The work of algorithms requires a large amount of validated data. However, in today's world it is often difficult to find reliable sources. The difference between people who have the ability to accumulate and store information, and people who cannot do this, has never been so visible. But even after discovering the source of the data, no one can guarantee their originality, which hinders the work of algorithms. In this situation, the intermediaries do not worry about improving the quality of the information transmitted by them, since they do not receive any compensation for this. Thus, there is a demand for fair payment, without which it would be impossible to create a transparent information network to meet the demand for reliable information. The Quadrant protocol can be an alternative in such a desperate situation .

 Quadrant Protocol is a data protocol that provides the framework for data authentication, verification, and exchange. The protocol will also feature a data linkage service that connects and finds commonality and value in data that was previously tagged as unrelated. 

 The big data market growing at a rapid pace that is soon to be accelerated by the data needs of AI-driven products. Quadrant Protocol is in position to provide the framework for all stakeholders in the data market to exchange data for cryptocurrency. 

How does it work?

 In order to understand Quadrant, you have to understand the common blockchain tech stack that is composed of products, platforms, and protocols.

In the space-themed Quadrant ecosystem data is the product, platforms are the applications that users utilize to exchange data products, and the protocol sets the rules for how this can happen.This means that almost any team looking to build an exchange for data and data products can use Quadrant Protocol as their foundation.Quadrant will provide the necessary framework for platforms to collect and stamp data, verifying their authenticity and provenance. It will then allow platforms to combine this raw data into data sets and have it analyzed by data scientists before being sold to data consumers. 

Features of the project

   Functionality of the Quadrant Protocol for solving problems in the data ecosystem: 

• a mechanism for verifying the truthfulness and reliability of data based on blocking technology;

• unification of disparate sources of information;

• system of rewards and rewards;

• external security network - Proof of Work;

• use of the Ethereum platform. 

How does it technology?

 Quadrant is not creating a brand new blockchain but instead choosing to use a system of hash stamping and masternodes for data authenticity verification.

The choice to not create a blockchain purpose-built for data verification is commendable in that many teams have recently jumped on the high TPS blockchain bandwagon when they really have no need to.Quadrant's choice to create a protocol that will allow others to utilize their data verification consensus model, as well as their ability to create value-added datasets, is a wise one. By building on top of the Ethereum network Quadrant has bypassed unnecessary research and development.Most important Quadrant Protocol has a testnet that is currently operating and is proving capable of stamping data feed signatures at a rate of 1.92 TB of data per minute onto the chain. 

Competition

 The blockchain data project sector is rich with competition including Opiria, pData, Repux, and others.

The differentiating factor between Quadrant and the rest is that Quadrant has a working testnet, a built in partnership with a live data company DataStreamX, and the ability to create value-added data products.Quadrant is the only data project that will use Elons, or 3rd party data analysts, that will find linkages between datasets and produce ready to use data analytics for the end consumer. 

Benefits of the project

The full list of stakeholders in the data ecosystem will benefit from Quadrant Protocol. By using Quadrant Protocol a dataset (Constellation) can be created from thousands of data providers (like IoT devices).

The Pioneers are going to organize all of this data into something useful for the Elons. The Elons are going to polish the data analytics and feed it to data consumers and businesses. The businesses are going to pay a fee in QUAD tokens to purchase the data products.

Quadrant Protocol's smart contracts are going to make the payments simple for data consumers and fair to all participants in the data ecosystem. For each purchase of a data product Quadrant Protocol's smart contracts will disperse QUAD tokens to all participants from Nurseries to Elons in the correct proportions automatically.

QUAD tokens will not only be used to purchased data products but will fuel transactions between each level of the protocol as well as be used in staking for Elons and Guardians.

Quadrant Protocol is also utilizing a second token known as eQuad which is ERC20 compliant and will be freely tradeable and can be converted into QUAD via a gateway when mainnet is launched.

Team

 The Quadrant Protocol project team is not numerous, but definitely promising. All employees are professionals in the field of data economy, most of them previously participated in the work on DataStreamX - an online marketplace for huge amounts of data, provided in real time.

The CEO and founder of Quadrant Protocol - Mike Davie - for a long time worked with leading players in the market of blocking technologies in Asia and the US, as well as in the Middle East. Sharique Azam , an expert in the field of Big Data , creates a private blocking system for the Quadrant Protocol. 

Advisers

- Dorjee Sun is the director of Santiment.net, the industry leader in crypto-currency data. Earlier, he was an entrepreneur and co-founder of 20 companies, 4 of which went into the sale of assets.

- Benedict Chan is the technical director of BitGo and has been working on the development of blockbuster platforms since 2012. 

 - Hari Krishnan - CEO of PropertyGuru, an experienced business leader and entrepreneurial expert. 

Roadmap

Data providers and supporters

Conclusion

  The success of a product depends on one team, one marketing division, and a long list of customers. Products have a high possibility of failing.In order to minimize these risk teams create platforms that offer multiple products. The success or failure is not dependent on any one product.A protocol takes this to the next level by hosting multiple platforms. Protocols create entire universes of products by linking platforms in ways singular platforms cannot. Protocols not only limit their own risk of failure but also help to provide platforms and product providers with a greater chance of succeeding. 

  For More information follows; 

 Website || Whitepaper || ANN Thread || Telegram || Bounty 

  Keep Tabs On Me Daily articles about cryptocurrency and blockchain based projects.  

  Steemit || BitcoinTalk Profile