Get Quality Data Via Quadrant Protocol

phlaser (42)in #blockchain • 6 years ago

If there is anything that help projects the growth of any company, then it is Data. At intervals, all companies or establishments seek data collation from end users of their products in order to understand the customer's opinion and how well to improve to serving them better.

Data is information that is given in numbers or codes and interpreted via statistical tools or more advanced/sophisticated tools. Data can be gotten from anyone depending on target audience by the companies.

Data collection has been a serious issue in our current time. Even with the availability of Internet that was presumed would ease the process of data collation, has caused more harm.

PROBLEMS IN CURRENT DATA COLLECTION PROCESS.

Fake and Unauthentical Data Entries: Most companies contract their data collation processes through agents to help manage. Thus making it more difficult for them to verify the authenticity of each data given.
Unfair Revenue Distribution: Participants always feel reluctant to give out their data to agents when there's little to nothing to motivate such act. Such agents gain more by selling the collated data to third parties over and over again.
AI Data Gap Between Small and Big Companies: There big gap betweem how small and big companies collate data. Artificial Intelligence (AI), which is a machine that react and analyse situation like the human brain, needs an enormous amount of data to work effectively. Big companies have the resources to use the AI but small companies suffer a lot.
Unsustainable Data Economy: This is peculair to small companies wanting to get data for free, which on the long run is worthless. Participants thus stop producing data to such companies.

To put an end to the above problems and ensure sustainability and security of participants data entry, i present to you QUADRANT PROTOCOL.

This is a decentralised ecosystem that's based on the blockchain technology with authenticity and provenance at its core. Quadrant protocol permists access to, creation and distribution of data products and services. Been embedded on the blockchain technology, it provides security and transparency to user data.

QUADRANT FEATURES
In order to solve problems in the current data economy, quadrant will have the following features in place:

a. Fair Remuneration and Incentive Sharing: Quadrant protocol ensures that data producers (nurseries) are automatically paid adequately as at when due without any middleman interference.

b. Proof of Data Authenticity and Provenance: With the blockchain technology in use, the authenticity of each data is guaranteed. Blockchain helps to keep record histories and activities in the ledger publicly. Also quadrant protocol will ensure all data are stamped publicly so that the origin will always be known.

c. Constellations for Disparate Data Sources: Constellations are in charge of data collation from disparate sources such that they (data) are available to all stakeholders as at when needed. New businesses are allowed to build on the available data from others rather than creating a fresh one, as well as permits individual to earn renumeration when data are converted to valuable products.

QUADRANT TOKEN
Quadrant Protocol utilises two tokens, which are QUAD and eQUAD. QUAD is the native digital token of the Quadrant Network ecosystem that is only allowed ok the platform. eQUAD on the other hand, is a token embedded on the ethereum blockchain (ERC-20) would be available during the token sales. As soon as the mainnet goes live, eQUAD can be converted to QUAD.

For more information about Quadrant protocol, kindly visit:
Website: https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Twitter: https://twitter.com/explorequadrant
Telegram: https://t.me/quadrantprotocol
Facebook: https://www.facebook.com/quadrantprotocol/
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