The volumes of algorithms and databases in the world are growing at an enormous rate, largely due to the development of blockchain technology. So it's time to create an ecosystem that will serve other ecosystems. Meet the Quadrant Protocol, a decentralized platform for creating, storing, verifying and sharing information.
The essence of the Quadrant Protocol
In order to reliable work of algorithms, it is necessary to check and apply gigabytes of reliable data every second. But how many people and computers will require to ensure the continuity of such a checking process? And where to store so much information? Serious problems are hanging over modern ecosystems, including dubious authenticity - it seems, it is headed towards information stagnation.
The Quadrant Protocol appeared because the providers did not have an incentive to verify the authenticity of data. Even those who create data were not rewarded fairly and were not interested in data validating. This healthy and transparent mechanism, based on ERC20 tokens, is able to reward each participant of the ecosystem so that it works effectively.
The challenges that the system confronts to
- Verification for reliability of huge data sets;
- Creation of files from disparate sources (bringing them to a common denominator);
- Access for companies that no longer need to reinvent the wheel to get the information they need;
- Stability and high efficiency of data verification;
- Transparent interaction of all participants;
- Processing a large number of transactions in a short time.
What is the otherness of this ecosystem?
In its unusual architecture, perhaps? Look at this picture
Verification and filing of the data will be done through the creation of "constellations" - smart contracts between the participants. This, perhaps, will inspire scientists of the new generation to search for revolutionary ideas and to create new enterprises.
Consumers defined as “nurseries” will be able to buy verified data by signing contracts. They will be able to see how far their data is being used along the chain, and they can provide their data to several Constellations that solve different problems.
Suppliers in this system are called “pioneers”, because their ownership of their data is fixed at the very first level. The most visible "clusters" of data will be called “elons” and maintain a connection between the smaller constellations. Security by building blocks and binding them to an external network provides a "float” which calls Proof of Work and nodes "Defenders" At first it is planned to bind the tokens to Ethereum, but if this will be subsequently necessary in future, the blockchain can be changed.
Also interesting is the Open Constellation function, where both users and data providers can customize smart contracts due to their parameters. Well, so much for fair competition!
Who works on the platform
In this "constellation" are presented developers from different East countries under the direction of Mike Davy (founder and CEO, founder of DataStreamX).
Cryptoanalysts have already congratulated the team on the fact that their project has a great future. After all, there are still insufficient analogues of the platform yet. Large and small companies will be interested in using Quadrant storage.
Pre Sale, ICO Information
Pre Sale was held in May 2018. The sales dates are fixed from 26.06 to 26.07 of the same year.
Token: ERC 20
Price of the token: 0.05 USD
Total issue of tokens: $ 1 billion
Soft cap: $ 3 milliions
Hard cap: $ 20 millions
Collected funds for Pre-ICO $ 15 million
- Crowdsale - 40%;
- Company Foundation - 20%;
- Team - 10%;
- Reserve - 10%;
- Stakeholders and early investors - 20%.
Distribution of funds:
- Business and network development of the platform - 35%;
- Development of SDK and R&D - 30%;
- Operating expenses and security - 25%;
- Legal expenses - 5%;
- Treasury - 5%.
If WhitePaper project is not lying, then its implementation will provide a very necessary system of storage and data exchange. Right equally promising. That means, investors will also be interested in this project. Quadrant is aimed at creating an economy of data for such large companies as Google and Facebook, in turn, reducing their impact. I’m still interested following development in the official blogs of Telegram and Twitter.