Quadrant Protocol : Revolutionising the data market
Importance of data.
21st century is the beginning of digital age. Everything that humans used to do on paper -- posting letters, storing information, is all digitalised today. We rarely use handwritten letters and there are rarely any companies or other services that have handwritten records. With data giants like Google and Facebook -- that have close to 1 billion daily users, the amount of daily data produced is massive. The digital age has revolutionised the way we deal in data. These simple bits and bytes of data are often the most valuable possessions today - from your social platform login details to the nuclear launch codes of the biggest nations are all stored in secure locations in 1s and 0s.
Apart from this secure personal information there is a huge amount of regular data produced by users on social media other interactive platforms -- data which may not seem valuable to you but is the most prized possession of these platforms. Let's talk about Google. Google keeps a track record of all the searches you make on its search engine, the type of Twitter users you follow, the type of YouTube videos you like to watch and the type of emails you send using Gmail. This gives Google enough information to make your detailed profile and then accordingly show you the best advertisements according to your profile. For example- You keep looking up about ICOs and cryptocurrency on google and its services, that is exactly what the 'google add sense' will advertise to you. It is the same with Facebook and many other platforms. Advertisements are the prime source of income for most of these data giants.
Machine learning is one of the hottest research topics today but one of the most important demand of the developers and scientists is to have access to 'authentic data'. Data is the key ingredient to fuel the machine learning algorithms and its authenticity is a must for better and exact results. However there is a very small amount of population that seems to understand the importance of their data and even a smaller population that can keep it secure. There are data brokers and vendors that can pay you good sum of money to get authentic data. However this is not the case today. No matter how valuable the producer's data is, rarely is the user incentivised to have it accessed by third parties.
There is no transparency and incentivizing policy in the data market which provides unauthentic data and unreliable data which makes the best of the algorithms useless. Further, there are no means to fairly distribute the revenue among the data producers and brokers.
The Quadrant Protocol
Quadrant is a blockchain based platform that aims to revolutionise the data market and provide means to fairly distribute revenue among all the parties in the network, and thus provide for authentic data as the end product. Quadrant maps disparate data sources so that new, innovative data products can potentially be created to help companies meet their data needs.
The above picture shows the integral parties in the quadrant platform.
The quadrant ICO and token details.
The platform will create a new ERC-20 token eQUAD to facilitate all the data transactions made using the quadrant platform in future. After months spent preparing, reaching technical milestones, and forging strategic and commercial alliances, Quadrant Protocol will launch its public ICO on June 26^th^ and will last until 26^th^ of July 2018.
ICO details
Soft Cap :$5M USD
Total Hardcap (Private Pre-sale + Public): $20M USD
Token Price: $0.05 USD
Tokens For Sale (Pre-ICO & ICO): 40%
NOTE: Only whitelisted applicants are allowed to participate in the sale
Conclusion
It is an undeniable fact that the data industry suffers with a lot of problems and the quadrant protocol seems to be addressing all the major ones. However, given the transparency provided by the blockchain, a transparent and efficient data market is somewhat a very common idea. There have been many platform addressing the needs of the data market with the help of the blockchain in different ways but equally efficient. The Quadrant protocol is definitely efficient and good but it is far behind in the competition and when it is live it will have many other platforms to compete with.
Website -- https://www.quadrantprotocol.com/
Whitepaper -- https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
ANN -- https://bitcointalk.org/index.php?topic=3676988.0
Telegram -- https://t.me/quadrantprotocol
Published by dannywhelan
Profile - https://bitcointalk.org/index.php?action=profile;u=1606458