Have you ever thought that blockchain technologies could be used for something more than cryptocurrency or banking? Were you aware that recent developments have started to use the fantastic set of features offered by the blockchain, along with other technologies, to develop platforms that could impact all the areas of science and industry? In fact, if you take a look at recent startups and ICOs, you may be surprised to find out the immensity of topics, issues and aspects that blockchain can be incorporated into.
As most of us now, some of the characteristics that make the blockchain stand out from other technologies are related to the manner it entirely succeeds in changing entire paradigms or creating whole new approaches to technics that proven to be faulty. Think for example about the way in which blockchain can decentralise entire industries; it can enable a quicker, more transparent access to information; it can verify, certify and guarantee for all data that is stored and used through its mechanisms.
A recent project aims to use this advantages at a larger scale, probably more fabulous than ever:
Discover Quadrant Protocol - a system meant to create and operate a blueprint for the mapping of decentralised data. This platform has been designed to work with the blockchain at its foundation and solve issues that currently affect the data resources of today’s industry. In fact, if we expand these problems, we may find out that we are talking about some of the aspects that affect multiple economies of today’s modern society: some have more significant resources than others (be it institutions or private companies) and thus, can acquire, process and make use of more authentic and valuable data; if this data is not sufficient, the algorithms will not provide the desired responses; most of the times, data suppliers are not sufficiently rewarded for their work and for what they deliver; the revenue is not always correctly split between all participants in this ecosystem; thus, the entire data economy becomes more and weaker, and a growing risk appears: that soon, this massive need for authentic data will not be satisfied.
This is why, in the light of this urgency we briefly presented in the paragraphs above, Quadrant was founded:
- To organise and manage a new blockchain based system for the use of decentralised data
- To enable all interested parties more secure, transparent and affordable access to these products and services
- To guarantee that all data is accepted in the system only if proven authentic and reliable (with a clear and known provenance)
- To keep a clear record of who created the data and how it is used
- To create the first Data Smart Contracts that direct the manner in which all transactions and interactions are made within the system
- To offer a set of new products and services that can improve the functioning of this market
Got Questions?
Find out all about this platform, discover several business use cases, understand its most technical aspects and download the latest version of the Quadrant Project