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

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.

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

"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.

Hey all again!

Quant revealed a new product: Quant Atlas. (Open Banking)

https://www.quant.network/blog/quant-atlas-interoperable-banking-through-cross-border-open-banking/


Another exciting update! Managing Director of Rockefeller Capital joining Quant's Board of Directors! Helping them to expand into the US.

https://www.quant.network/blog/guy-dietrich-managing-director-of-rockefeller-capital-joins-quant-networks-board-of-directors/

Hey guys, some exciting things to share!

Yesterday the team joined the Hyperledger Foundation!
https://twitter.com/Hyperledger/status/1110874108248547329

Today, the Hyperledger team were in the Quant offices to discuss how Overledger could assist their Quilt work!
For those of you who don't know, Quilt is the Hyperledger "interoperability" project, however, it has been quiet for a while and didn't make much progress.
Interesting to see one of the largest Enterprise Blockchain ecosystems coming to Quant for assistance...
https://twitter.com/quant_network/status/1111239064022331392

In before Overledger becomes the standard Hyperledger Interop solution

Hey guys!

A community member has started to write a series of articles that help explain Overledger and how it fits in with DLT!

Part 1: https://medium.com/@CryptoSeq/quant-networks-overledger-part-one-blockchain-fundamentals-db7fdb43058a
Part 2: https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1?sk=93aa8840bb6b6d6c9bde6c0036d85535

It will be a 10 part series, so I will update it when I can! Thank you Seq!

Appreciate the responses! However, just to clarify. We are expecting two large new hires end of March.
- A new Head of Marketing and Communications, however she is from the UK Property company, Rightmove.
- The Award winning FinTech leader from HSBC will be filling a "leadership position in Quant".

It is interesting how few people know about the Quant! The holders number is incredibly low in comparison to other projects. I would say a large factor of this is the bear market. People have stopped actively researching or being overprotective. We are still mainly traded on IDEX as well, which may also limit awareness. I expect in the coming months as Quant moves back into the top 100, more people will catch on!

GoVerify was a tool being used prior to the implementation of Overledger. The team is now migrating GoVerify onto the Overledger infrastructure. With regards to clients/interest, I will share some quotes from Gilbert in the Telegram.

"We are in discussions with other Government departments exploring Overledger and GoVerify. One of them being HMRC, the UK's Tax Authority."

"Hi All, just to clarify, GoVerify will be migrated to Overledger as a MApp. One of the first clients will be Lloyds who we've presented to 2 weeks ago at their offices. We're waiting to hear back on the next steps and potential client opportunity."

"We're doing a big push to clients to help tackle the source of fraud: GoVerify protects people from impersonation and deception fraud by validating the correspondence received from a trusted organisation is genuine without have to disclose any personal information."

"The team have been working flat out on client work, we're progressing a very large client to potentially use GoVerify covering all of the UK."

"GoVerify has a lot of use cases we're finding from client discussions. It's application is to very the sender of any communication to the receiver. It definitely can be used for the cryptospace!"

There is a great comparison in the Quant Whitepaper. Compares each aspect of Interoperability/performance and covers all the current Crypto Interop. Projects. I recommend checking that out.

Cosmos is receiving a lot of hype and getting fired up after their massive launch. In reality, their Interop. solution isn't out of testing yet.

They have a similar inter-chain/zone hub solution, as do a lot of other Interoperability projects. These middleman Blockchains make integration and overhead complexity much more of an issue.

This article here, written by the Quant team helps to outline some of the fundamental differences: https://medium.com/@gverdian/how-overledger-differs-from-interoperability-blockchains-97fff3094ff8

A Telegram member (Seq) recently had a discussion about Cosmos in the Quant Telegram. I will quote his explanations. Insightful.

"Cosmos are a long way away from getting any interoperability, all thats been released as main net is the cosmos hub and staking, you can't connect any zones to it as their interoperability protocol IBC is still in research / prototype phase. One of the main differences between cosmos and polkadot is that cosmos wants every App to have their own blockchain, which stores the state of the app and the security is up to the App. So they have to get a load of people to deploy nodes for every single app made. Whereas Polkadot uses shared security from the hub validators and uses a small randomly selected validators of the token hub. The problem for Cosmos imo is that how secure all these chains going to be? Just look at the amount of useless coins there are now and your supposed to get 100's of people running nodes for the app. Ultimately its going to result in the hub being very secure and the zones that connect to the hub not being very secure and centralised and easy to take control with POS. Now many think that it won't matter because the hub is what connects them so doesn't matter about the security of the other chains, but thats not the case. The hub doesn't keep track of the state of each of the App blockchains. The hub only keeps track of transfers between blockchains. To prevent double spending (swapping them in one chain and then swapping the same tokens in another chain etc). The problem is though it means you have to trust the app blockchain to trade with it. As you don't know whether there has been some bug and someone has stolen a load of tokens, or the chain has been compromised before you exchange some of your tokens for theirs. So all its going to result in, is exactly the same as the Internet now, where you don't trust the majority of apps, but the large big vendors with lots of validators like BTC / ETH etc you do trust. And from an investment point of view. The ATOM token is only used for staking for nodes within the Cosmos hub only. There will be many hubs and they will each have their own token (to try and incentivise people to run nodes). The ATOM token is designed to be hyperinflationary so the price falls over time per token as they have a minimum inflation rate of 7% and a maximum of 20%. Meaning that they will keep releasing tokens. They don't want ATOM to be used for trading, they want it to be used for staking. The incentivisation isn't from the price of ATOM increasing but the fact that for each transaction that goes through the hub you receive a % of the transaction fee. The transaction fee can be paid in a variety of currencies - BTC, ETH, Dash and many many more. The other problem that Cosmos and Polkadot have is being able to connect to chains that aren't finite with their consensus, so for chains like BTC aren't compatible at all with Polkadot without btc forking - from the Polkadot FAQ on their website:

Can Polkadot connect any blockchain?
Polkadot can connect any previously existing blockchain if it matches two criteria:

It must have the ability to form compact and fast light-client proofs over the finality and validity of its blocks and state change information (this would include new UTXOs in a Bitcoin-like chain or logs in an Ethereum-like chain).
There must be a means by which a large set of independent authorities (perhaps up to one thousand) can authorise a transaction. This could include recognition of threshold signatures, such as the Schnorr scheme, or a smart contract able to structure logic against a multi-signature condition.
Bitcoin and Bitcoin-like chains fall short on these characteristics. To address the first criteria, Polkadot validators can simply run a full Bitcoin node. To address the second criteria, either a soft-fork allowing extra-protocol controls over funds or a hard-fork enabling a threshold-signature-friendly signing scheme such as Schnorr is needed. Neither are impossible goals, however a significant degree coordination would be required to achieve them.

Both Cosmos and Polkadot use Peg Zones for other chains like ETH which involves adding another blockchain where each of the validators of the pegzone also have to run a ETH node. It then involves signing the transaction and trying to make it compatible witht he other chain. Basically its really difficult to do, they have to have a separate Pegzone for every External chain (like any other blockchain you know of now) adding more overhead, transaction fees, restrictions in being able to connect to certain blockchains."

Ah perfect! My bad, missed the most important lol!

Yes, these videos are great. Thanks mate

There are a few great video sources, including interviews from YouTube that I will link.

Official Intro Video: https://www.youtube.com/watch?v=96PnIxkoU4I&

Crypto Zombie's Overview (Shortest/Sharpest): https://www.youtube.com/watch?v=vuZ2RlOYzVA

Blockchain Brad Interview - Part 1: https://www.youtube.com/watch?v=X5sNBxbFa1U

Blockchain Brad Interview - Part 2: https://www.youtube.com/watch?v=HKwStvLOuQE

Blockchain Brad Interview - Part 3: https://www.youtube.com/watch?v=mfHYp4qK4nE

Discussion Series: https://www.youtube.com/playlist?list=PLAeOENccqZxUna33gSVY1E7lG2Rk4av_-

The Overledger platform has two versions. An Enterprise version and a Public version.

Over the past few months, the team have previewed a few demo Mapps for us. They plan on producing their own Mapps for Enterprise solutions as part of their roadmap.

Multi-Chain Voting Mapp: https://www.youtube.com/watch?v=K6j9vDSt0EM

GoVerify (Fraud Prevention): https://www.goverify.com/

Qoogle (Multi-Chain Explorer): https://search.quant.network/

Amazon Demo Store Front: https://www.reddit.com/r/QuantNetwork/comments/9lmsoh/quant_created_a_decentralized_amazon_running/

Another good question. The core 'secret sauce' that runs Overledger is patented to protect their Business development and value creation. Here is a quote that summarises it from Gilbert (CEO)

"It covers how we're doing ordering and filtering to protect the inner core of Overledger. Patents are very important for IP protection. In our example, our patents stop competitors developing TrustTag and Overledger in the way we've done it. Our patents are the EU first but will be covering other regions. Our patent attorneys work very diligently on this."

Importantly, the team have open sourced the framework for developers to build Mapps and their own chain connectors. This means, that innovation is not stifled, it does however mean that Overledger's ground breaking tech remains competitive and keeps the value inside their ecosystem.

Excellent question. The great thing about Mapps, is it allows for Enterprise to greatly reduce Counter-party risk / single-vendor lock in risks. But more importantly, it actively allows the full potential of Blockchain to be utilised. By allowing Mapps to run on - technically an unlimited amount of Protocols at once - A Mapp can take advantage of the benefits of the all of the chains at one time. For example, a Mapp that requires fast throughput for data computation or payment systems, can push that section of their Mapp into Ripple or Red Belly protocols. While at the same time, their legal contracts/insurance section, can be run on Ethereum or Hyperledger. This means that at any one time, a Mapp can be utilising the BEST parts of every chain.

It also allows for Mapps to be protected against Chain congestion. The team have introduced a "least cost routing" option, that automatically processes data on the cheapest chain - transaction fee wise. This means, that if ETH gets congested for whatever reason, the Mapp won't be affected at all, as they can easily push the traffic onto the other Chains. It truly is an incredible.

Yes. Overledger has created an infrastructure layer that can connect Any protocol to Any protocol without introducing a middleman bridging chain. They also integrate Legacy systems easily, allowing Enterprise to migrate onto the platform.

Quant Network has been in the top #100 for a month, slipping out as of recently, with just 2485 token holders. I think the project's flown beneath the radar for many!
Here's the low-down:

Intro

The CEO Gilbert Verdian founded the ISO TC307 standard for blockchain in April 2016, where 52 countries now collaborate to implement a standard that will be adopted globally. Standards are a pivotal component to adoption, as they essentially represent a commitment made by numerous entities to use a particular technology or format.
A key aim of standardisation is to ensure interoperability between multiple DLT/Blockchain implementations and, in doing so, reduce the risk of a fragmented ecosystem. Gilbert Verdian is the chairman of the SG7 workgroup on "Interoperability of blockchain and distributed ledger technology systems". Work into the standard is ongoing and it is planned to be finalised no later than 2021.
Blockchain Standards Workshop, Australia:
https://i.redd.it/6igz8bjm9wk21.jpg

Quant Network aims to provide the technology for enterprise and startups to take advantage of DLT's, by making it possible to connect to blockchains using just 3 lines of code in less than 8 minutes. Unlike other interoperability solutions Overledger isn't a blockchain and doesn’t require fundamental system changes to use the technology. It is more apt to call it a blockchain protocol, comparable to the internet protocol TCP/IP. Overledger facilitates routing between blockchains by using a verification block, which not only helps ensure that consensus times are kept to a minimum, but also handles double spend and forking issues across different ledgers.


Overledger Architecture Model

Architecture Design (Sourced Whitepaper):
https://i.redd.it/qk0ehjgafwk21.png

The team launched Overledger last November, demonstrating 4 multi-chain apps running on Bitcoin, Ethereum, Ripple and Hyperledger:

• Part 1 video (13min)
• Part 2: mApp Demos video (37min)

The product is at full release for the Enterprise version of Overledger for permissioned blockchains. The current open source version will be connected to permissionless blockchains by the summer, currently it's test-net only.
Overledger can facilitate cross-chain atomic swaps, and Zero Knowledge Proofs are possible using the teams patentedTrustTag solution: Trusttag allows the tokenisation of assets to be used on the blockchain and to easily connect off chain data to onchain.
Interoperability is not just limited to transferring value between blockchains via atomic swaps but messages / data can be used by adding a hash of a message to the metadata of a transaction on any blockchain which facilitates the interoperability without having to add another blockchain by utilising the trust and security of the source blockchain.

All communication is encrypted on the client side. Overledger is not affected by forks or updates of underlying blockchains, as it abstracts the messaging layer from the transaction layer, sitting above it.
Their ICO finished April last year, followed by a token burn in September as the team only raised $10-11M of their $40M ask. The ICO Price was $1.51 and pre-sale 94c. The first draft of the Token utility paper was released in January. The Treasury function will be completed by the second half of the year, so we can probably expect an updated Token utility paper between now and then.
Crypto Chico gives a good 3min tech-dive intro and Blockchain Brad has done 3 great interviews. Crypto Zombie does a longer 13min tech-dive.


Team

In recent appointments, Gilbert Verdian was the Chief information security officer (CISO) at NSW Health (Australian Government), Deputy CTO at HM Treasury working with Cabinet Ministers and the Chancellor responsible for securely transforming Central Government Departments including the systems that are critical for the operating and running of the UK economy. Responsibilities covered Downing St, Cabinet Office, Bank of England, Financial Services Authority, and the Debt Management Office. He was also the CTO at UKFI, responsible for rapidly establishing the agency during the financial crisis to take ownership of £350B worth of toxic assets from the banks. As CISO for PayUK, previously NPSO - Nation Payments Scheme Operating, he was responsible for the security for all payments in the UK, £6T per year.

In the past, Gilbert worked for the Federal Reserve on their Secure Payments Task Force, founded the, Bank of England Cybersecurity committee, Australian Government, Ministry of Justice, BP, HSBC, and VocaLink (a Mastercard company).
Gilbert currently serves as the Chair of DLT for healthcare in the British Government.

Jean-Paul Dejong, Chief Architect has worked across Government in Defra, HMRC, Border Force, National Crime Agency, Ambulance Radio Programme and Europol. At UK Border Force he introduced the first interactive pre-departure checking system in Europe. He’s worked as solutions architect in the private sector at KPMG, Compaq and Citibank and PrimeLocation.

Colin Paterson has worked in working in cyber-security, for the last 16 years in large Fortune 100, FTSE 100 and Government organisations around the world: AI and penetration testing at Barclays Bank, Prudential, Nationwide, Guardian. He co-founded machine-learning, cyber-security and AI firm Trudera with Gilbert Verdian 11 years ago. He invented the TrustTag patent to solve the counterfeit problem in supply chains, it’s evolved to prevent fraud and is a key component of Overledger.

Co-founder and advisor Paolo Tasca is adviser on blockchain technologies for EU Parliament and UN, founder and advisor for UCL Centre for Blockchain Technologies and former lead economist for Deutsche Bank. Tasca recently stated that "Enabling cross-chain communications — including the recognition and transfer of transactions — is not dissimilar to opening borders to allow international trade. It will usher in a new era of digital economic growth and prosperity not unlike the industrial revolutions of the past."

The ISO/TC 307 standard is being adopted and promoted in the EU by:

• International Association for Trusted Blockchain Applications (INATBA)
• European Committee for Standardization (CEN)
• European Committee for Electrotechnical Standardization (CENELEC)
• Financial firms like SWIFT
• National multi-sector networks like Spanish blockchain consortium Alastria
• European wide IoT ecosystem and Horizon2020 project AIOTI

Token utility

The Overledger network decouples the transaction and messaging layers of the underlying blockchain, adding support for off-chain smart-contract execution and storage.
The token protects the service from denial-of-service attacks. QNT is required and locked up as a license to access the network on both public and enterprise (permissioned) chains, is payment for read and write operations and to access multi-chain apps (mApps). Dev’s can choose to pay for QNT ‘gas’ on behalf of the user, choosing to monetise their app through a different channel (advertising, fiat subscription etc) - allowing for seamless experiences without the need of Metamask or 3rd party extension. mApp users pay in fiat currency, and the Treasury function handles the purchasing of QNT.
Here's the first draft of the QNT Token Utility report: https://www.quant.network/QUANT_Token_Utility_V0.1.pdf

In the second half of the year the team plans to decentralise their network by allowing Enterprises and additional Cloud Service Providers, as well as the community the possibility to host an incentivised "gateway". It is still to be confirmed how gateway operators would be incentivised, the team is considering a dual utility tokenomics system.
At the time of writing, 16% of the QNT circulating supply has been registered by developers working on Overledger applications.


Upcoming news

• Team is currently working with over 70 clients, at different stages. They are meeting with global multinationals, central banks, government agencies and UK / US banks.
• Team is opening offices in USA and Australia.
• Hackathon at Adelaide Convention Centre cosponsored with IBM, CSIRO and DATA61.
• Digital Clinical Trials with a Government Health agency.
• Potential presentation at Consensys 2019.
• Expanding marketing outreach through new hires and unfolding strategies/publicities
• Another large cloud provider to be announced.
• Forthcoming Overledger website launch.
• Quant Network have been migrating their GoVerify product to a mApp, and are progressing a very large client to potentially use GoVerify covering all of the UK.

Upcoming features

• The forthcoming Treasury function will allow for 'gas' costs to be paid for in QNT, simplifying use and giving flexibility to mApp developers to come up with novel revenue structures.
• Quant Network is partnered with HAW Hamburg University to develop Treaty Contracts, multi-chain smart-contracts that operate off-chain inside Overledger in something like a JVM. They aim to have this ready this year. It will be possible for treaty-contracts to function on blockchains that don't natively support smart contract capabilities.
• BPI interfaces for IOTA and JP Morgan's Quorum (currently in QA)
• Blockchain integration with Corda, Alastria, Redbelly, possibly Hashgraph (integration priority driven by enterprise demand).
• New SDK's for Ruby and Python developers.
• Open-sourcing the connectors and the Overledger Standard so anyone can create their own connectors to blockchains not connected to yet.
• Deep Packet Inspection tools, Intrusion Protection System, Identity and Firewall solutions.
• Quant IPs to allow direct connectivity from the Internet (IP) to blockchain (QIP).

Team revenue

The business paper covers this on page 12-17, the team provides consulting, has and is producing enterprise and middleware products, and sector-specific technology with focus on Financial Services, Healthcare, Supply-chain and Government opportunities. They will license their IP to manufacturers and Internet providers/blockchain providers.


Partnerships

• Founding member of INATBA, the International Association of Trusted Blockchain Applications - a multidisciplinary collaboration of 26 EU countries as well as Norway, including UK, France, Germany, Sweden, the Netherlands, and Ireland. Quant Network will drive to facilitate the collaboration of INATBA with ISO TC307. (Current members as of yesterday.)Gilbert Verdian and Soren Gigler, INATBA inauguration:https://i.redd.it/0cs2g84tawk21.jpg

• Quant Network and Australian government cloud provider AUCloud have been working together for more than a year on a formal partnership: to apply the world’s first Blockchain Operating System to interact with their supply chain, critical infrastructure, national record keeping and financial services for Australian government, defense and critical national industry.
• Quant Network was accepted as a company guarantor of Pay UK, the UK’s largest payment network, alongside banks and other FinTech companies. Through this relationship, Quant Network will reshape the national payment ecosystem to promote competition, innovation and openness, as well as setting the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
• Accepted in Oracle's Startup program, they're presenting at two of their customer showcases in April.
• Quant Network and Crowdz have a partnership to connect their digital B2B network across multiple blockchains.
• Exclusive partnership with Jiangsu Huaxin Blockchain Research Insitute (JBI) the first Chinese state-owned research hub dedicated to exploring blockchain technology for the Chinese Ministry of Commerce. Real world challenges that will be explored include anti-money laundering as well as broader applications in the healthcare and supply chain sectors.
• Joined the Accord Project's international working group to establish standardisation of smart contracts using Overledger. Accord are working to establish a hybrid of legal and technological standards for the future of legal contracting.
• Partnership with AllianceBlock, an AI-powered decentralized investment and financing ecosystem, to provide an AML/KYC solution, multi-chain token swaps and cross-chain support.
• Quant Network’s involvement within the EU’s Blockchain Observatory since 2018 helps to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU, and so help cement Europe’s position as a global leader in this transformative new technology.

Additional info

Website - https://www.quant.network/
Developer Portal - https://developer.quant.network/
Business Paper - https://www.quant.network/wp-content/uploads/2018/09/Quant_Overledger_Business_Paper-Sep.pdf
Whitepaper - https://www.quant.network/wp-content/uploads/2018/09/Quant_Overledger_Whitepaper-Sep.pdf
Blog - https://www.quant.network/blog/
YouTube Channel - https://www.youtube.com/channel/UCsz53-6ZYJCI0TtE4M_kdkA
Twitter - https://twitter.com/quant_network
Medium - https://medium.com/@quant_network
Reddit - https://www.reddit.com/r/QuantNetwork/

There's a fortnightly AMA with the CEO in the community telegram that are always engaging, genuine, and tend to reveal a lot - next one is Monday 1pm UCT. Previous AMA's are available from the QNTunofficial community site.

The most liquid exchange is currently IDEX for ETH and Bittrex International for BTC trading.