Quadrant Protocol: a new level of data economy
The problem of the authenticity of data is a real «scourge» of our time in the age of information technology. User data has become a common phenomenon, because when you go to almost any site you already leave information about yourself.
Note also the fact that user data for the largest corporations are extremely significant. However, not all are able to dispose of them. Remember at least a scandal with Facebook and what he brought.
On the other hand, almost no one can be 100% sure of the authenticity of the information received and transmitted, as well as in their safety. Every year the leakage of personal information is becoming more frequent.
Fortunately, in the modern world there are people and technologies that are able to reverse the approach to user data. Today we will introduce you to the Quadrant Protocol project, the creators of which will present an authentication protocol based on the blockchain technology.
Quadrant Protocol: features and technology
The project team from Singapore led by the well-known Mike Davie (founder and CEO of the DataStreamX project) creates a decentralized platform that will structure and verify the same data.
The most important participants in the ecosystem will be the users themselves who will create the project community. Suppliers and data buyers will synergize and complement each other.
All of them will be divided into 4 categories — Nurseries, Pioneers, Elons, and Guardians, which will be involved in the verification of data reliability and their safety. Such an original approach of the creators already causes respect.
Therefore, if we simply describe the structure of the project, the Quadrant is a decentralized data store, and users are its most important component.
Protocol in operation
The creators of the project really draw maximum attention to the reliability of the data and presented a completely new approach for their confirmation.
Once the data arrives on the platform, the Quadrant Protocol thoroughly checks their authenticity from different sources which are combined into a huge data set. Only after that the verified and structured data fall into the so-called Constellations.
After that, thanks to smart contracts and QUAD token, anyone can get the necessary information. Another important point is the so-called Open Constellation function which will ensure fair competition between information providers.
The main stage of the Quadrant Protocol ICO started on June 26 and will run until July 26, 2018. In the course of a token sale users will be able to purchase 40% of tokens with a total of 1,000,000,000 eQuad. Price on the ICO: 1 ETH = 10,782 eQuad.
The project softcap has already been assembled, and hardcap is $ 20 million. To participate in the token sale you will need to pass KYC which again indicates the seriousness of the project.
Quadrant Protocol prospects
There are two main points that distinguish this blockchain startup from others:
- The first is a unique approach to the idea and the very structure of the ecosystem in which users play a crucial role. The ability to immediately block invalid data and a high degree of protection which is provided by the blockchain technology.
- The second is the project team. You can see it on the official website of the project, but the participation of such personalities as Mike Davie and Sharique Azam already speaks volumes. Advisors are Pavel Bains from Bluzelle, Dorjee Sun from Santiment.net, and many other famous personalities.
Finally it is worth noting that Quadrant Protocol can really solve the problem of reliability of data at the global level, and its application will be in demand both in small business and the world’s largest corporations.
To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://www.quadrantprotocol.com/ and read the whitepaper: https://www.quadrantprotocol.com/whitepaper.pdf
Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e
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