The Data Market is Too Cluttered; Time for a Fix (Quadrant)

in #ethereum6 years ago (edited)

Data.
It's changing the world by making it possible to make guided decisions in everything. People are consuming data to make mundane tasks easier or efficient. But the key impact that data is having is with regard to businesses. Most industries are using data to optimize operations and to bring about better products for the market.

Given the value data provides, great efforts have been made to store it. The amount of data being stored annually is increasing at an exponential rate and too much of a good thing can be bad. Due to the abundance of raw data being created now, it has become extremely difficult to harvest resources, tools, or decisions derived from the data.

The data market now faces some key problems. It has become difficult to identify high quality data, the sources capable of producing high quality data are not properly incentivized, and the ability to leverage data for tools remains siloed. The data market has the ability to become a better and open ground for value additive exchange between data creators, compilers, and users.

Quadrant Protocol

A new blockchain-powered project offers a solution to the problems faced by the data market. Quadrant Protocol can transform the current data ecosystem by decentralizing its infrastructure while providing a means to map it. This transformation will lead to an evolved data ecosystem where each participant in the data market is able to reach the full potential of value addition possible.

  • -
    High quality data creators will now be awarded whenever data they've provided gets used. This incentivizes those who add genuine value to the data market to step up and drive a greater revenue or income for themselves. This would be a stark change from the current situation as currently most high-quality data sources get limited to no incentives to further pursue their work.
  • -
    Since there is now an overwhelming abundance of data in the market, there is a need to properly separate the good from the bad to ensure a better quality of data funnels towards product development. Quadrant Protocol involves the participation of Pioneers (data analysts) who assemble raw data into data packets. There’s an opportunity for Pioneers to stand out as high-quality source of data packets by straining the good raw data.
  • -
    High-quality data packets serve a differentiated purpose, but Quadrant Protocol includes a final layer of value addition. Creators of data products can access the high-quality data packets and then create data-powered products. This allows Quadrant to become a source of not just data, but ready-to-use actional resources that are powered by data.

Additionally, Quadrant Protocol allows the data creators to build a reputation as they can stamp the raw data they add to the system. This paves the way to map out the data market’s true value providers.

Wrap-Up: There’s an abundance of uncharted, raw data and it has become increasingly challenging to utilize it. Quadrant Protocol provides a means for data creators and refiners to work in a single platform to provide high-quality data that can be used for product development.

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

Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
Twitter: https://twitter.com/HassanS95
Telegram Group: https://t.me/ICO_Chunks – Keep up with ICOs

Sort:  

I posted a steemit review of this just last week. Great project, well thoughtout. Team has relevant experience, but I'd like to see them hire some more blockchain experts and devs and expand the team.

They have a great team and some really strong advisors/supporters. I'm sure they will have the business operations rolling with ease. I expect they'd be expanding the technical team once the ICO funds roll in.

Nowadays, data is very important in the globe. We are creating huge data everyday for our own purposes. We have to protect our valuable data for future reference. Quadrant Protocol is one of them to protect or store. They are offering ICO. Thank you so much for your valuable post.

Naser, I totally agree with you. But this isn't one of the generic data storage projects. Quadrant's goal is to make a platform for data refining and data product creation. This is the next step in BlockchainxData field.

Terrific venture, well thoughtout. group has relevant enjoy, but i would like to see them rent a few greater blockchain professionals and devs and increase the crew.

I had another look at the team and while I agree the team is small, they seem quite technically competent. Like I said, engineers and developers are pricey so I'm sure the team will expand once ICO funds roll in.

Hey @hatu I just read your post and it is amazing. I just upvoted too and Its a request if you upvote and comment on my new post please support newbie like me https://steemit.com/india/@chetan1998/a-good-news-for-crypto-lovers-in-india-must-read

Sure, I'll have a look at your work :)

Very useful Information as always.

Interesting stuff. I agree that data is a valuable resource and that a protocol that offers the right incentives will be successful. Do you know about Enigma? It seems that they are trying to do some of the same things. Maybe a direct comparison of the two could be relevant.

Hi :)
The focus with Quadrant is on harvesting actionable tools from raw data within the ecosystem rather than just securely trading data; I think that's the difference.

Thanks for your reply. As far as I understand Enigma can also give direct incentives on providing data, but I will try to look more into this in the near future.

I'm about to make a post on the key differences betweem Quadrant and other data marketplaces. I think you'll like the read. I'll update you when it's up :)

Good project friend @hatu

Glad to hear so :)

Greetings friend, Good article impresses me your work every day Man.

Thank you Nando!

Awesome post i really like the content

Thank you!
I try my best :)

wl come n Please visit my post I upload a new post it will really help me


Congratulations @hatu!
You raised your level and are now a Minnow!

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!