QUANT NETWORK AMA: 08 OCT 2018

QUANT NETWORK

AMA

ASK ME ANYTHING

08‑OCT‑2018

TELEGRAM ‑ 7 MIN READ

HIGHLIGHTS SUMMARY

Q U E S T I O N (S)

A N S W E R (S)

Q U E S T I O N (S)  &  A N S W E R (S)

HIGHLIGHTS ARE MARKED WITH BLUE STRIPES

Question(s):

AMA: Afternoon all! Was there any reason why the team chose to create a ‘decentralized Amazon’ to show off the progress with connectors? It caused big interest. Thanks.

Answer(s):

DigitalEgg
AMA: Afternoon all! Was there any reason why the team chose to create a ‘decentralized Amazon’ to show off the progress with connectors? It caused big interest. Thanks.
You know, I only expected a "hello world" MApp from the team to show cross-chain interoperability. They blew me away and created a truely decentralised Amazon that operates across 3 blockchains. Very proud!

Question(s):

Quant Network
You know, I only expected a "hello world" MApp from the team to show cross-chain interoperability. They blew me away and created a truely decentralised Amazon that operates across 3 blockchains. Very proud!
Thanks. 1 or 2 more “power use cases” to compliment ‘Amazon’ would definitely drive even more interest, like it’s done over the last few days. Great Tweet too. 👍

Answer(s):

DigitalEgg
Thanks. 1 or 2 more “power use cases” to compliment ‘Amazon’ would definitely drive even more interest, like it’s done over the last few days. Great Tweet too. 👍
Thank you! We're working on so much and sharing what we can. More revelations coming!

Question(s):

Q2: Your post regarding the decentralized “Amazon” where you show a pic of XRP, ETH and BTC payments is pretty awesome, although why couldn’t you show the community some better proof like at least a video and even better - some proof on the blockchains?

Answer(s):

Hans Bricks
Q2: Your post regarding the decentralized “Amazon” where you show a pic of XRP, ETH and BTC payments is pretty awesome, although why couldn’t you show the community some better proof like at least a video and even better - some proof on the blockchains?
We will be sharing some live demos over the next few weeks and a more detailed one during our Nov 20 Quant X event for developers. As Gilbert, mentioned, the MApp that the team shared blew us away and we wanted to share it real time. We will also be sharing demos for devs/chief architects etc on the Quant Dev Portal.

Question(s):

"Does qnt offer any additional security against ddos viruses, mallware or any other cyber/hacking threats?"

Answer(s):

Luke
"Does qnt offer any additional security against ddos viruses, mallware or any other cyber/hacking threats?"
Yes, this is built in, coming from our Cybersecurity background. We're creating new Security infastructure in the space of Identity, Firewall, DPI and IPS that sits on top of Overledger, giving additional security controls to use blockchains which doesn't exist today.

Question(s):

"What exactly is the patent about and what does this imply (if granted) for other blockchain interoperability projects like aion, wan and icx?"

Answer(s):

Luke
"What exactly is the patent about and what does this imply (if granted) for other blockchain interoperability projects like aion, wan and icx?"
The Patent was filed on 1st December as an EU Patent. It covers how we're doing ordering and filtering to protect the inner core of Overledger. It should be granted around the end of 2019. It just means other projects can not use our method and approach to have interoperabilty.

Question(s):

Quant Network
The Patent was filed on 1st December as an EU Patent. It covers how we're doing ordering and filtering to protect the inner core of Overledger. It should be granted around the end of 2019. It just means other projects can not use our method and approach to have interoperabilty.
2 years to grant a patent, is that the usual timeframe?

Answer(s):

ScyTher
2 years to grant a patent, is that the usual timeframe?
18 months minimum - to 29 months.

Answer(s):

We're building a new upstream Power Exchange. Allowing for closed P2P Power networks (like powerledger) to cross-exchange on a new Power Exchange with all the other P2P Power networks.

Question(s):

Jason
Im not trying to shill Elastos here. I am trying to figure out what the advantage of Quant is against Elastos and I have a hard time finding an answer. Im a big fan of both projects, yet i cant seem to find out if they are competing against each other or if they can thrive together.
Does elastos of crosschain smartcontracts?

Answer(s):

Bulle
Does elastos of crosschain smartcontracts?
Elastos to us is just another blockchain. If our customers or the market wants, we can connect to it or the community can.

Question(s):

Quant Network
Elastos to us is just another blockchain. If our customers or the market wants, we can connect to it or the community can.
Do you mean as in elastos is a blockchain that you can work with? Or is the team also aware of the Elastos project and its goals? Just curious how to interpret the answer 🙂

Answer(s):

Jason
Do you mean as in elastos is a blockchain that you can work with? Or is the team also aware of the Elastos project and its goals? Just curious how to interpret the answer 🙂
We can connect with any blockchain in theory. If there is sufficient market or client demand we can build the connector to Elastos. Otherwise the community can do it and we can integrate into Overledger

Question(s):

AMA: does the team have an update on the Zapier integration concept? Might we see Overledger working with 1000s of Apps one day via Zapier? Thanks.

Answer(s):

DigitalEgg
AMA: does the team have an update on the Zapier integration concept? Might we see Overledger working with 1000s of Apps one day via Zapier? Thanks.
This is exciting for us. We're integrating Overledger with Zapier. This will allow us to bridge the thousands of internet applications to blockchain, through Overledger. Huge potential!

Question(s):

Quant Network
This is exciting for us. We're integrating Overledger with Zapier. This will allow us to bridge the thousands of internet applications to blockchain, through Overledger. Huge potential!
Wow this is Massive! So Enterprises will be able to connect the data from their Apps (Excel, CRMs, ERPs) into Overledger - as well as cross connect blockchains? Correct?

Answer(s):

DigitalEgg
Wow this is Massive! So Enterprises will be able to connect the data from their Apps (Excel, CRMs, ERPs) into Overledger - as well as cross connect blockchains? Correct?
Yes exactly. It's a leap into our 3rd phase of our strategy to connect the internet to blockchain. We can do this today rather than waiting 2-3 years!

Every single Internet application can integrate with blockchain through Overledger. Quite groundbreaking

Question(s):

Quant Network
Elastos to us is just another blockchain. If our customers or the market wants, we can connect to it or the community can.
Since the latoken listing failed dismally are there any other bigger exchanges in the pipeline anytime soon because idex is just terrible.

Answer(s):

Bulle
Since the latoken listing failed dismally are there any other bigger exchanges in the pipeline anytime soon because idex is just terrible.
Wow harsh.

Question(s):

Quant Network
Why would you treat it as a fail?
There is almost zero activity and sorry for the harshness but it's true.

Answer(s):

Bulle
There is almost zero activity and sorry for the harshness but it's true.
Then you can use IDEX? Don't know what everyone wants, we've just started to list on exchanges, another 2-3 in the works. If you're not happy, sorry. We're not going to do everything for everyone. We have a set focus and vision to achieve.

Question(s):

Q3:How many devs are currently working on the project and are you planning on expanding your team? I have seen only 5 people contributing on the Github and not sure if they have some real previous blockchain experience (I’m not exactly a programmer myself so perhaps I missed something)

Answer(s):

Hans Bricks
Q3:How many devs are currently working on the project and are you planning on expanding your team? I have seen only 5 people contributing on the Github and not sure if they have some real previous blockchain experience (I’m not exactly a programmer myself so perhaps I missed something)
We have done profiles of our team and their experiene with DLT on Medium as well as on our website - all quite experieced as you can see from their outputs. Rui and Alex's profile on Medium to be posted over the next two weeks.

Question(s):

Loucineh
We have done profiles of our team and their experiene with DLT on Medium as well as on our website - all quite experieced as you can see from their outputs. Rui and Alex's profile on Medium to be posted over the next two weeks.
I know, but perhaps the team needs to be a little bigger, not sure if 5 devs are enough for this. But afterall, maybe it is if the companies will use the SDK themselves

Answer(s):

Hans Bricks
I know, but perhaps the team needs to be a little bigger, not sure if 5 devs are enough for this. But afterall, maybe it is if the companies will use the SDK themselves
Thanks for the suggestion, but we're a good size and have the right capable and experienced team. Adding another 20 people to the team now isn't going to achieve anything.

Question(s):

“Where is the software hosted? i.e. my desktop computer's OS is on its hard drive, so where is the Overledger? Is it cloud-based like AWS/Azure, and if so who hosts the servers and where? Blockchains (although slow) are public, immutable, and distributed records of transactions, so changing a single transaction would require changing the entire chain on 51% of all the nodes on the network without anyone noticing--does Overledger replicate this level of data security? How? Can one use Overledger to transfer an asset (like a supply chain token, for example) from one chain to another? To swap one asset for another (like ETH for BTC)?”

Answer(s):

Luke
“Where is the software hosted? i.e. my desktop computer's OS is on its hard drive, so where is the Overledger? Is it cloud-based like AWS/Azure, and if so who hosts the servers and where? Blockchains (although slow) are public, immutable, and distributed records of transactions, so changing a single transaction would require changing the entire chain on 51% of all the nodes on the network without anyone noticing--does Overledger replicate this level of data security? How? Can one use Overledger to transfer an asset (like a supply chain token, for example) from one chain to another? To swap one asset for another (like ETH for BTC)?”
Good questions. It comes down to the developers. You can create MApps as a Webapp or Cloud, on an OS (Win/OSX/Linux) or Mobile (iOS/Android).

Question(s):

Q: Besides GoVerify Mapp, are there any other Mapps being developed by Quant that are interesting for financial institutions?

Answer(s):

Luca
Q: Besides GoVerify Mapp, are there any other Mapps being developed by Quant that are interesting for financial institutions?
Yes, we have a few. A Cross-Trade Finance MApp to allow multiple supply chains using different systems and blockchains to talk to each other. Also are creating a cross-blockchain AML Compliance tool for Regulators and Financial Institutions.

Quant Network
Yes, we have a few. A Cross-Trade Finance MApp to allow multiple supply chains using different systems and blockchains to talk to each other. Also are creating a cross-blockchain AML Compliance tool for Regulators and Financial Institutions.
One thing to note here on this one - we are also building our MApps to utilize the QNT token. That is the beauty of having multi-purpose utility token versus a security token because you can add mutliple functions. We will reveal more over the coming months as we finalize the tech (somethings are senstive or competitive intelligence that we can't share) but this is something worth noting now because it doesn't begin and end with just the fee structures for Overledger.

Question(s):

Whats the next connector after quorum? Was the quorum one mentioned before, any reason for that connector?

Answer(s):

Jon Strummer
Whats the next connector after quorum? Was the quorum one mentioned before, any reason for that connector?
We want to work on the technology that our clients use the most.

Question(s):

Quant Network
We want to work on the technology that our clients use the most.
Does quant have control over APIs or can developers design their own because platform risk might be a concern.

Answer(s):

Bulle
Does quant have control over APIs or can developers design their own because platform risk might be a concern.
Yes of course we control the APIs. We call them BPI (Blockchain Programming Interface).

Question(s):

Quant Network
Yes of course we control the APIs. We call them BPI (Blockchain Programming Interface).
That's risky

Answer(s):

Bulle
That's risky
Sorry not understanding your point. What is risky is not controlling APIs.

Question(s):

Can't access the QuantX on the page, how much for a attends ticket?

Question(s):

Token function - So assuming that the token is somewhat like a license for using the service, how much tokens would a company need in order to make for instance 1000 transactions from XRP to ETH per day? Would they need just 1 token or would it be scaled according to the usage somehow?

Answer(s):

Hans Bricks
Token function - So assuming that the token is somewhat like a license for using the service, how much tokens would a company need in order to make for instance 1000 transactions from XRP to ETH per day? Would they need just 1 token or would it be scaled according to the usage somehow?
That's what we're working out currently, now that the SDK is out. We have team of internal and external technical, lawyers and economists on this. It's a new model that really hasn't been done before. What we know is that we will have a flexible pricing approach for MApps for developers to set the price/usage regarding tokens and volume.

Question(s):

Question: I recently discovered IBMs and CLS LedgerConnect wich looks very interestibg, has Quant been approached to participate in this project?

Answer(s):

Discodredd
Question: I recently discovered IBMs and CLS LedgerConnect wich looks very interestibg, has Quant been approached to participate in this project?
We haven't spoken to IBM or CLS about LedgerConnect

Question(s):

Any idea when the US Bank/financial institution will be announced in October?

(Question was not found on Telegram. Source: Reddit AMA Summary 08.10.2018)

Answer(s):

Question(s):

AMA: 1. what do you hope to achieve from the QauntX event on Nov 20th? 2. Also, will you be capturing all the juicy content (photos, video, audio) for posting/sharing? Great opportunity for videos and images for marketing etc. 👍

Answer(s):

DigitalEgg
AMA: 1. what do you hope to achieve from the QauntX event on Nov 20th? 2. Also, will you be capturing all the juicy content (photos, video, audio) for posting/sharing? Great opportunity for videos and images for marketing etc. 👍
Absolutely will have it all captured on video as well as plenty of photos. The event is targeted predominantly to devs/architects and CIOs and to so we can provide live demos of the technology and show what is possible/answer questions. We also expect to use this as an opportunity to invite some of our clients so they can betterunderstand the tech and what is possible.

Question(s):

" In layman's terms where does QNT sit in the technology stack It's not it's own chain so how does it interact with chains , it's an operating system but where does it operate?" - Is there a quick way to help tech newbies understand how Overledger operates?

Answer(s):

Luke
" In layman's terms where does QNT sit in the technology stack It's not it's own chain so how does it interact with chains , it's an operating system but where does it operate?" - Is there a quick way to help tech newbies understand how Overledger operates?
Think of it as running distributed across Cloud providers and then blockchains to provide the API gateways to blockchains.

Question(s):

Information / Announcement

Answer(s):

We're in the process of releasing the Java SDK next.

Question(s):

(No Question was found)

Answer(s):

Question(s):

I know you guys are working on the tokenomics still (just a suggestion for when its finalised), but I think the biggest concern we get from outsiders looking into the project is the uncertainty around token utility. I think a really clear defined article with examples etc. would be a great way to publicise it once its all sorted out. Gives us something to channel them towards.

Answer(s):

Luke
I know you guys are working on the tokenomics still (just a suggestion for when its finalised), but I think the biggest concern we get from outsiders looking into the project is the uncertainty around token utility. I think a really clear defined article with examples etc. would be a great way to publicise it once its all sorted out. Gives us something to channel them towards.
Understood, we'll publish some guildelines which are a bit more that just sketches and some early thinking.

Question(s):

Answer(s):

Serieus Profits
One Q, did you ever lie in an AMA because of NDA ?
Loaded question @serieusprofits. I think everyone knows what an NDA means. I've personally been very transparent and engaging to our community, so have our team.

Question(s):

Is there a plan to actually market quant in the future as a license to take advantage of an ecosystem during the campaign

Answer(s):

My Crypt
Is there a plan to actually market quant in the future as a license to take advantage of an ecosystem during the campaign
We're working on our marketing approach which is more directed to Enterprises. We're covering all the channels to use the best possible segment and reach. Here's some of areas we're looking into. From the release of the SDK, we've ramped this up and you'll be seeing a lot more on Quant, especially if you work in corporates: Targeting Blogs Publicity Unconventional PR Search Engine Marketing (SEM) Social and Display Ads Offline Ads Search Engine Optimization (SEO) Content Marketing Email Marketing Viral Marketing Engineering as Marketing Business Development (BD) Sales Affiliate Programs Existing Platforms Trade Shows Offline Events Speaking Engagements Community Building

Question(s):

Quant Network
We're working on our marketing approach which is more directed to Enterprises. We're covering all the channels to use the best possible segment and reach. Here's some of areas we're looking into. From the release of the SDK, we've ramped this up and you'll be seeing a lot more on Quant, especially if you work in corporates: Targeting Blogs Publicity Unconventional PR Search Engine Marketing (SEM) Social and Display Ads Offline Ads Search Engine Optimization (SEO) Content Marketing Email Marketing Viral Marketing Engineering as Marketing Business Development (BD) Sales Affiliate Programs Existing Platforms Trade Shows Offline Events Speaking Engagements Community Building
Can you also consider a “Connect IT with Quant” icon - bit like “Intel Inside”. This signifies that the app, MApp or blockchain can be connected via Quant (Overledger) etc. the icon can also be a link to the official integration page - hosted on your site - indicating it’s an official product/partner. The “IT” part is a play on words that IT folks will get.

Answer(s):

DigitalEgg
Can you also consider a “Connect IT with Quant” icon - bit like “Intel Inside”. This signifies that the app, MApp or blockchain can be connected via Quant (Overledger) etc. the icon can also be a link to the official integration page - hosted on your site - indicating it’s an official product/partner. The “IT” part is a play on words that IT folks will get.
Thank you Robin, like it! We've been playing around "Powered by Overledger" something like the "Intel Inside" tag line. Will come out with something catchy and effective

Question(s):

AMA: when IBM, Salesforce et al announce new deals and partnerships - they generally use the traditional fiat value and duration (e.g. ‘New 5 year deal worth $10m’). How might Qaunt Network announce such deals in the future? Would it be in fiat and $QNT for example?

Answer(s):

DigitalEgg
AMA: when IBM, Salesforce et al announce new deals and partnerships - they generally use the traditional fiat value and duration (e.g. ‘New 5 year deal worth $10m’). How might Qaunt Network announce such deals in the future? Would it be in fiat and $QNT for example?
Haven't thought about that yet - it will have to be jointly agreed between the two companies

Question(s):

Not really a question, but it'd be cool if you discuss the possibility of joining SAP partner edge, so many applications that quant can provide to those members. Ofc it's already cool that you're already in talks with a US bank 👌

Answer(s):

My Crypt
Not really a question, but it'd be cool if you discuss the possibility of joining SAP partner edge, so many applications that quant can provide to those members. Ofc it's already cool that you're already in talks with a US bank 👌
Thank you for the suggest. We can integrate easily to SAP or other ERP systems. We'll start looking in to it

Question(s):

Q: Can overledger implement/integrate a privacy layer using something like TEE/MPC to protect sensitive/confidential data?

Answer(s):

Daniel
Q: Can overledger implement/integrate a privacy layer using something like TEE/MPC to protect sensitive/confidential data?
We already have that with TrustTag. It allows you to set privacy fields to tokenise data you don't want others to see

Answer(s):

Thanks Luke. We've already connected Hyperledger and Ethereum to Overledger. We know the EEA/IBM teams and can discuss in more detail.

Question(s):

Damn I missed the AMA. Can I still ask a question? : Is quant familiar with drumG? can we see them as a competitor?

Answer(s):

Pablo
Damn I missed the AMA. Can I still ask a question? : Is quant familiar with drumG? can we see them as a competitor?
We've seen the medium article - keen to see what they'll do. We scan the market quite regularly (daily!)

Quant Network
We've seen the medium article - keen to see what they'll do. We scan the market quite regularly (daily!)
It looks like a similar approach to Kaleido to build custom solutions/products on blockchains.

Question(s):

Any update on the Blockchain Brad follow up ? I know a lot of people are keen! 😀

Answer(s):

Luke
Any update on the Blockchain Brad follow up ? I know a lot of people are keen! 😀
Yep, set up for this week on Wednesday

Question(s):

(No Question was found)

Answer(s):

We'll do what works best for our community, developers and enterprise customers

Question(s):

AMA: will the team be releasing a ‘blockchain’ that can be used as a ‘test’ and/or ‘starter’ blockchain for Enterprises. Obviously it can be connected to others via Overledger later - but I see two Enterprise use cases: 1. Test bed easily scratched and reset; 2. Simple ledger for immutable storage - especially when Zapier allows Excel data to flow.

Answer(s):

DigitalEgg
AMA: will the team be releasing a ‘blockchain’ that can be used as a ‘test’ and/or ‘starter’ blockchain for Enterprises. Obviously it can be connected to others via Overledger later - but I see two Enterprise use cases: 1. Test bed easily scratched and reset; 2. Simple ledger for immutable storage - especially when Zapier allows Excel data to flow.
That's exactly the use case the new blockchain will solve. An appropriate enterprise-geared blockchain that provides better distributed storage for large amounts of data. It's a gap in the market the current generation of blockchains are solving or are not fit for purpose. One problem we have is we can't agree what to name it. Love to hear some suggestions

Question(s):

(No Question was found)

Answer(s):

Exactly. Also, over the last 10months Gilbert and Quant have been featured in New York Times, New Scientist Magazine, Politico, USNews, and even had an op ed published on Fox (which wasn't our target but it has massive reach so it doesn't hurt) plus behind the scenes he has done an amazing job of doing 1:1 briefings with the most senior staff members from Washington Post, CNN, msnbc, bloomberg and even did an interview for Al Gore's Climate Change Newsletter etc. i don't know if you all appreciate, how significant this is because most established companies take years to set up relationships and get in front of these types of reporters and they all know Gilbert now and if they want to write articles blockchain and need quotes and backgrounder info exactly they come to us.

Answer(s):

Jecherio
Most influencers are pay to play
BlockchainBrad doesn't jsut FYI. I understand it's common practice in this space and sponsored content isn't out of the norm in the non-crypto space either but the challenge for us is making sure that there is a return on investment (ROI) for whatever we do. We didn't pay Nick from DataDash but he has one of the highest reaches on YouTube, he picked us as a Top 3 ICO and did a great spiel on it but did it make a huge difference? Not really and most people have short attention spans and forget he did it because the space is so satured with so much noise. The biggest impact for us was the New Scientist magazine article which was then picked by Bitcoin Magazine and ran on Nasdaq etc. and then again Gilbert being featured on the New York Times and then they was pushed up to front page of Reddit plus our press event at the Press Club which generated business leads etc. We love the suggestions from the community and we aren't saying no to anything but I'm trying give you all insight into how we think and how we measure our tactics and make sure everything we do is strategic and delivers across all fronts.

Question(s):

Information / Announcement

Answer(s):

Wanted to share this which came out from NIST the other day. Blockchain Technology Overview [pdf]: https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf

Question(s):

Did you speak to any interested enterprises during the london fraud conference about GoVerify?

Answer(s):

Daniel
Did you speak to any interested enterprises during the london fraud conference about GoVerify?
Yes, quite a few including Government. Following up with them this week.

Question(s):

Is Dr John Lambert still an advisor for Quant Health? I noticed he recently moved to DXC and was wondering if this impacts his advisory role?

Answer(s):

dpol lopd
Is Dr John Lambert still an advisor for Quant Health? I noticed he recently moved to DXC and was wondering if this impacts his advisory role?
Yes he's still an advisor. We're looking to work closer with DXC on a couple of engagements in the UK and in Australia.

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