Changing The Data Collection Landscape With Blockchain!
In the light of the recent scandals with Facebook and Cambridge Analytica, things are about to change when it comes to data sharing. Granted that we use online services for free in exchange for our data, this is no excuse for the invasion of our privacy. We need to develop technologies that make sure that our information and the overall digital footprint is stored safely. With the help of blockchain technology, we might be able to do that.
Companies that offer data protection and ownership services are emerging out of this technology stack; it will be interesting to see which ones rise to the top.
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Quadrant: the place to be for all your data product needs!
In the current data market, there are two types of endeavours, those who have the algorithmic know-how but lack the necessary data and those who collect significant amounts of data but lack the data preparation skills required to create meaningful insights. Recently, companies started to acknowledge the power of data, seeing the success of bigger companies like Amazon, naturally, everyone is trying to emulate it now, and how they do it? Well, by buying data from shady third-party brokers hoping that the provided data is legitimate.
The solutions that plan to change the game are here!
The Quadrant ecosystem will solve all of these issues by operating a blockchain infrastructure. By providing a mapping mechanism, users will be able to join disparate data to create actionable insights. With the help of data stamping and the creation of data smart contracts, data buyers can fully trust the authenticity of the data and data providers will receive fair remuneration for their provided services to the network. By promoting a transparent data marketplace, the demand for factual data will surely skyrocket.
So how does Quadrant differ from any other data platform? Well, it gives bright minds the ability to find linkages between data that result in data suites that solve real-world problems. These individuals that take on this task will be rewarded proportionally for their efforts with a real store of value.
The network makes use of two cryptocurrencies in the form of eQuad and QUAD.
QUAD – is a utility token used solely on the network to stamp the data and support access structures while also managing subscription payments.
eQuad – is the ERC20 based token that will be sold during the token generation event, this token can be exchanged for QUAD once the ecosystem main net is deployed.
The team is looking to raise 20 million USD as their hard cap, and if at least 7 million is raised, the contributions will be subjected to a 4-year lock-up to ensure the stability of the platform, long-term. The price per eQuad is set at 0.05 USD, and the total supply of eQuad is set at 1 billion tokens. Individuals and organisations who wish to participate will be subjected to KYC and AML checks as well as the internal whitelisting processes. To find out more about this innovative platform go to our Website, Telegram, ANN and Bounty Thread
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