ENHANCING DATA USAGE : THE QUADRANT PROTOCOL

One thing the internet has made very easy, is the usage and transfer of data. Every second, data keeps moving from one point to the other, all over the world. A lot of resources however is involved in ensuring that businesses that are dependent on data can function effectively. Despite the fact that it seems like there is access to a lot of data, it has been discovered that there are some problems hindering the effective usage of data. We have small companies that need the data for Artificial Intelligence projects but cannot access the data because it is expensive to acquire, and for some small companies that are able to get a fraction of the data they need, there is the problem of the authenticity of the data, furthermore, there is the problem of the data ecosystem not being buoyant enough to sustain the system, hence, data creators cannot get the incentives they deserve when the data they provide is used and shared. However, solution has been proffered, as blockchain developers have worked endlessly to come up with a system capable of tackling the issues disrupting the use of data, and with the blockchain technology came a protocol called Quadrant Protocol.

QUADRANT TO ENHANCE DATA USAGE

Quadrant is a blockchain based data protocol that was created basically to facilitate better data production, better access, and effective distribution of data services and products which will be authentic and at its core will be a function of provenance. Further functionality of the protocol will be dependent on the use of data stamping for support and to also prove that the data is authentic. Hence, consumers will be able to trust the authenticity of the data, and the creators/producers of the data will get their deserved compensations when their data is used. The protocol comes with transparency, to encourage companies get access to data with proven authenticity

FUNCTIONALITY

The Quadrant Protocol with its unique capabilities is able to function with systems that are either centralized or decentralized. Quadrant Protocol’s architectural structure consists of the core Quadrant blockchain, Data Anchor, Guardian Nodes, Data Producers, and Data Consumers. While other blockchains primarily function with the Proof of Stake (PoS) and Proof of Work (PoW) consensus algorithm, the Quadrant Protocol uses the Proof of Authotrity consensus algorithm that gives the protocol the ability to carry out faster transaction processes, deal with more transactions, have relatively low cost of operations, and guarding the system from bad nodes. For the constellations, the protocol uses a system called Elon, which creates links within the constellations and in the process create larger constellations that will be useful to data consumers who will use the data for designing and creating systems that will have the ability to solve problems happening in the real world. Functionality of the whole Quadrant Protocol is dependent on the use of 2 different cryptocurrencies that have different purposes. These currencies are called eQUAD and QUAD.

QUADRANT TOKEN INFORMATION

TOKEN SALE: 26 JUN – 26 JUL
Ticker: EQUAD
Token type: ERC20
ICO Token Price: 1 EQUAD = 0.0422 USD Fundraising Goal: 20,000,000 USD
Sold on pre-sale: 15,000,000 USD
Total Tokens: 1,000,000,000
Available for Token Sale: 40%

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PARTNERS AND DATA PROVIDERS

TEAM BEHIND QADRANT PROTOCOL PROJECT

For more information on quadrant protocol please visit

Official website: https://www.quadrantprotocol.com
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Telegram: https://t.me/quadrantprotocol
Twitter: https://twitter.com/explorequadrant
Facebook: https://www.facebook.com/quadrantprotocol/
Youtube: https://www.youtube.com/channel/UCy7l4FOQNYYPabC4Fmjk2yw/featured
Linkedin: https://www.linkedin.com/company/quadrantprotocol/