Overview

Quadrant is a blockchain-based protocol for mapping data.

Detailed description

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 utilization of decentralized data.

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. 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.

Problem

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 is 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 because 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.

Solution

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. 

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.

Features

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 envisioned to be the key to bringing together disparate data sources in such a way that they can be used by Pioneers, Elons and other Data Consumers to compete with big firms. Constellations are intended to level the playing field so that everyone has access to the data that they need when they need it, which is projected to inspire a new generation of data scientists to discover revolutionary insights; enable new businesses to form; allow people to build upon data from others instead of recreating the same; give smart people a chance to receive remuneration 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 exactly which Nurseries contributed what and how much each deserves. These will all be done automatically without the need for intervention by any party.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : eQUAD
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 20,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :3,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 eQUAD
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Canada, China, New Zealand, North Korea, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Ended
    26 Jun 04:00 UTC
    26 Jul 04:00 UTC
    0.05 USD No - 3,000,000 USD 20,000,000 USD
    • Team

      • Mike Davie photo
        Mike Davie
        Founder
      • Barkha Jasani photo
        Barkha Jasani
        Director of Engineering
      • Sharique Azam photo
        Sharique Azam
        Big Data & Blockchain Engineer
      • Navas Khan photo
        Navas Khan
        Head of Marketing
      • Roger Ganga photo
        Roger Ganga
        Data Science & Smart Contracts
      • Marlina Farhin photo
        Marlina Farhin
        Front End Developer
      • Nikos Kostopoulos photo
        Nikos Kostopoulos
        EU Community Manager
    • Advisors

      • Dorjee Sun
        Community Advisor
      • Benedict Chan
        Technical Advisor
      • Hari Krishnan
        Strategic Growth Advisor
      • Everett Leonidas
        Corporate Partnerships Advisor
      • Jeremy Seow
        Market Advisor
      • Whit Walker
        Market Advisor
      • Pavel Bains
        Technical Advisor

    Roadmap

    • Q1 2018

      Token Generation Event

      • Sale Contract Creation
      • Token Contract Creation

      Product

      • Testnet Release
      • Data Stamping Contract Testing
      • Initial Client Testing
    • Q2 2018

      Token Generation Event

      • Whitelisting
      • Security Audits
      • Token Generation Event
      • Tokens Distributed

      Product

      • Data Stamping Protocol Release

      Business

      • Onboard selected DataStreamX users onto Protocol
    • Q3 2018

      Product

      • Constellation Protocol Release
      • Constellation Explorer Release
    • Q3 2019

      Product

      • Enable Micro Payments for Nurseries
    • Q1 2020

      Product

      • Distributed Guardian Nodes<

    Activity