Surfing the net is something we cannot deny doing on daily basis. From reading up news articles on blogs and websites to signing up for programs on the net, we use the internet on daily basis. Whether our knowledge of data consumption is fine-tuned or not, we cannot help losing our data to those online platforms we visit.
If you’re in doubt, Google, the most versatile platform currently on the net has most of your data. Google offers email and video-sharing services through its Gmail and YouTube platforms. Other platforms such as Google+ and Google Maps are another way Google gathers your data.
It is however funny those platforms that have access to our data either find it difficult using the data at their fingertips and the few that have the insight offer them at exorbitant rates. That was why a new platform (QUADRANT PROTOCOL) was developed.
Quadrant Protocol to the Rescue:
Quadrant Protocol was developed and hinged on the ever transparent network – the blockchain. Companies sometimes embark on promotions of their services and they need your data to achieve this. Given the exorbitant rates placed on available data, such companies might not meet up to the financial demands.
Quadrant Protocol aims at hedging this problem by gathering data from different sources. The platform is well-organized and is designed to work on the blockchain. There are many blockchain platforms developed to solve data problems but Quadrant Protocol is entering the game in style.
The platform allows you create, distribute and have quality access to data as much as you want. According to its developers, the reason behind insufficient data in the market is because users are not rewarded for their data.
Quadrant Protocol wishes to alter the discourse by issuing incentives to users for every data gathered from them. The platform aims at mapping different sources for data gathering.
Data Economy:
The current economic nature of the data industry is not verifiable and companies that purchase data cannot say for sure if the data at their disposal is verifiable. Most times, sources of such data cannot be identified because these companies purchased the data from distribution platforms.
Quadrant Protocol is disrupting this by giving you the power of creating data and using it as well. The platform works using three key features that set it apart from what you get on other decentralized data platforms.
The first noticeable feature is the Proof of Data Authenticity and Provenance. This ensures that you get access to a data’s source. Every data on the platform is made public in its ecosystem. Quadrant Protocol considered the blockchain the best platform to facilitate trust in its platform. The choice was borne out of the immutability of records on the blockchain.
Quadrant Protocol breeds data stamping. Data stamping is a great way of verifying data. It works well when a company receives or purchases data and goes on to verify whether is real or not. With a feature such as Proof of Data Authenticity, you’re sure of getting verified data.
The other feature the platform breeds is Constellation for Disparate Data Sources. Through its data smart contracts known as Constellation, Quadrant Protocol allows you build on existing data and helps you get remunerations for such.
Another great feature on the platform is Fair Remuneration and Incentive Sharing this features allows you get incentives when a product gets sold on the platform. It also automates the selling process down to the payment.
Distribution of Tokens:
Team: 10%
Reserve: 10%
Stakeholders (Operations, Advisors and Security): 20%
Company: 20%
Crowd-sale (Private and Public): 40%
Token Specifications:
Ticker: EQUAD
Platform: Ethereum
Token Standard: ERC20
Total Token Supply: 1 billion eQuad
Exchange Rate: 1 eQuad= $0.05 USD/ 10, 782 eQuad= 1 ETH
Soft Cap: $3 million USD
Hard Cap: $20 million USD
Accepted: Ethereum (ETH)
Participating Countries: New Zealand, the USA, China, Korea and Canada
Quadrant Protocol’s Team:
Advisors:
Partners:
Bottom Line:
Quadrant Protocol was developed to help in data verification through its data stamping feature. The next time you want to buy data for promotional purpose or for other abstract features, Quadrant Protocol offers you the best.
It keeps track of all data and also gives incentives to deserving persons on the platform. The platform is accessed through an open source client and this is essentially great for a platform that tends to promote transparency and integrity.
Visit the links below to get firsthand information about this unique project :
Website : https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3676988.0
Telegram community : https://t.me/quadrantprotocol
Twitter : https://twitter.com/explorequadrant
LinkedIn : https://www.linkedin.com/company/quadrantprotocol/
Writer's Bitcointalk Username : deodivine1
Writer's Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1390292