Introduction
The decentralized blockchain platform works best with a clearly mapped and authentic data for its algorithms. This is why there is every need to bridge the gap between those that have the resources to collect and store their own data and those who do not have this capacity. The data that those users who do not have the capacity to manage their data have are usually fragmented and with dubious authenticity.
This is where quadrant comes in, to bring solutions by proffering a blueprint for mapping disparate data sources.
Problems Of The Current Centralized Data Platforms
Wide AI data gap; There is a gap in the artificial intelligence (AI) data between those that have access to the resources and those that do not. The data is most times scattered among different industries in various forms. This makes it difficult for small companies to access the volume of data they need due to the cost of acquiring such diverse data. But for large company that have the resources to acquire and store these AI data are almost immune to this problem. A solution that can harness and gather all these data for everyone's use is missing.
Fake and unauthentic data; There is fake and unauthentic data in circulation. The result of this is that with unauthentic data as the input the result is always not good, bringing to mind the agelong saying -garbage in garbage out". This problem arises because data is easy to fake, copy or misrepresent and some of the data vendors do not care the kind of data they vend but the money they generate in return.
Unsustainable data ecosystem; No individual or data harvesting company will agree to produce data and distribute it without getting any reward for the job. This is one of the problems that affects everyone from the producers to the consumers because when the data is not sustainable by the producers, the consumer may not have any other alternative than to seek help from less than reliable sources and usually at cut throat costs.
Unfair revenue distribution; revenue distribution in the system is lopsided as the data producers are paid just once for the data they produce. But data vendors (middlemen or intermediaries) take the lion share by selling one data over and over thereby casting a shadow over the revenue distribution chain.
Quadrant Protocol Solutions
The Quadrant Protocol is designed as a blockchain - based network with decentralized properties that will enable the creation, access to and distribution of data based products and services with all authenticity and originality at its core. It will be an almost perfect scheme that offers an organised system of decentralised data and their utilization.
Proof of authenticity; Quadrant will use blockchain technology to facilitate trust because it offers immutable record of all transactions and activities. All data will be publicly stamped so that its origin and source will always be known. Any stakeholder can access the provenance of data at any time.
Constellation for disparate data; the Quadrant Protocol will build a constellation that will bring a level playing ground for all data users. This will bring all disparate data sources together in a way that it will be easily obtainable.
Fair remuneration and incentive sharing; the Quadrant Protocol will make revenue sharing and incentives public so that stakeholders know what everyone gets at the end of the distribution chain. Utilizing the blockchain technology, Quadrant Protocol will ensure that data vendors do not monopolize the profits as is obtainable in centralized platforms. All participants in the distribution chain will have direct access to one another and to their merited profits and since all information is stored in the public ledger of the blockchain, every activity once written is unalterable and transparent.
Token Information
The quadrant network will use two currencies, the QUAD and eQUAD. The former is a major component of the system and will be used solely on the system. QUAD is also non-refundable functionality utility token and an indispensable pizart of the system to be used for incentivising.
eQUAD is an ERC20 standard compliant token on the Etherium network. It can be obtained through the ICO. eQUAD holders can convert it to QUAD at the ratio of 1:1.
For more information here are some of the project's useful links
https://www.quadrantprotocol.com/
Btt ANN Thread
https://bitcointalk.org/index.php?topic=3676988.0
Telegram
https://t.me/quadrantprotocol
Written by:
Ebykamsiokoro
BTT Profile Link
https://bitcointalk.org/index.php?action=profile;u=2047938;sa=summary