The Data Industry, A Universe That Can Be Recreated On The Blockchain

Sometimes, when you want to make a particular system operate more efficiently, simply improving some of its components proves not to be enough. In such instances, when a multitude of issues and defects have almost compromised the respective network, it is better to start again, from scratch. Because this way, you will benefit from all the lessons learnt in the past experiences, you will make use of the new technologies and solutions that the modern economy recently developed and, moreover, your chances of being received more enthusiastically are going to improve greater. In fact, restarting something turns out to be the natural option when facing a system that keeps on failing but has never been turned off, right?

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Revolutionizing the data industry of today

This is the approach that Quadrant chooses, in addressing the modern data sharing model. In fact, it is a genuinely unique blockchain based platform designed to ease the participants reach, to simplify the creation, and boost the distribution of data services and products. For this, it created a protocol that aims to recreate (from scratch) a system that can be compared to a technical plan - a construction that is made up of multiple components, with clear flow and numerous interactions.

Who is Quadrant currently addressing?

Quadrant wishes to give companies (as well as organisations, institutions and so on) the chance to obtain the data they need and create a more transparent data market; here, everything will be completely traceable, all participants will be rewarded for their efforts and a more responsible environment will be created.

Technically speaking, this protocol will:

• Enable an infrastructure that allows an exchange of DaaS and AI services, between multiple interested parties.
• Allow data traders sell their information by using smart data contracts (learn more about smart contracts here)
• Give the buyers the opportunity to acquire the data they need, at any time and trace its origin and its authenticity by using the Quadrant data stamping verification solutions.
• Permit DaaS and AI service companies to develop new services and products by using all that this network has to offer

In doing so, it manages to address the most critical issues that affected this economy and moreover, to fix the problems that were so pressing for all participants in this system.

Understanding the ecosystem Quadrant has created

To gain a better perception of how will this protocol operate, we must explain the way its participants are renamed and how they manage to interact, within the platform. The name itself (Quadrant) and the name of the components (nurseries, constellations, pioneers, elons and guardians) seem to be a perfect representation of how this new data universe could be created and run:

• Nurseries - all original data is generated here, in something that can be called stars (these stars, just like in the actual Universe we are part of, can be brought together into constellations)
• Constellations - these are the smart contract that search and group numerous data sources, placing them into a single data products. It’s important to understand that these data products, in fact, are being later traded amongst participants.
• Pioneers - by using these smart contracts, pioneers create data products
• Elons - their role is to develop new products and services, by relying solely on the data products
• Guardians - security is of great importance in Quadrant; that is why these components manage to keep the integrity of the processes intact, at all times; moreover, they assure the services of stamping data into the system.

Care to learn more about this bold project that has the potential to change the global data industry? Head over at Website, Telegram, ANN, Bounty Thread and understand all the benefits of this platform, find out how info about the ICO and the browse through the whitepaper!