Quadrant protocol overview - decentralized data on the blockchain system
The Quadrant protocol is a blockchain protocol that provides reliable data for both manufacturers and suppliers.
The scope of obtaining and providing data is not ideal and has a number of critical problems that do not fully spread the wings. One such problem is the lack of authenticity about the data. Also, there is a sharp question about the possibility of data storage, thus there is a gap, between those users who have this opportunity, and those - who do not have it. The work of algorithms occurs at an established pace only when the reliability of the data is indicated correctly, and reaching this consensus is a rather difficult task.
In order for suppliers to provide quality algorithms, it is necessary to heat them with the right jerks. There is an uneven distribution of rewards, which entails a complete lack of momentum. Thus, both sides destroy and kill the demand, which is necessary for the information ecosystem.
The Quadrant protocol intends to create a special algorithm that will be responsible for the validity of the data. This will be implemented using a plan for mapping disparate data sources. Thanks to this, it will also be possible to use smart contracts that will have enhanced remuneration system capabilities.
Smart contracts are designed to restore the confidence of consumers of data and to win lost positions. In addition, the consumer will receive a fee for using the services of the site. This will also benefit large companies that will be able to receive realistic data, which undoubtedly will improve the quality of the entire ecosystem as a whole.
Quadrant protocol architecture
The Quadrant protocol system will be aimed at ensuring the processing of transactions in large volumes, this is expected to be implemented through the use of an agreement mechanism. For the uninterrupted operation of the network, a reliable node is required, which will protect against external threats, the Proof of Work algorithm will be used for this. Transactions within the platform itself will have a minimum commission. The Quadrant protocol architecture will work on the Ethereum site, with the ability to switch to any other platform in the future, if necessary.
The Quadrant protocol
The network protocol has the ability to interact with disparate data. The technology of the blockchain carries out the association of the community with the protocol, which in turn helps to soberly assess the situation of optimization of development. The algorithm is configured in such a way that there are no questions about the certification of data and their work capacity.
Data verification protocol
In order to verify the received data from the suppliers, they must get into the block chain, which scans the received information and gives out their authenticity. After verification, the data can be successfully used within the system itself.
Guard nodes
Data that is stored in a block chain can not be exposed to external factors, since they are securely protected by the storage nodes that are responsible for the integrity of the data. This in turn ensures the implementation of new transactions on the network.
Open "constellations"
Buy or sell data on the platform Quadrant protocol will be available using the "constellation". It is this function that will be responsible for executing the transaction under certain conditions that will be characterized between the participants. The presence of smart contracts will make participation in the Quadrant protocol equal to all users.
Conclusion
The Quadrant protocol platform has a number of positive factors for solving the pressing problem that the developers intend to solve. The sphere of obtaining and exchanging data requires changes and new technological solutions, since today's situation only benefits intermediaries participating in transactions.
The project has an excellent opportunity to loudly declare itself and "throw out" an excellent product on the market, the idea of which they are now so much promoting. In general, a number of large companies and investors are already interested in this product, and already at the early stage of fundraising, the project attracted 15,000,000 million dollars of investments. This suggests that this idea is relevant and the community supports it. It remains only for the Quadrant protocol team to bring the matter to its logical conclusion.
Project Contacts:
Website: https://www.quadrantprotocol.com
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Twitter: https://twitter.com/explorequadrant
Telegram Group: https://t.me/quadrantprotocol
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3676988.0
Author: https://bitcointalk.org/index.php?action=profile;u=2076422