QUADRANT PROTOCOL : A BLOCKCHAIN DRIVEN PLATFORM FOR DECENTRALIZED MAPPING OF DATA.

elvisdika1 (34)in #blockchain • 6 years ago (edited)

Introduction:
All big tech companies as well as the new smaller ones,make use of that information for their operations and designs. Quadrant is a blockchain based protocol that enables the access,creation and distribution of data,products and services with authenticity and provenance as its core. The data economy is similar to space; Unmapped and chaotic. Quadrant serves as the blueprint that brings about an organized system for the utilization of decentralized data. Quadrant sector believes that data has to be accurate and original in order to improve its economy. The quadrant sector claims to have a simple and also effective tool that proves data integrity. To enable the exchange of services like DaaS and AI between organizations,the company provides the infrastructure. It facilitate the selling of data by data vendors based on contracts. It aslo enables the buyers to purchase it and also provide them the added facility of tracing data accuracy.
Quadrant is designed to work with both,centralised and decentralised services. Quadrant will operate on the proof of authority consensus mechanism so that it can handle more transactions,operate at a lower gas price,achieve faster transactions and restrict malicious nodes from entering data into the network. The quadrant is an ethereum based blockchain. An external proof of work chain will be used as an anchor for security purposes.
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Quadrant will have the following critical features;

Data stamping protocol : The role of the data producer client is to lay claims to a produced size of data from pioneer by stamping it in the quadrant network,thereby providing the DNA fingerprint of the data provided.
Stamp verification : This is designed to ensure the full delivery of large data feeds along with creating a paper-trail for legal compliance. The data consumer can always be able to prove that the data received,indeed was also the same exact data being delivered from pioneer.
Open constellation : The quadrant will create a two way constellation,in which the supply side or the demand side can initiate the contracts. Elons and data consumers will aslo be able to create constellations on their own terms and offer them to pioneers. Open constellation enables more liquidity in the market place on the quadrant network.

A user interface would be provided to enable data schema and contract creation by the guardian node.
Network nodes and client : is made of the following nodes and clients;

Data producer client : It is used by Nurseries and pioneers to submit data stamps into the network,it also provides wallet features.
Guardian node : It hosts and build transactions into the network and also anchors to a public blockchain like ethereum,executes constellation handles data provisioning and delivery.
Data consumer client : verifies that stamps and data provenance audit requests.
Anchor client : watches the quadrant network for updates and anchors block hashes to a public blockchain,like ethereum.

Data enhancement by Elons : Elons will be able to stake QUAD to get access to third party feeds,perform operations on the data and offer new contracts.
Public chain anchors : Quadrant makes the use of proof of authority consensus algorithm. To ensure security,block hashes will be anchored to the ethereum blockchain at first but can be ancored by any public chain in yhe future.

QUAD AND eQUAD TOKEN DETAILS
The QUAD and eQUAD are designed to compliment each other to keep the network running. The utility token of the quadrant network(QUAD) is a major component of the ecosystem while eQUAD is ERC-20 based on the ethereum blockchain.

At the ICO 400,000,000 tokens which represents 40% of the total 1 billion QUAD tokens,are to be sold out. The projecting having a soft cap of 20 million USD,and each eQUAD token would be exchanged at a flat rate of $0.05 USD in ethereum value.
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Conclusion
If all the methods and preparations is anything to go by,then investors in the cryptocurrency space,can be certain of an investment entity with great prospects. The fact that there is a project that addresses the problems of the data economy,has a way of encouraging more companies to carry out their indeginous project ideas,this is definitely where the money is.
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USEFUL LINKS:
Consider checking out the links below to know more about this mind-blowing project. Join the telegram community and follow on various social media.