QUADRANT: Decentralized Data Ecosystem Based On the Blockchain Technology

The world is moving at a rapid pace, and with the integration of latest technologies in businesses, people are adapting to the changes. Our interaction with the multiple tools of the digital world produces a volume of data. These volumes of data are being used by companies to create better products and improve experiences. The challenges associated with the data economy are as follows; the presence of unauthentic and fake data, which reflects poor results from the algorithm, and Widening AI data gap.

There are many small sized companies who do not have the resources of the big companies, and they are unable to procure data from the fragmented industry. The other problems in the industry are unsustainable data ecosystem and unfair revenue distribution. The players of the industry are not fairly rewarded for their contribution in the ecosystem. The consumers, the vendors, and the data producers are the key stakeholders in the industry. The demand for authentic and reliable data is at its peak. Companies are looking for a solution to solve the challenges of the data economy. Do you think that a solution is possible for the industry?

Solution Offered

QUADRANT is creating a solution for the data economy. A protocol is being developed by the company, which enables the creation, distribution, and incentivization of data. The needs of company's data requirement are always kept in mind while mapping the data from disparate sources. Decentralized data solution is provided to the users of the platform. There are multiple stakeholders on the platform such as Nurseries, Constellations, Pioneers, and Guardians. They represent a different data production and maintenance capability. Utilizing the blockchain technology, each data is publicly stamped to prove its authenticity. Data stamping protocol is utilized for the purpose of stamping the data on the platform.

Fair distribution of the revenue and incentive is guaranteed by the platform. Multiple benefits for the different stakeholders of the platform are being developed by the team. Data consumers on the platform are provided with the authentic and reliable data so that they can produce best results. Data producers have the capability to sell their data and check its usage. The Elon on the platform are people who map out similarities and differences between the different data sources and develop innovative data products.

QUAD is a native cryptocurrency utilized on the platform for payment and settlement between different participants. It is also utilized for the incentivization on the platform. The other usage of the QUAD Tokens is subscription payments, stamping of the data and accessing the services on the platform.

ICO INFORMATION AND TEAM

1,000,000,000 eQUAD Tokens are created for the project. 40% of the total tokens are reserved for the crowd sale. 35% of the funds will be distributed to the business and network development, while 30% of the funds will be spent on research and development. The exact dates for the token sale are yet to be announced. The team behind this project is experienced in the fields of the blockchain technology and data management.

Conclusion

Producing actions on the applications, solving real-life challenges and collecting the results are the three different kinds of works that many companies do. The decision making capability and product market fit challenges are being taken care of by the application of large volume of data. DataStreamX is the first client to utilize the services offered by the platform. Data-hungry companies will be provided with the authentic data so that they can produce relevant products.

IDC estimates that the revenue from the big data and business analytics to be 200 Billion dollars by 2020. Complex problems are being solved by AI which requires large volumes of data from diverse sources. There has been a sharp increase in the data analytics capability of companies to improve their product portfolio and customer satisfaction. What do you think about the future of the products and services which will be created by utilizing the platform?

Website: https://www.quadrantprotocol.com/

Whitepaper:https://www.quadrantprotocol.com/whitepaper.pdf

ANN: https://bitcointalk.org/index.php?topic=3676988.0

Telegram: https://t.me/quadrantprotocol

Published By:Kishan748
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