The whole world is in motion and this Brownian motion generates data. Random or not, this data exists. You may ask if it makes any sense or if it is useful. Maybe not, but it’s there. We all know that knowledge is power, so we can’t let such a humongous amount of data unexplored, unexplained and unexploited. This is why the humankind needs to be able to organize and understand big data. Otherwise, we will lose the progress train, as we will not be able to understand the information that the research in so many various fields generates.
This is where the projects that come with a solution to handle, organize and understand big data are not only useful, but may prove themselves to be vital. Given the current development pace of the blockchain technology, there is no wonder that some big data projects have emerged in the crypto-sphere as well. It’s actually better to have some alternatives built on the blockchain. I won’t start to quote the advantages of doing it this way, because I don’t want this article to have hundreds of pages.
I just wanted to let all of you know that I found a promising project that aims to solve this big data problem not only in a viable way, but also by making sure that all the parties involved can benefit from joining the proposed ecosystem. Meet Quadrant Protocol, the future of big data!
DISCLAIMER: This is NOT financial advice!
To put it simple, Quadrant Protocol aims to be “a blueprint for mapping decentralized data”, as the team itself describes it. As a blockchain-based protocol, it will enable “the access, creation and distribution of data products and services with authenticity and provenance at its core”. I’ll have an in depth look at the way it actually works later in this article. Actually, I’ll keep it for the end of this review. For now, let me firstly explain what factors convinced me that this project will succeed.
You're gonna need a bigger boat
As you may already know, I use some specific criteria while reviewing the potentially promising projects of the crypto-sphere. The first thing that I check at a project (and I suggest everyone else does the same) is the team behind it. This will usually make it or break it. The team behind Quadrant Protocol is not only experienced, but has the required expertise in the field of big data.
The team doesn’t consist of too many members yet, but what is important for me is that they have the skills that prove they know what they’re talking about. The project focuses on big data, and they eat this for breakfast. There’s nothing else to add here, it’s the best scenario I could have asked for from a potentially successful ICO.
I always stressed the importance of a highly skilled advisory board and I’ll make no exception for Quadrant Protocol. Even if my expectations are high, I’m very happy with the advisors they chose. Names like BitGo and Bluzelle shouldn’t need any introductions anymore.
There’s something special about this project, as it has even at this early stage an important advantage: the team managed not only to gain some early supporters, but to also secure a series of partnerships, and that’s not something that you’ll easily find in the crypto-sphere.
If this wasn’t enough to convince you that Quadrant Protocol team has big plans ahead, just take a look at the roadmap and decide for yourself if they try to procrastinate or not. If you ask me, given the magnitude of the project and the problem it could potentially solve, this looks like an ambitious roadmap and proves that the team really plans to deliver a functional product, with a precise use case.
All of the above would be pretty irrelevant without a sparkling idea, that should (or at least try to) solve a stringent problem. Let me now explain why I think this project could be so successful...
Big data is a serious challenge for our future. We have to figure out a way to cope with the wild amount of data we create. The solution will be of little use, if it’s not going to be scalable. I see no better opportunity to make it the right way, other than use the blockchain technology for it.
The Quadrant Protocol solution envisions a solution for the following issues: non-transparency, lack of access to huge existent data volumes, unauthentic data, unfair compensation and lack of incentives.
How does it precisely plan to solve all these problems?
To put it simple, Quadrant Protocol will serve as the blueprint for an organized system of decentralized data utilization. The data will be split into several categories:
- raw data (code name: Stars)
- metadata (DNA)
- data products (Constellations)
The system entities can play the following roles:
- Nurseries: their role is to produce Stars and to stamp the hash and DNA onto Quadrant
- Pioneers: they are creating the Constellations, by mapping the disparate collection of Stars
- Elons: for creating the tools needed for solving real-world problems, Elons can link Constellations together, in order for them to form mega Constellations
- Data Consumers: entities (companies interested in AI and Machine Learning, for example) that purchase Constellations and use them for powering their own projects.
By stamping data to prove its authenticity, Quadrant Protocol will provide a traceable and transparent data record and this should be an incentive for the companies that could be interested in purchasing such data. The Pioneers are incentivized to create Data Smart Contracts and new data products and services on top of Quadrant and this will lead to a win-win situation. As more and more data will be processed, purchased and used, the ecosystem will expand and all the involved entities will enrich it, enhancing its capabilities and use-cases.
I strongly advise all of you to check the Whitepaper , in order to better understand the consensus algorithm of Quadrant Protocol (Proof of Authority) and the initial features and services that it will offer, including:
- Data Stamping Protocol
- Stamp Verification
- Open Constellations
- Network Nodes and Clients
- Data Enhancement by Elons
- Public Chain Anchors
Just make sure to do your own research before anything else!
If you still have any unanswered questions after checking the ANN Thread, you’ll probably get the answers you are looking for from the Quadrant Protocol community on Telegram. If you’re good at it, you can also start spreading the word about this amazing project, by joining the Bounty campaign.
As you might have noticed, I didn’t say anything about the token metrics or the token sale, as I presume that we are (or should be) interested in the technology and we are not here for quick and easy gains. The stake is higher than that. Actually, our very own future is at stake. We need to be able to anticipate the issues we will face and we better pre-emptively come with solutions for it. This is why Quadrant Protocol may play a vital role in the big data market, as time goes by.
If everything goes according to their plan and vision, this team will prove that using the blockchain technology could be a game changer for big data. Otherwise, “we’ll need a bigger boat” (you all know Jaws, right?;) ), for us to be able to cope with the exponentially increasing amount of data. But what happens when we reach out of wood? Let’s be environmental friendly and use Quadrant Protocol instead, shall we? :)