Data has been playing an essential part in our life. Data is created with a considerable amount, and it is a kind of valuable asset. However, information is something that is not well-organised on its own, and that is also the reason we all hear about “unstructured data”. With the development of technology, Artificial Intelligence (AI) and Machine Learning, we have gradually recognised the importance of data which gives us the insight to everything. The current data economy has encountered some specific problems which need to be solved as soon as possible. The below paper I am going to discuss those problems and how Quadrant – a blockchain-based project is going to help to address them.

The current problems of the data economy

• The first is data security.
  As we may know, data is a valuable asset which is sometimes dangerous or causes inconveniences if being leaked out. For example, the data of governments are precious which needs to be kept in secret and if those data leaks out, it can have an adverse effect on a country. Therefore, the security of the data is among the top focuses of many organisations and individuals which is defined as how safe the information is and the authentication to access the data.
• The second is data fake.
  Some small businesses with a limited budget cannot access to the high-quality data or algorithm which ends up in fake or unauthentic data. Those not-real data may cause wrong decisions in the making of strategic plans of an organisation.
• The third is large data volumes.
  Data is created every day and every second. The problem is how we can maximise the utilisation of those data while it looks like a mess in an unstructured way. With some small companies, they sometimes have some obstacles to building AI algorithms and how to store a significant amount of data efficiently as they may not have a lot of money for that. Therefore, they may lack data storage, and there is an AI gap in building the right algorithms for the data process.
• The forth is the unfair distribution  of revenue
  Free data is not sustainable which leads to the sustainability of the data ecosystem. Data Producers lack the incentives or revenue sharing scheme to provide the volumes of required official data because they only get compensated once for the initial sale.
  And many more.

Quadrant – the solutions for all above-mentioned problems

• Quadrant provides the Proof of Data Authenticity and Provenance.
• Quadrant will provide authenticity which allows data buyers to trace and have proof of who created the data. Trust is the foundation of the data economy.
• Quadrant offers constellation Creation
• Quadrant dares Pioneers to venture, enabling them to create the first Data Smart Contracts and are deployed to create new data products.
• Quadrant provides Remuneration and Incentive Sharing
• Quadrant empowers the brightest minds to work on creating Mega Constellations — new products and services on top of Quadrant protocol.
  Quadrant has a goal to build a platform offering an infrastructure facilitating the exchange of AI and DaaS services among organisations and to develop a blueprint, providing an organised system for decentralised data.
  

Quadrant is a potential project that should be invested in

The above statement is due to the following facts:

• The concept of Proof of Data Authenticity and Provenance is a good concept.
• The team consists of experienced team members who are engaged in the transformation, collection and big data industry.
• The group also successfully launched an MVP test which ensures the ability of the team to implement the project.
• The team also has A+ advisors with Pavel Bains (Bluzelle CEO) on board and Dorjee Sun (the COO of Home – Santiment (http://Santiment.net) which is the leader in the cryptocurrency big data industry). Also, they also have Benedict Chan (EtherLi Multi-Sig Ethereum Wallet (http://Ether.li)’s founder - the first multi-signature web wallet for Ethereum in the world).
• Quadrant is in good partnership with top data provides, including Thomson Reuters which could be a very valuable channel to connect with large enterprises.

Token Sale

In conclusion

Quadrant’s concept can be readily understood by everyone which contributes to the development of the data economy. Is this project a good investment? We are still not sure. The idea of this project is pretty interesting. However, it is also somewhat flawed unless the company discovers a way to get people to use the platform. An empty platform will not be attractive to anyone.
Because of this, study this company carefully before you can decide if this project might be a great investment for you or not. We will be here incase you need any more advice about companies which might be very interesting for investors like you.
The cryptocurrency market is downing right now, and you have to pay attention not to lose the best possible project on the market at this moment.

You can take a closer look at the following links:
Website: https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Author: Tram Nguyen
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile&u=1417448
Contact: maivanhien.2405@gmail.com
Telegram: joseph_ive