In the era of digital globalization, data and analytics capabilities have become a vexing challenge. In the context of corporate transactions, understanding security and data privacy is crucial. Quadrant has announced the formation of the blockchain-based protocol dedicated to guiding companies through creation and distribution of data services. The Quadrant Protocol will enable enterprises to incorporate valuable data into their daily business processes.
https://www.quadrantprotocol.com
Data integration capabilities
Data has become a critical corporate asset. Coming from a huge array of information sources, data form a rather complex system, namely data chains. One of the biggest barriers that businesses face in data management are organizational. Addressing the sheer diversity of both information sources and data is a key difficulty in the implementation of any data-related strategies. Quadrant proposes a comprehensive set of features in order to enable effective data management.
1. Data authentication. The Quadrant Protocol confirms the origin and integrity of data. For this purpose, Quadrant will implement Data Stamping, a specific procedure for data transactions based on Proof-of-Acquisition. Data producers will deliver a new data input to Quadrant with a system stamp, so that the data input could be verified as soon as data receivers will confirm the information retrieval.
The big hazard of working with multiple data sources is that it involves a risk of duplicating the data. However, taking a data stamping approach will minimize risks of repetitive data purchase.
2. Grouping of distinct data sources or Constellations. The project founders values this feature as a primary core of the system. The successful implementation of this component will bound all system participants and allow to deploy data transactions in full swing. When a new data product should be launched, it usually presupposes data gathering from numerous data collectors. From that point on, all produced data chains will be organized around a single top layers. It will prevent data receivers from simultaneously collecting data coming from all available devices.
Data contributors
Quadrant is a model for data formation, and as such, it involves several data translators who will bridge the platform functions:
1. Atomic Data Producers who will act as Nurseries make the primary data input.
2. Pioneers will access data and create their data products.
3. Elons will work with grouped data, that is operating with advanced system layers.
Guardian Nodes will enable for data stamping and chain protection, as well as for contract creation. They will also host all transactions on the network.
Data consumers
The Quadrant infrastructure is a main basis through which data-enabled companies can gain access to new data and perform relevant transactions. Unlike traditional approach, the implementation of Constellations will have additional values in the consumer space: Sine data sources will not be hidden and top layer of data chain will be acquired, data duplicating will be eliminated. Similar to Pioneers, data consumers will be able to initiate Constellations.
https://www.quadrantprotocol.com
Token Sale Plan
Quadrant will be operated with QUAD, a native utility token, and eQUAD, an ERC-20 Ethereum-based token. All procedures that relate to data authentication, including data purchasing, will be carried out with QUAD tokens. After sale completion, eQUAD, which is a placeholder token, can be converted into QUAD. Public sale dates will be published on the Quadrant website.
Quadrant envisions a concept of data-driven industries. In order to be implemented in practice, Quadrant will establish a multi-layer blockchain-driven ecosystem. To that end, Quadrant will introduce several components for acquiring the capabilities needed to (1) derive data, that is capturing data from in-house interactions and internal processes, and (2) incorporate data into Constellations.
There is no doubt, that Quadrant provides a sophisticated protocol to be implemented in one of the most challenging areas, that is data management. For organizations to profit from data diversity, a comprehensive blueprint for data mapping should be provided. In this regard, Quadrant elaborates a multi-stage mechanism of data performance. This involves aggregating information from different sources with confirmation of data origin, massive data integration capabilities, as well as coordinating data retrieval and access across different data collectors. All these factors are technically challenging, and that is where advanced technologies come into play.
Machine learning has broad applicability in many common work activities. This means that a great number of market players, in particular, companies that rely on artificial intelligence and machine learning, can become potential users of the Quadrant Protocol.
Links:
Website: https://www.quadrantprotocol.com
WhitePaper: https://www.quadrantprotocol.com/whitepaper.pdf
Telegram: https://t.me/quadrantprotocol
Facebook: https://www.facebook.com/quadrantprotocol/
Twitter: https://twitter.com/explorequadrant
Medium: https://medium.com/quadrantprotocol
ANN: https://bitcointalk.org/index.php?topic=3676988.0
Author: https://bitcointalk.org/index.php?action=profile;u=2201409
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.