Quadrant Protocol: Introducting Order into the Data Economy

cryptoboss12 (40)in #data • 6 years ago (edited)

Big firms such as Netflix, Ebay, UPS or the popular Uber makes use of data on a large scale. Data collation, and segmentation is a very big part of their existence.

As much as these firms rely heavy on the availability of data to survive, they are often constrained due to many problems going on in the data economy. Inasmuch as they suffer on one hand, they are also guilty of creating some of the problems themselves.

Just recently, Mark Zuckerberg of Facebook was under the heat, as news of his socail organization illegal usage of users data spread through every nook and cranny. Ever since then, I have seen several companies like Twitter and Instagram reviewing their data access and usage policy.

Most of the time, they can get away with the fraud they perpetuate as most people feel reluctant to go through the ambiguous and often lengthy terms and conditions. Usually, most users just scroll down, agree to terms they never read and move on.
This has been how most of the big firms carry out data theft without any repercussions.

The Quadrant Protocol is a blockchain-based protocol that will help loosen the grip of these firms on its users, by creating an ecosystem that will encourage easy access, creation, and distribution of data products and services. The creation of this platform will help checkmate these negative actions of the organizations.

Since the Quadrant Protocol is blockchain based, all transactions records on it are open for authorized view. By creating such a transparent platform, the sources of data collated or sold can be verified through the Quadrant Protocol. This addresses the problem of data transparency in the traditional data economy.

Proper data monetization is also carried out excellently on the Quadrant Protocol. The protocol ensures that the direct data vendor is the one who gets paid. Unlike the rigid traditional data economy where firms collate users data and monetize it to their own advantage. This is a crime.

With the incorporation of the Quadrant Protocol, every legitimate data owner gets paid for releasing his data for any use whatsoever. This will help to curb the ongoing data theft going on in the society on a daily basis.

Having a target is great, but whats greater is having a realistic mode of implementation. The Quadrant Protocol hopes to solve all data economy problems by the utilization of a data smart contract. This smart contract represents a binding document between the data vendors. Transactions done here are trusted and verified, as the Quadrant Protocol uses a unique data stamping verification system to ensure authenticity.

By utilizing DaaS (Data as a Service), the Quadrant Protocol is able to facilitate easy data access, in a timely and secured manner. How the DaaS will operate depends on the Quadrant Protocol schedule. Data transactions can be concluded successfully and almost immediately, irrespective of the vendors or organization geographical location.

It not only employs the Daas, It incorporates AI (Artificial Intelligence) which will assist the platform in high quality data analytics. It is able to do this by providing an in-depth data survey and identifying unique patterns.

It is not only an AI or DaaS inclined organizations that can make use of the Quadrant Protocol. Individuals, Software developers, Colleges and Universities can also utilize this bright platform. To make use of the services on this network, do well to reach out to the team through the contacts I will be leaving at the end of my post.

TOKEN
The platform will utilize a dual cryptocurrency on its network, the eQuad and the QUAD tokens. The QUAD is the principal token for use within the Quadrant Protocol ecosystem. It will be used as a means of making payments on the platform. Whereas the eQuad is an ERC 20 token that is strictly meant for placeholders on the network.

To utilize the network benefits, users have to purchase the eQuad tokens, which can then be converted into Quad tokens for use on the platform.

TOKEN SALE

Price; 1 eQuad= 0.05$
Softcap: $3,000,000USD
Hardcap: $20,000,000 USD
Total token supply: 1,000,000,000eQuad
Token Type: ERC 20

Token Distribution
40%= Crowdsale
20%= Company
20% =Stakeholders
10%= Reserve
10%= Team

Countries restricted from participating in the token sale: USA, Canada, New Zealand, Belarus, Ukraine, China, Korea.

KYC/AML Required: Yes. Participation is dependent upon passing this.

Unsold Tokens: Held for reserve

Funds Distribution