When companies launch, or when researching on a company, it is usually tedious to go through all the literature that is provided. Sometimes all investors or potential clients need is a general direction that the company is taking, its plans and roadmap for the future.
Coming up to tackle the challenges is the data economy is the Quadrant protocol. Quadrant may not be the only data solution blockchain as there are others such as Dataeum and Verifier which are offering similar services. But why should you go for Quadrant? This article will present a MOST analysis of the project:
Missions
Objectives
Strategy
Tactics
of the Quadrant platform giving you more information to make more informed choices on the Quadrant protocol.
Quadrant’s mission is to provide a solution to the chaotic and unmapped data economy space by acting as the blueprint that provides a system that is organized, affordable, user-friendly, transparent and secure for the utilization of accurate decentralized data that equips organizations and individual with the right data resources necessary for their growth and development while equipping participating members of the Quadrant platform with a way of generating some revenue through the use of the Quadrant platform.
Quadrant’s mission touches on all aspects that data consumers would expect from a serious platform and even more features. It has well-thought out strategies and tactics to fulfill their mission.
Quadrants mission guides its objectives. Realizing its mission would require Quadrant to achieve the following objectives,
- To provide accurate data to data consumers in their platform.
- To achieve a transparent and secure platform through blockchain technology.
- To provide fair pay for data provided by producers of data and distributers of this data.
- To prevent consumers from purchasing duplicate data from data providers in their platform.
- To provide raw accurate data that can be refined into packets of useful data.
- To become the go-to data center for all data needs.
- To provide a way for revenue generation through the token system.
By achieving these objectives, Quadrant will have a chance of standing out from all other data blockchain firms.
Having mission statements and coming up with objectives is a simple task but coming up with the right strategies to achieve what the company has envisioned is demanding. Quadrant’s strategies include the following:
➡️Use incentives to get more users.
Numbers are important in any company to create economies of scale. Quadrant plans to attract a large market by giving rewards for participation of some of the activities in the platform. Registering for the platform will earn new users a number of Quad tokens which they can use to pay for some of the services provided by Quadrant.
➡️Focusing on fairness.
Many data producers do not get their fair share of the data the produce. Vendors may at times also get inaccurate data from some of the data producers. Quadrant’s platform concentrates on features that ensure all parties within the platform are satisfied. Verification of submitted data will be done in the platform. The use of blockchain will allow for consumers and vendors to trace the origin of the data they have received. This will prevent any adulteration of the data during its distribution. Fair pay will be given along the distribution chain of the data, from the producer to the vendor.
➡️Accommodating innovators.
Quadrant will have a group of users known as ‘Elons’ in their platform who will use the different data smart contracts known as ‘constellations’ to create solutions to various challenges in the world. Allowing innovative activities in its platform attracts developers and thinkers who may influence major changes in the world to which Quadrant may be credited for.
➡️Adapting to technology.
The internet of things, artificial intelligence, machine learning and blockchain all seem to be part of the technological future. Quadrant has a platform that adapts to the resources created by the internet of things, it can provide data to A.I and machine learning and it can also adapt to newer versions of public blockchains to improve its functionality. Being prepared for change is a key factor as technology evolves. Quadrant’s platform may be the go-to platform for all data needs for A.I and machine learning in the future. Application of A.I in different systems may rely heavily on data that has been collected and refined using Quadrant. Quadrant has the chance to be used in A.I applications such as robotics or in A.I activities such as in the stock exchange.
These are four key strategies that Quadrant will employ through their platform to remain relevant in the data marketplace scene. The most important feature arguably being its adaptation to technology as it is released. This provides the use cases that Quadrant may be used which keeps demand for the platform high.
✅Keeping up the hype on Quadrant
Quadrant is keeping the hype on its platform through its various social media platforms such as telegram to keep their potential market updated on their activities. There are also a number of marketing activities such as blogging to attract more attention to their project. This hype is necessary as Quadrant plans for its mainnet release later on in 2018. This hype is also important as Quadrant is currently holding its ICO. TO hit their set target, they need their project everywhere on various social and internet platforms.
✅Standing out
Competition in the data market space is stiff. Quadrant plans to stand out by allowing innovators to be creative through their platform.
Conclusion
Quadrant is in a tough market space that requires it to stand out through getting the basics right and providing unique services. Going through their platform, one realizes that they have the right tools and are well equipped to stand out from other blockchain applications. However, it is up to you as the reader to decide whether Quadrant’s mission, objectives, strategies and tactics appeal to you.
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Thanks @salmanmiah for this clear explanatory article about the Qadrant Protocol project. Will check out their website!
The need for data keeps arising and that of AI is most essential today as many huge companies, are all trying to venture into AI for more effective organization of their business for more effective result.