More than you might think! Read more below to find out.
Big Data, Predictive Analytics, Data Science are just some of the buzzwords that are on everybody’s lips right now. Companies worldwide are starting to realise the enormous potential that data analytics bring to the table. To remain competitive in the current market landscape, one has to leverage machine learning and statistical algorithms to make sense of immense amounts of data.
How is this possible you might ask? Well, simply put, there’s only so much that our human brains can make sense of when a machine learning algorithm can find similarities and patterns in a much more profound way than we ever could. This is where the smarter companies are gaining this competitive edge.
The Quadrant Protocol: a blockchain powered ecosystem that enables the distribution of data products!
Besides being a high-performance data marketplace, the Quadrant ecosystem enables users to piece together data sets for more meaningful data products. The team developed an architecture that’s based on stars and constellations, to make the experience more enjoyable. In the “Nurseries” section the data is ingested, and an authentication stamp is applied, that’s hashed on the blockchain infrastructure. Then, the Pioneers map collections of stars that are turned into Constellations. The Elons then take these Constellations and piece them together to create actionable insight products that can solve real-world problems.
Thus companies can purchase ready-made data products without having to go through the entire data munging and processing themselves. Let’s face it, not every company can afford to hire data scientists full-time for perhaps just a one time project that’s required for a particular product. Having a platform like Quadrant, which offers DaaS (Data-as-a-Service) would prove to be pivotal in the ongoing development of small and medium-sized companies.
A tamper-proof environment that you can trust 24/7!
The users can rest assured that all of their transactions are registered safely on the distributed ledger infrastructure, being stored natively on the blockchain. No other technology can rival blockchain due to its scalability and reliability, as the main difference between blockchain and traditional technologies is decentralisation. The fact that your data is stored on a hashed and decentralised ecosystem will give hackers a hard time breaking in.
Another advantage of this technology stack would have to be the cryptocurrencies that come with it. The Quadrant network will have 2 of these actually:
QUAD: the utility token created to support the underlying system for various jobs like data stamping, access structures and managing subscription models.
eQuad: the ERC20 based token that’s the standard of the Ethereum network, will be generated during the TGE event for people to buy. This token will be exchangeable with QUAD once the platform is launched. As a hard cap, the team is looking to raise 20 million USD with a price of 0.05 USD per 1 eQuad. The currently accepted cryptocurrency is ETH.
To join this grassroots data movement based on the blockchain go to Website, Telegram, ANN and Bounty Thread for more details!