Quadrant Protocol is a blockchain based protocol that allows access, formation and distribution of products and services with main focus being authenticity and tracing the origin of the same. All the data that is processed need to be stamped publicly so that its origin is always known.
Any stakeholder will have the power to know about it at any given point of time. Here, stamping of data is key. It will ensure that data which is received is the same as that was produced. If these two don't match, clients will get in touch to solve this problem. Mike Davis is the CEO and founder of Quadrant Protocol and has plenty of experience in working with big IT industry players.
Quadrant Protocol's Innovation
The company has developed a strategy to make sure that the integrity of the transactions are maintained. And this strategy as mentioned above, is called public stamping of data.
Initially, the data is stamped in the Quadrant network creating its DNA fingerprint. For usage of the data, the data consumer need to authenticate the same. This is going to help in legal compliance and making the delivery of large amount of data with proper audit trail.
Token And ICO Date
Two different currencies are being used by Quadrant- eQuad and Quad. Quad is to be used only on the Quadrant network. eQuad is an ERC-20 standard compliant e token which is based on the Ethereumblockchain. This token can be easily sold and converted to Quad token when the Quadrant network mainnet will be released eventually.
Quad is a non refundable token which was released with the goal to be a secured mode of payment for users of the Quadrant network. It must be noted that owning of Quad token does not indicate any right, interest, title , ownership or shareholding in the company and the token can exclusively be used on the Quad network.
The Financial Aspect and the ICO
The company has stated that they will be producing 1 billion tokens for the project and during the ICO there will be an exchange rate of 1 eQUAD equating to $0.05. They have also included both a soft and hard cap for this part of their development with the soft cap being set at $3 million and the hard cap at $20 million.
During the ICO, they will be releasing 40% of the total number of tokens produced with those that have not sold then being burnt, which is the norm for this kind of thing. There are also several countries that will be blocked from taking part in the ICO with this including China, South Korea, the United States and New Zealand.
Conclusion
With new advancement in technology, more and more people are relying everyday on the same. Blockchain technology has a promising future and experts see it as a breakthrough in the way people are going to do transactions in future. With Quadrant network's innovative feature, people can check the authenticity of data easily which will help them legally as well as financially. The Advantages of Quadrant Protocol. If the team behind the project is actually able to create a succinct product, then mapping data and having it more organized to such an extent that issues can be identified quickly is going to be a major step forward in the right direction. It should lead to new services or products being delivered since creators will know where the holes are within the industry and seek to fill them as quickly as possible. By creating this platform, it will vastly improve the data service which is just growing at a speed significantly faster than what the industry can cope with.
Website: https://www.quadrantprotocol.com
Telegram: https://t.me/quadrantprotocol
ANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
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