QUADRANT: A blueprint for mapping decentralized data

lanirm.knayam (30)in #blockchain • 6 years ago

It always surprises me and bamboozles my intellect how artificial intelligence is slowing invading our private spaces to provide us with that hint of personalization and comfort level. What must go into the algorithms and technologies to lend a character to each web search for each of the millions out there? I desperately wanted a Hitchens' book and had bought one from a popular e-commerce site. Along with that, the only thing I searched was a pair of good earphones. And to share something with you, as I was dragging through the pages I came across a combo offer from the same e-commerce site of another book from the same author and A PAIR OF EARPHONES! Uh-oh… This was notorious, laborious and weird at the same time. Were the sites sharing my browsing and shopping history? How did they collaborate? Does every online retailer or wholesaler have access to our data? Questions flowed. And a little research and I was surprised at the inequalities, inefficiencies, and disparities in the data markets. Small companies struggle with AI innovations due to lack of access to authentic data sources. These sources are privy to a few big leaders such as Google. The disparaging and inauthentic nature of the data so obtained by small firms often produces poor algorithm results. The market for data except for a few biggies such as BigData remains highly unsustainable and disconnected. As a blockchain solution for the above issues, QUADRANT PROTOCOL has come up with an organized ecosystem for the utilization of decentralized data.

Quadrant is a blockchain based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core.

Organisations are judiciously employing data analytics, data science and machine learning and AI in so many ways. And as such the need for approved, authentic and well-connected data is essential. The demand is increasing steeply. Quadrant provides that base on which through decentralization and transparency ensures no aggregation or duplication of data. A well-bred marketplace where all the data and information sources ranging from firms, sensors, IoT devices come together.

Quadrant very shrewdly compares the data market to that of the universe both chaotic and unmapped. It disparate these sources so that new products based on data can be created through the participation of following shareholders.

Nurseries of the Atomic data producers (ADP) create original data records. They create raw data or stars to group them into a constellation. Rightful compensation is provided of provided data for every transaction along the value chain.
Pioneers are the data vendors that create data products with the smart contracts on Quadrant. They are seen as transparent and trusted supplier s by providing ownership of data products.
Elon be the visionaries that innovate and create new data products with them. They rely on constellations or grouped data. They get the freedom to create linkages between disparate sources of data and new products.
The Guardians are master nodes that protect the integrity of the chain. The guardians ensure that the data so disparaged is not compromised with. They also provide the services of stamping, authenticating and verifying data.

It ensures proof of data authenticity and verifies the source of information. The platform takes the concept of the universe, to form constellations from disparate data sources. Through immutable smart contracts and open, transparent nature of blockchain it ensures fair remuneration and incentives sharing on the platform.

Technical background :

It works on a proof of authority consensus mechanism to handle more transactions, operate at a lower price, achieve faster transactions, and restrict malicious nodes from entering data. It is designed to work on both centralized and decentralized services. It will be anchored on the ethereum blockchain as of now.

eQUAD and QUAD, with ICO details:

The platform will employ two different currencies for its network - QUAD and eQUAD. QUAD will be a utility token on the platform based on ethereum. It will be used to stamp data, support simple and complex access structures and subscription payments and for staking by Elons.

eQUAD will be an ERC20-compliant token only available for sale during the ICO that can easily be converted into QUAD again.

The total eQuad supply during the token sale would be 1,000,000,000 tokens out of which 40% will be up for crowdsale. The price of 1 eQuad will be $0.05 USD= 1 eQuad.

The soft cap is fixed at $3 million USD soft cap and hard cap at $20 million USD.

The public sale start and ending dates have not been declared so far.

Concluding Remarks:

The blockchain approach towards data distribution and disparagement is innovative in itself. This platform intends to create economies of scale division of work through hiring experts and assigning each of them universal tasks. The project employs huge risk and as such through crowdsourcing aims to generate some of the funds. No ownership rights are there for utility tokens and as such would benefit from the appreciation or early bird bonus is sought after. For investors with relevant interests and technical bend would love to participate in the ICO and reap maximum benefits which it has to offer!!