INTRODUCTION
Data is an important recipe or ingredient in this technology world however, it is easy to fake, copy and misrepresent. An authentic and reliable data are needed and in a significant amount to power todays algorithms. Unfortunately, the current data economy is loaded with problems. There has been an increase incidence of fake and unauthentic data in the system destroying the usefulness of any algorithm. The world has therefore become impregnated and polluted with these fake data. Its existence is as a results of the gargantuan gap between those (large companies) with the resources to collect and store their own data and those (small companies) that do not. The data these small companies do have access to is kind of data that breaks and produces poor results when fed to algorithms. The suppliers are often not adequately motivated and incentivized. Furthermore, revenue generated are not fairly distributed between original data producers and vendors. The data therefore suffer authenticity problem as a result of these disparities as it obvious that without a healthy and transparent data economy, the increasing demand for authentic data will not be met.
Data is an important recipe or ingredient in this technology world however, it is easy to fake, copy and misrepresent. An authentic and reliable data are needed and in a significant amount to power todays algorithms. Unfortunately, the current data economy is loaded with problems. There has been an increase incidence of fake and unauthentic data in the system destroying the usefulness of any algorithm. The world has therefore become impregnated and polluted with these fake data. Its existence is as a results of the gargantuan gap between those (large companies) with the resources to collect and store their own data and those (small companies) that do not. The data these small companies do have access to is kind of data that breaks and produces poor results when fed to algorithms. The suppliers are often not adequately motivated and incentivized. Furthermore, revenue generated are not fairly distributed between original data producers and vendors. The data therefore suffer authenticity problem as a result of these disparities as it obvious that 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 at its core. It is envisioned to act as a blueprint that provides an organised system for the utilisation of decentralised data. Quadrant aims to solve these data problems by providing a blueprint for mapping disparate data sources.
The following stakeholders would be participated to make the intended solution a reality:
- Nurseries: the Atomic Data Producers (ADPs) that create the original data records. They create Stars (raw data), which can then be grouped into Constellations.
- Pioneers: the Data Vendors that create data products with the smart contracts on Quadrant.
- Elons: the visionaries that utilise the created data products and with them, build new and unique products and services.
- Guardians the master nodes that protect the integrity of the chain, ensuring that it is not compromised.
And the following features will be employed by Quadrant in the solution;
- Proof of Data Authenticity and Provenance
- Constellations for Disparate Data Sources
- Fair Remuneration and Incentive Sharing
Conclusively, quadrant protocol has come to replenish the data economy with the authentic and reliable data which the world is mandated to have. Quadrant will therefore operate at a lower gas price, achieve faster transactions and restrict malicious nodes from entering data.
For more information about quadrant protocol kindly visit us on;
Website: https://www.quadrantprotocol.com/
Twitter: https://twitter.com/explorequadrant
Facebook: https://www.facebook.com/quadrantprotocol/
ANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Hi, ikeman! Best wishes for make many new friends here in this awesome community :) It is my pleasure to meet you!
By the way, there are several groups you as a newcomer can join. They will stay with you for your journey, helping and mentoring along the way.
@greetersguild invite link https://discord.gg/AkzNSKx
@newbieresteemday invite link https://discord.gg/2ZcAxsU
Welcome to Steem, @ikeman!
I am a bot coded by the SteemPlus team to help you make the best of your experience on the Steem Blockchain!
SteemPlus is a Chrome, Opera and Firefox extension that adds tons of features on Steemit.
It helps you see the real value of your account, who mentionned you, the value of the votes received, a filtered and sorted feed and much more! All of this in a fast and secure way.
To see why 2716 Steemians use SteemPlus, install our extension, read the documentation or the latest release : SteemPlus 2.15 : Signatures.
Bienvenido a la gran familia Steemit, tienes la oportunidad de crecer, recibiendo clases de Negocios, Liderazgo, arte, poesía y comunicación, por eso te invito a participar en esta importante escuela.
Únete aquí
https://discord.gg/hrjxG4G
Welcome to the great Steemit family, you have the opportunity to grow, receiving business classes, Leadership, art, poetry and communication, so I invite you to participate in this important school.
Join here
https://discord.gg/hrjxG4G
Enlace: https://steemit.com/@nellita66
https://discord.gg/Kkbkewk
@ikeman, A warm welcome to Steemit. This is a great community and I know you will have a great time here.
I want to invite you to join the discord channel #steemschools https://discord.gg/eTZqQvk and we will teach and support you to grow up in Steemit, to choose the right topic to attract readers, to use the right tags to get more visibility, how to make quality posts and comments on Steemit.
.jpeg)
I will surely join. Thank you very much.
I will surely join. Thank you very much.
Congratulations @ikeman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your Board of Honor.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last announcement from @steemitboard!
This is really an amazing project. I must say that the data economy needs a radical revolution. Am am really going to invest in this project.