https://ift.tt/2xygbQ5 following is an brief review of Q1 based on the comments of CEO Gilbert Verdian:On Exchanges:The company laid out it’s strategy for Tier 1 exchange listings in Quants own subreddit.Quant Network Q1 2020 ReviewThis was followed up with the following comments:““Exposure and Exchanges — we’re on it with appropriate ones that fit client and community needs.”“Let’s just say, with the upcoming clients, announcements and partnerships that we have in the pipeline, we’re not going to have any trouble being on these exchanges in line with the strategy we set out”“Yes! Lots of progress.(On Tier 1 exchange listings)”“Wish I had a specific date but there’s progress with the meetings we’ve been having (With Tier 1 exchanges)”On SIA:“More SIA news coming since our partnership and collaboration.”“Public comments were made by the clients of SIA, the ABI at CordaCon in September. They have big plans for SIA which we’re excited to be part of. SIA is HUGE partner and leader in Financial Infrastructure and they’ve picked our technology to solve interoperability of blockchains across financial institutions.”“We have to all wait and see what the Italian Banking Association does and says.”New UK office:Quant also as of April has a new larger, UK office:“We’re also moving to a bigger office in April which is double the size of the current one, catering for over 40 people — so trying to balance all of this!”“We’re doubling our team size hence getting the new office space”On the US expansion:“We have our Los Angeles office already with our America’s COO visiting us at QuantX. Next is NY”On China:“Our Board have met with the highest levels of the Government in China regarding their blockchain initiatives. We have a meeting here in London in 2 weeks time with some contacts. We’re exploring taking our technology to China as it’s the right time”On Central Banks and Capital Markets:“We’re actually in discussions with 5 central banks currently”“Sure! Things are progressing very well. We had a meeting with a european central bank just before Christmas and they’re signing up to use Overledger through the developer portal to test it out. We have another central bank meeting next week and two abroad by end of Jan. There’s 5 that we’ve been meeting with.”“Interchange is at the centre of the discussions we’ve had with traditional exchanges in capital markets and central banks.”“Interchange is shaping the conversations we’re having within Capital Market and Central Bank clients. It’s been a missing piece for digital assets in financial services.”“We met the Fed for a reason earlier this year based on the work we’re doing in CBDC with central banks”“AX work has been very good for us. It focused our tech to be ready for capital markets especially with creating Interchange that solved Delivery vs Payment. The work from AX has lead us to 2 new Capital Markets clients who are household names that we’re currently testing Overledger and they’ve signed up and using our cloud version for testing right now”On the work with Oracle:“HCL we are in discussions with, but also focusing our efforts with Oracle, some big opportunities coming up for the FS sector with Oracle.”““We’ve had meetings with Oracle regarding the Swedish Central Bank. That’s not part of the 5 we are already talking to.”On upcoming announcements:“The Central Bank will announce what we’re doing with them”“We’ve got 2 new Government clients one has the potential to have 50m users and the other about 8million users of Overledger. These have taken a long time to progress and land and we’re excited about what’s coming.”Everything seems prepared for a major announcement to coincide with media coverage:“Cointelegraph, they’ve reached out to us to publish new articles which we’ll do with upcoming news”On when the next blockchainbrad interview will take place: “Planning on it with one of our upcoming news”Also coming in Q2 is the dashboard which will display network activity:“Our Developer Portal is completely being revamped which is linked to the Treasury and on track”“All Overledge Network gateway activity and usage will be visible on OVN through dashboards.”“All Overledger network traffic going through the gateways will be visible on the dashboard — developer, enterprise, and Networks that connect”“Yes, we haven’t done enough community awareness and engagement in the blockchain/crypto space. We’re solving that and in the process of hiring a Director of Ecosystem and Community who will be front and centre and getting us the awareness and recognition we should be getting”On competition:“Clients identify the right technology for their use case. It’s not going to be a single technology every single time and the market is huge to allow for different types of technologies to cater for specific use cases. This it how it is in enterprise software.”“In the enterprise blockchain space what we are doing is very unique and according to Gartner, no one is close to what we deliver.”“Enterprise and institutional clients read and value the analyst assessments from Gartner”On Overledger Network and Gateways:“Further more — what we set out to do with Overledger Network is on track and looking to be bigger than what we originally planned whiich is very exciting for me personally. The Network of Networks is coming together very nicely”“This has been part of the work we’ve done on Overledger Network. It’s grown to be bigger than what we planned with the ability to have community gateways and enterprise gateways. This is linked to the new Developer Portal we’re currently working on and tied to the new Treasury. All of this is on track for Q2 and we’ve made great progress on this. We have now added new payment channels for QNT transactions inside Overledger Network and using QNT to run new OVN MApps from gateways. This allows gateway operators to earn and charge QNT for network services consumed by network.”“Part of Overledger network we’re at the beginning discussions of a global IT Vendor to host a Financial Services network for all of their clients to use an Overledger Network Gateway — something bigger than JPMorgan’s INN”“We’re taking the concepts of Proof of Stake to pay for license fees, allowing gw operators to stake more to process and route transactions to then earn more. Together with allowing gw operators to run OVN MApps to charge QNT for network services and transactions. We’re applying the concepts of game theory to incentivise participation and dis-incentivise bad actors”“We want to enforce mainnet charges as we switch the nodes to mainnet and Overledger Network comes online in Q2.”On the Gateway software itself:“It’s going to be a lightweight single binary in Java to run on any machine windows/Linux/Mac” gatewayOn how long it has taken to come this far and the realities of being a real project, delivering real clients:“You know each Enterprise client takes about 8–12months of work, meetings and effort to start a project. This the same across all enterprise software and from my experience at the C-level in previous organisations.”Q1 completed with the release of the community treasury design:https://medium.com/@quant_network/overledger-network-community-treasury-design-release-cc15377da0a3Now get ready for Q2:https://ift.tt/2XPns8P
Submitted April 20, 2020 at 08:46PM
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