The world is becoming increasingly data-centric as, with enough data, the need for even the most minute guesswork is waived. Most enterprises are using plenty of data-powered SaaS to optimize their operations as much as possible. This is one of the reasons for why the American stock market has done so well in the past few years. The adoption of data-powered decision-making and tools has made it possible to build the level of efficiency needed for maximum growth in earnings. However, large corporations are able to access the value of data at a far greater scale than any small business.
Data remains expensive as there are too many middlemen involved in this market. Additionally, the supply of data has not reached its full possible capacity as many small businesses are not able to properly liquidate data they possess. A new blockchain project is about to disrupt the data market, making it cheaper, open, and decentralized.
Data for All
At present, data is gathered by agencies that serve as the middlemen and key sources of data. These middlemen control the largest portion of the profits and thereby remove the incentive of selling data for most small businesses.
Quadrant Protocol makes it possible for data hubs to develop into decentralized marketplaces. Small businesses can not only provide their data on these decentralized marketplaces where they are awarded upfront, but also whenever the data they provided is used. The data providers are able to stamp their provisions and this makes it possible for smart contracts to provide them with their fair share once the final data-product is consumed. As middleman are removed and data sourcing becomes a perpetual revenue source, a larger number of small businesses will be willing to supply data that remains siloed with them. This increases access to data that specifically benefits small business; they will now be able to support each other’s’ data needs in a convenient yet profitable way.
Since data sources are incentivized to provide data that would be used perpetually, the quality of data increases and that makes it cheaper to acquire data that can serve a purpose. Quadrant Protocol makes an open market for data-powered product developers. Since product development won’t be limited to a select few, the innovative output from Quadrant Protocol would become a heavy source of new data products. As the product developers won’t rely on an intermediary to sell their product, they’d be able to sell it for cheaper.
Cheaper and Merrier
Data product developers would also be able to fulfill a new form of market demand. At present, since a few companies develop data products as the market is closed out for open development, they focus on the needs of the largest companies who have the resources to regularly convey their product needs.
The Protocol brings individual product developers in allignment with small businesses that are sourcing data. This way Quadrant Protocol makes it possible for small businesses to directly work with individual product developers. This means that individualized product development for data-centric decisions can become a reality. A small business does not need the same tools as a major enterprise. Large product developers do not benefit from selling to small businesses as they need to meet certain economies of scale to remain profitable. However, individual product developers do not have the massive asset or payroll expenses of centralized entities; they can easily fulfill even individual product needs. As a result, small businesses will be able to acquire data products that serve their specific needs and that too at a low cost.
To sum up, Quadrant Protocol levels the playing field when it comes to leveraging data for business growth; this fosters entrepreneurship and innovation.
Essential Quadrant Protocol Links
🌐 Website: https://www.quadrantprotocol.com/
💡 Whitepaper: https://RepuX.online/wp-content/uploads/2018/03/RepuX-ICO-Whitepaper_v1.08.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
💻 Telegram: https://t.me/quadrantprotocol
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What are your thoughts on data, Quadrant, and the opportunities available to small businesses?