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. Where Quadrant has major potential for impact is the ability it provides “Elons” (the brightest data minds) to find linkages between different constellations and, in turn, create mega Constellations that can be used by Data Consumers to solve real-world problems. This is where Quadrant differentiates itself from its competitors.
Quadrant Protocol platform has an algorithm for working as a circuit. It provides organized operation of the system, automatically saves data in the blockroom, after which they can be used at any time.
The Quadrant Protocol operates on the basis of a consensus mechanism that processes transactions and smart contracts. The system can be used in different areas. The developers promise high efficiency and performance, guaranteeing security, as when entering data all malicious nodes will be automatically blocked. Quadrant Protocol will be able to use the infrastructure for exchanging DaaS and AI data between different organizations. So, users can use their smart contracts to sell their data. In addition, DaaS and AI will be able to develop new products and services on the platform.
Attention. There is a risk that unverified members are not actually members of the team
$15 000 000
Quadrant Protocol aims to overcome the problem of data gathering and authentication for AI. It is crucial for small and medium enterprises that buy such information and fake data is detrimental. Therefore, the demand here is met. Competitors here are IOTA, Ocean Protocol, Streamr, Synapse that will release their product till the beginning of 2019. Quadrant Protocol roadmap not significantly lags behind the competitors. Its model is obviously different but does not have significant edge on competitors. Quadrant market entry strategy is normal and fits market trends but there are no details regarding the competitors. Quadrant ecosystem includes 5 agents. Nurseries provide raw data, they are IoT sensors as an example. Pioneers turn raw data into databases. Elons combine all data and provide final data product. Guardians are master nodes and keep blockchain working. In the end are data consumers – Quadrant Protocol clients. Data origin is saved in blockchain and data itself is marked so a consumer may be sure that data have not been changed. Revenue from data purchasing is divided for all value chain participants. Mainnet launch is going to be in May 2018, smart contract in October 2018 and monetization system with nodes is to be launched in 2Q 2019. The product is under the testing now and it is impossible to track its development and ICO smart-contract development as well.
Blockchain saves data origin and smart contracts distribute revenue automatically. Transactions are nominated in QUAD that is also a reward for nodes. eQuad issued on ERC-20 standard will be exchanged to QUAD of the own blockchain. Consensus algorithm is Proof of Authority aiming to increase transaction proceeding. Some portion of QUADs will be taken to guarantee valid data from Elons. ICO has rational grounds. Hardcap is set as 20M USD with softcap of 3M USD. It is a bit overestimated but considering 40% to tokensale total token pool capitalization turns 50M USD that is not so much in comparison to competitors. Other 60% is distributed as follows – 10% for team, 10% for partners, 20% for reserves, 20% for operational expenditures. Costs are structured and the team provides details and grounds for all the elements. Direct revenue streams are not announced but such projects usually are interested in token price increase.
Quadrant Protocol is a product of DataStreamX – company trading data since 2014 with technologies applied in Quadrant. The team include 7 members working in DataStreamX as well. CEO has worked 3 years in Samsung in marketing and strategy departments and 5 years in management positions in IT companies of Canada and Asia. Director of Engineering has relevant experience since 2008 with 4 years in managing IT teams. Other technical specialists have been in DataStreamX since 2015 or 2016 with 2 years of previous experience. CMO only has marketing experience in DataStreamX.
● Quadrant Protocol is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. ● The project was borne out of our past experiences in the data economy and a working business in DataStreamX (DSX). DSX (datastreamx.com) has operated its data marketplace and data brokerage business since 2015. Its mission is to unleash the power of the data from the world by facilitating the transacting of data between buyers and sellers on its platform. The Quadrant Protocol aims to continue this mission.● Quadrant has assembled an outstanding group of commercial partners and allies over the past several months, including Bluzelle and Kenetic, all of whom we are confident will add long-term value to Quadrant. ● Additionally, last month (May 21st), we signed a 2-year partnership with Singapore’s Info-communications Media Development Authority (IMDA) to implement a commercial AI and Microservice layer on DataStreamX, powered by Quadrant Protocol. This initiative aims to promote ground-breaking innovation around the use of data to solve global problems within a sustainable and regulated framework.
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