From decades now we have seen violation of data every now and then. Nobody gives accurate data which always results in the receipts loss and also the one's who is the owner of the data. Due to this we experience a lot of problems. Everyone wants the data to be accurate are true to the source and this is a demand that needs to be fulfilled. The data the recipient gets should be accurate and there should be no fabrication in it. The recipient should know the source of the data and also have the proof of its authenticity.
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In today's world, a global village, it is easy for anyone to connect to every corner of the globe. We are globally connected, thanks to the internet. Our lives are socially connected through various social networking sites. This is one thing that the market makers have pounced onto. They have taken it as a tool to spread their market throughout the world world or wherever they wish. From these social networks they know the demands of the people by collecting information from them and then offer their services according to their needs. It all happens because they know the customers' needs and hence sell their items like hot cakes. All the data is collected by these companies or we can say that they buy the data from these networks in order to sell their products.
These networks are paid hefty money by these companies for stealing the users' data. No wonder why we have seen a huge rise in this business. Every other company basically buys the data from them and in return pay them huge bucks. We can say that both of them are profiting but it's a matter of concern for these companies if the data they receive is not perfect or true to the source. It's a matter of concern for them if they don't know whether the data is accurate or not and there are no ways for them to know that and there's no proof of authenticity for that. This is a matter which had to be looked upon. Considering the inaccuracies in the data and no means to know the source and the authenticity of the data or any proof of its authentication, a team collaborated together to create a project, known as Quadrant Protocol.
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Quadrant Protocol is a great concept which plans to provide clean and clear data without any alteration or fabrication. It will provide the recipients of the data its true source and the proof of authentication. This will help the companies gain trust and provide the products without fear of any loss because of the data being accurate and with a proof of authorization.
Now we know that there are three main parties in a system: data producers, data vendors and the companies. Out of the three there's one, data producers, who aren't benefited in any way. Their work neither appreciated nor valued. While on the other side the data vendors make the most money out of this business. They are paid hefty amounts of money by these companies for the data they need from them. While the data vendors don't pay much to the data producers, they always end up earning huge amounts of profits. The companies are in need of the data to stay alive in the market and hence have to pay to the data vendors even when they don't know the source and the authenticity of the data they are provided.
Considering these situations, we can say that the data vendors are at high profits while the companies may earn something but the producers of the data don't get the attention and the rewards they deserve. So all in all it's a win situation for the data vendors and not so for the producers or even the companies. To solve this problem and to share the profits equally Quadrant brings these three parties together. Bringing them together, a company will know the data shared to them by the data vendors, they will know its accuracy, can know the true source of the data, and it will have the proof of its authenticity. In this system the data vendors will be known as the Pioneers and the producers of the data as Nurseries. In this situation, the companies will know the the requirements of the customers and hence can sell their products comfortably.
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Currently, there is no appreciation for the data producers for the efforts they put into making up that data. In Quadrant Protocol their work will be valued for it's what benefits the whole system.
In Quadrant, the data vendors will know the data, shared forward to the companies, is accurate. The source of the data will be known to the companies with proof of its authenticity.
Benefiting every party equally will lead to a healthier future. The customers will get exactly what they want and the companies will sell the data without any fear of rejection as the data or information they receive from the vendors will be true and authentic. All in all this will lead to a better future and there will be healthier relations between the three parties which will result in a societal growth.
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Quadrant has come up with a bounty program which rewards people for sharing Quadrant to the world. There are different bounties like facebook, twitter, blog, etc in which you can participate in. The system will give away rewards according to the quality of the promotion a user does. It has its utility tokens as well, which will be given as rewards to the participants. Quadrant's tokens are tradable and are ERC20 compliant. You can store the tokens in Ethereum wallets. The value of these tokens will increase as the volume increases. It's better to get the tokens now than to buy them after a few months as the volume is increasing continuously the price of the tokens will also increase accordingly. Quadrant can also adapt a system other that Ethereum as well. For more details on Quadrant Protocol, please check out their Whitepaper.
