Every historical era has been characterized by a valuable resource that shaped the activities of the era. Resources such as gold and oil have influenced human activities throughout history. Gold is still being used as a measure of wealth while oil has been termed as the ‘black gold’ due to the high demand of oil and its products. A resource that has come up as a result of technological advancement especially of portable devices and in connectivity is data. Data is arguably the most valuable resource for all companies at this point in history and almost certainly will be well into the future.

Growing data needs

Just like gold and oil, data has to be refined to achieve its true value. There is a growing need for both raw and refined data. Demand for refined data is however higher as it can be quickly used by data consumers to achieve desired results. The data produced also has to be accurate as false data will definitely lead to wrong choices made by data consumers and subsequently loss of revenue. Quadrant has therefore come up as the solution for mapping decentralized data. It understands the challenges facing the data market and the needs of stakeholders within this market. Its platform will accommodate all data stakeholders, providing them with the resources that they need through connecting stakeholders such that they all participate in service provision of their data requirements.

Digitization is causing more companies to adopt machine learning, artificial intelligence and artificial general intelligence in a bid to attain the highest standards in service provision and product delivery. This has further increased the need to accurate raw and refined data by various firms.

Limitations of the current data market

Most enterprises are in need of data to refine their services and products. Whether as large as Google or as small as upcoming start-ups, the usefulness of data cannot be overlooked. Larger corporations find it easier to obtain data that they need because of economies of scale which gives them this access. For smaller companies, getting the required data is difficult. They have to spend a lot of money which they may not even have at their disposal. Here are some of the ordeals companies go through in the search for accurate data:

➡️High data costs especially for small companies.

➡️Inaccurate data provided by data vendors, some are just there for the money and not for the service.

➡️Repetitive data from different sources.

It’s not just companies that suffer, data producers also go through the pain of not being remunerated enough for the service and product they produce. More often than not, data vendors are the ones who make the most in the data industry. They get raw data from producers at a low price; sell them to multiple clients at a higher price while making huge profits in the process. The data producer only gets one payment even though their data is used multiple times once it’s out of their hands.

Quadrant’s solution to the data industry

Blockchain’s work in transparency and security in transactions is going to be applied by the Quadrant team to solve the data quagmire plaguing the growth of various companies. Quadrant’s platform will have data producers (nurseries), data vendors (pioneers) and Elons. Elons in the Quadrant platform are described as ‘the brightest minds’ by Quadrant as their task involves piecing together data from different data pools known as ‘constellations’ or data smart contracts and using this data to solve real world problems.

Here are some of the features set to change the data marketspace through quadrant:

✅Proof of data authenticity and origin.
To combat the spread of fake data in its platform, all data produced by nurseries will be stamped publicly to give the data source and history. Pioneers will also have to hash data to be sold to data consumers within the platform to allow consumers to confirm that the data they received from pioneers is authentic.

✅Constellations for disparate data sources.
World changing ideas can come from these constellations according to Quadrant and they may be right. Data from different sources can be grouped together depending on the need of a client or a problem that needs to be solved. Pioneers, Elons and other data consumers can then come up with the right connections to solve these problems.

✅Fair remuneration and incentive sharing.
Quadrant cares about all the stakeholders in their platform. Its platform advocates for fair sharing of revenue generated within the platform depending on the work done by each member. Each contributing nursery or pioneer will receive their fair share whenever their data is used in the platform. Remunerations will be done through the Quad, a utility token in the Quadrant platform.

With these three features in place, the following are benefits stakeholders are likely to receive through the Quadrant platform:

✔Data consumers will get easier and cheaper access to feed their data needs. If it is in artificial intelligence, machine learning or even to carry out a private study, Quadrant places itself as the best option with accurate, legitimate and authentic data.

✔Elons have the license to be creative through the Quadrant platform and their innovations could change the world.

✔Pioneers and nurseries will have the chance to generate revenue through the platform by providing data related services such as production and refining of data.

The data provided by Quadrant can then be applied to solve various problems such as:

1. The source of traffic by mapping routes most people are likely to use in towns.
2. The effectiveness of advertisements through various media.

These are just two examples but through the innovation of Elon’s more are likely to come up.

The Quadrant platform will be fueled by the Quad token which will be used to pay for various services within the platform.

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