Tokenizing the modern data economy
Have you ever thought that blockchain technologies could be used for something more than cryptocurrency or banking? Were you aware that recent developments have started to use the fantastic set of features offered by the blockchain, along with other technologies, to develop platforms that could impact all the areas of science and industry? In fact, if you take a look at recent startups and ICOs, you may be surprised to find out the immensity of topics, issues and aspects that blockchain can be incorporated into.
As most of us now, some of the characteristics that make the blockchain stand out from other technologies are related to the manner it entirely succeeds in changing entire paradigms or creating whole new approaches to technics that proven to be faulty. Think for example about the way in which blockchain can decentralise entire industries; it can enable a quicker, more transparent access to information; it can verify, certify and guarantee for all data that is stored and used through its mechanisms.
A recent project aims to use this advantages at a larger scale, probably more fabulous than ever:
Discover Quadrant Protocol - a system meant to create and operate a blueprint for the mapping of decentralised data. This platform has been designed to work with the blockchain at its foundation and solve issues that currently affect the data resources of today’s industry. In fact, if we expand these problems, we may find out that we are talking about some of the aspects that affect multiple economies of today’s modern society: some have more significant resources than others (be it institutions or private companies) and thus, can acquire, process and make use of more authentic and valuable data; if this data is not sufficient, the algorithms will not provide the desired responses; most of the times, data suppliers are not sufficiently rewarded for their work and for what they deliver; the revenue is not always correctly split between all participants in this ecosystem; thus, the entire data economy becomes more and weaker, and a growing risk appears: that soon, this massive need for authentic data will not be satisfied.
This is why, in the light of this urgency we briefly presented in the paragraphs above, Quadrant was founded:
- To organise and manage a new blockchain based system for the use of decentralised data
- To enable all interested parties more secure, transparent and affordable access to these products and services
- To guarantee that all data is accepted in the system only if proven authentic and reliable (with a clear and known provenance)
- To keep a clear record of who created the data and how it is used
- To create the first Data Smart Contracts that direct the manner in which all transactions and interactions are made within the system
- To offer a set of new products and services that can improve the functioning of this market
Got Questions?
Find out all about this platform, discover several business use cases, understand its most technical aspects and download the latest version of the Quadrant Project
Part of the reason why the data lacks authenticity is because the suppliers of it are not properly incentivized. Fair revenue distribution does not exist for both data producers and vendors.
Quadrant aims to solve these problems by providing a blueprint for mapping disparate data sources.
This empowers the brightest minds to work on creating new products and services on top of Quadrant.
The Quadrant Protocol is seen as a blockchain-based network protocol that enables the access to, creation and distribution of data products and services with permissions
It is supposed to act as a blueprint that provides an organised system for the utilisation of decentralised data.
Without a healthy and transparent data economy, the increasing demand for authentic data will not be met.
Quadrant maps disparate data sources so that new, innova ve data products can poten ally be created to help companies meet their data needs.
Blockchains can be used for a wide variety of applications, such as tracking ownership or the provenance of documents, digital assets, physical assets or voting rights.
Blockchains are interesting because the integrity of the contents of the distributed ledger does not rely on any specific individual or organisation. So, rather than relying on trusted third-party organisations to facilitate these commercial transactions, we might instead rely on a trusted blockchain system.
This means blockchains give us new opportunities to rethink how parts of our society work. Innovation here might reduce friction in the economy, or create new kinds of services and ways of doing business with each other.
Quadrant "a blockchain-based protocol" that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. The data economy is similar to space; unmapped and chaotic. Quadrant serves as the blueprint that provides an organized system for the utilization of decentralized data
Quadrant has proven to be an invaluable tool in my work as a Project Officer managing Qualitative Research Projects within the health arena. Since using Quadrant my desk is no longer covered in post-it notes! Now I can just import participant data directly into Quadrant and create my own unique workflows to effectively manage multiple research projects and meet all timeframes from start to finish.
Using Quadrant's features I can ‘at a glance’ see how many participants are enrolled in the project and who I need to follow up to enrol. I can also quickly see how many interviews have been transcribed and analysed. I can easily store all my documentation such as ethics approvals and literature searchers whilst simultaneously creating a detailed audit trail of how the project has been conducted...
Blockchain is a technology that will fix the errors in our system. Block is by far the most advanced technology of our time I can boldly say say . The idea of tokenizing the internet is amazing to me and I believe to others out there and blockchain us taking us there . The future is here my friend
I’d definitely love to read more , this seems interesting . Thanks for sharing my friend, you’re much appreciated
This is just the best way to describe the transformation technology is making on the globe. Faster access to data and the efficiency it brings in projects is the main reason every new coming project has got to incorporate it in it's system. We are soon having a totally blockchain world with every company using it.
Quadrant is providing the opportunity for crypto investors to get on board this revolutionary project at an early stage. In its Token Generation Event (TGE), it will crowdfund its token, EQUAD, that will drive its network. All fees and payments on the network will be done in EQUAD. The data space is going to become ever more important to business as well as academic research. The increased reliance on AI and machine learning for business applications alone will drive a very strong demand for an easily accessible and versatile data supply platform like Quadrant. Quadrant is in a particularly strong position with a first mover advantage. With no real competitors, it is poised to take a dominant position in the market when it goes live.
Quadrant does provide a lot of growth potential, investors will be buying into a platform that isn’t live yet. It has an excellent plan and a market does exist for this startup, but the project is still in the early stages of implementation. The network is not expected to be fully in place and functioning until January 2020.
Thanks for sharing. I've smashed the upvote button for you!
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Thanks for the information of moderan data economy @danizaharie