QUADRANT PROTOCOL; CREATING AUTHENTICITY IN DATA
INTRODUCTON
Data can be defined as a set of values of qualitative or quantitative variables. It can be seen as facts and statistics collected together for reference or analysis.
Digital data are needed in vast amount for daily calculations but the data economy is filled with irregularities and non authentic. This is due to the fact the suppliers of data are not properly leaded. There is no revenue for distribution of data from both producers and supplier.
A Giant (QUADRANT PROTOCOL) has taken up the challenge to remedy the discrepancies surrounding the data economy.
QUADRANT PROTOCOL
Simply put, Quadrant Protocol is a blockchain based network protocol that enables authenticity of data. It can be seen as a blueprint for the utilization of decentralized data.
Quadrant Protocol can be defined as a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. Quadrant is structured to work with both centralized and decentralized services.
PROBLEMS IN THE DATA ECONOMY
The data economy faced with various challenges which includes;
1- AI Data Gap; lack of access to adequate volume of data as at when needed
2- Unauthentic Data; the data accessible lacks authenticity and are not genuine
3- Unsustainable Ecosystem; Data Producers lack the incentives to provide the volumes of authentic data required because they only get compensated for the initial sale.
HOW DOES QUADRANT PROTOCOL SOLVE THESE PROBLEMS
- Provides proof of data authenticity and provenance; With the use of blockchain Quadrant was able to establish trust in the business of data economy.
- Constellations for Disparate Data Sources; This simply means arrangement of data in such a way that it can be easily accessible as at when needed.
- Fair Remuneration and Incentive Sharing; With this approach, incentives are been shared accordingly.
To know more about the project, click the links below;
Website : https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3676988.0
Telegram community : https://t.me/quadrantprotocol
Twitter : https://twitter.com/explorequadrant
LinkedIn : https://www.linkedin.com/company/quadrantprotocol/
Writer's Bitcointalk Username : oly4life
Writer's Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1577997
Hey @olyonyeka, the markets are pretty crazy right now. Crypto is back to a weird space but I know long term it's still what we're all hoping it will be! Cheers
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