Decentralizing Data, On The Ethereum Blockchain
It’s not every day that you hear of how big is the data industry, right? Did you know, for example, that recent estimates show that the total revenue generated by the big global data and business analytics has reached $130 billion (only in 2016)? Moreover, the International Data Corporation expects this number to grow at over $200 billion, by the end of 2020! All sorts of companies and organisations (including businesses that operate with Artificial intelligence) are always in need of fresh, authentic data, from numerous sources. Other companies are in desperate need of data - because information is the basis upon with trends are detected, multiple problems can be addressed, and the development of relevant products and services can be run.
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To create a proper protocol to enable quicker, more responsible and more transparent access to data, the Quadrant Network has been launched. This platform is based on the Ethereum blockchain and aims to create a new data ecosystem, in which participants can obtain vast quantities of data; also, its purpose is to integrate this system into medical data and the Internet of Things.
Currently, the data economy is affected by a series of issues that, unfortunately, have managed to compromise more of its components. For example, its becoming harder and harder for small companies to obtain the data need (in AI field and not only); the results they generate are often unsatisfactory, due to the reduced resources they own the inability to check, in the first place, for the authenticity of the data; members in the data market are not always acting responsibly in regard to their transactions and contracts. Can this unsustainable ecosystem be transformed through the tokenisation of this system?
Quadrant Protocol’s answer is yes! In fact, it's strategy is to address these problems by developing a revolutionary blueprint that can create an innovative system for all decentralised global data. For this, it introduces the concept of Data Smart Contracts, it produces new products and services and tokenises its transactions.
Understanding the tokens that fuel the Quadrant Protocol
This platform will implement two distinct currencies - eQuad and QUAD, designed to operate together and maintain the excellent functioning of the network. The last one is the utility token of Quadrant, meant to be operational only inside the platform. On the other side, eQUAD is designed to function as an ERC-20 standard compliant digital token (on the Ethereum blockchain) - it will be traded or exchange like any other cryptocurrency, soon after the Quadrant main net is active.
A quick summary of the token sale
The soft cap is set at $3 million/the hard cap is set at $20 million
eQuad will be purchased only with ETH
Its price is fixed at $0.05 (1 eQuad)
The eQuad supply is 1,000,000,000
Distribution numbers: 40% eQuad will be available during the crowdsale, 20% will be held by the company, 20% will be received by its stakeholders, 10% will be set as a reserve, 10%will be received by the Quadrant team
The public sale is soon to be announced
Read all about the tokens economy and find out more about the token generation event, the products and the technical details, at
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