Quadrant is a blockchain-based protocol for mapping data.
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.
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.
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.
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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26 Jun 04:00 UTC
26 Jul 04:00 UTC
|0.05 USD||No||-||3,000,000 USD||20,000,000 USD|
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