The world is becoming increasingly data-centric as, with enough data, the need for even the most minute guesswork is waived. Most enterprises are using plenty of data-powered SaaS to optimize their operations as much as possible. This is one of the reasons for why the American stock market has done so well in the past few years. The adoption of data-powered decision-making and tools has made it possible to build the level of efficiency needed for maximum growth in earnings. However, large corporations are able to access the value of data at a far greater scale than any small business.
Data remains expensive as there are too many middlemen involved in this market. Additionally, the supply of data has not reached its full possible capacity as many small businesses are not able to properly liquidate data they possess. A new blockchain project is about to disrupt the data market, making it cheaper, open, and decentralized.
Data for All
At present, data is gathered by agencies that serve as the middlemen and key sources of data. These middlemen control the largest portion of the profits and thereby remove the incentive of selling data for most small businesses.
Quadrant Protocol makes it possible for data hubs to develop into decentralized marketplaces. Small businesses can not only provide their data on these decentralized marketplaces where they are awarded upfront, but also whenever the data they provided is used. The data providers are able to stamp their provisions and this makes it possible for smart contracts to provide them with their fair share once the final data-product is consumed. As middleman are removed and data sourcing becomes a perpetual revenue source, a larger number of small businesses will be willing to supply data that remains siloed with them. This increases access to data that specifically benefits small business; they will now be able to support each other’s’ data needs in a convenient yet profitable way.
Since data sources are incentivized to provide data that would be used perpetually, the quality of data increases and that makes it cheaper to acquire data that can serve a purpose. Quadrant Protocol makes an open market for data-powered product developers. Since product development won’t be limited to a select few, the innovative output from Quadrant Protocol would become a heavy source of new data products. As the product developers won’t rely on an intermediary to sell their product, they’d be able to sell it for cheaper.
Cheaper and Merrier
Data product developers would also be able to fulfill a new form of market demand. At present, since a few companies develop data products as the market is closed out for open development, they focus on the needs of the largest companies who have the resources to regularly convey their product needs.
The Protocol brings individual product developers in allignment with small businesses that are sourcing data. This way Quadrant Protocol makes it possible for small businesses to directly work with individual product developers. This means that individualized product development for data-centric decisions can become a reality. A small business does not need the same tools as a major enterprise. Large product developers do not benefit from selling to small businesses as they need to meet certain economies of scale to remain profitable. However, individual product developers do not have the massive asset or payroll expenses of centralized entities; they can easily fulfill even individual product needs. As a result, small businesses will be able to acquire data products that serve their specific needs and that too at a low cost.
To sum up, Quadrant Protocol levels the playing field when it comes to leveraging data for business growth; this fosters entrepreneurship and innovation.
Essential Quadrant Protocol Links
🌐 Website: https://www.quadrantprotocol.com/
💡 Whitepaper: https://RepuX.online/wp-content/uploads/2018/03/RepuX-ICO-Whitepaper_v1.08.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
💻 Telegram: https://t.me/quadrantprotocol
Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
Twitter: https://twitter.com/HassanS95
Telegram Group: https://t.me/ICO_Chunks – Keep up with ICOs
What are your thoughts on data, Quadrant, and the opportunities available to small businesses?
You have so important articles. The Quadrant is the best data advantageous I have ever seen. Your listed links so useful. Thanks for sharing.
Thank you!
And yes, blockchain technology offers some natural benefits to the data market; Quadrant is making the most of it.
Nice project. From their Road map, testnet is supposed to be running by now.. What seems to be the problem?
Oh, but the testnet is live.
Check it out :)
Team even wrote an article with details on it: https://medium.com/quadrantprotocol/quadrants-testnet-is-live-955d747098e7
Timely I see May 4th. Join the telegram group. Hope it works out. Thanks for the info.
You're Welcome.
It's good to see projects stick to their roadmaps.
Yea, it shows seriousness and accountability... Hope to see More Viable ICOs from you in future time.
I'll be writing on a very interesting one very soon!
And if you are into ICOs, you can join this Telegram: @eyeseeohs
Lots of talk but the community is able to pick out some really good ICOs before whitelists end and they curate pools.
Thanks mate, found it..
Nice
Thank you!
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Thank you!
I appreciate the support :)
@hatu, Wow! This is awesome. Quadrant has given small businesses a great data advantage and will also help the save money spent too.
I guess most small businesses adopting Quadrant protocol will be able to make a higher profit than usual.
I tried making a logo for Quadrant, look cool?
It definitely levels the playing field for the small guys. And wow, that's a great logo, but I don't think the company will change theirs now. Haha they've had their current logo for a while already and the brand has built in.
yea @hatu, Also read about it's help in reducing fake and unauthentic data by allowing data consumers to know the origin or source the data comes from, that's pretty cool too😉😉
That would definitely be one of its top benefits since there's a growing problem of fake data propegating misinformation.
It was a really great post, so glad I read it @hatu
Happy to hear that!
Interesting post. Thanks
Glad you liked it!
I try my best :)
Thanks a lot @hatu!
This is the most powerful blog post i have ever seen.
Wow, Thank you!
Haha is it really that great 🙃
Hello sir it is very heplfull for me becouse i am new in crypto market .few day befor i buy some ico in EO coin It is good idea or no.
Sure, which ICO are you considering?
I'd be happy to look into it :)
Excellent information you give,thanks for sharing.
You're welcome.
Glad you liked it :)
@hatu what inspiring opportunities u have brought to the world quadrant and protocol are has given some business little to save
Thank you :)
i joined your telegram channel and participated on this contest hope i will be the winner and will participated in your futur proggrame.
Hi,
The Telegram contest is here: https://steemit.com/contest/@hatu/giveaway-350-sbd-guaranteed-awards-easy-money
Please refer all questions about it there.
by the way nice and very essential article
Thank you :)
continues to become more important for many segments of industry, including banking, retail, and automotive manufacturing. Many large corporations depend on the quality of data and the completeness of the data analysis to formulate goals and strategies. For this reason, they want to validate their business intelligence system. One of the validation providers is Gartner Inc., an advisory firm based in the United States. They rate BI systems according to their position in the market and the direction of their acceptance. They also analyze the maturity of the providers as well as the experience and expertise of the participants. Gartner presents this information with a unique visualization tool called the Gartner Magic Quadrant. @hatu