Quadrant is making great real world use of blockchain technology. They are creating a protocol that allows for the distribution, creation, and access of data services and products using blockchain. The current systems for data can be chaotic and unorganized. With Quadrant, it will be a blueprint for utilization and organization of decentralized data. It will also work with centralized data as well. Three of the most important features of Quadrant are proof of data authenticity, incentive sharing and fair remuneration, and constellations for disparate data sources.
Proof of data authenticity is a key aspect to all data economies. This makes using blockchain a perfect solution due to its unchangeable and accurate historical records. All data using Quadrant will be stamped for record of its origin. A stakeholder may review this information at any time. Without trust, a data economy simply cannot function. Blockchain can provide that trust.
Constellations in the Quadrant protocol are their idea to connect data sources so that they can be used by anyone. It is their hope to allow data to be built upon, instead of people having to create the same thing over again.
Incentives and remuneration will be performed automatically. When a product is sold on the Quadrant network, payment is automatically distributed between the appropriate parties. In the event that there are millions of contributors, the Quadrant protocol can handle micro payments in the form of their QUAD token. DataStreamX is an existing marketplace for data, and they will help provide services for development to Quadrant.
Both the eQuad and QUAD tokens will be used by the Quadrant Network. QUAD is designed for exclusive use on the Quadrant Network. The eQuad token will be the ERC20 token which can be traded. This can then be converted into QUAD at a later time. Find out more about the Quadrant protocol be viewing the links shown here.
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