QUADRANT PROTOCOL: REMODIFYING DATA SHARING AND INCENTIVE MECHANISM

obiobi (12)in #bockchain • 6 years ago

Most business setups in the modern clime if not all require unreserved access to huge data which can be used to improve their efficiency. Efficiency connotes that which transcends over its hundreds of customers. However, given the excessive cost and collation difficulties associated with the collection of accurate data over time, it is pertinent that businesses, organizations, governments, corporate bodies and other users of data take just proactive measures and adopt discerning approaches towards providing commensurate incentives for data collectors and collators in order to provide accurate data.
Every entrepreneur or manager knows that the success of businesses lies with its ability to access a reliable source of quality data. Therefore, the entrepreneur needs to find out the sources of data available, who is willing to give data and how such will be adequately compensated (incentive). It is necessary to ascertain if the data collected could be enough to propel a high degree of insight for action and adequately help develop a predictive mechanism that can drive more business prospects as well as opportunities.
Collection, collation and effective dissipation of data requires strategic techniques that can stand the taste of time. Even though there seem to be a handful of objective techniques for collection of data and giving out an incentive for such, time to time reviews have shown that they are mostly impeded by so much data from diverse sources, which will with time overwhelm the business aims and later cloud the authenticity of the business plan.
Blockchain strives to automate and reorganize the analog processes of data collaboration and incentives for data. Quadrant is a blockchain protocol developed to ease the collection and dissipation of data origin and in turn ensure the development of products and innovations that are data propelled. The quadrant blockchain ecosystem has a hashing algorithm that is used to authenticate data whenever it joins the network. This hashing algorithm has achieved the seamless possibility of ensuring that the data given in exchange for incentive within the ecosystem are not just adequate but genuine as well. Quadrant perspective is unique as it is built on blockchain and possess the ability to democratize data. Quadrant is coming on the hills of challenges of inequality, data exploitation & paucity of authentic data.
PROBLEMS IN THE DATA ECOSYSTEM

AI data gap: Small companies struggle to create AI innovations because they lack access to the volumes of data their algorithms need. This causes a lot of problems in the data economy.
Unauthentic data: Due to the questionable authenticity of data available to small companies, they produce poor algorithm results.
Unsustainable ecosystem: Data Producers lack the incentives to provide the volumes of authentic data required because they only get compensated for the initial sale
BENEFITS OF QUADRANT PROTOCOL
Data stamping: quadrant protocol will stamp data for authenticity, allowing buyers to trace and have proof of who created the data.
Constellation creation: quadrant protocol dares pioneers to venture, enabling them to create the first data smart contract and are deployed to create new data products.
Enriched data and services: quadrant empowers the brightest minds to work on creating mega constellations- new products and services on top of quadrant.

QUADRANT TOKEN
The quadrant token eQuad is an ethereum ERC-20 blockchain based token which will be used to ease payments on the quadrant ecosystem and as well propel the project network. The eQuad token details and public sales details are as follows:

Ticker: eQuad
Token type: ERC-20
ICO Token Price: 1 eQuad = 0.0500 USD
Fundraising Goal: 20,000,000
USD Sold on pre-sale: 15,000,000 USD
Maximum token supply: 1,000,000,000 eQuad

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