Quadrant protocol ensures creation of a plan for mapping disparate data sources. It will support the function of validating data and provenance by creating so-called constellations. These smart contracts are designed for disparate data sources, fair rewards and incentives. Data consumers will be able to trust the reliability of the data they buy thanks to nurseries smart contracts and receive compensation for each use. Pioneers or data providers will be encouraged to create innovative constellations. This innovative transparent ecosystem ensures companies to obtain the reliable data they need. The greatest potential of the project lies in the possibility provided to elons. They represent the brightest data nodes and provide a link between different constellations, and can also create mega constellations that will be used by data consumers to solve real problems.
Quadrant is designed to work both with centralized and decentralized services. Its architecture consists of a key quadrant block or clients (Data Producer, Data Consumer and Anchor) and nodes (Guardian). The system will be based on the authorization mechanism which will be able to handle more transactions, work with a lower commission, provide faster transactions and limit the entry of malicious nodes into the network. For security purposes, an external PoW algorithm is used. At the initial stage of the system development, it will be based on the Ethereum blockchain, but if necessary, it can be replaced by any other public blockchain. The system's protocol balances all discrepancies in various data sold by suppliers and received by customers. Thus, each participant in the network is given a fair opportunity to compete and grow, regardless of her status and income level. The blockchain is designed in the form of a community that unites data producers, suppliers and consumers so that everyone can honestly assess the optimization of the development, sale and purchase of data, depending on the situation. The system has all the necessary functions that help to verify the reliability of all uploaded data.
The Singapore Quadrant company develops the project. More than 10 specialists and advisers work on the creation of the system, including Mike Davie, founder and CEO of DataStreamX, Barkha Jasani, Head of Research & Development at DataStreamX, Sharique Azam, a Big Data experts, and others.
Quadrant will use two different currencies: