The Data Economy is here. Are you ready?

in #bitcoin6 years ago


Image Courtesy: Quadrant Protocol Website

What was your reaction when you first heard of Big Data not so long ago? What came to your mind? Every time I asked this question from people I know, I have been getting only two types of answers.

“Big data is a huge set of data”
“Big data is a set of data that can do big things”
Whether none of the answers above are true or false, the concept of big data is not a fluke. It is real. Whether we like it or not, Big data has brought an economy around data called the “Data Economy”

Last year, there was a reference in the Economist magazine saying “Data is the new oil” and we know how oil changed the economic landscape of the world and how countries became rich after they found oil. In this digital arena, data is doing the same thing; that is changing the economic landscape with those who has control of the data.

However, in the current business context, not many people have realized the importance of this. Hence aren’t geared for the economic revolution around data. Lot of businesses possess data but its not all about owning the data. Rather it is the way you interpret them and take decisions realtime.

Therefore it is important to know how to map and interpret the data realtime. There are several ways to do this but there are innovative solutions around blockchain which are robust, secure and authentic. Such use cases include

Proper rewarding of transaction related data across the value chain
Stand out as a reliable data custodian
Being able to link and make sense with possessed data creating new data related product frontiers
Quadrant Protocol has come up with a very intuitive solution using blockchain to address such use cases. The fact that the use of blockchain technology to make the data possess value is a phenomenal preposition because the future of data is going to be dependent on being decentralized and being secure.

Quadrant Protocol is built on top of a communication mechanism to take care of more number of transactions while minimizing the transaction cost, improving the transaction speed and securing the data nodes.

You can read more about Quadrant Protocol Here. (https://www.quadrantprotocol.com)

Also you can enter into dialog with them Here. (https://t.me/quadrantprotocol)

The ANN Thread is Here. (https://bitcointalk.org/index.php?topic=3676988.0)

The Bounty Thread is Here. (https://bitcointalk.org/index.php?topic=3739014.0)

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