Quadrant is a blockchain-based protocol

hilmy (25)in #quadrant • 6 years ago (edited)

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the Quadrant Protocol aims to create a transparent, trustworthy, and fluid flow of data. Considering that the real value of data depends on the procedures related to its collection, organization, and accuracy, the creation of a mechanism guaranteeing the originality and accuracy of data is critical to improving the data economy.

With the power of blockchain technology, Quadrant creates a method of authenticity and provenance through data stamping, making data verification possible. Quadrant works to prevent the ecosystem from falling into the same traps that it has in the past, where bad actors flourished due to the industry’s non-transparent nature.

Quadrant envisions itself creating a promising future for the quality, transparency, and authenticity of the data received by AI companies, helping them create insights and services that have far-reaching effects.

To make the presentation of Quadrant and its data stamping feature simpler and more comprehensive, we need to deconstruct the key participants and their roles in the platform:

Nurseries — Entities who create data
Pioneers — Entities who use smart contracts to turn data into data products called Constellations
Elons — The visionaries who create innovative data use cases and build upon data within the system
These three entities empower the system, making new data available and driving innovations that will have an impact on the way we work and live. But to drive these innovations, we first must start with trust.

Data Stamping
Producer Client

Data stamping begins with the Nurseries. As soon as data is produced, the hash, along with metadata, is stamped into Quadrant. This ensures that when the data is consumed, either today or ten years from now, the Data Consumer is assured that the data is in the exact state it was in when it was produced.

As an example, a data producer has data streaming from millions of devices into his storage every hour. Quadrant’s Data Producer Client will be programmed to read from this storage and begin the stamping process. It will read the file or directory of files, create a hash, and then stamp the data’s metadata — its DNA — into Quadrant. This data DNA will be used to identify the data and its provenance in the network. At this point, the producer client has fulfilled its function of stamping data to the chain.

Consumer Client

When data is bought via smart contracts on Quadrant, our Consumer Client will kick in. It will read the delivered data and hash them for verification. After this data hashing, the generated hash will be used to identify the authenticity of the data as compared to the original files. In turn, the Quadrant Consumer Client will generate a stamp and verify it against the Quadrant Procurer Client. A match indicates the successful completion of verification.

The stamping and verification processes all run programmatically, with the respective users able to set the timeframes and create alerts to notify them of data hash mismatches.

Quadrant will use two different currencies: eQuad and QUAD. QUAD token will be used to subscribe and pay access to data. eQuad is a token that is compatible with ERC-20, which will be sold during the Token Generation Event (TGE). It can be transferred to QUAD when the main Quadrant network is launched.

The project is built on the basis of the already existing and operating since 2015 company DataStreamX.

The partners of the project indicate a group of companies specializing in data processing.

It should be noted that for the decentralized storage of data Quadrant signed a partnership with the project Bluzelle.

On May 10, the Quadrant team promises to publish an announcement with details of the testnet. It is expected that after this announcement interest in the project will increase dramatically.

Hard Cap: $ 20 million / 1 billion eQuad

Price of the token: 1 eQuad = 0.05 USD

Description of the token: platform Ethereum, ERC20

Lock tokens: The main tokens will be available 30 days after the TGE. Lok bonus tokens - 3 months

Pool size: from 200 ETH

Bonus: 10%

Minimum payment 0.5 ETH

Pool fee: 4%

If you are a data producer and want to start using Testnet, please visit telegram and Website

Telegram : https://t.me/quadrantprotocol

Website : https://www.quadrantprotocol.com

ANN tread : https://bitcointalk.org/index.php?topic=3676988.0