“Data! Data! Data! I can’t make bricks without clay!” said Sherlock Holmes in one episode. Data truly is everything. With correct and meaningful data, no matter what field you are in, you can reach your goals and succeed way easier.
In todays world that is more true than ever. Big companies spend fortunes in order to gain access or capture most valuable data and user behavior. With those metrics, they can further develop their products and become even more successful.
However, todays data economy market has a fair bit of problems. If you are a small company you have a hard task in front of yourself. It is very hard for a start-up or small company to gain access to any meaningful data, and they don’t have access to the volume of data their algorithms need. Data producers on the other hand are most likely unwilling to keep providing needed data because they only get paid for initial sale.
That is why there is a room for a new way of accessing data.
QUADRANT is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core.
First problem that quadrant aims to solve is chaotic nature of todays data. QUADRANT will serve as a blueprint that will provide an organized system for the utilization of decentralized data.
For this system to work there will be 4 participants in this decentralized platform.
- Nurseries – They will produce raw data and stamp the hash and metadata onto QUADRANT.
- Pioneers – They will map the raw data and turn them into products, or Constellations as QUADRANT calls them.
- Elons – They will take many products made by Pioneers, and turn them into mega-constellations (meaningful products) that can be used to solve real world problems.
- Data Consumers – companies that will buy products and use them to power their data driven companies.
As you can see from above there is a role and benefit for each and every one involved in this platform. Also, QUADRANT aims to finally bring down the power that big data companies like Google and Facebook have. By having such big power, they are free to operate in non-transparent ways which has been showed many times. Consumers on the other hand get nothing in return for the immense value of data that they provide. That can finally be changed and consumers, or Nurseries, will finally be compensated for their data.
Finally, Quadrant provides the infrastructure that facilitates the exchange of DaaS and AI services between organizations. It enables data vendors to sell their data with the use of data smart contracts. It also enables buyers to purchase data and trace its authenticity and provenance through the network’s data stamping verification system.
To make sure that data is authentic QUADRANT will use “finger print” or hash for stamping every data that Nurseries provide. A small fee will also have to be paid by the Nurseries to stamp the data. This will prevent spamming of the service and will cover the master nodes’ fees for creating the blocks.
It all seems like a very interesting and exciting project. There is most defiantly room and need for a decentralized platform for data, because the current way is bad for everyone except for a few big companies.
QUANDRANT PROTOCOL TOKENS (eQuad)
The eQuad token is an ERC-20 standard-based Ethereum token.
Tokens will be offered through the Initial Coin Offering, starting on June 26th. The offering will be open to the global public (crowd sale). Total token supply is 1,000,000,000 eQuad tokens. Token Price at Issue is going to be $0.05 USD = 1 eQuad. Distribution of QUANDRANT PROTOCOL tokens is going to be:
• Crowd sale 40 %
• Company 20 %
• Stakeholders 20 %
• Reserve 10 %
• Team 10 %
All about the Initial coin offering and other information regarding purchasing of the eQuad token, you will find on QUANDRANT PROTOCOL official web page: https://www.quadrantprotocol.com/
QUANDRANT PROTOCOL BOUNTY CAMPAIGN
QUANDRANT PROTOCOL has started a bounty campaign in May 2018. The bounty is going to last until the end of Token sale. Bounty campaign consists of: Signature Campaign, Social Media Campaign, Content creation, Translation Campaign and many more. Terms and conditions and other essential information about the campaign, you can find on the QUANDRANT PROTOCOL bounty campaign web page: https://bitcointalk.org/index.php?topic=3739014.0
Your participation in this bounty campaign is going to help to attract other potential investors through marketing and promotional activities.
TEAM
Team behind the project is consisted of highly educated professionals, each an expert in their field of work.
Lastly, for all necessary information about QUANDRANT PROTOCOL or any new updates and news, you should visit their:
• Official Web Page https://www.quadrantprotocol.com/
• ANN Thread https://bitcointalk.org/index.php?topic=3676988.0
• White Paper https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
• Facebook https://www.facebook.com/quadrantprotocol/
• Twitter https://twitter.com/explorequadrant
• Telegram https://t.me/quadrantprotocol
https://bitcointalk.org/index.php?action=profile;u=1696137
0x05B884A66690a6F9fC3dBF527A254a8716a0d650
Great article!! Signed up for You, I will be glad to reciprocate!) ! )