The data economy which we live in today is faced with a lot of challenges. One of the problems come from discrepancies with ownership of Artificial Intelligence, with the widening AI data gap between those who have the required amount of data to make the technology work and those who do not.
Another challenge is the unauthentic and ubiquitous fake data which is widespread today thereby destroying the already established data algorithms.
A further obstacle has to do with revenue for the original data producers. The revenue for data producers is a rather unfair one.
One of the hitches also facing the data economy of today is that of unsustainable data feeds. Production systems are known to go offline whenever there is a break in data feed due to the unsustainable nature of the data feeds. These and many more are the problems and challenges which the data economy is facing today.
These challenges are indeed enormous, but not for Quadrant Protocol. Quadrant Protocol is a decentralized platform for mapping disparate data sources and the platform is designing a working solution for these challenges with its foundations on the blockchain technology.
Quadrant Protocol Solutions
Quadrant Protocol is bringing a couple of viable solutions to solve the problems of today’s data economy. These include;
Proof of Data Authenticity
To increase the level of data authenticity in the data economy, there has to be trust. With the benefit of blockchain, Quadrant Protocol is creating a platform where users can have access to an immutable record of historical activity on the network.
Constellations for Disparate Data Sources
Quadrant Protocol is creating a platform where every user can have access to data whenever they need it by having a design of data sources where data consumers can compete with the big companies. This has levelled the playing field for everyone to benefit from the growth of the data economy.
Fair Remuneration and Incentive Sharing
On the Quadrant Protocol network, pioneers and users do not have to worry about how much they generate from their activities on the network because the platform has made it possible for the existence of fair incentive sharing on the platform.
Token Sale
The Quadrant Protocol token is eQUAD which is an ERC20 standard token running on the Ethereum blockchain. The acceptable currency on the platform for the token sale is Ethereum. eQUAD has a total token supply of 1,000,000,000 tokens. 20% of the amount realized from the token sale would be held by the company as a reserve.
Quadrant Protocol Team
The Quadrant Protocol team has as its CEO as Founder Mike Davie, a veteran in ICT infrastructure. Other members of the team are Sharique Azam a Big Data Architect and Blockchain Engineer, Navas Kahn as the Head of Marketing, and Barkha Jasani the Head of Research and Technical Development with more than 8 years of experience in software development.
Conclusion
Quadrant Protocol is creating a solution which has made it possible to liberate the data economy by making it accessible to both small and big players in the data economy. I recommend investors to partake in the token sale that is currently on-going. For more information, kindly visit; website, whitepaper, telegram, twitter, facebook, bitcointalk ANN, bitcointalk bounty
Author - Coltpython
