Quadrant Protocol

The Quadrant Protocol is envisaged 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. It is envisioned to act as a blueprint that provides an organised system for the utilisation of decentralised data. 

There are four major problems facing the data economy:

1. A widening AI data gap between the haves and have-nots

2. Ubiquitous fake and unauthentic data destroying the usefulness of any algorithm

3. Unsustainable data feeds breaking production systems when they go offline

4. Unfair revenue distribution for the original data producers

Quadrant aims to solve these problems by providing a blueprint for mapping disparate data sources. 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. 

Quadrant maps disparate data sources so that new, innovative data products can potentially be created to help companies meet their data needs.

This is intended to be made possible through the participation 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 utilise the created data products and with them, build new and unique products and services. They rely on Constellations and Constellation blueprints to make sense of the data space, which they will travel through.

• Guardians — the master nodes that protect the integrity of the chain, ensuring that it is not compromised. The Guardians ensure that the Constellations created by the Pioneers are not compromised and provide the services of stamping, authenticating and verifying data.

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. The foundations of the data economy must be built on trust. Blockchain is the perfect candidate to facilitate this trust because it offers an immutable record of historical activity. Quadrant will require 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.

• Constellations for Disparate Data Sources. Constellations are intended to level the playing field so that everyone has access to the data that they need when they need it.

• Fair Remuneration and Incentive Sharing. Through the Constellations of the Quadrant protocol, Pioneers will know exactly which Nurseries contributed what and how much each deserves. These will all be done automatically without the need for intervention by any party.

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. An external Proof of Work chain will be used as an anchor for security purposes. For the time being, the Ethereum blockchain will be used for anchoring but it can be replaced by any public chain in the future if needed.

Quadrant will utilise two different currencies for its network: eQuad and QUAD. QUAD, a utility token, is designed to be used solely on the network. It will be used to stamp data, support simple and complex access structures, simple and complex subscription payments, and for staking by Elons. eQuad is an ERC-20-compliant token that will be sold during the Token Generation Event. It may be converted into QUAD via a gateway when the Quadrant mainnet is launched.

DataStreamX (DSX) would provide development services for the Quadrant Protocol. It would support the Quadrant network in building the protocol to help users solve real-world problems and to create foundations of transparency and authenticity in the data economy. DSX has operated its data marketplace and data brokerage business since 2015.

Quadrant protocol is supported by an interesting team of blockchain developers:

- Mike Davie - CEO and Founder. Also he is founder and CEO of DataStreamX. Previously worked in Samsung Electronics for 3 years.

- Barkha Jasani - Head of Research and Technical Development. She is DataStreamX’s Head of Research & Technical Development. She is a seasoned team member who has been executing on our roadmaps and successful proof of concepts, as well led the successful commercialization of the DataStreamX platform. Barkha is working closely with Mike Davie and DataStreamX since its launch in 2014.

- Sharique Azam - Big Data & Blockchain Engineer. Sharique plays a key role in implementing roadmap developing the Data Producer and Data Consumer Clients, as well as the Anchoring Client. In his work at DataStreamX, he was responsible for creating the systems that handle of millions of data records per day, making sure the data keeps flowing to and from the system.

- Roger Ganga - Data Scientist & Solidity Engineer. Roger is responsible for the the implementation of data smart contracts and the AI / MircoService layer that will power the adoption of the protocol. 

Also project has good advisers support:

- Pavel Bains CEO Bluzelle.

- Benedict Chan CTO at BitGo, Inc. 

- Dorjee Sun COO Sentiment. Adviser of Devery, Republic Protocol, Airbloc.

❌ Don't miss new reports

✅ Join ICO Reports in Telegram