Quadrant

Quadrant is a protocol designed to organize disparate data sources and facilitate the creation of new data products from those sources. Central to Quadrant’s aims will be the ability to stamp the data when it joins the network using the SHA-256 hashing algorithm. This means each consumer of data on the Quadrant network can be assured about where the data came from and that it is genuine and has not been tampered with. Quadrant represents the first real attempt to democratize the data economy, while at the same time creating a powerful new method to completely ensure the integrity and provenance of data.

How Quadrant Works

The modern world is increasingly reliant on huge volumes of data, to advance scientific research, drive businesses and shape government policy. To date, the economy that has evolved around data has been inefficient, heavily biased towards a number of large players and virtually unprotected against a large amount of fraudulent data that is being sold. Data generators, or nurseries as they are known on Quadrant, upload their data to the network and it is stamped with its SHA-256 hash. This creates an immutable record on the blockchain that assures end users that the data is genuine and has not been compromised. By mapping a large amount of data sources in this manner, Quadrant then creates the ability for new data products, called constellations, to build from these sources. These constellations are built using smart contracts. The builders of constellations are called Pioneers and they can distribute constellations to end users called Elons on the network. Quadrant will utilize its own token with these smart contracts and this allows a much fairer distribution of the rewards between the various stakeholders.

How did Quadrant begin and who Invented it?

There is an inherent unfairness in the availability of data to different organizations today. Large companies like Google and Facebook can collect and retain vast amounts of data, giving them a considerable advantage over smaller companies that lack this kind of ready access to data. There are a huge number of data silos available across the world that are not mapped in any kind of meaningful way. Quadrant aims to bring all those data sources together on one network, in a manner that guarantees the integrity of the data, make that data accessible to organizations of all sizes and facilitate innovation in the form of new data products, or constellations.

The team behind Quadrant has an exceptionally strong technical background in Big Data and blockchain technology. Founder Mike Davies has dedicated a number of years to solving the issue of trust in the data economy that is key to revolutionizing the industry. Having worked with major IT firms across the world and developing a deep understanding of the power, and the limitations, of Big Data, Mike identified blockchain technology as the ideal way to not only distribute data fairly but also to verify its authenticity at all stages.

Investing in Quadrant Token and TGE

Quadrant is providing the opportunity for crypto investors to get on board this revolutionary project at an early stage. In its Token Generation Event (TGE), it will crowdfund its token, EQUAD, that will drive its network. All fees and payments on the network will be done in EQUAD. The data space is going to become ever more important to business as well as academic research. The increased reliance on AI and machine learning for business applications alone will drive a very strong demand for an easily accessible and versatile data supply platform like Quadrant. Quadrant is in a particularly strong position with a first mover advantage. With no real competitors, it is poised to take a dominant position in the market when it goes live.

While Quadrant does provide a lot of growth potential, investors will be buying into a platform that isn’t live yet. It has an excellent plan and a market does exist for this startup, but the project is still in the early stages of implementation. The network is not expected to be fully in place and functioning until January 2020.

What problem is addressed by Quadrant Protocol?

Quadrant Protocol is a Singaporean ICO, started 4 years go by the DatastreamX founder and CEO Mike Daive. Companies today, struggle to create AI innovations and Machine learning tools because they lack access to volumes of data, specifically authentic data needed to power the AI algorithms. There has been an ever widening gap between parties with resources that collect and store their own data and parties that do not. With such an enormous pool of data being created around, the authenticity of the same is unclear. Quadrant believes that this particular gap has been created as the suppliers are not fairly incentivized and fair revenue distribution scheme for both, data producers and vendors does not exist. This is leading to an unhealthy economy in the world of big data and authenticity needs to be met, immediately.

A real world solution to a real world problem:

Quadrant offers a blueprint for mapping, fundamentally heterogeneous data sources. It is providing an ecosystem of "proof of data authenticity" and "provenance" through data stamping. Data stamping is referred to the creation of a constellation -- smart contracts that execute these disparate data sources to facilitate fair remuneration and incentive sharing. There are two primary participating benefactors the "Nurseries"- data producers and "Pioneers" - data vendors, play a major role in the Quadrant ecosystem. They are fairly compensated when their data is used every time and are incentivized to create innovative constellations, ensuring a channel of authentic data for the companies.

Quadrant "Pioneers" map different data into discrete data sets and then "Elons" (the brightest data minds) find linkage and map these data sets into a more logical or vertical set in a broader sense to power the AI algorithms or solve real world problems. This factor is where Quadrant distinguishes itself from its other competitors. It is designed to work on both decentralized and centralized services. This uniqueness, allows Quadrant to operate at a lower gas price and achieve faster transactions. The ecosystem, allows only the enrolled users to use and contribute data which restricts the malicious nodes from entering data into the network. It provides core quadrant blockchain functionality and unlike its other competitors, it is not the same as gaining ownership of the data through marketplace but through a concrete set of rules and consensus mechanism.

Review on the team:

Quadrant Protocol, currently has a team of 10 members who are also related to DatastreamX, Founded by the same CEO and also works on the same concept of data monetization without blockchain. Quadrant has partnered with up big blockchain firms like Kenetic Capitol and Bluzelle. Interestingly, IMDA (Singaporean government) has also backed up this project. On the other hand, quadrant has an impressive team of advisors like Pavel Bains (Founder and CEO, Bluzelle) and Benedict Chan (CTO, BitGo). The team has received an overall rating of 4.3 on TrackICO and an ICO score 6.4 on Foundico.

Token and ICO details:

Quadrant utilizes two different currencies for its network: eQuad and QUAD. QUAD is a token meant to be utilized on the network while eQuad is an ERC-20 biddable token meant to be sold during the Token Generation event (whose reason is not specified clearly).Price of 1eQuad (ETH) is 0.05USD. The hardcap is set on 20 million USD and soft cap is set on 30 million USD. Token is distributed as ; 40% Crowd sale, 20% held by the company, 20% stakeholders, 10% reserve and 10% to the team. The company still seems to be running a private sale with no information about the Public sale yet.

Our Review:

Quadrant has congregated, great partnerships over the year with a quiet sustainable solution and a revenue model on the blockchain platform. It certainly seems to have an impressive and achievable road map. Although, the company seems to be sure of what it is doing or how it will execute its solution towards the real world problems, the clear side of the high upside seems shaded for now, there is not enough information to summarize on it.