The problems faced by the data economy
Vast amounts of authentic data are needed to power today's algorithms , however the current data economy is fraught with many problems such as widening Al data gap between the haves and have nots , ubiquitous fake and unauthentic data destroying the usefulness of any algorithm unsustainable data feeds breaking production system when they go offline and unfair revenue distribution for the original data producers. Without a healthy and transparent data economy, the increasing demand for authentic data will not be met
The Quadrant Protocol
The quadrant protocol is envisaged as a blockchain based network protocol that enables the access to creation and distribution of data products and services with authenticity and provenance as it core. Data consumers can trust The authenticity off the data they purchase. " Nurseries " are compensated fairly everytime ther data is used. And the " Pioneers " ; data sellers have the incentive to create innovative constellations . Quadrant provides " Elons " , the brightest data minds in finding linkages between different constellations . Facing challenges in future the world will be needed of this .
Technology
This protocol is a decentralized data blueprint . It is ingestion processing and storage agnostic designed to work with both centralised and decentralised services . Quadrant will operate on a proof of authority consensus mechanism so that it can handle more transactions faster and restrict malicious nodes from entering data into the network. For the time being the Ethereum blockchain will be used for anchoring for security purposes but it can be replaced future.
QUAD and eQuad tokens
The Quadrant network bill utilise two different currencies for its protocol ; eQuad and QUAD . The native digital cryptographically secured utility token of the quadrant network ( QUAD ) is the major component of the ecosystem on the Quadrant network and is designed to be used solely on the network. eQuad is a standard compliant placeholder digital token on the ethereum blockchain which would be solved during TGE ( Token Generating Event ) . It may be converted into QUAD via a gateway when the continent main net is launched.
Allocation and contribution
The token generation event will have a hard cap of $20,000,000USD . If the raises over $7,000,000USD the contributions garnered will be logged initially and made Transferable over the course of 4 years with 40% becoming available upon the close of the eQuad token sale and the remaining 60% released annually to be applied towards the company's objects as a fixed rate of 15% . This is intended to ensure the long term success of quadrant while instilling practically to ensure no over - spending in the initial years.
Importnat links
Website: https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdfANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
Telegram: https://t.me/quadrantprotocol
Twitter : https://twitter.com/explorequadrant
About author
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=1324205
Bitcointalk user name : Kulitha
