QUANT NETWORK AMA: 10 DEC 2018

QUANT NETWORK

AMA

ASK ME ANYTHING

10‑DEC‑2018

TELEGRAM ‑ 5 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):

"Hi Community. I have a question about Quants patents. Does anybody know how much of Quants competitive advantage do they cover? I.e. how likely is it that a competitor could emerge with a different solution to the same problem at some point? I am not well versed in the field of patents but it is my basic understanding that patents are region or country specific. How many regions do Quants patents cover?"

Answer(s):

Ah patents, in my opinion both the existing payments (we are about to do at least one more in the next month or so ) are the only way of acheiving that which is required to carry out effective cross chain transactions. Be it the trust tag tokenisation or the verification block, obviously dealing with cross chain transactions you always have the issue that a particular transaction set mey fork , the verification block fixes this in the onlly way beyond timelocking cross chain transaction

Question(s):

#ama: HOW WILL TREATY CONTRACTS IMPACT THE BLOCKCHAIN SPACE IN A MAJOR WAY ?
sean
#ama: HOW WILL TREATY CONTRACTS IMPACT THE BLOCKCHAIN SPACE IN A MAJOR WAY ?
Yes. As a developer if I can write an on-chain contract once and deploy the compiled source-code to multiple blockchains, I am no longer locked to a single blockchain. The impact would be huge.

Answer(s):

Now what if we have thought of a way of not just doing a contract acress the likes of Eth , Tron , EOS etc. But also giving smart contract functionality accross blockchains that dont support smart contract. Wouldn't that be something 😉

Question(s):

Support1
Now what if we have thought of a way of not just doing a contract acress the likes of Eth , Tron , EOS etc. But also giving smart contract functionality accross blockchains that dont support smart contract. Wouldn't that be something 😉
so execute the smart contracts on overledger, and they do the handling towards the blockchain?

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
so execute the smart contracts on overledger, and they do the handling towards the blockchain?
Yup

Question(s):

So contracts would compile to bytecode that executes on-chain, or would they be off-chain contracts?

Answer(s):

sonic
So contracts would compile to bytecode that executes on-chain, or would they be off-chain contracts?
YEs and no 🙂 although I can't go into the specifics at this time, I reference you to my first point .

Question(s):

"How is the developer strategy progressing with open source and techstars-sponsored hackathons?"

Answer(s):

Luke
"How is the developer strategy progressing with open source and techstars-sponsored hackathons?"
We are engaging a nuber of large development houses to test out our Hackathons in the first instance, we have a couple booked for the new year and are looking to put some Quant Certification together

Question(s):

Q1: In October (we maybe) got a US bank client revealed. Two months later it did not happen, which is not a problem. But is there an update on the situation ? Thanks. Q2: Are you enganging a lot in China? I think China is adopting crypto pretty well, do you have some contact in China on Enterprise or Governmental level. Thanks

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
Q1: In October (we maybe) got a US bank client revealed. Two months later it did not happen, which is not a problem. But is there an update on the situation ? Thanks. Q2: Are you enganging a lot in China? I think China is adopting crypto pretty well, do you have some contact in China on Enterprise or Governmental level. Thanks
Q1) For those of you working in finance you will know how slow moving some of the internal wheels are at catching up with the inovators, we are still working with them and are hoping to release the news soon. But we have not been resting and have ALOT of other very high profile partnerships in flight
Q2) We are engaged with a government project in China, hopefully that will move forward soon. That said we are now looking at roadmapping some of the China focussed DLTs

Question(s):

Support1
Q1) For those of you working in finance you will know how slow moving some of the internal wheels are at catching up with the inovators, we are still working with them and are hoping to release the news soon. But we have not been resting and have ALOT of other very high profile partnerships in flight
wow great stuff, any ETA on one of them being released? MOBI and AUCloud where big, and we, the community loved them :).

Answer(s):

Serieus Profits
wow great stuff, any ETA on one of them being released? MOBI and AUCloud where big, and we, the community loved them :).
Mobi is really amazing lots of challenges needing to be solved on that one and thankfully we have most of the answers

Question(s):

"Has Quant considered adding Hedera Hashgraph on its roadmap?"

Answer(s):

Luke
"Has Quant considered adding Hedera Hashgraph on its roadmap?"
We have indeed that said the pattern for our community developers to develop connectors will be out very soon, so lets build it together 🙂

Question(s):

Questions: 1) Has Quant considered adding Hedera Hashgraph on its roadmap? 2)Are there any Digital Singles from the EU that Quant is persuing? 3)Is Quant aware of the MyHealthMyData project, could they see a potential collaboration? 4)GlobalEPIC is an up and coming international committee for cybersecurity initiatives. Do you have any feedback on this? https://globalepic.org/HomePage @duncal

Answer(s):

The Eye of QNT never pm 4 funds
Questions: 1) Has Quant considered adding Hedera Hashgraph on its roadmap? 2)Are there any Digital Singles from the EU that Quant is persuing? 3)Is Quant aware of the MyHealthMyData project, could they see a potential collaboration? 4)GlobalEPIC is an up and coming international committee for cybersecurity initiatives. Do you have any feedback on this? https://globalepic.org/HomePage @duncal
2) Gilbert is on the main EU Blockchian commitee and is activley persuing helipng them put their strategy in place.
The Eye of QNT never pm 4 funds
Questions: 1) Has Quant considered adding Hedera Hashgraph on its roadmap? 2)Are there any Digital Singles from the EU that Quant is persuing? 3)Is Quant aware of the MyHealthMyData project, could they see a potential collaboration? 4)GlobalEPIC is an up and coming international committee for cybersecurity initiatives. Do you have any feedback on this? https://globalepic.org/HomePage @duncal
3) My Health data is an amazing project we haven't approached them yet but who knows.
The Eye of QNT never pm 4 funds
Questions: 1) Has Quant considered adding Hedera Hashgraph on its roadmap? 2)Are there any Digital Singles from the EU that Quant is persuing? 3)Is Quant aware of the MyHealthMyData project, could they see a potential collaboration? 4)GlobalEPIC is an up and coming international committee for cybersecurity initiatives. Do you have any feedback on this? https://globalepic.org/HomePage @duncal
4) Funnily enough we feel that a huge area for Overledger use (given our vbackgrounds) is cybersecurity . JP got over to Black hat last week and noted the lack of Blockchain solutions. Needless to say that right now you could use Overledger to build a myriad iof solutions

Question(s):

Support1
3) My Health data is an amazing project we haven't approached them yet but who knows.
talking about health data, is quant planning to build a HL7 FHIR connector?

Answer(s):

Pablo
talking about health data, is quant planning to build a HL7 FHIR connector?
HL7 /FIHR has a number of standards we are looking at which best fits what we are trying to deliver. We may well partner with existing HL7 providers to enable us to bring this to market in a more efficient way

Question(s):

Has the team had or is looking to be involved with collaboration with Project Jasper, Ubin, Stela and Bank of Englands trial for interoperability?

Answer(s):

Seq
Has the team had or is looking to be involved with collaboration with Project Jasper, Ubin, Stela and Bank of Englands trial for interoperability?
Not been involved in those but Gilbert is quite linked in to BoE , We are doing some things with other major traditional exchanges though

Question(s):

Couple of months ago you guys talked about an upcoming Sky News segment, when can we expect more information on this segment or the possible air date?

Answer(s):

Luke
Couple of months ago you guys talked about an upcoming Sky News segment, when can we expect more information on this segment or the possible air date?
May be wrong but I believe Gilbert filmed this segment , will find out where they are with it ( as CTO I dont get out of the cellar much 🙂 )

Question(s):

We are aware that you guys have a strong team focused on providing the most seamless and efficient token ecosystem - but is there any significant updates you can provide us on the details of the architecture? (A detailed report with visuals would go a long way here) Thanks.

Answer(s):

Luke
We are aware that you guys have a strong team focused on providing the most seamless and efficient token ecosystem - but is there any significant updates you can provide us on the details of the architecture? (A detailed report with visuals would go a long way here) Thanks.
Obviously we have them internally , will look at what we can release bearing in mind the sensitivity

Question(s):

Support1
Obviously we have them internally , will look at what we can release bearing in mind the sensitivity
Thanks Colin - appreciate that. Just a bit of caution aroud the details amongst the community that is all. Have faith in you guys. Cheers

Answer(s):

Luke
Thanks Colin - appreciate that. Just a bit of caution aroud the details amongst the community that is all. Have faith in you guys. Cheers
Sure I get it . But we have some pretty big fish getting interested in what we are doing so want to retain the value in our ecosystem 🙂

Question(s):

Australia is developing the Australian National Blockchain, collaborating with Data61, IBM and Redbelly. Is there room for Quant to help faciliate cross industry communications, or is the chain purely relying upon the Red Belly system?

Answer(s):

Luke
Australia is developing the Australian National Blockchain, collaborating with Data61, IBM and Redbelly. Is there room for Quant to help faciliate cross industry communications, or is the chain purely relying upon the Red Belly system?
Lol we are talking to Data 61 😉 hopefully we will have news soon. Gilbert is heading to Aus next week to finalise a number of deals

Question(s):

There was mention of opening a US Office to meet client demand, is this still a priority? Also, you have spoken about your Australian presence (as well as Loucineh heading there) can you give us some more information about this? Is it a physical office or just easier to have a team member on the ground in Australia to help faciliate a lot of Quant's involvement?

Answer(s):

Luke
There was mention of opening a US Office to meet client demand, is this still a priority? Also, you have spoken about your Australian presence (as well as Loucineh heading there) can you give us some more information about this? Is it a physical office or just easier to have a team member on the ground in Australia to help faciliate a lot of Quant's involvement?
We are looking at potential US partners , on Aus it is an established office down there, we cover with local partnetrs and Gilbert spend a lot of time there

Question(s):

Maybe you did't see my question so I politely ask again: Will the MApp store convert Payments to Quant Tokens or will payments in €, $ etc bypass the quant token so the token main utility will be ensuring a License to build MApps on Quant?

Answer(s):

jinkle
Maybe you did't see my question so I politely ask again: Will the MApp store convert Payments to Quant Tokens or will payments in €, $ etc bypass the quant token so the token main utility will be ensuring a License to build MApps on Quant?
Interesting one we have been speaking to our Lawyers on increased utility , Fiat is a an obious one , but we are still working on the other.

Question(s):

Only one question from me : Objecttech has pretty solid connections. Putting SSI based solutions in everyday use. Their CEO is active within the ISO standard. Has objecttech reached out to you? Or vice versa 😂

Answer(s):

AJ
Only one question from me : Objecttech has pretty solid connections. Putting SSI based solutions in everyday use. Their CEO is active within the ISO standard. Has objecttech reached out to you? Or vice versa 😂
Not yet but we are at a BSI /ISO meeting tommorow so will ask the question

Question(s):

Calastone (based in London) announced in a recent press release they will shift their entire system to blockchain in May 2019. The shift will see more than 9 million messages a month between those counterparties completed on blockchain. Overledger would be a great use case for Calastone, de-risking future expenses of shifting to other blockchains. Q. Have you been in contact with Calastone, and if no, wouldn’t this be a great opportunity for Overledger?

Answer(s):

Luca
Calastone (based in London) announced in a recent press release they will shift their entire system to blockchain in May 2019. The shift will see more than 9 million messages a month between those counterparties completed on blockchain. Overledger would be a great use case for Calastone, de-risking future expenses of shifting to other blockchains. Q. Have you been in contact with Calastone, and if no, wouldn’t this be a great opportunity for Overledger?
It Would 👍 Thank you for the heads up

Question(s):

Out of your clients so far, what would you say the most popular ledgers that they are using Bitcoin, Ethereum, Ripple, Hyperledger, Quorum and IOTA?

Answer(s):

Seq
Out of your clients so far, what would you say the most popular ledgers that they are using Bitcoin, Ethereum, Ripple, Hyperledger, Quorum and IOTA?
A lot of them are still in the we don't know phaze , although Corda and HL are what we are seeing a lot of

Question(s):

Colin how do you think overledger can benefit that important sector for massification of blockchain use as is e-gaming e-sports?

Answer(s):

QNTED
Colin how do you think overledger can benefit that important sector for massification of blockchain use as is e-gaming e-sports?
Heck yes would love a Decentralised MUD

Answer(s):

BOMBASA
Any more talks with huobi recently
Talks are still ongoing to be honest that is more in Gilberts realm I am very tech focussed as you may have gathered 😉

Question(s):

With recent Corda Settler updates - does the team see this payment solution as a threat or possible competitor? Or does Quant see an oppurtunity to get involved and improve the system?

Answer(s):

Luke
With recent Corda Settler updates - does the team see this payment solution as a threat or possible competitor? Or does Quant see an oppurtunity to get involved and improve the system?
Always see the opportunity, as we do with all the additional similar tech . One ring to bind them !

Question(s):

For clients using Overledger with Ripple and utilising Interledger, what do they see as the main benefits for doing this?

Answer(s):

Seq
For clients using Overledger with Ripple and utilising Interledger, what do they see as the main benefits for doing this?
We see ourselves as the rails , the solutions could be many fold. My little blac ideas book is overflowwing with otential use cases but we are concentrating on OL right now. That said with our Dev engagement the use cases are starting to emerge.

Question(s):

What do you think about mastercard filing patent on private crypto transactions ? Can overledger support privacy?

Answer(s):

COBRA ( Mr Salty )
What do you think about mastercard filing patent on private crypto transactions ? Can overledger support privacy?
I plead the fith on that one 😉

Question(s):

Recently Ivan on Tech mentioned Infura as a possible single point of failure for the Ethereum network. Overledger is an obvious alternative, besides the obvious addition of supporting multi-chain apps - how would dApp developers like Etherscan, Metamask and MyEtherWallet benefit from moving to use Overledger?

Answer(s):

Think the ability to reduce single points of failure is essential for enterprise adoption. As an ex head of security if there where SPoF a solution would simply be rejected. On Ethscan (Qoogle) we are ticking that box, and just imagine a multi chain signing app to rival Metamask

Question(s):

Do you think the NHS in uk could benefit from use of overledger to cut costs and improve the system as a whole ?

Answer(s):

COBRA ( Mr Salty )
Do you think the NHS in uk could benefit from use of overledger to cut costs and improve the system as a whole ?
Funnily enough was chatting to a Head of IG (information Governance). on that very subject yesterday, not just about reducing costs which it would but also potential income generation and efficiency benefits all came up

Question(s):

Last week Gilbert mentioned quantum security. Is this something you are working on atm? Are you familiar with Quintessence Labs and can their solution work in concert with overledger? So bring quantum resilience to the overledger OS?

Answer(s):

Pablo
Last week Gilbert mentioned quantum security. Is this something you are working on atm? Are you familiar with Quintessence Labs and can their solution work in concert with overledger? So bring quantum resilience to the overledger OS?
Now there is an interesting tie up not something I have looked at yet but wow that does raise some amazing possibilities.

Question(s):

If I enterprise wants to use overledger to use blockchain A and Blockchain B. Does the enterprise now have to hold Quant and also the tokens of said blockchains if said blockchains require you to hold a token for use of the blockchain?

Answer(s):

Dustin
If I enterprise wants to use overledger to use blockchain A and Blockchain B. Does the enterprise now have to hold Quant and also the tokens of said blockchains if said blockchains require you to hold a token for use of the blockchain?
Yes 🙂

Support1
Yes 🙂
Sorry I should expand they need the transactional fee for the write in the underlying DLT although that may not be an issue on a private chain but either way Quant is required.

Question(s):

You guys had mentioned making a test Chain of your own a few months back. Was there any real need for this chain, did it provide a solution? In regards to this Chain - is it possible we see the implementation of it incorporated for Clients and possibly a token swap?

Answer(s):

Luke
You guys had mentioned making a test Chain of your own a few months back. Was there any real need for this chain, did it provide a solution? In regards to this Chain - is it possible we see the implementation of it incorporated for Clients and possibly a token swap?
Yes, a lot of eisting chains just don't have required space for storage of data , so our own chain is starting to look more of a no brainer

Question(s):

Where do you see overledger being usefull in a military environment? Apart from security

Answer(s):

COBRA ( Mr Salty )
Where do you see overledger being usefull in a military environment? Apart from security
We can't say to much on this one but Military organisation are seeing the potential benifits . Hence recent application as discussed previously by Gilbert

Question(s):

Would you guys be open to building your own exchange?

Answer(s):

DreadBongo
Would you guys be open to building your own exchange?
Not something for us at this point I don't think , but with our AML solution and our connectors would be pretty easy for someone to at least put the functionality together

Question(s):

How are things progressing with Samsung, I know Gilbert mentioned them a couple of weeks ago being possibly interested in overledger

Answer(s):

Josh
How are things progressing with Samsung, I know Gilbert mentioned them a couple of weeks ago being possibly interested in overledger
Last time I spoke they were trying to organise bringing their team to the UK to speak to us

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