The blockchain is the main technology advancement of late and in the lips of everyone. Data is as important as human existence because almost all we do rely on data, and not just data but the one with integrity and reliability.
Data is vital in powering most of today's algorithms. Mind you not just any data, but vast amounts of authentic data. However, getting authentic data have become impossible for most data buyers. The playing field for the acquisition of authentic data is not fair, as only the major corporations get access to authentic data. The data have-nots or minor players only get access to data that's often fragmented and of questionable authenticity. These data when fed to the system, produces inaccurate results that might jeopardize their operations. The main reason why some data lacks authenticity is due to the fact that the suppliers are not properly incentivized to create or provide accurate data. There is an unfair distribution of revenue between the producers of these data and vendors. Data vendors, in this case, are major corporations and network providers that accumulate the data of users, without proper incentives for the data suppliers.
For this reason, Quadrant aims to provide accurate proof of data by creating a blueprint for mapping the sources of data. Through data stamping, this platform will provide proof data authenticity and origin, enables the creation of smart data contracts for different data sources, and provide accurate compensation and remuneration to the data producers or suppliers. Therefore, companies and data consumers will be able to trust the data they acquire, and data suppliers will be able to receive fair incentives for the data they share. In addition, data vendors will have the incentives to create a network of data sources. In short, this is a win-win situation for all involved participants in this platform.
Features of Quadrant
Quadrant utilizes the following features to provide solutions to the problems facing the acquisition of authentic data for today's algorithms.
Proof of Data Authenticity.
The very foundation of data economy is built on trust, and there's no better platform to make this happen than blockchain technology. Blockchain ensures a trustworthy system, since it contains an immutable activity history. Based on blockchain technology, the blockchain platform will require data stamping of all data, in order to verify their sources. So, how does data stamping work? Let's use this example; a data producer will hash his daily data and transfer the DNA stamp of the data to Quadrant. Therefore, when the data receives the data, then it will verify with Quadrant to see if the data received is similar to that produced. Then, Quadrant will verify the request.
Creation of Constellation for Distinct Data Sources
Quadrant created constellations to serve as a means of leveling the playing field in the acquisition of data. It is a means of bringing together distinct data sources in such a way that they can be utilized by data vendors and consumers, hence, allowing them to compete with big corporations.
Fair Incentives Sharing
Once again, we see the constellations of the Quadrant Network in action, as it helps data pioneers to know exactly which nurseries contributed, and how to share incentives fairly without any miscalculations. These calculations will be carried out without inconsistencies since the Quadrant platform will ensure every participant is well renumerated.
For more useful information please visit the below links;
Website: https://www.quadrantprotocol.com/
Whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Tekegram: https://t.me/quadrantprotocol
Medium: https://medium.com/quadrantprotocol
Twitter: https://twitter.com/explorequadrant
Linkedin: https://www.linkedin.com/company/quadrantprotocol
Author's bitcointalk username: mayukus4life
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1777715
This project is outstanding. Have seen many news about it. But I want to ask, have the ICO started???
It's ongoing sir.