Overview
All big tech companies as well as the new smaller ones, make use of data information for their operations and designs. Artificial intelligence (AI) is fast coming on the rise in bettering the work that is associated with many human activities, and we may see an unprecedented achievement in the next few years. But then, these AI tools require data for their setup as well as to function continuity, and it is important to fill in the right ones, in order to achieve the purpose of AI. As delicate as this is, the data pool market as of the moment, is largely an unrefined one - characterized by levels of inequality, manipulation and bias.
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Since the future we desire has a lot to do with how much data can be accessed by those who need them, we cannot expect to be on the right path if the issues of the data market are not squarely addressed. All of these inadequacies define the reason why the Quadrant decentralized data authentication project, has to be created.
How does the Quadrant Protocol work?
The Quadrant Protocol works on a well strategized method that brings unity to the disparities that have occurred in the different data sold by the vendors to different and specific clients. By this, every player in the AI space, is granted a fair opportunity to compete and grow - irrespective of what their size and level of revenue is. Thus, the relevance of the Quadrant Protocol becomes clearly seen.
The blockchain is designed to be a kind of community that brings data producers, vendors, and consumers together such that everybody gets a fair shot at optimizing data development, sales and purchase, as the case may be. The organization of the platform, has features that helps authenticate the validity of every listed data, and makes it remain valid. Each of these features have their own specific purpose in the overall function.
The data stamping protocol
There is the stage or process where raw data are introduced into the blockchain, thoroughly verified, and then stamped as being authentic (or not). This procedure on the Quadrant Protocol occurs before the data are added to Constellations (data products) that are sold by the Pioneers (data vendors). Thus the data stamping protocol is what gives a green signal that the raw data that was provided, is of authentic source, and hence, can be added to form a product. This is one of the most important functions of the platform.
Guardian nodes
Another element of the protocol serves as master nodes which ensures the integrity of the blockchain, and that all of its authenticated data materials are kept intact. It is responsible for confirming transactions involving the Constellations, as well as adding new blocks to the Quadrant chain. It also serves as the link between the Quadrant Protocol and the Ethereum blockchain.
Open Constellations
The Open Constellation feature would allow both the data consumers, as well as the Pioneers, to set conditions under which they can buy or sell data respectively. Thus the vendor on his own end can create a contract and push it out for interested data consumers, while the data consumers can also customize a contract to suit their own terms, and then send it to the Pioneers. This feature enables a fair competition in the Quadrant marketplace.
The project roadmap includes the use of a proof of data authentication and provenance method, as well as ensuring that that data producers get a fair remuneration for their provided assets, while disparate data sources are reconciled. If the Quadrant Protocol gains a massive adoption, then we would be talking of the 'power source' for all AI facilities such as all of the numerous IoT devices that are entering the markets.
How to invest in the Quadrant Protocol ICO
Since the project is on a blockchain, all investors are expected to put in their contributions, in exchange for asset token that would be of transacting relevance on the platform. The Quadrant Protocol is built on the Ethereum network, and thus would be utilizing ERC 20 compliant tokens. There are two tokens that would be used: The eQUAD token would be issued out to investors at the ICO, while the QUAD token is the main token of use on the blockchain. After the ICO is ended, eQUAD tokens acquired by investors from the ICO would be converted to QUAD, which can then be used on the main platform.
At the ICO, 400,000,000 tokens which represents 40% of the total 1 billion QUAD tokens, are to be sold out. The project having a soft cap of 3 million USD, and a hard cap of 20 million USD, and each eQUAD token would be exchanged at a flat rate of $0.05 USD in Ethereum value.
Investment is open to all cryptocurrency users and enthusiasts with no minimum entry sum, thus making it a good option for both the small and the large scale investors.
Conclusion
If all of the methods and preparation is anything to go by, then investors in the cryptocurrency space, can be certain of an investment entity with great prospects. The fact that there is a project that addresses the problems of the data economy, has a way of encouraging more companies to carry out their ingenious project ideas; this is definitely where the money is.
Roadmap
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