The best solution to data economy!

THE CHALLENGES

Data is an important aspect of technology as well as all aspect of life. And like every other aspect of technology, there are people who are specialist for data economy. Due to lack of incentives for such individuals, there is a big challenge with data validity, which has given rise to inadequate outcomes.

There are four noteworthy issues confronting the data economy as follows:

1.    An enlarging AI data gap between those that have and those that do not have

2.    Universally fake and unauthentic data destroying the usefulness of any algorithm.

3.    Unsustainable data feeds breaking production system when they go offline

4.    Unreasonable income dissemination for the original data architects.

These aforesaid issues boil down to the fact that the present data system lacks trust, integrity and transparency.

THE WAY FORWARD: ENTER QUADRANT.

Quadrant Protocol:

This is a platform that is conceived as a Blockchain-based system that empowers the creation and sharing of data products and services with genuineness. It is intended to serve as a blueprint to give a well-structured system for the deployment of decentralized data. Going by this goal, creative data products can conceivably be made to enable organizations to meet their data needs.

Quadrant therefore, expects to take care of these issues by giving an outline devotion to mapping dissimilar information sources. It will bolster confirmation of data validness and birthplace through data stamping, the creation of data smart contracts for divergent data sources and reasonable compensation sharing.

Using the Blockchain technology, Quadrant intends to utilize both centralized and decentralized framework which involves the principal of Data producer, consumers, anchor and guardian nodes. Quadrant will work on a Proof of Authority agreement component with the goal that it can deal with more exchanges, work at a lower gas cost, accomplish quicker exchanges, and limit pernicious hubs from entering data into the system. An outer Proof of Work chain will be utilized as a halt for security purposes. For the present, the Ethereum Blockchain will be utilized for security; however it can be replaced by any open chain later on if necessary.

The plan to be achieved via stakeholders

·       Nurseries: These are those that took the first step to produce data originally they are known as the Atomic Data Producers (ADPs) they create unpolished data which will then be worked on to produce and assembled into collections.

·       Pioneers: These are data vendors that make data products with smart contracts on Quadrant platform.

·       Elons: These are great thinkers that turn the unsophisticated created data and construct it into something different and new by understanding the blueprint to guide them in the journey ahead.

·       Guardians: this is the ace or master nodes that secures the integrity of the chain, guaranteeing that it is not trade off especially those made by pioneers and give the service of stamping, validity and confirmation of data.

The following features will be utilized to assist in taking the challenges present in data economy.

·       Proof of data Authenticity and Provenance: this will bring trust back into the system and a fresh air. Blockchain on its own is an ideal competitor to encourage this trust for the singular reason that it offers fixed record of chronicled action. Quadrant will require that all data is openly stamped so its origin will be made known which will enable clarification on the side of the stakeholders.

·       Grouping of dissimilar data sources: this will allow for accessibility and everyone will have good amount of data to use. Also give room for the same data to be used by two or more groups without the need to form new ones.

·       Fair share of compensations: the data pioneers on Quadrant protocol will experience peace of mind because any data gotten from the Nurseries will be accrued the right value and reward for it, nothing less. And the worth of each individual nursery will be automatically calculated and issued out without a need to involve a third party.

·       Elons: these are great thinkers who are able to reconstruct any data into another useful form globally and actually linked dissimilar data and turn it to beneficial data that will profit individuals, small companies as well as large companies.

·       Cross pollination: this will be minimal because all data on Quadrant protocol will be stamped to ensure such data are given out without alterations.

Technical features

·       Data Stamping Protocol

·       Stamp Verification

·       Open Constellations

·       Network Nodes and Clients

·       Data Enhancement by Elons

Benefit of Quadrant for Data producers, Data Vendors and Data Users: Data producers will receive rewards once their data is shared. Compared to the present system where such producers are not rewarded, Quadrant has the producers of Data on their blueprint for good. Same applies to the vendors, they will be encouraged to gather original data to be shared and the users can be rest assured that the data bought is genuine. With this in place, the system will experience fresh air of transparency as earlier mentioned which is a vital ingredient in any business, while at the same time using data smart contract.

Quadrant Token Generation:

There are two types of token available on this platform. The first one is called eQUAD whereas the second one is known as QUAD. The latter is a very useful token that will function as a gate pass to access and stamp data, bolster transparency, what's more, complex access structures, basic and complex membership installments, and for staking by “Elons” (Elon means brightest side of data) while eQUAD is an ERC-20 agreeable token that will be up for sale during the Token Generation Event exchangeable to QUAD when the platform is fully set up.

During the Token Generation Event a hard cap of $20,000,000 and 1,000,000,000 eQUAD will be generated during the token generation event which 40% will assigned for the crowd-sale, 20% for company use, 20% to the stakeholders, 10% to be Reserve and 10% for the team.

Currencies for buying eQUAD: ETH

Price: $0.05 USD = 1 eQuad

 Type of token: ERC-20

The Token Generation Event is open to all to include those who are whitelisted, Non-citizens of United States of America, Canada, New Zealand etc.  

Useful links:

Website: https://www.quadrantprotocol.com/

Ann thread: https://bitcointalk.org/index.php?topic=3676988.0

Telegram: https://t.me/quadrantprotocol

Authored by: https://bitcointalk.org/index.php?action=profile;u=1221175