PowerLoom Protocol is a decentralized data protocol primarily aimed at serving the ever growing informational needs of users of smart contract based applications like decentralized finance, games etc. It incentivizes participating peers to reach consensus around observations of state transitions and event emissions across multiple smart contracts. By utilizing data compositions upon smaller units of data upon which consensus has been reached, it ultimately serves as a peer validated, accurate source of information on which rich data applications like dashboards, bots, aggregators, insights trackers can be built.