Quadrant Protocol — Data Ecosystem With Authenticity And Provenance

[Goodcat49]

Provenance — the history of ownership of an artwork, an object of antiques, its origin. The term refers to the 1780s. Provenance is conceptually comparable to the legal term supply chain. In art and antiquarian markets it proves the authenticity of objects. Provenance can significantly increase the price of a work of art, an object of antiques.

The main purpose of tracing the origin of an object is usually to provide contextual and circumstantial evidence of its original production or discovery and trace, as far as possible, its history, in particular the sequence of its official assignments. The history of who owned the picture can confirm its origin and decide whether it is genuine or not. But you will be quite surprised when you learn that information can be acted in exactly the same way, and its provenance plays an important role in this.

What is Quadrant?

Quadrant is a blockchain-based protocol, which allows you to access, create and distribute data indicating the authenticity and provenance. The authors of the Quadrant protocol intend to solve a number of actual problems by creating a mapping plan for disparate data sources.

Quadrant Protocol uses Proof of Authentication and Provenance — this is exactly where the blockchain technology will be integrated most. Confidence in the data will be built, and recording historical data will help in the distribution of the level of confidence.

According to the developers, the data economy today has many problems, among which:

Many companies do not have access to all the data they need, so they create innovative systems;
Inaccurate data (small companies use algorithms of dubious and unreliable data, because of that they have inefficient work that does not bring the desired result);
Unstable ecosystems (data producers work without incentives, which means companies do not get the right amount of data, and the information available is not always reliable and authentic).
The new platform sets itself the following tasks:
• provides high-quality and efficient data processing;
• provides data control, so all information on the unit is reliable and truthful;
• processes a large number of transactions for a short period of time;
• ensures transparent interactions of all participants.

The Quadrant Protocol operates on the basis of a consensus mechanism that processes transactions and smart contracts. The system can be used in different areas. Developers promise high efficiency and performance, guaranteeing security, as when entering data, all malicious nodes will be automatically blocked.

Read more: https://medium.com/@Vladar49/quadrant-protocol-data-ecosystem-with-authenticity-and-provenance-6af708f960ba