Buy Quadrant Protocol (EQUAD)
What is Quadrant Protocol?
Quadrant Protocol is a blockchain-based protocol designed to enable the access, creation, and distribution of data products and services, with authenticity and provenance as fundamental aspects. It operates on the Ethereum blockchain and uses a native token called eQUAD for facilitating transactions and incentives within its ecosystem.
How does Quadrant Protocol work?
Quadrant Protocol functions by stamping data at its source with a unique signature, which allows tracing and verifying any data point back to its origin. This ensures the authenticity of the data. Although the specific consensus mechanism isn't detailed, it commonly utilises blockchain technology similar to Proof of Authority (PoA) practices for validation. Smart contracts on the platform handle data transactions and maintain transparency and security.
What are the potential use cases for Quadrant Protocol?
Quadrant Protocol has several potential use cases across various industries, including:
- Location Data Collection: Through the Geolancer app, users can collect, validate, and sell location data, which supports businesses in making informed decisions.
- Mapping and Ride-Hailing: Used by major industry players for accurate mapping and data services.
- Data-as-a-Service (DaaS) and AI Services: Facilitates the secure exchange of data and AI services between organisations.
- Utility NFTs: Designed to incentivise data collection from remote areas, benefiting enterprises and mapping companies.
What is the history of Quadrant Protocol?
Quadrant Protocol was founded by Mike Davie in Q3 2017. The project began with solution architecture development, followed by drafting the whitepaper in Q4 2017. A token generation event occurred in Q1 2018, progressing towards the mainnet release and other technical advancements in subsequent years. Noteworthy milestones include launching the Geolancer app and forming partnerships with companies across various sectors, enhancing its presence in the market.
