Digital data market problems
Modern algorithms of artificial intelligence have shortcomings that do not allow to reliably determine the originality of digital content. To track the spread of digital data on the network, these algorithms have to process a huge amount of information, resulting in the original sources are extremely difficult to detect. The sources are quite scattered throughout the network space. But the main problem is to check whether the specified source is original.
Information can easily be forged, which calls into question the usefulness of algorithms. Another problem of the digital data market is the lack of transparency. Small companies get access to data that may be unreliable. Suppliers do not properly monitor the quality of the data transmitted because they do not receive fair remuneration for the information provided. Data continues to "wander" across the network, resulting in the loss of most revenue forever.
Quadrant Protocol solves these problems by providing a structured scheme for displaying and organizing digital information in a decentralized environment. The platform allows to establish a connection between the original data source and all subsequent movements. A smart- contract will increase the transparency of the structure since all data recorded in the blockchain is carefully checked for authenticity before recording. Companies will receive only genuine data, and data providers will receive compensation whenever their data is used.
How the platform works
The main participants of the ecosystem are: Nurseries, Pioneers and Elons .
Nurseries produce "Stars" - digital data. Pioneers stamp and verify the reliability of the source, and then enter the data into a structure called "Constellations". Pioneers receive QUAD tokens as a reward for their activity and contribution to the ecosystem. Elons -are companies that want access to data, for example, for experiments or tests. To gain access, the elons must pay a set amount in QUAD tokens. Initially, fiat currencies will also be supported. As the ecosystem develops, Quadrant Protocol will finally switch to digital tokens.
The performance of the network support Guardians that handle all the transactions and send proof of the reliability of data in the network. Guardians receive tokens as a reward that encourages them to work.
The benefits of the project
Before you get into the system, all incoming data is carefully checked for originality. Only then information becomes open to the public. The platform allows you to track who uses the information and how.
Suppliers (Nurseries) and intermediaries (Pioneers) will receive fair remuneration when their data is used. Suppliers are able to sell information directly to companies, offering terms and doing so on request.
Token economy
There are two tokens in the Quadrant Protocol ecosystem: eQuad and QUAD.
- QUAD tokens are the main component of the platform and are used exclusively for payments and exchange between participants within the system. The main purpose of QUAD tokens is to provide a convenient and secure payment method for ecosystem participants.
- The standard ERC-20 eQuad tokens will be sold as part of the ICO and then converted to QUAD tokens in a 1:1 ratio when the main Quadrant Protocol network is launched.
Detailed information about ICO can be found on the official website of the project:https://www.quadrantprotocol.com/
Conclusion
The project has significant advantages over existing digital data delivery systems and solves current market problems, including information inaccuracy and lack of transparency. Consumers and companies will receive the original data at a reasonable price, and suppliers and intermediaries - a fair payment.
Quadrant Protocol has every chance to become a leader in the digital data market and to bypass competitors with inefficient algorithms to track the reliability of sources.
For More Info Check The Links:
Website: https://www.quadrantprotocol.com/
ANN thread: https://bitcointalk.org/index.php?topic=3676988.0
Bounty Tread: https://bitcointalk.org/index.php?topic=3739014.0
twitter: https://twitter.com/explorequadrant
facebook: https://www.facebook.com/quadrantprotocol/
reddit: https://www.reddit.com/r/quadrantprotocol/
telegram: https://t.me/quadrantprotocol