The flow of data that most companies need to make their algorithms work is enormous; most marketing strategies depend on the accuracy of this data to target a specific customer base and nearly every startup with a half-decent budget has to deal with data brokers at some point to begin their campaign on the right foot.
This is where most of the problems begin since the people trading data and selling it doesn’t have the actual means to know or understand what they are selling or even if it is authentic and suited to needs of the buyer. And why should they? Their business is to sell the data by the bulk to generate revenue. What the entrepreneur does with it it’s entirely up to them.
Sorting the Data, Fixing the Problem
That’s where a company like Quadrant gets an opening. They are one of the few companies looking to provide a useful solution to manage actual data targeted for a specific purpose. The main goal of the company is to develop an application that lets users create a blueprint that allows them to authenticate data and stamp it using smart contracts.
With the verified data now in place those who need it can purchase it and put in motion a reward system that will grant all the parties involved proper compensation for the work done to create this brand new data bank. Since every step of the process is handled using Blockchain technology, there is no way to create a map of false data. Thus everybody wins in this scheme.
The Internal Nomenclature of Quadrant
While the people working at Quadrant are no eccentrics, they have chosen to refer to every player engaging their platform differently. For instance, data producers are called “Nurseries” and since they are the ones generating the information that will be traded on the platform they get a big share of the rewards generated in the process. All the data collected and verified by the smart contracts is referred to as a “Constellation.”
The people doing business by selling and trading with this data, commonly called brokers, are referred as “Pioneers” and their job it’s also to motivate the continuous creation of new Constellations. Finally, there will be a special team dedicated to linking all the existing constellations into mega-databases. These guys are called “Elons.”
How the Quadrant Ecosystem is being programmed
The Quadrant ecosystem is being designed to work in centralized and decentralized fashion. The platform will work based on proof of authority protocols for increased security and filter all the malicious data from entering the network. All transactions inside the platform will be handled using two specific types of currency the eQuad and the QUAD.
The eQuad will be the token offered on the presale as the QUAD reaches the final stages of preparation and design. It will be tradable by QUAD which is the main token that will be used inside the ecosystem to stamp the data and to handle the rewards programs for every single one of the players in the platform.
The offering by the people of Quadrant seems to bring some order into a rather chaotic market; we can learn more about how they plan to do it by visiting the Website, Telegram, ANN, Bounty Thread.