QUADRANT: A BLOCKCHAIN-BASED PROTOCOL FOR MAPPING DATA WITH AUTHENTICITY…
INTRODUCTION
Most people in a business environment have heard the expression ‘data is king’. A lot is happening in the market today, as data continues to explode at unprecedented levels. Compliance is no longer an option, but a requirement. The push to cut costs and embrace the new data technology yet still maintain authenticity of your data has never been more critical.
At the same time, the need to safeguard against data breaches is an absolute must. And, the necessity to gather as many insights from your data as possible could be the difference between success and failure for many organizations.
The solution for data industry that would be available to the ecosystem in order to overcome these data challenges is called QUADRANT.
WHAT IS QUADRANT?
QUADRANT is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. The data economy is similar to space; unmapped and chaotic. QUADRANT serves as the blueprint that provides an organized system for the utilization of decentralized data.
EXISTING PROBLEMS IN THE DATA ECONOMY
Data use in the Ecosystem has some negative sides which are summarized below:
• AI Data Gap: Small companies struggle to create AI innovations because they lack access to the volumes of data their algorithms need.
• Unauthentic Data: The data small companies do have access to produce poor algorithm results due to its questionable authenticity.
• Unsustainable Ecosystem: Data Producers lack the incentives to provide the volumes of authentic data required because they only get compensated for the initial sale
THE SOLUTIONS TO THE PROBLEMS BY QUADRANT
QUADRANT is here to provide sustainable solutions to the existing problems in the data ecosystem which are briefly discussed below:
• QUADRANT aims to build the data economy around the silos that large data-hoarding companies like Google and Facebook create, thereby diminishing their power.
• QUADRANT also aims to address the non-transparency issues in the data industry, which lead to a lot of fraud where companies are hiding their sources. With the transparency promoted within QUADRANT, companies will be able to trace the data sources for compliance purposes, as well as ensure that they get the data they paid for and that it is what they want for their application.
• QUADRANT ensures that all the data providers within the value chain receive proper and fair compensation, as the original creators, dubbed as the nurseries, are often left out when it comes to the profits generated by the data they provide aggregators or companies.
QUADRANT TOKEN
QUADRANT will utilize two different currencies for its network, namely; eQuad and QUAD
QUAD: is a utility token is designed to be used solely on the network.
eQuad: is an ERC-20-compliant token that will be sold during the Token Generation Event (TGE).
Total Supply: 1,000,000,000 eQuad
TOKEN SALES INFORMATION
Public Sale: 26th June, 2018 – 26th July, 2018
Soft Cap: $3 million USD
Hard Cap: $20 million USD (May be updated to peg to ETH)
Currencies for Buying Token: ETHEREUM
eQUADS DISTRIBUTION
40%: Will be for the Crowd-sale
20%: Shall be for Stakeholders
20%: To be held by Company
10%: To be Reserved
10%: For the Team
ROADMAP
Here is a well structured roadmap to achieve the aim of the Project:
THE TEAM
Meet the brains behind this amazing Project and also the Advisors Board:
ADVISORS
In conclusion, the QUADRANT Project has come to revolutionize the data usage in the ecosystem and I have no doubt that the project is here to positive transform the data industry as the team are made up of experienced individuals in the data and blockchain technology. It would be a good investment decision to participate in the ongoing token sales of QUADRANT.
Get connected anytime with the Project for more information, updates and participation using the links below:
WEBSITE: https://www.quadrantprotocol.com/
ANN THREAD: https://bitcointalk.org/index.php?topic=3676988.0
TELEGRAM: https://t.me/quadrantprotocol
WHITEPAPER: https://www.quadrantprotocol.com/whitepaper.pdf
FACEBOOK: https://www.facebook.com/quadrantprotocol/
TWITTER: https://twitter.com/explorequadrant
WRITER'S DETAILS
BitcoinTalk Username: cryptoblezin
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2178561;sa=summary