With advancement in technology, the demand for reliable and authentic data supply is increasing but at the moment data economy is facing several problems and is unable to fulfill the industry requirements. The most common problems include the lack of access to the volume of data required for small size companies to fulfill the needs of their algorithms in order to create innovations in their Artificial Intelligence. The second problem is the questionable authenticity of data that is available to small companies which results in substandard algorithms. The third problem which is in fact creating the first two problems is the lack of incentives to data producers which are paid only for their initial sale.
How Does Quadrant Protocol Fix the Problems?
Quadrant, which is a blockchain enabled protocol, provides a solution to the problems faced by Data Economy be enabling the access, creation and distribution of required data products which are authentic and their provenance or origin is guaranteed.
There is a huge gap between the demand and supply of reliable and authentic data to fulfill the algorithms needs. Quadrant stamps the authenticity of data which makes it possible for the buyers to trace the origin and source of provided data. The benefit of this is that the data world becomes mapped. Data buyers can link back to where data originated to easily verify the authenticity. The current state of data does not allow this so Quadrant will be the first protocol for mapping decentralized data. Quadrant will provide a blueprint that will help in mapping the disparate and dissimilar data sources, the data vendors or the Pioneers are provided an opportunity to create Smart Contracts which help them to produce new data products.
Quadrant will also provide an opportunity to Elons, the smartest minds to link the individual constellations to create innovative Mega Constellations and that is the key feature which differentiate Quadrant from its competitors.
As discussed earlier, the data producers lack sufficient incentive and are paid for the initial sale only that’s why the data authenticity remains questionable. Quadrant will ensure that the data producers are compensated fairly every time the data is used, this incentive will revolutionize the Data Economy and will create a healthy competition among data producers.
Company
Website: https://www.quadrantprotocol.com/
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3676988.0
Telegram: https://t.me/quadrantprotocol
Twitter: https://twitter.com/explorequadrant
Facebook: https://www.facebook.com/quadrantprotocol/
Proof of Work for https://bitcointalk.org/index.php?action=profile;u=1887821