During the medieval era, the kings and community chiefs use data which are evenly gathered conducted population census, primarily to solve a section of the community challenge as at that present period of time. Arriving at reliable figures and facts requires that the data will be right.
In this recent time, data is making an impact on every sector across every economy globally, whichever industry you work in or whatever your interest may appear to be, certainly you will have come across one or two lines about how data is changing the face of the world with an intended major role of shaping every aspect of our life as human.
Major problems surrounding the data economy is the low level of authenticity and reliability of collated and stored data for a particular action and also the unhealthy practices of illegal creating and buying of fragmented data and also lack proper incentives or fair revenue to data supplier.
The various impact and measure to ensure total development and security of stored data through a mechanized platform or system cannot be said all because in previous years the problems and challenges encountered has not been curbed to its barest minimum.
SOLUTION
Quandrant protocol is a data ecosystem developed on the blockchain network that enables creation, access, and distribution of data, the platform is embedded with both centralized and decentralized services to help operate on a proof of authority consensus mechanism for effective transaction handling. This platform aims to solve the disparity data sources challenge so as data consumers will gain access to authentic and by so doing gain value for the purchases.
Here Is a Holistic View of What QUANDRANTPROTOCOL Stands to Deliver;
Sustainable Data System
If an organization or individual (data supplier) does not receive a fair incentive for the data he/she supplies then the level of data supply will be short term. Data that is owned and not paid for is never sustainable and it authenticity tends to be questioned.
Forum for Diverse Data Source
Data can be gathered from different reliable sources in such a way that they can be accurately selected and used by data consumers. Quandrant has prepared and restructured its platform to ensure that after the collection of data process from relevant sources then everyone can get easy access to the data needed based on the discipline they may fit in, by so doing new data can be generated and build upon.
Fair Distribution of Incentives for Data
Whenever a data supplier gets the idea of how much or the value he/she would get from supplying data, then this can motivate the supplier to provide original data from reputable sources. Therefore, Quandrant Protocol platform is designed to encourage and embrace fair distribution or monetized value for data supplied.
Token Sales Details
Start date: 26th June 2018
End Date: 26th July 2018
Token name: eQuad
Type: ERC-20
Total supply: 1,000,000,000eQuad
eQuad per price: $0.05USD/eQuad
Hard cap: $20million USD
Soft cap: $3million USD
Payment method: ETH
Conclusion
QUANDRANT PROTOCOL is an investor’s corner any business entity or reputable investor will want to embrace and invest in; the project is massive and has greater capability to help solve the data problem faced by key players in the data economy. With the recorded progress and achievable level in which the team has attained then there is every possibility and a passionate belief that they would scale through with this vicious investment plans and deliver according to their project objectives.
For more information:
Website: https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Telegram: https://t.me/QuadrantProtocolAnnouncements
Ann thread: https://bitcointalk.org/index.php?topic=3739014.0
My bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1708600;sa=summary
my bitcointalk username: sparklins4u
