QUADRANT PROTOCOL; CREATING AUTHENTICITY IN DATA

in #blockchain6 years ago

QUAD MAIN.jpg

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.

quad pi.jpg

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

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