WHAT MIGHT HAPPEN IF DATA CHAOS OCCURS?
Hello guys. Today we will be briefing into the problems in the data economy in relation to the blockchain and also possible solutions to these problems.
As we all know data being a major element in today's world and technology, likewise is it also facing several problems. Most technology today makes use of data in its processing to execute certain functions. Now, looking into these problems, we look at problems of data authenticity i.e. fake data, which tends to reduce analytical algorithm. Another major problem is disorganization in the data economy. We also look into the data collection itself. There is currently a huge gap between those who collect data and those who need the data bringing about unfair data distribtution in the ecosystem.
In short, the data economy is growing with a whole new level of developing technologies such as Machine Learning and Artificial intelligence. These developing technologies will require a foundation for decentralized data exchanges and also a solution to prevailing problems in the data economy. On this note, i will be discussing Quadrant protocol whose concept provides a solution to the problems in the data economy and also futuristic solutions in the ecosystem.
Quadrant protocol
Quadrant will simply establish an ecosystem, more like a base where data sellers and data users can trust each other to exchange data and also AI services. Quadrant protocol is simply offering a blockchain based solution for the creation, and launch, of both data products and services that will support proof of data authenticity, creation of smart contract and also reward data suppliers.
Quadrant protocol simply works by mapping out dissimilar data and make it available to all customers. It simply creates a protocol which allows others to utilize their data verification consensus model. The system of data authentication uses hash stamping and masternodes to achieve this. speaking of its features,
- stamping of data for authenticity, allowing data buyers to trace and have proof of who created the data.
- They are empowering the brightest minds to work on creating new products and services on top of Quadrant known
- Fair Remuneration and Incentive Sharing.
- Data Smart Contracts (called Constellations) for Disparate Data
Sources.
The stakeholders in the data ecosystem will benefit from Quadrant Protocol. By stakeholders, we refer to: Nurseries, Guardians, Elons, Pioneer. The nurseries are the Atomic Data Producers (ADPs) that create the original data records. They create Stars (raw data), which can then be grouped into Constellations.
The pioneers are the Data Vendors that create data products with the smart contracts on Quadrant ecosystem. The Pioneers are going to organize all of this data into something useful for the Elons. The guardians are the master nodes that protect the integrity of the chain, ensuring that it is not compromised. The Guardians ensure that the Constellations created by the Pioneers are not compromised and provide the services of stamping, authenticating and verifying data. The elons are the visionaries that utilize the created data products and with them, build new and unique products and services. They rely on Constellations and Constellation blueprints to make sense of the data space, which they will travel through. The Elons are going to polish the data analytics and feed it to data consumers and businesses. The businesses are going to pay a fee in QUAD tokens to purchase the data products.The Elons are going to polish the data analytics and feed it to data consumers and businesses. The businesses are going to pay a fee in QUAD tokens to purchase the data products.
Quadrant protocol has been up to great updates. First, Quadrant's testnet is live. Secondly,they made a partnership with Bluzelle. Which is perfect because of Bluzelle's working area. In conclusion, the team behind the project has been making moves to making this project great. Check out links below to know more about Quadrant protocol.
About Token sale and distribution
QUAD tokens will not only be used to purchased data products but will fuel transactions between each level of the protocol as well as be used in staking for Elons and Guardians.
Ticker: EQUAD
Token type: ERC20
ICO Token Price: 1 EQUAD = 0.0500 USD
Fundraising Goal: 20,000,000 USD
Total Tokens: 1,000,000,000
Available for Token Sale: 40%
Token Sale Dates: June 26th, 2018
Roadmap
To know more about this project, Visit:
Website: https://www.quadrantprotocol.com
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Telegram: https://t.me/quadrantprotocol
ANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
Telegram: https://t.me/quadrantprotocol
Reddit: https://www.reddit.com/r/quadrantprotocol/
Medium: https://medium.com/quadrantprotocol
My Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1048662
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