Quadrant ICO Review

   The big data market growing at a rapid pace that is soon to be accelerated by the data needs of Al-driven products. Quadrant Protocol  is in position to provide the framework for all stakeholders in the data market to exchange data for cryptocurrency .

This article provides an overview of the technology, economics, competition, team, token utility , and social metrics that are driving Quadrant Protocol.

Overview:  Quadrant Protocol  project proposes a complete solution for producing authentic and useful data set to demanding parties through smart contracts . Quadrant project aims to provide fairer profit distribution system to verified data sources so it able to build a sustainable and healthy data economy.

Present Problems

There are at least 3 data economy problems that Quadrant wants to address with its protocol.

-         The IA data gap is widening between the haves and the have-nots, small businesses cannot use their algorithms or create IA innovations because they lack large volumes of data.

-         A seemingly endless torrent of false and inauthentic data that results in a set of algorithms bering meaningless because they were created to use real data. Otherwise, the information they produce is also false and useless to those who paid to develop and execute those algorithms.

-         Original data producers do not receive adequate compensation for their contributions, resulting in a lack of volume and authenticity.

Idea

-         Providing a blueprint for mapping data sources by procuring proof  of data authenticity and provenance from data stamping , ‘’ constellations ‘’and fair remuneration.

-         Operating on a Proof of Authority consensus mechanism and external Proof of Work chain for higher transaction efficiency and comprehensive security purposes .

-         Establish a mutually beneficial relationship between different parties that involve in the data supply chain:

+ Nurseries : Parties that provide raw data , eg data from IoT devices, from vehicles or factories.

+ Pioneers : Parties that have to verify the data sources anf then ensure they can supply the factual data to the market in a long-term manner. They have to give a fair share cut to Nurseries parties.

+ Elon : Any individual or institution that can combine verified data from Pioneers and prepare them to be ready for use. In this way, the demanding parties can always find useful data sets for their projects . If any party wants to be an Elon, they have to deposit an amout of QUAD.

+ Guardian nodes : Secure the integrity of the chain and provide data stamping, authenticity, and verification.

Quadrant projects show their ambitious vision of a sustainable data supply chain.

+ Mobile SDK or Local Aggregators Pioneers go out and verify data from sources like App publishers or devices.

+ Next, analytics company, playing a role as Elon , commercialize data sets and make it available for sale to end-users.

Token 

- Ticker : EQUAD

- Quadrant will utilize 2 different currencies for its protocol : eQuad and QUAD

EQuad is an ERC-20 tokens for TGE and will be converted into QUAD when the Quadrant mainnet is luanched .

- Total Supply : 1,000,000,000 token

- Hardcap : 20,000,000 USD

- Token distribution : Crowdsale - 40% , Company - 20%, Stakeholders-20%, The Reserve-10% , Team -10%.

- If hardcap of $20M is reached, $12M will be locked up and $4M will be distributed every year. No other devs team have done such a thing before.

- Token will be used as the medium of exchange for services and the settlement of transactions on the Quadrant network:

+ Processing data stamping / verification and Constellation execution.

+Purchasing data while Pioneers will receive QUAD as remuneration.

+ Staking data for access to datasets for experimentation and trials.

Competitive Advantage

- The team understands the essence of fraud-free data sources so the Quadrant Protocol is built with data integrity at its core : third parties are given the incentive to check data sources before making it avaiable to the market. A two-chain method ( Proof of authority on Quadrant blockchain and an Anchor to a public blockchain) is also applied to ensure the data cannot be reproduced.

- Backed by strong crypto funds like ChainRock , Draper Venture Network , Kenetic Capital.

- Taking counseling from prominent partners in token sale management and technology : Amazix and Bluzelle.

- Quadrant Protocol provides a back-test mechanism in which it allows data consumers can verify if the data they receive is useful enough and fraud-free. With this mechanism , it can maintain the customer satisfaction. No other competitor on the market provides such a tool to end data-users.

- Elon is the critical factor which gives Quadrant Protocol the edge over other platforms because other platforms , which rely on Al , need time as well as qualified data to feed the Al to understand market needs while Elons already kmow the market demands.

- Good audit grade from Hosho is a plus for Quadrant transparency as well as self - improvement.

Competition : 

Features	Ocean Protocol	Streamr	Synapse.Al	Quadrant
Platfrom	Ethereum	Ethereum	Ethereum	Ethereum
Purposes	Build data marketplaces between the supply and the demand of information specializing on SMEs and Al.	Facilitate a marketplace that allows anyone to publish or consume data.	A decentralized data and Al marketplace where you can get user data to Train Machine Learning Models.	Establish a sustainable data economy where all parties in data supply chain can have a fair share cut.
Ecosystem stakeholders	Data provider, data curaror, data verifier, data consumer, keepers.	Publishers, Consumers, Brokers.	Data Seller and Data Puchasers.	Nurseries, Pioneers , Elons, Guardians.
Technology	Proofed Curation Market + Decentralized / Centralized Cloud.	Sharding	Ethereum Smart Contract and Al Learning	Quadrant Blockchain , Proof of authority and PoW.
Al Using	No	No	Deploy Al for training data models.	No Al, but deploy Elons Program to produce useful data sets for commercial purpose.

Team : 

- Young and ambitious team with experience in Big Data and Blockchain Engineering .
- Strong backing of high caliber advisors from Bluzelle, BitGo and Sentiment. 

Products 

   When the mainet is live, all essential features and services will be available: data Stamping Protocol , Stamping Verification, Open Constellations, Network Nodes and Clients, Data Enhancement by Elons and Public chain Anchors on Ether. It means, in Q3 2018 , the Quadrant Protocol is ready for all interested parties to participate in the ecosystem.
Quadrant uses the two - chain techniques to enable fast and cost- efficient transactions within the network . They aim to blend Proof of Authority and Proof of Work to achieve below goals:
+ Handle more transactions at faster speed 
+ Low gas price
+ Maliccious node restriction.
Quadrant codebase has passed the smart contract audit by Hosho - a global leader in blockchain security and smart auditing. This result not only demonstrates what Quadrant team is striving to fulfill but also is measure for Quadrant practicalities.

Roadmap :

- Q3/2017 : Product Identified and Solution Architecture Kick Off.
- Q4/2017: WP Drafted
- Q1/2018: 
                   Sale Contract Creation & token Contract Creation.
                   Testnet Release
                   Data Stamping Contract Testing.
                   Initial Client Testing
- Q2/2018 : 
                   Token sale Whitelisting
                   Security Audits
                   Token Generation Event
                   Mainnet Release
                   Data Stamping Quadrant Release
- Q3/2018:  
                  Constellation Protocol  Release
                  Constellation Explorer  Release
                  
- Q3/2019: Enaiesble Micro Payments for Nurser
- Q1/2020: Distributed Guardian Nodes.

Conclusion 

   Along with the development of artificial intelligence, large amounts of data should  be used . The authentication of data to provide for algorithms is very necessary. 
   Quadrant team knows what is their strategic asset to participate in a competitive market. With practitioners of IoT, M2M , Big data Applications and backing from influential VCs , the team is ready to challende other Data marketplace platforms.
   Quadrant has shown their transparency and determination through allowing codebase audit from an independent agent. This is a highly appreciated core value.

Information : 

Website || Whitepaper || ANN Thread || Telegram || Bounty

Author : 

Bitcointalk username : Ana Le

Bitcointalk url : https://bitcointalk.org/index.php?action=profile;u=1504388

 ETH wallet : 0x42A44B84a49A0bfE4Ab315E9c209F3e0074c270c