The demand of data volume required to feed the algorithm needs of the industry is increasing day by day but at the same time the problems attached to data economy are also increasing. The main problem is faced by small companies, they face hard time competing the large corporations and because of lack of resources their access to the reliable and authentic data is also limited, the data they can access is generally fragmented and of questionable authenticity. Therefore, the small companies fail to compete the large corporations in creating innovative algorithmic solutions that are based on data.

A Key to Innovation

Quadrant is a blockchain based protocol that helps to tackle the problems faced by traditional data economy by providing the means to access, create and distribute the data products and services which can be verified for authenticity with established provenance. There is enough data but it is fragmented and unmapped, also the authenticity fails to meet the specific requirements. Quadrant provides an opportunity for mapping fragmented and disparate data sources. It will also certify the data authenticity and the origin by data stamping.

The key factor that is restricting the access to authentic and reliable data supply is lack of incentive for data producers. Quadrant will facilitate creations of smart contracts for disparate data sources and fair compensation for the data producers. It will create a mechanism in which the data producers will be paid each time the data is used not just for the initial sale, as the same data can be used by multiple companies for different applications. This will incentivize the data producers and will encourage them to supply data that meets authenticity standards with established provenance. This will also help the small companies which are not rich in resources to access the authentic data required to feed their algorithm needs.

Company

Website: https://www.quadrantprotocol.com/
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3676988.0
Telegram: https://t.me/quadrantprotocol
Twitter: https://twitter.com/explorequadrant
Facebook: https://www.facebook.com/quadrantprotocol/

My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1887821