QUANT NETWORK AMA: 15 APR 2019

QUANT NETWORK

AMA

ASK ME ANYTHING

15‑APR‑2019

TELEGRAM ‑ 4 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):

What has the team been up to for the last few weeks? Any highlights or experiences you want to share? Thanks.

Answer(s):

We had a great week in NY. Lot's to update everyone on our meetings plus the Managing Director of Rockefeller Capital joined our Board of Directors.

Question(s):

Awesome, thanks. Very exciting to see Guy Dietrich join the Board at Quant. Who else is on the Board of Directors? You mentioned Guy would help with US expansion, can you elaborate on this, will his personal connections be leveraged or are you planning on expanding with a large US partner?

Answer(s):

We're doing our planning for the US. There's a lot of activity which can't discuss openly at present.

Question(s):

Overledger has been described as not only connecting DLT to DLT, but also interconnecting existing legacy systems. Can you gives us an example of a connection of this nature? Does this extend to connecting existing legacy systems to each other, without the need for a DLT bridge?

Answer(s):

We already have interconnectivity to legacy enterprise systems and platforms. This includes things like APIs, Databases, Finance, CRM systesm and specific protocols eg in Healthcare. Overledger is agnostic and can easily interconnect with enterprise systems which we add as clients request it.

Answer(s):

We believe the use cases for Interoperability are much wider than in "crypto". We think bigger than a single specific industry. Our take is blockchain interoperability is much more important for Enterprise as it allows them to innovate and integrate DLTs into their solutions and products used by millions of their customers. The crypto/currency side is a small use case in reality.

Gilbert Verdian
We believe the use cases for Interoperability are much wider than in "crypto". We think bigger than a single specific industry. Our take is blockchain interoperability is much more important for Enterprise as it allows them to innovate and integrate DLTs into their solutions and products used by millions of their customers. The crypto/currency side is a small use case in reality.
And no we haven't reached out to Cardano

Question(s):

How does the full enterprise version of Overledger differ from the public version, which is still an alpha release and soon to transition to beta according to JP?

Answer(s):

The community version is live and going through usual updates and interations. The enterpise version shares the community foundation but focused for enterprise.

Question(s):

Can we expect an updated Roadmap at all? Or will you aim to stay flexible to serve client needs?

Answer(s):

We have published our roadmap and updated roadmaps since last year and hit and over achieved all our milestons. This hasn't changed. Corporates don't publish upcoming products . Think Apple, does anyone really know when the next iphone/ipad or new product will be released? We don't see the benefit of constantly repeating the same things that's already public. What's new and released you'll hear it first from our official channels (Blog, Linkedin and Twitter).

Question(s):

You had mentioned that a new Head of Marketing and Communications was being brought on team. Are there any updates on this front? Thanks.

Answer(s):

Sure, lots of activity in marketing and comms and you should have seen an uptake in our approach and engagement. We're ramping this up and working hard on this.

Question(s):

You mentioned you guys had been in discussions with UK's Biggest Logistics Company a few months back. Is this Supply Chain angle likely to produce a new product similar to Atlas? Or will the development be left up to the individual logistics companies?

Answer(s):

Yes definitely, supply chain is a big sector for us. There's a few new things we haven't discussed yet that are specifically in supply chain, one was from the trip in Korea and the other is in sustainability which are huge cases that we're part of.

Question(s):

Awesome thanks Gilbert. Leading on from this slightly, are there any updates on the Atlantic Power Exchange?

Answer(s):

Atlantic are working on the smart metering integration currently to exchange power blocks between networks. We're excited where it's heading as it's currently for the Australian market but it has the potential to be implemented in Europe and other countries too. They're progressing nicely and have energy companies interested.

Question(s):

Very cool, thanks for the insight. What was the driving factor behind the decision to create a separate product - Quant Atlas?

Answer(s):

That's been the approach with Overledger, built the platform and then build the products on top. Atlas is a response to market need and a unique solution that helps shape Open Banking. Most countries now are following the UK and EU and starting to implement open banking all around the world.

Question(s):

Okay cool, thanks! Will the open banking pilot with Data61 in Australia utilise the Red Belly chain, or is Red Belly still too early to be used in live testing?

Answer(s):

Red Belly is experimental and not widely released by Data61 or the University that developed it yet. We've seen the papers and code early on. As soon as it is ready for public release, we'll integrate it for use for our clients.

Question(s):

Thanks for that. Dr. Lee Braine (CTO at Barclays) wants blockchains to talk, in a way similar to Overledger's approach. Do you have any plans to showcase your product to Barclays through Techstars?

Answer(s):

We have spoken to many banks who want the same outcome. We can't comment on specific clients yet but we do have banks as registered organisations in our developer portal and have had for a while.

Question(s):

Thank you. Now that the majority of Enterprise DLT connectors are under development for Overledger. What plans do you have for upcoming connections? Will it be more focused on public chains? If so, is there a specific plan for these?

Answer(s):

Right now we have covered most DLTs that enterprise use. There are a few more in our Labs that will be published to our github shortly. To us the internal and public DLTs are no different and you can use public chains

Question(s):

Awesome, thanks. What kind of relations; advantages, benefits, handi-caps, or issues may arise between DAG´s and Overledger integration?

Answer(s):

We haven't encountered an issue from a DAG connecting to Overledger. We proved the functionality with IOTA and will easily onboard other DAGs as requested by the community or clients.

Question(s):

Great, thanks. You have mentioned before, that the covergence of AI and DLT is a big area of interest for you. Could you explain the vision you have of the the two coming together? How would this fit into Overledger? A separate product sitting on top again?

Answer(s):

We've spoken to a lot of AI companies who need access to datasets to improve the accuracy of their algorithms and machine learning. Some, like Ocean or Fetch are tokenising data to monetise learning or data. Our view is that we can interconnect vast data economies to help facilitate access to much more data for AI to be even more accurate.

Question(s):

Gilbert Verdian
We've spoken to a lot of AI companies who need access to datasets to improve the accuracy of their algorithms and machine learning. Some, like Ocean or Fetch are tokenising data to monetise learning or data. Our view is that we can interconnect vast data economies to help facilitate access to much more data for AI to be even more accurate.
Interesting, do you see Overledger potentially playing a role in self-driving cars in the future? Would allow for easy communication.

Answer(s):

deloitte_cn_consumer_blockchain_5883114230600695985.pdf
That's exactly the reason why we have joined MOBI to help provide interoperability between vehicles, networks and the data that needs to be transacted. The MOBI meeting in Munich at BMW that we went to was eye opening on how much demand for blockchain technology exists in that sector. Good paper to read: https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/consumer-business/deloitte-cn-consumer-blockchain-in-the-automotive-industry-en-180809.pdf

42% of Automotive companies are planning on spending over $5m in the coming year on blockchain.

Question(s):

Great stuff, thanks Gilbert, we'll read through the paper. If you could dream a little, what would you love to build upon Overledger? Much of what Quant is doing is client led. What vision does the team have not based on client needs but their own interest? You have mentioned a few before, DEX, Internet run on blockchains etc. Are there any more longer term 'dreams' floating around?

Answer(s):

We've covered what we call our Possibilities. We've demonstrated D-Commerce (decentralised commerce), Distributed Search, Distributed messaging and voting. There's a lot of what's possible and it's really enterprise-led. There's so much innovation in the market today and it's just getting started to transform industries. It's an exciting time to be in this space.

Question(s):

Very cool, look forward to seeing this innovation grow over the years. A community member brought up a potential use case via the NFTS solution by Airbus. With existing open networks like this, is there room for Overledger to improve upon it? With millitary solutions, does this create large amount of red tape with proposing possible solutions? "Network for the Sky (NFTS) securely and reliably connects all your airborne assets together with the rest of your operations, giving you the communications superiority to execute the mission more efficiently and effectively. Delivering as one." https://www.nfts.airbus.com/

Answer(s):

Blockchain technology provides a trusted network to transact with people you don't know and can't trust. Think suppliers, 3rd parties, external companies, regulators etc. They are all stakeholders in your business process and network. This includes sensitive networks that rely on trust to oeprate safely. Critital Infrastructure, government and military, industrial networks, payment networks are all timely for transformation.

Question(s):

Thanks Gilbert. We were very excited to see the Hyperledger Quilt team in the offices and working with you on a Interoperability. With the nature of the Hyperledger Foundation being open-sourced technology, how does Overledger fit into this? If at all?

Answer(s):

Our technology's frontend SDKs and connectors are open source. Look out for some updates on Quilt. The first iteration of Quilt was limiting to only solve a particular payment/atomic swap use case using Interledger. The future Quilt project will be much broader.

Question(s):

Awesome, look forward to more on that. We see 33 mApps mentioned on your developer portal, how is this reconciled with the 187 organisations working with you? Is the bulk of the development happening on hybrid versions of Overledger or 187 was simply the registered institutions?

Answer(s):

The number is a bit more now. We have all of those as registered organisations who are active in our developer portal. Each organisation is working on different mApps with some organisations as large software houses who develop mApps for their clients. There's a lot more happening in the background that's not public.

Question(s):

Awesome, thanks for clearing that up, very exciting. Thanks for your time Gilbert, we do appreciate the generous communication. Before you sign off, is there any updates or comments you want to share with us?

Answer(s):

Thank you all for your questions and time. Keep looking out for what we publish on our official channels.

We also note a behaviour coming from certain few from the community and social media which is a bit concering. We have been very engaging and open with our community but in the last couple of months we've had some worrying trends of people contacting us with a fake company and webpage pretending to be a client interested in our technology which when we engage turn out to a be a way to get more info and insights on what we're working on and with which clients. This was also the case contact us for a potential job to understand more about clients, engagements etc. This is just not acceptable to us anymore.

This type of mentality and behaviour is not professional and frankly a waste of our time. We're going to change our approach from now on to align more to our corporate backgrounds.

Thank you all for your time. Hope you have a good week. Chat to you all in the next AMA!

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