With the increasing problems facing today’s data economy, Quadrant, a blockchain-based protocol emerges with feasible and sustainable solutions to address these problems and ensure efficient utilization of decentralized data by all parties.
Challenges faced by current data economy.
1.Companies do not have equal access to data necessary to stir AI innovation, solve bigger problems and produce better products.
2.Increase amount of fake and unauthentic data in the data ecosystem
3.Unfair revenue distribution among data producers and vendors
Solutions that Quadrant presents.
Quadrant intends to leverage Blockchain technology to create an ecosystem/protocol that runs on a Proof of Authority consensus mechanism, and addresses the above mentioned challenges facing current data economy in the following ways.
1.To ensure that companies have equal access to data necessary to inspire AI innovation, solve bigger problems and produce better products, Quadrant intends to leverage the concept of “Constellations”, an important feature of the Quadrant protocol, to gather disparate data sources and make them easily accessible to Data Consumers in the data ecosystem.
With Quadrant constellation, every data consumer will have equal access to all type of data needed at any time.
2.To reduce and extinct fake and unauthenticated data in the data ecosystem, Quadrant intends to publicly stamp all data generated to allow data consumers the chance to verify the originality of the data purchased and resolve any issues that might arise from unmatched data.
The concept of stamping of data, is to ensure that the origin of data sources are always known so as to promote data authenticity and provenance.
3.To ensure fair remuneration and incentive sharing among data producers and vendors, Quadrant intends to leverage it Constellations to assist data vendors determine exactly how much an original data producer deserve per each data generated.
With Quadrant Constellation, original data producers will their deserving remuneration without a involving a third party
Quadrant protocol consists mainly of the core Quadrant blockchain, clients (Data Producer, Data Consumer and Anchor), and Guardian Nodes. On this protocol/network, QUAD, a utility token will be used to serve as a “fuel” to power the network. It main purpose will be for stamping data, supporting simple and complex access structures, simple and complex subscription payment, among others all on the Quadrant network.
In order to achieve its goal of being the blue print that map and ensure efficient utilization of decentralized data, Quadrant is issuing an Ethereum based token called eQuad, to all prospective investors/angels interested in its projects in order to attain funds needed to fully develop a functional blockchain technology need to address the current issues the data economy.
Quadrant is therefore warmly inviting all interested individuals and cooperate organizations to come, participate and contribute generously in support of its project. It token sale is apparently ongoing at Quadrant website and it’s expected to end on 26th July, 2018.
To purchase eQuad, simply visit Quadrant token sale website, press on the Register here button and then follow the instructions carefully to make a successful purchase.
Detail information about this project and its token sale in the links provided below
Quadrant website
Quandrant Tokensale
Quadrant Whitepaper
Quadrant Bounty Thread
Quadrant ANN Thread
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