Quant Network $QNT (Overledger) - Internet-scale Interoperability Protocol

[tempus]

"Announced today at BlockchainExpo. Our CTO, Colin Paterson has been elected the Chair of @Hyperledger Quilt to help create an interoperability stack. We’re integrating Overledger’s API and SDK into Quilt to support multi-chain interoperability use cases" - Tweet


Hyperledger is the biggest Enterprise DLT Ecosystem, with half of Forbes 50 Companies using Hyperledger!


So what is Quilt? Quilt is the "Interoperability Stack" within the Hyperledger Ecosystem. However, they were only able to achieve basic atomic swaps. The Quilt team met with the Quant team a few weeks ago.


Now, the CTO of Quant Network - Colin Paterson - has been elected as the Chair of Hyperledger Quilt. The team announced they will be integrating Overledger into the Quilt framework, essentially restructuring Quilt to utilise Overledger.


This will allow any of the current Hyperledger users and future clients to access the new Quilt stack (Overledger) and interconnect their platforms with other DLT; Corda, Quorum etc. This news is freaking huge! Imagine the traffic running through the Overledger system from this accomplishment, essentially cementing themselves as the Interoperability standard for Enterprise...


Oh and? Quant is sitting at 160 on CMC. :') These guys are making real moves - Enterprise "adoption" is here.

That's much bigger than most realize. I believe even in the community it's not totally clear what it means.

[Luke.xd]

"Announced today at BlockchainExpo. Our CTO, Colin Paterson has been elected the Chair of @Hyperledger Quilt to help create an interoperability stack. We’re integrating Overledger’s API and SDK into Quilt to support multi-chain interoperability use cases" - Tweet


Hyperledger is the biggest Enterprise DLT Ecosystem, with half of Forbes 50 Companies using Hyperledger!


So what is Quilt? Quilt is the "Interoperability Stack" within the Hyperledger Ecosystem. However, they were only able to achieve basic atomic swaps. The Quilt team met with the Quant team a few weeks ago.


Now, the CTO of Quant Network - Colin Paterson - has been elected as the Chair of Hyperledger Quilt. The team announced they will be integrating Overledger into the Quilt framework, essentially restructuring Quilt to utilise Overledger.


This will allow any of the current Hyperledger users and future clients to access the new Quilt stack (Overledger) and interconnect their platforms with other DLT; Corda, Quorum etc. This news is freaking huge! Imagine the traffic running through the Overledger system from this accomplishment, essentially cementing themselves as the Interoperability standard for Enterprise...


Oh and? Quant is sitting at 160 on CMC. :') These guys are making real moves - Enterprise "adoption" is here.

That's much bigger than most realize. I believe even in the community it's not totally clear what it means.

Couldn't agree more mate. People are sleeping on this news. Hyperledger ELECTED the Quant CTO to oversee Quilt, and then decided to let them integrate OVERLEDGER to just entirely replace it.

.... It seems the biggest Enterprise DLT ecosystem has already chosen the standard for interoperability?? .. Hmm

[crypt0Bear]

One of the most if not, the most legit project out in the crypto space at the moment.

[tempus]

"Announced today at BlockchainExpo. Our CTO, Colin Paterson has been elected the Chair of @Hyperledger Quilt to help create an interoperability stack. We’re integrating Overledger’s API and SDK into Quilt to support multi-chain interoperability use cases" - Tweet


Hyperledger is the biggest Enterprise DLT Ecosystem, with half of Forbes 50 Companies using Hyperledger!


So what is Quilt? Quilt is the "Interoperability Stack" within the Hyperledger Ecosystem. However, they were only able to achieve basic atomic swaps. The Quilt team met with the Quant team a few weeks ago.


Now, the CTO of Quant Network - Colin Paterson - has been elected as the Chair of Hyperledger Quilt. The team announced they will be integrating Overledger into the Quilt framework, essentially restructuring Quilt to utilise Overledger.


This will allow any of the current Hyperledger users and future clients to access the new Quilt stack (Overledger) and interconnect their platforms with other DLT; Corda, Quorum etc. This news is freaking huge! Imagine the traffic running through the Overledger system from this accomplishment, essentially cementing themselves as the Interoperability standard for Enterprise...


Oh and? Quant is sitting at 160 on CMC. :') These guys are making real moves - Enterprise "adoption" is here.

That's much bigger than most realize. I believe even in the community it's not totally clear what it means.

Couldn't agree more mate. People are sleeping on this news. Hyperledger ELECTED the Quant CTO to oversee Quilt, and then decided to let them integrate OVERLEDGER to just entirely replace it.

.... It seems the biggest Enterprise DLT ecosystem has already chosen the standard for interoperability?? .. Hmm

Gilbert Verdien just said this about Quant and Hyperledgers Quilt during an AMA on Telegram:

"Overledger is going to enable universal interoperability for Quilt. The past approach to interoperability was quite limited to ILP between RIpple and BTC and was a very specific use case. We're integrating Overledger's API and SDK to be the front gateways for Quilt to allow for Enterprise and Developers to be able to use different blockchains, protocols, taxonomies with ease to bring mass adoption and universal interoperability. This allows Overledger to widely support all the different use cases demanded by clients, enterprise and developers and bring mass usage of Overledger and Quilt to a broader market."

[Fumzy]

Seriously this project has been doing well for sometime now, I wonder why it's not among the top 50 cryptocurrencies in the coinmarketcap

[Fumzy]

One of the most if not, the most legit project out in the crypto space at the moment.

Very legit and it's quite unfortunate that it's not properly recognized. I've gained so much from it

[tempus]

Not that much is known yet about Quants plans for "Interoperable Digital Assets", but my prediction is, it will be big:




In the last AMA (May 20) Gilbert Verdian said this about it:

"The 3rd phase of QNT is something we've been working on. It's to be used for the movement of Digital Assets across chains. QNT is a Universal Utility Token, providing access to the Overledger ecosystem and also to be used to pay for transactions and usage across chains. (....) We have clients we're working with in financial services that are moving digital assets internally within a permissioned network and want to be able to interoperate with other parties to recognise their digital asset on different internal permissioned chains."

And:

Q: We noticed on your site, that under the partners section, Nvidia inception program is listed. Can you elaborate
on what this entails, and how you are using this partnership to develop the ecosystem?

A: This is from our Trudera subsidiary, NVIDIA have updated to partnership to be Quant now instead. We're
exploring the convergence of AI and Blockchain and having a Universal Utility Token to provide access to data digital
assets across chains.

https://qntunofficial.com/amas/

[Luke.xd]

Very excited about this as well mate.

Will provide even further utility/demand for the token. Also we know Gilbert and the team have had discussions with Central Banks around digitising assets.



Quite keen for Money 20/20 - expecting an announcement on their Digital Asset plans.

These guys seem to be pulling out a new ace every week. So epic.

[tempus]

Very excited about this as well mate.

Will provide even further utility/demand for the token. Also we know Gilbert and the team have had discussions with Central Banks around digitising assets.



Quite keen for Money 20/20 - expecting an announcement on their Digital Asset plans.

These guys seem to be pulling out a new ace every week. So epic.

This really seems to be something bigger:


SIA PARTNERS WITH QUANT NETWORK TO EXPLORE INNOVATIVE SOLUTIONS IN BLOCKCHAIN INTEROPERABILITY FOR BANKS AND FINANCIAL INSTITUTIONS
https://www.quant.network/blog/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial-institutions/


A few quotes:


"SIA, the leading European hi-tech company in the payment services and infrastructures sector, and Quant Network, a UK-based pioneering technology company, have signed a partnership agreement to explore blockchain interoperability and the creation of agnostic cross-platform applications and services for banks and financial institutions."

(...)

"SIAchain is a private infrastructure leveraging on 570 European network nodes within SIAnet – the fiber optic network with high-speed and low-latency stretching over 186,000 kilometres – that supports financial institutions, corporates and public administration bodies in developing and implementing, in a secure, protected way, innovative applications based on blockchain technology."

(...)

SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of payments, cards, network services and capital markets. SIA Group provides its services in 50 countries, (....)


In 2018, SIA managed 14 billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network.
The Group, which currently has over 3,400 employees, closed 2018 with revenues of €614.8 million.


Edit: Quoting Gilbert Verdian (Telegram):

"This is a game changer we've been working on. We're bringing blockchain interoperabiltiy to the 570 banks that SIA work with.
This is what Ripple with XRP, Stellar with XLM and partnering with IBM have been trying to do"

[Luke.xd]

Whew, you are quick mate! Beat me to the punch every time haha.

But yes, a huge partnership. Essentially an entire Euro Banking Network.

Pretty excited for the future of Quant

[tempus]

More exciting stuff from the AMA today:


About the QNT-Token becoming a Universal Utility Token:




About the QNT-Token regarding SIA




How big the SIA-partnership really is:





Complete AMA: https://drive.google.com/file/d/1WaJQGRKjNSFFklYj4fly-cByFDnTYn0p/view

[tempus]

https://www.cioapplications.com/magazines/June2019/Blockchain/

[tempus]

Great article about the SIA-partnership:


Quant Network partner with SIA, A Game Changer For Mass Blockchain Adoption by Financial Institutions
 https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069?postPublishedType=initial


Just a few quotes:


In 2018, SIA managed 14 billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network.

SIA supported the launch of the new Samsung Pay payment system, and also Alipay and WeChat Pay payment service were activated. Furthermore, the offering of terminals has been enriched with the Android-based smartPOS line, making value-added services available to consumers and merchants.

In 2018, SIA confirmed its role as key technology partner to the London Stock Exchange Group and at the end of 2018, 44 trading venues operating in Europe and the United States were connected to SIA’s “Financial Ring” which enables financial intermediaries to access, via a single high-speed, low-latency network infrastructure, the main international stock markets using date centers in Milan, Rome, London, Frankfurt, and New York.

(...)

SIAnet is the leading Financial Network in Europe with more than 100 Tier 1 banks connected, 30 Stock Exchanges / Trading Venues, covering the entire trading process from pre-trading to post-trading.

(...)


This is a game changer for Quant, SIA are integrating Overledger into the leading financial private network in Europe enabling blockchain interoperability to all of its 570 Banks, Central Banks, Stock Exchanges, Trading venues etc immediately. Not having to spend years rolling our infrastructure / software, they can all benefit today.

This number will only increase with the recent news that SIA, in partnership with Colt Technology Services, has won a 10 year tender commissioned by the European Central Bank for the provisioning of connectivity services allowing European central and commercial banks, central depositories, automated clearing houses and other payment service providers to connect directly to Eurosystem market infrastructures through a single access interface (Eurosystem Single Market Infrastructure Gateway — ESMIG).

[tempus]

Brandnew Interview:


Quant Network | Blockchain Interoperability | Next Gen. OS | Overledger | BlockchainBrad
https://youtu.be/G1b9TX6rcuI

Who wants to read a summary:

https://twitter.com/CryptoDonald_/status/1147143950999937024



Some key points (quotes from the Tweet-thread):

•Gilbert confirmed they’re working with all of SIA’s 570 banks today. “It is unique, it’s what Ripple and Stellar have been trying to do”

•Quant is working with a lot of clients the size of SIA – and it’s not just banks: government, research, supply chain, asset management, traditional exchanges

•“SIA is the start of what we’re doing”.

•Quant is working with “a huge research conglomerate” which will use Overledger internally all over the world

•“This is a global foundational change to the financial system. We’re rearchitecting how finance works in the future”

•Quant is working closely with regulators and central banks. “This afternoon I’m meeting another central bank. That’s just the way it is”.

•“We’re looking at Asia. We’re working with partners to go there. Just yesterday we had a meeting with a $8 billion-dollar company based in the Asia region. They want to use Overledger for their clients and will help us expand to that region”

•Quant Network is looking to integrate @binance chain into Overledger, enabling enterprises to utilize the blockchain for the first time. They’re currently talking to Binance, and it will provide reciprocal benefits for both parties.

•“Oracle is one of our partners. They love what we’re doing. They said all of their customers want interoperability, and we’re working together on this. There’s more coming in this space. It’s not just Oracle, there are other partners that I will mention once they’re out."

•“We’re under NDA with a few exchanges, but what we’re addressing is exchanges that is good enough for the volumes, clients and scale we bring.” Gilbert then said that more listings are definitely coming this year.

•Quant is also looking at traditional exchanges that is open for digital assets (like NASDAQ). “It is mainstream exchanges that existed pre-blockchain”.



Actually... it's hard to pick the best ones because they deliver more in a year than others in 5 years. Not kidding.

[naaktslak5]

moon

[tempus]

AX Trading Partners with Quant Network

The partnership aims to enable Interoperable and Regulatory-Compliant Digital Assets and Security Tokens in Capital Markets and Exchange Infrastructure by integrating Quant’s interoperability technology Overledger into AX Trading Network.

(...)

Through this partnership, Quant Network’s technology, Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of interoperable regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets.

(...)

About AX Trading LLC

Member of FINRA and SIPC

The AX Trading Network is the market’s first “Electronic Trading Network” (ETN), allowing institutional traders to proactively connect and trade with other counterparties in a secure environment. In today’s trading world, where more and more liquidity is being withheld from the market, AX provides a way for institutional traders to proactively reach out to targeted counterparties in a way that protects their trading intentions and their identity. AX Trading, LLC is an SEC-registered broker-dealer and Alternative Trading System (ATS). AX can be reached at 917-262-0388 and at www.AXtrading.com.


https://www.quant.network/blog/ax-trading-partners-with-quant-network/

[tempus]

Gilbert Verdian just gave something like an inofficial AMA on Telegram.

Some (not all) Quotes:


GV: Sibos is an amazing opportunity for us. We're co-marketing with our partner, Oracle. We have a Quant stand in the Oracle exhibit and will be meeting fiancial institutions and clients to showcase our technology. Sibos is a very exclusive financial services only event that only institutions that are connected to Swift can attend.


GV: We're now an Oracle FinTech partner where we are going to market together to Oracle clients to showcase our technology jointly.


Q: Are you being integrated into Oracle's solution/network similar to SIA integration in a way? Do you both share revenue? Sounds like an exciting opportunity!
GV: Yes Oracle are taking our technology to their clients

Q: thats a lot of potential clients, something like 430,000 i recall
GV: that's the one


GV: we're now working with the Government of Armenia in Health. Working on the Ministry of Health's eHealth program. Futurproofing eHealth strategy with blockchain


Q: Any update on the enterprise that found quant through Gartner?
GV: $8.9B company we met are HCL who want to take our technology to clients, including live bank engagements.


GV: Busy time ahead for us: Sibos with Oracle, Working with the Ministry of Health Armenia, Interoperable capital markets with AX Trading.


GV: -Oracle partnership Forged deeper as Fintech partner
-Government of Armenia future-proofing eHealth
-HCL discovered Quant from Gartner report and is exploring Overledger and taking it to clients globally


Q: Lots of projects on coinmarketcap like to throw oracle around , I suspected from the start and am glad to hear that there’s more to it
GV: I don't know of any others that the Oracle team are going to market with. Oracle are taking our technology to their clients directly, supported by us. This was the start: https://twitter.com/quant_network/status/1125874048834125824?s=20

Q: Oracle at the moment is using Chainlink to provide External data to smart contracts, perhaps they will be plugging into Quant soon.
GV: It's a possiblity, we always envisaged bringing interoperability to smart contracts. Having a front end data loader like chainlink and tying that to Treaty Contracts enables cross-platform smart contracts. That's why we joined Accord project and met with Data61 about Lorekeet, their smart contract business process mapper: http://ceur-ws.org/Vol-2196/BPM_2018_paper_12.pdf


GV: By integrating tools like Accord (Clause), Lorekeet, Chainlink we're simplifying the implementation and adoption of cross-platform smart contracts and treaty contracts, powered by Overledger.

Q: How is the binance chain integration progressing?
GV: Yes progressing nicely


Q: With the recent partnership with AX Trading, they partnered with Securrency a protocol to allow security tokens to stay in compliance across chains, is this being integrated / runs on top of overledger as well?
GV: Yes absolutely. Regulatory compliant digital assets and securities, backed by a SEC and FINRA registerd Broker Dealer (AX Trading) to move digital assets and security tokens between parties and networks using Overledger.


Q: Hi Gilbert in the recent BCB interview you mentioned we have a few tier 1 exchanges under NDA, is there any more developments on this?
GV: Yes its a priority, we want to work with the right exchanges to fit our strategy and client requirements

Q: SIX Digital are taking digital assets to the masses, exciting times coming.
GV: Yep we know SIX and have met them


Q: So would the government of Armenia be required to purchase Quant tokens from the treasury?
GV: That's the model in our utility token paper


GV: This is where we are with exchanges:
- Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-QNT
- IDEX: https://idex.market/eth/qnt
- Bithumb (USDT): https://www.bithumb.pro/spot/trade;symbol=QNT_USDT
- Bithumb (BTC): https://www.bithumb.pro/en-us/spot/trade;symbol=QNT_BTC
- Upbit: https://upbit.com/exchange?code=CRIX.UPBIT.BTC-QNT
- Switcheo: https://switcheo.exchange/markets/QNT_ETH
- Digifinex: https://www.digifinex.com/trade/USDT/QNT
- Coss: https://coss.io/c/trade?s=QNT_USDT
- IDAX: https://www.idax.mn/#/exchange?pairname=QNT_ETH
- CoinExchange: https://www.coinexchange.io/market/QNT/ETH
- LATOKEN: https://latoken.com/exchange/ETH-QNT
- Bitcoinmeester - https://www.bitcoinmeester.nl/quant
- Bitcratic - https://www.bitcratic.com/#!/trade/QNT-ETH
- Bitladen - https://www.bitladon.com/quant
- Eterbase - http://eterbase.exchange
- Next Exchange - https://next.exchange/orderbook/QNT/BTC

[naaktslak5]

Gilbert Verdian just gave something like an inofficial AMA on Telegram.

Some (not all) Quotes:


GV: Sibos is an amazing opportunity for us. We're co-marketing with our partner, Oracle. We have a Quant stand in the Oracle exhibit and will be meeting fiancial institutions and clients to showcase our technology. Sibos is a very exclusive financial services only event that only institutions that are connected to Swift can attend.


GV: We're now an Oracle FinTech partner where we are going to market together to Oracle clients to showcase our technology jointly.


Q: Are you being integrated into Oracle's solution/network similar to SIA integration in a way? Do you both share revenue? Sounds like an exciting opportunity!
GV: Yes Oracle are taking our technology to their clients

Q: thats a lot of potential clients, something like 430,000 i recall
GV: that's the one


GV: we're now working with the Government of Armenia in Health. Working on the Ministry of Health's eHealth program. Futurproofing eHealth strategy with blockchain


Q: Any update on the enterprise that found quant through Gartner?
GV: $8.9B company we met are HCL who want to take our technology to clients, including live bank engagements.


GV: Busy time ahead for us: Sibos with Oracle, Working with the Ministry of Health Armenia, Interoperable capital markets with AX Trading.


GV: -Oracle partnership Forged deeper as Fintech partner
-Government of Armenia future-proofing eHealth
-HCL discovered Quant from Gartner report and is exploring Overledger and taking it to clients globally


Q: Lots of projects on coinmarketcap like to throw oracle around , I suspected from the start and am glad to hear that there’s more to it
GV: I don't know of any others that the Oracle team are going to market with. Oracle are taking our technology to their clients directly, supported by us. This was the start: https://twitter.com/quant_network/status/1125874048834125824?s=20

Q: Oracle at the moment is using Chainlink to provide External data to smart contracts, perhaps they will be plugging into Quant soon.
GV: It's a possiblity, we always envisaged bringing interoperability to smart contracts. Having a front end data loader like chainlink and tying that to Treaty Contracts enables cross-platform smart contracts. That's why we joined Accord project and met with Data61 about Lorekeet, their smart contract business process mapper: http://ceur-ws.org/Vol-2196/BPM_2018_paper_12.pdf


GV: By integrating tools like Accord (Clause), Lorekeet, Chainlink we're simplifying the implementation and adoption of cross-platform smart contracts and treaty contracts, powered by Overledger.

Q: How is the binance chain integration progressing?
GV: Yes progressing nicely


Q: With the recent partnership with AX Trading, they partnered with Securrency a protocol to allow security tokens to stay in compliance across chains, is this being integrated / runs on top of overledger as well?
GV: Yes absolutely. Regulatory compliant digital assets and securities, backed by a SEC and FINRA registerd Broker Dealer (AX Trading) to move digital assets and security tokens between parties and networks using Overledger.


Q: Hi Gilbert in the recent BCB interview you mentioned we have a few tier 1 exchanges under NDA, is there any more developments on this?
GV: Yes its a priority, we want to work with the right exchanges to fit our strategy and client requirements

Q: SIX Digital are taking digital assets to the masses, exciting times coming.
GV: Yep we know SIX and have met them


Q: So would the government of Armenia be required to purchase Quant tokens from the treasury?
GV: That's the model in our utility token paper


GV: This is where we are with exchanges:
- Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-QNT
- IDEX: https://idex.market/eth/qnt
- Bithumb (USDT): https://www.bithumb.pro/spot/trade;symbol=QNT_USDT
- Bithumb (BTC): https://www.bithumb.pro/en-us/spot/trade;symbol=QNT_BTC
- Upbit: https://upbit.com/exchange?code=CRIX.UPBIT.BTC-QNT
- Switcheo: https://switcheo.exchange/markets/QNT_ETH
- Digifinex: https://www.digifinex.com/trade/USDT/QNT
- Coss: https://coss.io/c/trade?s=QNT_USDT
- IDAX: https://www.idax.mn/#/exchange?pairname=QNT_ETH
- CoinExchange: https://www.coinexchange.io/market/QNT/ETH
- LATOKEN: https://latoken.com/exchange/ETH-QNT
- Bitcoinmeester - https://www.bitcoinmeester.nl/quant
- Bitcratic - https://www.bitcratic.com/#!/trade/QNT-ETH
- Bitladen - https://www.bitladon.com/quant
- Eterbase - http://eterbase.exchange
- Next Exchange - https://next.exchange/orderbook/QNT/BTC

great news! one of the best projects!

[pangu]

QNT to the moon? Now top 71 @ Coinmarketcap:
https://coinmarketcap.com/currencies/quant/

[Kriptobt1]

On June 1, Quant Network was added to the Kyber network, through KyberSwap and various DApps platforms, the price reserve of QNT tokens will be provided
https://blog.kyber.network/quant-network-qnt-is-now-available-on-kyber-network-8db62c361872