QUADRANT PROTOCOL: PROFERRING SOLUTIONS TO BOTTLENECKS ASSOCIATED WITH DATA CREATION AND UTILIZATION

crypto4ruby (37)in #data • 6 years ago (edited)

Data driven technologies continue to transform our economy and society. In the past 10-15 years, we have witnessed an explosion in the amount of digital data utilized. From the internet, social media, scientific equipment, smart phones, surveillance cameras and many other sources. Undoubtedly, data will deliver important scientific, technological and medical advances. Unfortunately, the data economy is plagued with quite a number of problems such as inaccessibility of data users to required amount of data needed, circulation of fake and unauthentic data, and poor compensation for data producers. However, a blockchain based platform named Quadrant protocol has emerged to ease the bottlenecks experienced in the data utilization economy.
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Quadrant protocol is a blockchain based network protocol that enables the access, creation and distribution of data products and services with authenticity and provenance at its core. Quadrant aims to provide an organized system for the utilization of decentralized data and solve other problems experienced in data economy.

PROBLEMS FACED IN THE DATA ECONOMY
• CIRCULATION OF FAKE AND UNAUTHENTIC DATA
Data business like every other lucrative, money making venture is exposed to alteration in originality. There are lots of fake, unauthentic data circulating out there and more challenging is the fact that data consumers find it difficult to identify the real data from the unauthentic ones, as a result, data consumers are skeptical to purchase data from data vendors because the use of fake data could result in drastic consequences.
• INACCESSIBILITY TO REQUIRED AMOUNT OF NEEDED DATA FOR AI ACTIVITIES
Artifical intelligence, a branch of computer science responsible for the creation of intelligent machines that work and react like humans require large amount of data to carry out its activities. However, only large companies have access to this required amount of data because they have the resource required to purchase, collect and store the volumes of needed data. Smaller companies who do not have the resource to collect or store data in their required volume are limited to producing desired results
• UNSUSTAINABLE DATA ECOSYSTEM
The present data ecosystem is not sustainable as many people are not willing to pay for data consumed. Continual access to free data is not feasible. Data producing firms requires monetary compensation and proper revenue sharing for them to sustain their stream of production.
• UNFAIR REVENUE DISTRIBUTION
Original data producers only get served peanuts despite the amount of efforts they put into producing data. Data vendors who sell the data make more income as they have the capacity to resell the same data, thereby benefitting even more than the original producers of the data. This is quite unfair and not motivating to the original data producers.

HOW DOES QUADRANT PROTOCOL INTEND TO ACHIEVE ITS AIM
The following stake holders, introduced by Quadrant protocol would be responsible for the achievement of its aim:
• Nurseries: These are the atomic data producers that will create the original data (raw data), these datas are further grouped into constellations. The nurseries would be able to track the utilization of their data on the blockchain, hence they would be appropriately numerated for any data provided regardless of the quantity they produced.
• Pioneers: These are data vendors that create data products with data produced by Nurseries. They will only be able to achieve this with data stamped on the blockchain, thus making it easy for them to prove ownership of their products. Also, they will be verified by quadrant network as transparent, legit and trusted supplier of data products.
• Elons: These are the users of data products created by pioneers for building new products and services. They would develop new data products that would meet the challenges of the future.
• Guardians: They are master nodes that confer adequate security on the network.They ensure that products created by the pioneers are not tampered with. they are also responsible for stamping, authentication and verifying data.

FEATURES OF QUADRANT NETWORK
• Proof of data authenticity: the use of blockchain technology by quadrant protocol is to promote transparency amongst all stakeholders. Since all data will be publicly stamped and verified, their origin and source will be known and can be traced at any given time
• Constellation for dissimilar data sources in order to bring them together in such a way that they can be used by pioneers, elons and end data consumers.
• Fair remuneration and incentive sharing: As explained earlier, pioneers would now be able to know exactly how much of their produced data was sold on the network and they alongside every stakeholder would be compensated adequately for their efforts

TOKEN
Quadrant Network will utilize two different tokens namely: QUAD and eQUAD. QUAD will be used on the network while eQUAD which is a token based on the ethereum blockchain (ERC-20) would be sold during the token sales and can later be converted into QUAD after the network mainnet is launched.
TOKEN SALES
Token to be sold: eQUAD
Type: ERC -20
Soft cap: $20million
Hardcap: $3million
Currencies to purchase with: ETH
Price: $0.05=1eQUAD
Maximum Supply: 1billion eQUAD

TOKEN DISTRIBUTION
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