QUADRANT PROTOCOL REVIEW
Every second, tons of data gets sent to different parts of the world for different purposes, and these data is what a lot of businesses depend on to thrive. However, data and its usage has continued to experience different problems which has resulted in discrepancies with the use of data. One of the problems with the data economy is the inability of small companies to get access to big data for the creation of technological innovations with Artificial Intelligence, and this is because access to big data for A.I. is usually so expensive to acquire. Another problem rocking data economy is the fact that when small companies get access to some data, they always encounter problems that are as a result of unauthentic data. Furthermore, there is also the problem of the producers of data not being able to offer a lot of authentic data, because the ecosystem is not sustainable and cannot give them the incentives they need. In light of these problems, blockchain developers have found ways to use the blockchain technology in solving the problems plaguing the data economy, and this is why a platform was created for this particular purpose, called the Quadrant Protocol.
Quadrant and Data
This blockchain based protocol was created to enhance the production, access and distribution of data services and products that are authentic and also has provenance as a central feature. The protocol will use data stamping to support and prove the data’s authenticity. Basically, the protocol will be able to ensure the consumers of data are able to trust its authenticity, and that data producers also get compensations for the usage of their data. Quadrant Protocol is transparent and was created to for companies to get unhindered access to the most authentic data available to be used. The Ethereum blockchain is the anchor holding the protocol to the blockchain network and may be changed to some other public chain in the near future, if it is required to do so.
How Quadrant Protocol Works
The Quadrant Protocol was created to function with both decentralized and centralized systems. The protocol has an architecture that is made up of Guardian Nodes, Data Anchor, Data Consumers, Data Producers, and the central Quadrant blockchain. Unlike other blockchains that function with the Proof of Work or Proof of Stake consensus algorithm, the Quadrant Protocol functions using the Proof of Authority consensus algorithm, which will enable it process transactions much faster, take care of more transactions, prevent bad nodes from accessing data, and also have a lower operational cost. One of the potentials of the Quadrant Protocol is the ability to use ELONS for finding links that may occur between various constellations, which will then result in larger constellations which Data Consumers will be able to utilize in creating systems capable of solving real world problems. The Quadrant Protocol will function while using two different currencies, namely- eQUAD and QUAD which are for different purposes.
Useful Links
Website: https://www.quadrantprotocol.com/#
Twitter: https://twitter.com/explorequadrant
Telegram: https://t.me/quadrantprotocol
Ann Thread: https://bitcointalk.org/index.php?topic=3676988.0
Data is important for any analysis but accurate and authentic data is even more vital to the success of analysis. Quadrant protocol providing consumers of data with accurate and precise data is priceless and that's why this project interests me a lot. Thanks for this wonderful piece of article
Using data stamping, quadrant will be able to full acquire and diatribute authentic data that is without any form of compromise. Quadrant protocol is priceless indeed.
This is certainly a solid project and i am very bullish on this one
I am bullish as well.
Safeguarding users data is paramount, Nice development from Quandrant team
Yes, there is need for reliable data sources and that's what quadrant is bringing to the table.
This is a fantastic project. I would be researching more into this project as i look into the whitepaper. Fantastic project