Quadrant – A Blockchain-Based Protocol (ICO Review)

A blueprint for mapping 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.

WEBSITE: https://www.quadrantprotocol.com/
WHITE PAPER : https://www.quadrantprotocol.com/whitepaper.pdf

Vast amounts of authentic data are needed to power today’s algorithms; however, the current data economy is fraught with problems. There is an ever-widening gap between those with the resources to collect and store their own data and those that do not. The data these have-nots do have access to be often fragmented and of questionable authenticity—the kind of data that produces poor results when fed to algorithms. Part of the reason why the data lacks authenticity is that the suppliers of it are not properly incentivized. Fair revenue distribution does not exist for both data producers and vendors. Without a healthy and transparent data economy, the increasing demand for authentic data will not be met.

Therefore, “Quadrant” works to solve these problems by providing a blueprint for mapping disparate data sources since it’s based on blockchain technology. It is a decentralized platform to offer an organized system to take benefits from decentralized data. It will support proof of data authenticity and provenance via data stamping, the creation of “Constellations” (data smart contracts) for disparate data sources, and fair remuneration and incentive sharing. Data Consumers can trust the authenticity of the data they purchase, “Nurseries” (Data Producers) are compensated fairly every time their data is used, and “Pioneers” (Data Vendors) have the incentive to create innovative Constellations. This new transparent ecosystem ensures that companies get the authentic data they need. Quadrant is designed to work with both centralized and decentralized services. The architecture consists of the core Quadrant blockchain, clients (Data Producer, Data Consumer, and Anchor), and Guardian Nodes. Quadrant will operate on a 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.

How does it work?
The platform works on a fine strategized way that brings combine to the disparities that have happened in the diff info sold by the vendors to diff and specific customers. By this, each player in the AI sector is granted a fair option to complete and raise, irrespective of what their level and size of income it. Therefore, the relevance of the Quadrant Protocol platform becomes neatly seen.

The block is developed to be a type of community that allows vendors, data creators and users jointly such that everyone gets a neat shot at optimizing info development, buy and sales, as the case might be. The firm of the platform has functions that help to verify the validity of each of the listed info and create it keep valid. Any of these features have their own specific fact in the overall feature.

Quadrant Market Strategy
Quadrant protocol International Data Corporation (IDC) put the value of global big data and business analytics revenue at USD 130.1 billion annually in 2016— a number that is assumed to grow to over USD 200 billion by 2020. Companies, especially those working with AI, have confirmed to have an insatiable desire for data from an ever-increasing variety of sources. Dresner Advisory Services estimates that some 53% of companies utilized big data for analytics purposes in 2017— an increase of 36% from 2015. These companies are using the data to solve complicated problems, detect trends and create new products that they will introduce to the market.

The Problems in Data Economy
There are four major problems facing the data economy:

AI Data Gap: Small companies struggle to create AI innovations because they lack access to the volumes of data their algorithms need.

Unauthentic Data: The data small companies do have access to produces poor algorithm results due to its doubtful authenticity.

Unsustainable Ecosystem: Data Producers lack the incentives to provide the amounts of authentic data required because they only get paid for the initial sale.

Unfair Revenue Distribution: Unfair revenue distribution for the original data producers.

Opportunities of Quadrant
A perfect storm of supply and demand is brewing within the data economy. As more companies develop in-house data science and analytics abilities, Quadrant protocol demand for data will stimulate exponentially. On the supply side, smartphone penetration, the deployment of big data capturing solutions and the advent of IoT have resulted in an ever-increasing number of raw data. When taken together, the data economy pie gets bigger each day. However, it will be the demand for 100% authentic data that will rise the fastest. Without it, companies will not be able to obtain the results that they need to succeed in this new, data-driven world.

The Quadrant Protocol
The Quadrant Protocol is visualized as a blockchain-based network protocol that enables the access to, creation and distribution of data products and services with authenticity and provenance at its core. This is intended to be made possible through the cooperation of the following stakeholders:

Nurseries— the Atomic Data Producers (ADPs) that create the original data records. They create Stars (raw data), which can then be grouped into Constellations.
Pioneers— the Data Vendors that create data products with the smart contracts on Quadrant.
Elons— the visionaries that utilize the created data products and with them, build new and unique products and services.
Guardians— the master nodes that shield the integrity of the chain, ensuring that it is not compromised. The Guardians ensure that the Constellations created by the Pioneers are not compromised.

Important Benefits of the Quadrant Network to each Stakeholder
To the Nursery:

They get paid better for their hard work and not exploited by the Pioneers (Middle-men) in the industry.
Atomic Data Producers get to see how high their data goes in the network and get paid every time their data is sold on the network.
Via the mega constellations, they can see how their data is used to solve real-life problems and this can serve as an incentive for them to produce more and provide their data to several constellations better usage.
To the Pioneers:

They get to build a reputation on the network and in the end become the constant supplier of data for the Data Consumers.
Pioneers are provided with greater incentives to produce more when they see how well their products do in the mega constellations created by the Elons.
To the Elons:

Well, Elons get remunerated properly for forming mega constellations useful in solving everyday problems.
Elons also get remunerated when verification of stamping takes place within the network.
To the Data Consumers:

The Data Consumers need have no fear of purchasing unauthentic data which would be useless to their Machine Learning or AI companies.
There is also no fear of legal issues facing the data they acquire as trust and data provenance which is really crucial in data trade is the one of the mainstream focus of the Quadrant Network.
There is massive ROI for the Data Consumers at the end of it all.

Use Case for Quadrant and Constellations

Features of Quadrant
Quadrant is intended to have the following features that are aimed at helping to solve the problems in the data economy:

Proof of Data Authenticity and Provenance
Constellations for Disparate Data Sources
Fair Remuneration and Incentive Sharing
Proof of Data Authenticity and Provenance
The foundations of the data economy must be built on trust. Blockchain is the excellent applicant to facilitate this trust because it offers a permanent record of historical activity. Quadrant will claim that all data is publicly stamped so that its origin will always be known. Any stakeholder can learn the provenance of a data feed at any time. The client software will be provided to stamp and verify data. Updates can be tracked via GitHub.

Constellations for Disparate Data Sources
Constellations are envisioned to be the key to bringing together disparate data sources in such a way that they can be handled by Pioneers, Elons, and other Data Consumers to face with big firms. Constellations are designed to level the playing field so that everyone has access to the data that they need when they need it, which is projected to stimulate a new generation of data scientists to discover revolutionary insights; allow new businesses to form; support people to build upon data from others instead of recreating the same; give smart people an opportunity to receive payment through combining data sets into valuable data products.

Fair Remuneration and Incentive Sharing
Potentially, Pioneers will no longer have to worry about the manual process of figuring out how much incentive each Nursery deserves when an aggregated data product is sold on the Quadrant network. Through the Constellations of the Quadrant protocol, Pioneers will know specifically which Nurseries contributed what and how much each deserves? These will all be done automatically without the need for intervention by any party. There are cases in which millions of people, devices, or sensors contribute data to an aggregated product. Each piece of data on its own is worth portions of a penny, making incentive sharing difficult. The Constellations of the Quadrant protocol are intended to handle the distribution of these micro-payments through the use of the QUAD token.

Benefits of Quadrant

Quadrant Protocol Technology
It is a data blueprint; it takes place in the processing and warehouse of data. And the main thing is this project is designed to with both centralized and decentralized Services and it is based on blockchain technology it provides more security to our clients (just like data producer or data consumer) to manage more transactions using quadrant network and quadrant technology operate faster transactions and prevent from malicious activities and it is using Ethereum blockchain technology.

Technical Details
Quadrants will operate on the Proof of Authority consensus mechanism to handle more transactions, operate at lower gas prices, achieve faster transactions, and limit malicious nodes from entering data. Proof Chains External work will be used as an anchor for security purposes.

Data Stamping Protocol

Pioneers and Nurseries can claim a piece of data generated by putting it into the Quadrant.

Open Constellation

The constellation can be made by suppliers and consumers of data and allows for nest sharing of results.

Guardian Node

The guard maintains the Quadrant by building blocks to the Quad Chain and tethering them to the public chain.

Quadrant Network Technology Roadmap

QUAD Protocol and eQuad Token Details
Quadrant protocol is using Ethereum ERC 20 token, quadrant network will have two different types of tokens one is eQuad and another one is QUAD these are the digital cryptographically secured token of quadrant network.

eQuad Token Sale

Token Distribution

Allocation of Contributions

Roadmap

Team

Advisors

Data Providers

Supporters

More Information Follow The On Social Media

Quadrant Protocol Website: https://www.quadrantprotocol.com/
Quadrant Protocol Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Quadrant Protocol Telegram: https://t.me/quadrantprotocol
Quadrant Protocol Reddit: https://www.reddit.com/r/quadrantprotocol/
Quadrant Protocol Medium: https://medium.com/quadrantprotocol
Quadrant Protocol Bitcointalk Page: https://bitcointalk.org/index.php?topic=3339497.msg34942930#msg34942930
Quadrant Protocol Bounty/ANN: https://bitcointalk.org/index.php?topic=3739014.0
Quadrant Protocol Linkedin: https://www.linkedin.com/company/quadrantprotocol/

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