INTRODUCTION.
The advent of Information technology has contributed in no small measure to the growth of global data economy. Big data sources such as search index engines, social platforms and digital market place have evolved to become the bedrock on which today's Artificial intelligence, Internet of things, machine learning protocols are deployed for creation of apps that has digitized our lives. Consequently data has become a much sought after ingredient, for development of technologies that would further simplify human existence.
The data market is indeed a lucrative market, with a global revenue of $229.25Billion in 2017 and projected to be worth $335.48Billion by year 2020 (statista 2018). Big data companies Such as Google, Apple store, Facebook,Instagram Twitter etc are the most benefeciaries of these revenue, as they have resources to harness data, inputed by users who patronize their platforms. Startups and small companies, who lack the resources to aggregate these data are at a disadvantaged position by making multiple payments for same data to data Vendors.
In the data market,availability of 100% authentic data and transparency in its source , is a mirage for data Consumers who require it to develop and drive their products, more often, they purchase adulterated data which produce distorted results when fed into the system. Quadrant protocol aims to bring transparency onboard the data market by deploying the power of the decentralized open ledger technology of Blockchain, and incentivize the data chain to ensure a fair share among the stakeholders on the data chain and award value for money by authenticating the veracity of the data supplied and purchased.
OVERVIEW OF QUADRANT PROTOCOL
At the core of the Quadrant lies an inherent Protocol designed to ensure that the above listed goals are actualized. The architectural framework of the Quadrant Protocol is a Blockchain based network that works on centralised and decentralised services. It Utilizes a Proof of authority consensus within the data network and an external Proof of work to provide security for the data on the network.
Briefly let me explain how the Quadrant Protocol works. Basically it’s a protocol that facilitates access to a secured mapped disparate, authentic,organized datasets. A typical data chain comprises of (a) Atomic data producers ADPs ,these category provide datasets in its raw state.(b) Data vendors,these second category collect the data from the ADPs, collate the data and transform it into a value added data product for usage by data driven businesses or consumers. Data vendors often conceal their data sources which mostly are disparate to maximise profit. (c) Data consumers,these are the data driven software companies or research institutes or Government bodies, requiring continuous supply of authentic data products to power their innovation. These three categories are unable to synergize the data market to power the technologies that is congruent with our fast evolving world. This is where the Quadrant Protocol steps in,the Quadrant Protocol is designed with a blueprint Made up of
• Nurseries :The raw data from ADPs
• Pioneer :This is the value added data sets from data vendors which are usually disparate in nature, but are arranged and aggregate into data products as data smart contracts known as constellation.
• Elons: These organize the data products from the pioneers into mega data smart contracts or mega constellations, a constellation is a refined data product, that aggregates other similar value added data sets from disparate sources and links it together to become a larger data product, which match the request filled in by a data end User.
• Guardian Nodes:This is a security feature that blocks any malicious attack on the data chain.
The Quadrant Protocol provides a network where the authenticity and ownership of the nurseries are stamped on the Blockchain,to allow for proper renumeration for the data supplied each time it is used. The data Vendors' sources, now referred to as data smart contract are lodged on the open ledger Ethereum blockchain and open for all to view, this eliminates data cross pollination. The Elons which is the high point and a landslide competitive advantage for the Quadrant Protocol Project,finds a linkage or connections among the aggregate data smart contracts lodged on the network, to create a mega constellation,which fills in the specific request of the data Consumer for powering their algorithm. The guardian nodes secures the smart data on the chain to ensure the data is unadulterated.
TOKEN DETAILS
Quadrant Protocol deploys two tokens Quad token and eQuad token on the Ethereum Blockchain. Quad token is a utility token usable within the network along the data chain for stamping,payments and staking of Elons,to mention a few while the eQuad ERC 20 token will be sold during the Token Generation Event and can be converted to Quad token when mainnet is launched. Full details are available on the website.
TOKEN GENERATION EVENT is LIVE, join the Quadrant protocol telegram chat room or visit the website for further details.
The Team behind the Quadrant protocol are drawn from across the world and are experienced in software engineering and data development, full information are available on the website.
IMPORTANT LINKS
Website: https://www.quadrantprotocol.com/
Official Telegram Group: https://t.me/quadrantprotocol
Whitepaper. https://goo.gl/mNoMq2
Twitter: https://twitter.com/explorequadrant
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3739014.0
Written by Funmmi2
Bitcointalk Profile link. https://bitcointalk.org/index.php?action=profile;u=2100818
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