The Problems Facing the Data Economy- Quadrant
How Quadrant works?
The design of quadrant allows it to work with both centralized and decentralized services. It is built on an architecture that contains anchor, data consumer, data producer, core quadrant blockchain , and guardian nodes. It will be able to operate at lower cost, handle greater number of transactions, block malicious nodes that enters data into the network and overall faster transactions.
Security is considered as a very important amalgam in quadrant . For security purposes it uses an external proof of work chain as anchor. For now it uses etharium blockchain as an anchor. But in future it will be replaced by any public chain if necessary. For its network quadrant will use two different currencies. One of them is eQuad and the other is QUAD. eQuad is designed as an ERC-20 complaint token. quadrant will sell eQuad during token generation event. On the other hand QUAD is designed as a utility token. It will be used only on the network.
It will help quadrant in lot of ways like supporting simple and complex access structures with simple and complex subscription payments, stamping data and staking which will be performed by Elons. After the quadrant mainnet is launched eQuad can be converted into QUAD through a gateway.
What are the problems faced by data economy?
Data economy today is facing some major problems. Differences between companies those have and haven’t data storage is rising. Modern and more advanced algorithms are losing their values for unauthentic and fake data feed. Revenue distribution system is unfair for original data producers.
| ICO NAME | Quadrant |
|---|---|
| Website | https://www.quadrantprotocol.com/ |
| WhitePaper | https://www.quadrantprotocol.com/whitepaper.pdf |
| https://twitter.com/explorequadrant | |
| Telegram | https://t.me/quadrantprotocol |
| ANN Bitcointalk Thread | https://bitcointalk.org/index.php?topic=3676988.0 |
| Author Bitcointalk ID | oscarclows |
|---|---|
| BTT link | https://bitcointalk.org/index.php?action=profile;u=1769225 |
| ETH ID | 0x74fC3dD1Ce23826800e7675e039fAb8F1cC37390 |