QUANT NETWORK AMA: 14 JAN 2019

QUANT NETWORK

AMA

ASK ME ANYTHING

14‑JAN‑2019

TELEGRAM ‑ 6 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):

Information / Announcement

Answer(s):

We've signed the first top 10 exchange for January.



Plus we have a new top 10 exchange that has progressed - estimating that one for Q1, making it potentially 3 top 10 exchanges.

Answer(s):

Cryptorob
how is Idax a 10 top exchange
It's been number 10 since we started talking late last year.

Question(s):

Good afternoon from Lithuania Gilbert. Looks like there aren't enough days left in Jan for all the news 🙂 any word on OTC exchange/partner?

Answer(s):

Minde
Good afternoon from Lithuania Gilbert. Looks like there aren't enough days left in Jan for all the news 🙂 any word on OTC exchange/partner?
As mentioned we are starting our phased exchange listings from January onwards. We are starting with 2 of the top 10 exchanges by the end of Jan. IDAX announced today the other one later in the month. The others are in a sequence as part of our strategy moving forward

Question(s):

Question(s):

1) Is the partnership with AUCloud extensive to UKCloud? 2) Is Quant assisting with Vocalink in rolling out infrastructure? Do they have any thoughts on MITS? 3) Will Quant have access to the pay (dot) uk ecosystem?

Answer(s):

The Eye of QNT never pm 4 funds
1) Is the partnership with AUCloud extensive to UKCloud? 2) Is Quant assisting with Vocalink in rolling out infrastructure? Do they have any thoughts on MITS? 3) Will Quant have access to the pay (dot) uk ecosystem?
1) Starting with AUCloud first then potentially with UKCloud. 2) Can't comment 3) Some new updates coming out regarding PayUK about our involvement

Question(s):

4) Why was Mark's tenure at Quant so short? What did he accomplish in his ~4 months there?

Answer(s):

The Eye of QNT never pm 4 funds
4) Why was Mark's tenure at Quant so short? What did he accomplish in his ~4 months there?
Mark was on a short term contract and helped with our product strategy and roadmap.

Question(s):

5) Has Quant heard of the Quantum Alliance Initiative? Is there anything brewing in the QuCom space at UCL that could be looked into?

Answer(s):

The Eye of QNT never pm 4 funds
5) Has Quant heard of the Quantum Alliance Initiative? Is there anything brewing in the QuCom space at UCL that could be looked into?
No haven't of this initative and will look into it especially as UCL are a partner of ours

Question(s):

6)Has Quant ever considered being the secure data layer for Quantum Key Distribution?

Answer(s):

The Eye of QNT never pm 4 funds
6)Has Quant ever considered being the secure data layer for Quantum Key Distribution?
That is a quite a long time away, Quantum tech plus key exchange is about 5 years away in commercial environments. In the immediate future we have a plan to do HSM key exchange for enterprise which is what is heavily used

Question(s):

Hi Gilbert. As we know the token is based on usage of the platform, do you expect that the value of QNT will detatch from that of the speculative market based on this, and if so, by when? Thanks

Answer(s):

The Eye of QNT never pm 4 funds
Hi Gilbert. As we know the token is based on usage of the platform, do you expect that the value of QNT will detatch from that of the speculative market based on this, and if so, by when? Thanks
Good question. As explained our tokenomics is based on real world supply/demand of users and enterprise. We have to wait and see, not sure how the speculative market will perceive real world usage

Question(s):

Last AMA you mentioned a new system implementing 'Network Gateways'. Is this your approach to decentralising the Overledger platform while simultaneously incorporating the Dual Token Ecosystem concept, benefiting network participators? When can we expect some more information regarding this exciting development?

Answer(s):

Luke
Last AMA you mentioned a new system implementing 'Network Gateways'. Is this your approach to decentralising the Overledger platform while simultaneously incorporating the Dual Token Ecosystem concept, benefiting network participators? When can we expect some more information regarding this exciting development?
Yes that has been a concept of ours for 2019. The plan is to work on this after the Treasury, we're focused on releasing Treasury in the first half for 2019 then in 2nd half the network gateways. More will be discussed as we progress

Question(s):

We haven't heard much about the progress of GoVerify. Is Lloyd's still planning on trialling it? Have there been any other interested parties?

Answer(s):

Luke
We haven't heard much about the progress of GoVerify. Is Lloyd's still planning on trialling it? Have there been any other interested parties?
These things that time, we now have another bank, an airline, two government authorities, and 2 logistics companies looking at GoVerify. Plus we've fast tracked the mApp version of GoVerify and it's due to come out in the next couple of months - we're making a lot more announcements on this

Question(s):

Gilbert Verdian
These things that time, we now have another bank, an airline, two government authorities, and 2 logistics companies looking at GoVerify. Plus we've fast tracked the mApp version of GoVerify and it's due to come out in the next couple of months - we're making a lot more announcements on this
Ah perfect, exciting stuff.

Answer(s):

We're creating a new division called Quant Cyber - using Blockchain technology to protect against cybersecurity threats. GoVerify will be the first technology in this space.

Question(s):

How was the trip down under to Australia? Anything major come out of the discussions with Data61?

Answer(s):

Luke
How was the trip down under to Australia? Anything major come out of the discussions with Data61?
Yes lots! We're working on the details now on how our technology can help some of the work they are doing in blockchain.

Question(s):

A while ago you mentioned a Swiss office was in the works and being set up. Is there any more info/news on this? What was the driving force behind this move, client engagements? On this note, what is the state of the Australian office you have set up, is it just for client discussions, or will you be buffing it out? Just to clarify is Loucineh still with the team – just down in Aus, or left Quant Network completely? Thanks.

Answer(s):

We've had our Swiss and London offices since last year and set up the one in Australia mid-year based on client demand. Loucineh moved back to Sydney to pursue a different path

Question(s):

Do you have plans to connect to Red Belly chain in the near future? With large corporations / financial services looking for high transaction speeds, is this not a strong value point that you could pitch to clients? Not many people in the space know about Red Belly and it could be a very distinctive differentiator.

Answer(s):

Yes Red Belly is one we talked to Data61 with. It has a capability of about 600,000 tx/s which would help mApps processes data a lot faster

Question(s):

mr Gilbert how will artificial intelligence be utilized by Quant in the future?

Answer(s):

sean
mr Gilbert how will artificial intelligence be utilized by Quant in the future?
We have been in discussions with AI Nexus since late last year to create a decentralised AI capability using Overledger. To us AI is another mApp or middleware

Question(s):

What do you expect will be the biggest achievment this year?

Answer(s):

Oude Kaas
What do you expect will be the biggest achievment this year?
Lots of enterprise customers using our technology with real world use cases. We have had meetings with about 50 Enterprises globally. Plus the implementation of Treaty Contracts - multi-chain smart contracts and the Treasury

Question(s):

what kind of financial infrastructures do you foresee being built on Quant?

Answer(s):

sean
what kind of financial infrastructures do you foresee being built on Quant?
A lot in payments, trade finance and stock exchange infrastructure

Question(s):

Answer(s):

BOMBASA
Have you had any collaboration with Hyperledger
No with Hyperledger Foundation but with Hyperledger through customers

Question(s):

Gilbert Verdian
No with Hyperledger Foundation but with Hyperledger through customers
Hi Gilbert, with regards to their customers leaving Hyperledger and migrating to Overledger? or building solutions WITH hyperledger to further benefit the client?

Answer(s):

Quamrade (Joleen)
Hi Gilbert, with regards to their customers leaving Hyperledger and migrating to Overledger? or building solutions WITH hyperledger to further benefit the client?
Customers are looking to use Overledger to help the migration from Hyperledger to other technologies or combine hyperledger with other blockchains

Question(s):

There was mention of a Sky News segment a while back. When can we expect an update on this? Thank you.

Answer(s):

Luke
There was mention of a Sky News segment a while back. When can we expect an update on this? Thank you.
We did the final edit with them last week - now its due to go into the schedule. As soon as we know will let you know to watch it

Question(s):

Understanding the timelines and processes for corporate announcements... has there been any developments on the US bank front? Thank you 😊

Answer(s):

Luke
Understanding the timelines and processes for corporate announcements... has there been any developments on the US bank front? Thank you 😊
Yes we have 2 use cases they want us to work together and they're interested in our Enterprise Starter Kit. Follow ups this month

Question(s):

When can we expect an Overledger Dev Hackathon?

Answer(s):

Luke
When can we expect an Overledger Dev Hackathon?
We're working on having a hackathon in Adelaide, Australia in March at the Global Blockchain Summit

Question(s):

Gilbert Verdian
Yes we have 2 use cases they want us to work together and they're interested in our Enterprise Starter Kit. Follow ups this month
Could quant be involved in the security boom many are predicting?


Answer(s):

Wim
yep
We have our partnership with Allianceblock to operate in this space

Question(s):

Hi Gilbert, do we have a firm date for the tokenomics announcement, the details you have been working hard on? thanks

Answer(s):

Guido
Hi Gilbert, do we have a firm date for the tokenomics announcement, the details you have been working hard on? thanks
Yes by the end of this month

Question(s):

Is the website still undergoing changes/updates? Also, are there plans to make it more scalable/user friendly on mobile - there were a few issues brought up with the mobile version. Also, are there any updates on the Overledger.com site you guys were working on?

Answer(s):

Luke
Is the website still undergoing changes/updates? Also, are there plans to make it more scalable/user friendly on mobile - there were a few issues brought up with the mobile version. Also, are there any updates on the Overledger.com site you guys were working on?
Changes are already underway - seen the mobile issue and believe it was resolved. Overledger.com coming in Q1

Question(s):

Gilbert Verdian
Changes are already underway - seen the mobile issue and believe it was resolved. Overledger.com coming in Q1
Ah awesome look forward to it. Will this site house the intro/demo videos you guys were developing - helping people understand and get started with Overledger?

Answer(s):

Luke
Ah awesome look forward to it. Will this site house the intro/demo videos you guys were developing - helping people understand and get started with Overledger?
Yes a lot more focus on the documentation, guides, getting started, videos etc

Question(s):

One Question on my side, since you have some information about the Gateway, will it require to have x amount of QNT to run so? If this is not sorted I completely understand.

Answer(s):

The Eye of QNT never pm 4 funds
One Question on my side, since you have some information about the Gateway, will it require to have x amount of QNT to run so? If this is not sorted I completely understand.
Not completed yet - for 2nd half in 2019

Question(s):

How many technical staff now? How many unfilled tech openings?

Answer(s):

Bill Russell
How many technical staff now? How many unfilled tech openings?
we have 11 technical staff and no unfilled roles now. In a good place for what we need to do

Question(s):

can overledger be used to extend the security strengh of bitcoin to other blockchains ecosystems

Answer(s):

sean
can overledger be used to extend the security strengh of bitcoin to other blockchains ecosystems
Yes we protect the underlying chains

Question(s):

From my understanding, the current SDK package only allows you to develop Mapps upon the connectors you have implemented. I understand you are looking to open up the ability for the public to create their own connectors? When can we expect this? Thanks

Answer(s):

Luke
From my understanding, the current SDK package only allows you to develop Mapps upon the connectors you have implemented. I understand you are looking to open up the ability for the public to create their own connectors? When can we expect this? Thanks
These will all be published over the next 3 months on our github

Question(s):

how many mapps are in developement by Quant and third parties

Answer(s):

sean
how many mapps are in developement by Quant and third parties
We now have 84 organisations registered as Developers in our Developer portal. Plus a few software development companies using Overledger for their customers

Question(s):

Does quant have any connection with hashgraph? Or even heard of it?

Answer(s):

Maiky D
Does quant have any connection with hashgraph? Or even heard of it?
Yes we like the technology. If customers or the community wants we can integrate it with Overledger. Our priority is Corda next.

Question(s):

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):

Luke
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?
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

Question(s):

Information / Announcement

Answer(s):

We're coming to the end of the hour for final questions. Moving forward I want to have the AMAs every 2 weeks to help us spread it out and deliver what we set out to achieve

Question(s):

will the treaty contract be able to execute autonomously from data from iot devices (oracle)

Answer(s):

sean
will the treaty contract be able to execute autonomously from data from iot devices (oracle)
Treaty contracts bring smart contract capabilities to blockchains that don't support smart contracts. We've had a huge breakthrough with this and can't wait to release it

Question(s):

Information / Announcement

Answer(s):

Thank you all for your time and fantastic questions. Love our discussions and seeing how much you support us. We very much value all of your feedback and discussions!!

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