What is QuadrantProtocol?

QuadrantProtocol (EQUAD) is a distinctive cryptocurrency that operates on the Ethereum platform. It seeks to provide a blueprint for mapping disparate data sources, supporting proof of data authenticity and provenance via data stamping. The protocol also facilitates the creation of "Constellations" or data smart contracts for diverse data sources, and ensures fair remuneration and incentive sharing. QuadrantProtocol aims to create a transparent ecosystem where data consumers can trust the authenticity of the data they purchase, data producers are compensated fairly, and data vendors are incentivized to create innovative constellations.

How does QuadrantProtocol work?

QuadrantProtocol operates on a Proof of Authority consensus mechanism, which allows it to handle more transactions, operate at a lower gas price, and restrict malicious nodes from entering data into the network. It aims to improve transaction speed. An external Proof of Work chain is used as an anchor for security purposes. The protocol utilizes two different currencies for its network: eQuad and QUAD. QUAD, a utility token, is designed to be used solely on the network for data stamping, supporting access structures, subscription payments, and for staking by data experts. eQuad is an ERC-20-compliant token that can be converted into QUAD upon the launch of the Quadrant mainnet.

What are the potential use cases for QuadrantProtocol?

QuadrantProtocol aims to address the challenges in the data economy by providing an infrastructure that strives to be traceable and transparent for the exchange of Data-as-a-Service and AI services between organizations. Its Geolancer app, powered by QuadrantProtocol, enables users to collect, validate, and sell location data, helping businesses make informed decisions. The protocol also introduces a unique utility Non-Fungible Token (NFT) that incentivizes users to collect data from hard-to-reach areas, providing value to enterprise clients.

What is the history of QuadrantProtocol?

QuadrantProtocol was developed with the aim of solving the problems plaguing the data economy, such as the AI data gap, fake and unauthentic data, unsustainable data feeds, and unfair revenue distribution. The protocol has been designed to work with both centralized and decentralized services. The architecture consists of the core Quadrant blockchain, clients (Data Producer, Data Consumer, and Anchor), and Guardian Nodes. The protocol's Geolancer app has made strides in mapping the data universe and supply chain, with over 2 million Points of Interest created on the app.