Quadrant is 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 provides the infrastructure that facilitates the exchange of DaaS and AI services between organizations. It enables data vendors to sell their data with the use of data smart contracts. Likewise, it enables buyers to purchase data and trace its authenticity and provenance through the networkâs data stamping verification system. In turn, this enables DaaS and AI service firms to build new products and services on top of the infrastructure and network.
Quadrant aims to build the data economy around the silos that large data-hoarding companies like Google and Facebook create, in turn diminishing their power.
Quadrant also aims to address the non-transparency issues in the data industry, which lead to a lot of fraud where companies are hiding their sources. With the transparency promoted within Quadrant, companies will be able to trace the data sources for compliance purposes, as well as ensure that they get the data they paid for and that it is what they want for their application.
As well, Quadrant ensures that all the data providers within the value chain receive proper and fair compensation, as the original creators, dubbed as the nurseries, are often left out when it comes to the profits generated by the data they provide aggregators or companies.