
• Use the innovative platform Ethereum to create the tokens that are supposed to be used in the project. Given the opportunities provided, it is unlikely that there will be a branch of human activity that does not need to exchange information based on the Quadrant Protocol.
Quadrant Protocol Tokens
Within the project it is planned to release two types of tokens. One - for internal use and use as a means of settlement within the platform. The second one is based on ERC-20 technology (Ethereum), which is planned to be placed on the largest international exchanges for external use. Exchange one currency for another will be free after the project is put into operation. It is planned to issue 1 billion external tokens eQuard at a price of 5 cents per piece.
Conclusion:
Given that the product that we are going to see is very valuable, both for the industry and for the entire market that works with information, there are several reasons to believe in the future of this idea.
The two main features and advantages of the project are:
1. Advanced user capabilities and the ability to apply data stamping for their subsequent authentication in the system and, most importantly, to confirm their validity.
2. Monetization of their data, control and transparency of the whole way of using them.
The Quadrant Protocol offers solutions to these problems and, despite all the difficulties that it faces, the project is worth taking a closer look at. Given the partnerships with large funds and the level of interest in it from small investors and bloggers, the project can be interesting in the short and medium term.
Additional links
• Website: https://www.quadrantprotocol.com
• Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
• Twitter: https://twitter.com/explorequadrant
• Telegram Group: https://t.me/quadrantprotocol
• Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3676988.0
• Bounty: https://bitcointalk.org/index.php?topic=3739014.0
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