QUADRANT PROTOCOL: Introducing Authenticity and Originality to the Data Economy
The data economy is an emerging economy that points to the capacity of businesses and ventures to take the advantages of big data and analytics as a corporate valuable to make important business decisions. Data quality has recorded a tremendous change in quality over the time; it is no longer a stock/bulk of digital information, such as databases of names and other personal data. Rather data has metamorphosed into a lucrative economy of analysing continuous real time flow of unstructured data (photos and videos generated on social networking platforms), huge data extracted from hundreds of sensors in a jet engine and large amount of information from commuters on their way to work.
Howerever, this booming economy is threatened by some irregularities such as: the section of the public that has the resources to collect and store their own data are very few compared to those that can't boast of such resources to do so, numerous fake and adulterated data flying here and there, unfair/lack of motivational revenue for original data producers and unsustainable data in the ecosystem due to poor compensation for data producers.
Blockchain technology is a transparent and trusted decentralized digital ledger records that remains resistant to change. This technology is associated with creative ideas such as decentralized cryptocurrency and smart contracts. In the data economy sector, blockchain technology based protocols can be effectively deployed to the production, access and distribution of authentic and real data items. With this technology in place, operation costs will be minimal in addition to trust and transparency in the data economy.
About Quadrant Protocol
Quadrant protocol is a blockchain based protocol that permits the access to, production and distribution of real/authentic data products and services alongside its (data) source or roots. This blockchain based protocol serves as a model which makes available an organised system for the effective use of decentralized data. Quadrant protocol seeks to serve as a model for mapping diverse data sources, support data originality and ownership through data stamping and fair remuneration/motivation sharing formula.
Key Features
- Proof of data authenticity and provenance: Based on the transparent and trust reputation of the blockchain technology, data on the quadrant protocol will be required to be publicly stamped so that its source or origin will be known. Client software would be on ground to stamp and verify data.
- Constellations for disparate data sources: Constellations (smart contracts) shall introduce a fair level playing ground for everyone to access data they need at when they need it. It will also serve as a key tool in gathering diverse (disparate) data sources in such a way that they can be used by data consumers to compete with big firms.
- Fair remuneration and incentive sharing: With this in place, pioneers on the quadrant protocol will no longer worry of the manual process of calculating how much incentive each nursery deserves when aggregated data product is sold on the quadrant network.
- eQuad and Quad tokens: eQuad is an ERC-20 standard token based on the Ethereum network which will be sold on the quadrant platform. On the other hand, the Quad token is the native digital cryptographically secured utility token on the Quadrant network. Qaud provides a comfortable and secured method of payment and settlements between participants interacting on the Quadrant network. eQuad can be converted to Quad through a gateway channel; this can be done when the Quadrant network mainnet would be launched.
Token Sales Details
Quadrant protocol has put up a total of 1,000,000,000 eQuad tokens for sale. Currencies accepted for transaction is the Eth, exchange rate will be 0.05USD per eQuad. Public sale start and end dates shall be announced later. Hard cap is pegged at 20million USD while soft cap is pegged at 3million USD. Token distribution follows this pattern: 40% for crowd-sale, 20% for company, 20% goes for stakeholders while 10% is for reserve and team respectively.
Team
The team behind this project is armed with experienced persons from the data industry with recognition, this project will be a huge success as the partners incorporate gurus with an enormous amount of knowledge in the blockchain industry.
For more information:
Website: https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Telegram: https://t.me/QuadrantProtocolAnnouncements
Ann thread: https://bitcointalk.org/index.php?topic=3739014.0
My bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1708600;sa=summary
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