[ICO Review ] Quadrant Protocol

What's about Quadrant Protocol ?

Quadrant is a blockchain-based protocol that allows access, creation, and distribution of data products and services with authenticity and provenance.

Quadrant helps to overcome these problems by enabling the access, creation, and distribution of data products with authentication and provenance with the aid of their blockchain-based protocol.

It provides the infrastructure for the exchanges of services between data providers and data purchasers based on smart contracts AND with the facility of tracing the accuracy of this data — basically data buyers can trace and find proof of who created the data.

The system ensures that data producers are compensated every time the data that they provide is used, no matter how far up the tree the data is brought. This incentivizes the mass production of data which are termed as Constellations and are put on a Data Smart Contract for anyone or any business that is interested in purchasing accurate and reliable data.

As stated in their website: “the data economy is like space; unmapped and chaotic. Quadrant services as the blueprint that provides an organized system for the utilization of centralized data.”

This process will be set up as a decentralized, blockchain-based network protocol, enabling users and businesses access, distribution, and creation of data-based services, focusing on provenance and authenticity at its most granular level. They are truly capitalizing on the big data marketplace.

On Quadrant Protocol’s network, data originators are the nurseries. They create individual pieces of raw data, or stars. These data pieces are picked up by data vendors, referred to by Quadrant as pioneers. These vendors develop data products to sell in their marketplace. These products are called constellations.

When Pioneers create constellations (i.e. a data vendor creates a data product), they submit them to a guardian for stamping and authentication. Once stamped, every star (piece of raw data) within it can be tracked, all the way back to the nursery which provided it. This is how the blockchain comes into play, as a publicly-facing ledger providing transparency of data, where it goes, and where it comes from. This also allows Pioneers a way to quickly determine how much to pay each nursery.

Features of Quadrant Protocol

Data Stamping
They stamp for authenticity, allowing data buyers to trace and have proof of who created the data.

Constellation Creation
They are daring Pioneers to venture, enabling them to create the first Data Smart Contracts and are deployed to create new data products

Enriched data and services
They are empowering the brightest minds to work on creating Mega Constellations - new products and services on top of Quadrant.

Business Cases
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 utilize 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.

Who’s in that A-Team then?
The team behind Quadrant Protocol is the same team behind DataStreamX (DSX), an online marketplace for real-time data.

DSX has been around for 4 years and are trusted by big corporations and universities like DataSpark, Nanyang Technological University Singapore and National University of Singapore (rated 15th University in the world by QS Global World Ranking).

Basically the team has got experience in the space and aren’t the noobs half these ICO teams turn out to be (I’m probably not going to get alot of writing jobs after this)

Mike Davie, CEO and Founder

He is the founder and CEO of DSX as well and his experience there, led him to search for a solution for the problems in data economy. Cue Quadrant Protocol.

Other past experiences include Samsung where he developed business models for future smartphone devices and market entrance into new markets in SE Asia and the Middle East.

Barkha Jasani, Director of Engineering

She held the same title in DSX and has over 9 years of experience as an effective full stack platform engineer; also has experience in building dApps and is an experienced blockchain researcher & architect of Decentralised Ethereum blockchain solution.

Sharique Azam, Big Data and Blockchain Engineer

Also part of DSX and in his time there was building and deploying a variety of SDKs and APIs so that clients are able to consume data more efficiently, integrating IBM Watson’s trade-off Analytics to get data visualisation, and other cool stuff.

Any Rockstars on their Advisory Panel?

Supporters

1. Draper Venture Network . Needs no introduction , if you do, you haven’t been in enough ICOs.

2. Amazix . Yes, the ones you see everywhere in Telegram.

3. Chainrock . Portfolion includes Achain, ICON, FANTOM, and others.

Partners

Bluzelle . Recent successful ICO for data and storage management. Its current market cap as of the writing of this article is just under 80 million USD.

Token Metrics

1. Hard Cap: USD 20M

2. Total Supply: 1,000,000,000

3. Token Type: ERC-20 Token

4. Token AFS: 40%

5. Token Price: 0.05 USD = 1 eQUAD

If the contributions received amount to a total of more than 7 million USD, than the token will be distributed as so:

Investors will receive 40% of their tokens upon the close of the eQUAD token sale

The other 60% will be distributed over the course of 4 years, with 15% being released annually

Unsold tokens (Yeah, right) will be locked-up and held in a reserve. Another token sale for these unsold tokens will then be held not earlier than 2 years after the current token sale.

Roadmap

Important Notes

Quadrant's testnet is live. You can check detailed info from here

They made a partnership with Bluzelle. Which is perfect because of Bluzelle's working area. Project will definitely be effected in a positive way. Check details from here

Thank you for reading the article!

Visit more details

Website: https://www.quadrantprotocol.com/
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/quadrant-home-secure/assets/images/Quadrant_Protocol_Whitepaper_V1.0.pdf
Telegram: https://t.me/quadrantprotocol
Reddit: https://www.reddit.com/r/quadrantprotocol/
Medium: https://medium.com/quadrantprotocol
Bitcointalk Page: https://bitcointalk.org/index.php?topic=3339497.msg34942930#msg34942930
Bounty/ANN: https://bitcointalk.org/index.php?topic=3739014.0
Linkedin: https://www.linkedin.com/company/quadrantprotocol/

Telegram username: @QuangLongg
Bitcointalk username: icoinvesting
Bitcointalk URL profile: https://bitcointalk.org/index.php?action=profile;u=1696919