Quadrant Protocol is creating an ecosystem that incentivizes high-quality data creators, creates an internal value addition by rewarding data compilers, and attracts talent that can convert raw data into resources and tools.
The Protocol can be integrated into any aspect of the data infrastructure and the Protocol’s benefits would immediately take effect.
Read on to learn about this project’s strengths.
Quadrant Protocol SWOT Analysis
Quadrant Protocol has some powerful value additives. The project aims to map the world of data which remains largely uncharted and is growing at an outstanding pace. Data creators are able to stamp their provision; so, the source of the best data can be traced. This can remove all the time wasted in search of quality data. This technology will definitely have a lot of benefits but the blockchain sphere is full of great technological ideas.
Quadrant Protocol’s strength is that it has managed to assemble an impeccable support network prior to the completion of its ICO. The team is backed by key blockchain investors, Bluzelle’s CEO, and top execs at other major digital products. It has established a large menu of data providers, including Reuters. Consequently, Quadrant Protocol has the network needed to settle out important partnerships and to seed in initial volumes of data right from its onset.
Quadrant Protocol could open up to a slow start. The project functions as a platform and while it has established an initial source of high-quality data providers, the goal is to create a platform that can provide products. It will take time to hone a community dedicated to scraping the good data from the bad and then developing products from it.
Quadrant Protocol does recognize this weakness and that’s why 10% of all tokens will be allocated for networking and community development. Large initial incentives could bring in a volume of talent necessary to complete the platform’s needs for successful functioning.
Almost every industry is now relying on data to make major operating decisions. The data market is expected to grow at an exponential rate but at the same time the volume of data is expected to grow with a parallel pace.
Quadrant’s ability to make it easy to navigate through the massive jargon of data out there gives it the opportunity to capitalize on enterprises’ desire to save valuable resources that are lost to unnecessary time costs dedicated to search of quality data and data products.
The data market is tight with competition. Even within the blockchain sphere, there are plenty of projects aiming to target the data market. Standing out in such a field can be challenging. Though, Quadrant has already raised more money than most other blockchain-powered data projects combined. This ensures the company has enough money to build awareness at a level its competitors cannot even come close to.
Wrap-Up: Quadrant Protocol is building an ecosystem for the development of high-quality data products sourced from high-quality data that is within the ecosystem. It’s backed by the executives of key blockchain and successful start-up executives. It’s established support network gives it the grit needed to tackle the challenges that comes its way.
Essential Quadrant Protocol Links
💡 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://steemit.com/@hatu – Follow for a new ICO analysis every day!
Telegram Group: https://t.me/ICO_Chunks – Keep up with ICOs