Quadrant Protocol - A rising star of data industry

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The global big data and business analytics revenue is expected to reach 200 billion USD by the year 2020. To say that there is a lot of potential for data marketplaces to thrive, would be to massively underestimate the industry. In fact the world has reached a stage, where demand for relevant and authentic information vastly exceeds the supply. While large corporations like Google or Amazon can access data sources inside their own ecosystem and not worry about its trustworthiness, smaller companies are often stuck with unreliable data vendors.

Quite a few factors have contributed to this undeniably unfair state of big data distribution:

First of all, the data is generally scattered, as the providers belong to different industries and produce information of different types.

Secondly, the data brokers or vendors can multiply, fake or steal data and then try to resell it. No company would willfully accept such an untrustworthy offer, but unfortunately there is no way to verify the goods.

Thirdly, it is almost impossible to ensure an uninterrupted stream of data. Many projects depend on the data always being up to date and in sufficient amount, otherwise their results are skewed or completely worthless.

And finally, the problem that all other troubles stem from – there is no real incentive for data providers, who are not part of a big corporation, to create high quality information consistently. There is no way to monetize the work done and no way to track how the data is used.

It has become exceedingly obvious that blockchain based solution is what it will take to eliminate these problems and guide the industry into a state of mutual benefit for all involved parties. I would like to turn your attention to Quadrant Protocol – a project with fresh original ideas and a firm grasp on the technology needed to realize their vision.
Quadrant Protocol at its core is a blockchain-based data protocol that enables access to creation and distribution of data products, that offers proper monetization and transparent authenticity checks. This protocol is meant to serve as an easy to use and understand layer of organization, between the user and raw decentralized data.

To get a comprehensive view of how the Quadrant Protocol network will work, it is important to know what parts it consists of:

1. “Nurseries” are the data providers, who create original data - called “stars” on the platform.
2. “Pioneers” are the data vendors, they organize the data input into actual products, “constellations”, using Smart Contracts.
3. “Elons” are the visionaries, experts who can mix and match different stars and constellations to create never seen before products, trying to fit them to the needs of clients.
4. “Nodes” are the security of the network, they make sure that Pioneers only pass authentic and relevant data to the platform.

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The thing that puts Quadrant Protocol apart from their competitors is the fact that the network is designed with an inherent function of mapping disparate data sources, so that new, revolutional data products can be built by users, and in this way provide the best possible, most convenient solutions for data buyers.

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Another important feature is, of course, the fact that Pioneers will know exactly which data was contributed by each Nursery, how many times and in which manner it was used. This will allow to compensate the Nurseries appropriately, and not shortchange them after the data is used over and over.

There are two tokens used on the network:
QUAD – a utility token, for the ecosystem's internal use. All the payments on the network will be performed in QUAD;
eQuad – an ERC20 standard token, that will be sold in the ICO, with the possibility to exchange it for QUAD when the network is launched.
Please check out the links below, to find more information about the token sale, technology and get in touch with the Quadrant Protocol team.

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Just reading through the whitepaper solidified in my mind that Quadrant Protocol is doomed for success. Their data stamping and authenticity checks are so polished and thought through on the technical side, that getting it all to work smoothly is just a matter of time. Thankfully, the Quadrant Protocol development team has plenty of experience in the creation of blockchain based products and stellar knowledge of the big data market. A partnership with DataStreamX, a well-established data brokerage firm and marketplace, has already been secured as a first big step on the road to disrupting the industry.

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What do you think about the importance of data in the 21st century? Have you had any problems with inauthentic data before? Tell me in the comments.

Quadrant Protocol Official Website

Quadrant Protocol Announcement thread

Quadrant Protocol Bounty thread

Quadrant Protocol Telegram group

Quadrant Protocol Whitepaper

Quadrant Protocol Facebook and Twitter

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Author's bitcointalk: OceanWind33