Quadrant Protocol | ICO Review
Quadrant is a protocol designed for the organization of disparate data sources and to facilitate the making of new data products using those sources. Central to Quadrant’s objectives will be the capability to stamp the data when it links the network with the use of SHA-256 hashing algorithm. Meaning of this is, each consumer of data on the Quadrant network can be guaranteed about where the data is coming from and that it is truthful and has not been altered. Quadrant denotes the first real effort to democratize the data economy, while producing an influential new method at the same time to completely certify the integrity and provenance of data.
How Quadrant Works
The present world is increasingly dependent on large volumes of data, to improve scientific research, drive businesses and shape government policy. Data creators, or nurseries as they are known on Quadrant, upload their data in to the network and it is stamped with its SHA-256 hash. This generates an immutable record on the blockchain that guarantees end users that the data is sincere and has not been compromised. Quadrant then produces the ability for novel data products, called constellations, to build from these sources by mapping a huge amount of data sources in this way. These constellations are made using smart contracts. The builders of constellations are known as Pioneers and they can allocate constellations to end users called Elons on the network. Quadrant will make use of its own token with these smart contracts and this permits a much reasonable distribution of the rewards between the different stakeholders.
The main problems in the field of data and their solution using Quadrant Protocol
The occurrence of a big amount of untrustworthy data, which in turn disrupt the algorithms in which they are used. When using the Quadrant Protocol, this problem is fixed as the data that comes into the Blockchain is checked and stamped, which is a assurance of trustworthy data. It is not cost-effective for data producers to discharge untrustworthy data as they are involved in using their data by other services.
Incorrect distribution of income. Now, data producers are getting a small fraction of what they should be getting. For them to carry on creating data, it is essential, for example, to sufficiently service the sensors from which the data is read and loaded into the Blockchain. If the data is incorrect, then use their algorithm also appropriately make their calculations, which can cause nepopravimoe consequences. The Quadrant Protocol system resolves this with data stamping and smart contracts that promise a reasonable payment for the usage of data for the manufacturer.
The huge gap in entree to data. Currently companies with AI in their arsenal for processing and organizing information have gone far ahead and have a clear benefit in admission to data, over those companies that do not have such occasions. With Quadrant Protocol there will be no such problems, as this system creates it possible to use the data for a definite cost to everybody.
Token Details
• Ticker: EQUAD
• Token type: ERC20
• ICO Token Price: 1 EQUAD = 0.0500 USD (ETH will be pegged the day before sale)
• Fundraising Goal: 20,000,000 USD
• Start ICO - 26 June 2018
• End ICO - 26 July 2018
• Soft cap: 3,000,000 USD
• Available for Token Sale: 40%
• Total Tokens: 1,000,000,000
Token Distribution
Token Allocation
Distribution of 1,000,000,000 eQuad tokens will be as shown below:
Pool A– Crowd-sale
40% is assigned for sale (Private Sale and Public Sale phases).
Pool B— Company
20% will be held by the Company as reserves.
Pool C— Company Operations
20% will be assigned towards advisory, security and operational purposes.
Pool D— Company Reserve
10% will be assigned towards partner and community expansion to incentivize participation.
Pool E— Team
10% will be assigned to the Quadrant Protocol team.
Summary
Based on the technology needed to implement the creators of Quadrant Protocol, the growing need for reliable data and their monetization at all the levels, as well as a strong team of developers and advisors who are experts of high-class in their specialized areas, it can be assumed that the project will be successful.
Official Website: https://www.quadrantprotocol.com/
ANN Thread: https://bitcointalk.org/index.php?topic=3676988.0
Official Telegram: https://t.me/quadrantprotocol
Author: lkyasilk (https://bitcointalk.org/index.php?action=profile;u=1186099)