QUANT NETWORK AMA: 24 SEPT 2018

QUANT NETWORK

AMA

ASK ME ANYTHING

24‑SEPT‑2018

TELEGRAM ‑ 9 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):

[10:16:51] Serieus Profits: Q for AMA: SDK release in on Sunday, will we see things revealed by then? Like partners which are signed 3/4 months ago which we still do not have any details about? As well as the 3 lined up exchanges, is one of them short term, like weeks away? Thnx, for the great work.

Answer(s):


There's a quite a few in our pipeline which is commercially sensitive. We'll announce what we can. There should an announcement in the next couple of weeks with a bank's technology we're going to work with.

Question(s):

Q for AMA: Can we expect more exchanges in September except LAToken ?

Answer(s):

HassQuant
Q for AMA: Can we expect more exchanges in September except LAToken ?
So in the next 6 days, no.

Quant Network
So in the next 6 days, no.
We said we'll start with exchanges by the end of September and we've delivered on that promise.

Question(s):

AMA questions: how will we build out the ‘mapp developer’ ecosystem - in terms of ensuring many quality developers are geared-up? Follow on: are large integrators like IBM, Microsoft, Infosys considering the ecosystem too? (As opposed to smaller, boutique developers). Thanks.

Answer(s):

DigitalEgg
AMA questions: how will we build out the ‘mapp developer’ ecosystem - in terms of ensuring many quality developers are geared-up? Follow on: are large integrators like IBM, Microsoft, Infosys considering the ecosystem too? (As opposed to smaller, boutique developers). Thanks.
We're talking to partner companies as we speak. Partners as in consultancies and system integrators (not partners which are clients). We're doing a big push to our partners to start taking our technology to their customers. We've met with Cognizant, DXC. In the recent weeks we met with Samsung who are interested in doing this. Also, we're starting the engagements with the developer and technical community to hold regular meetups - the first one starting on November 20 in London. We're then going to hold an annual Quant conference in September every year - We're thinking of calling it QuantX.

Question(s):

Quant Network
We're talking to partner companies as we speak. Partners as in consultancies and system integrators (not partners which are clients). We're doing a big push to our partners to start taking our technology to their customers. We've met with Cognizant, DXC. In the recent weeks we met with Samsung who are interested in doing this. Also, we're starting the engagements with the developer and technical community to hold regular meetups - the first one starting on November 20 in London. We're then going to hold an annual Quant conference in September every year - We're thinking of calling it QuantX.
Thanks. Are you considering an official partnership program with platinum, gold, silver status - like they all have for their partners for other products/services? You could template the on-boarding to fast-track more integrators, and align resources more easily, by status?

Answer(s):

DigitalEgg
Thanks. Are you considering an official partnership program with platinum, gold, silver status - like they all have for their partners for other products/services? You could template the on-boarding to fast-track more integrators, and align resources more easily, by status?
Yes, we're a technology company and will have different channel, reseller and integrator partner levels. Think of us like Oracle, producing the technology and delivering it through partners.

Question(s):

Umm..also Quant team was going to pick one lucky telegram member to attend the London blockchain event??

AJ
Umm..also Quant team was going to pick one lucky telegram member to attend the London blockchain event??
That would be me 😁😁

Answer(s):

AJ
Umm..also Quant team was going to pick one lucky telegram member to attend the London blockchain event??
Yep we have invited someone to be our guest on Wedensday. He came up with the goods and emailed us on time.

Question(s):

"Also, Quant is a member of CV labs? Does this imply coworking or incubation?"

Answer(s):

Luke
"Also, Quant is a member of CV labs? Does this imply coworking or incubation?"
No we're not incubated in CV Labs - we just have our office there

Question(s):

@Quant_Network_Official Any developments with the Partnership with JBI China?

Answer(s):

Timmy
@Quant_Network_Official Any developments with the Partnership with JBI China?
Still ongoing on this one.

Question(s):

"MeetTheQuant" "Quant Meets You" "Meeting the Quants"

Answer(s):

Serieus Profits
"MeetTheQuant" "Quant Meets You" "Meeting the Quants"
You can meet the Quant team at conferences and events we're at. We have our black Quant shirts with the new logo. First one is Blockchain Live on Wednesday

Question(s):

"Could someone please ask for roadmap updates for October onwards? I feel that there's a bit of a wall up on the 30th that we're not looking past, and would like to hear about developments going forwards past that date. Initial SDK release is a relatively small part of Quant's proposed development, so I'd be interested to know what the next steps are?"

Answer(s):

Luke
"Could someone please ask for roadmap updates for October onwards? I feel that there's a bit of a wall up on the 30th that we're not looking past, and would like to hear about developments going forwards past that date. Initial SDK release is a relatively small part of Quant's proposed development, so I'd be interested to know what the next steps are?"
Yes we'll publish the updated roadmap. The old one was done at the end of 2017 before the TGE with the assumptions from back then. We've updated our milestones to reflect what's happended post TGE. Our next big milestone is our MApp Store for the 1st half of 2019.

Question(s):

Any plan to develop asian awareness (China, Korea, Japan…) on Quant Network project?

Answer(s):

Krakenified
Any plan to develop asian awareness (China, Korea, Japan…) on Quant Network project?
We met a team from China and Korea this morning at Barclays Rise in Shoreditch. We're working on it

Question(s):

Answer(s):

Luke
"Any update on the GLBC MoU Signing?"
It's signed and we're making announcements this week

Question(s):

GoVerify uses the token or it’s just a Quant Network product?

Answer(s):

tiago
GoVerify uses the token or it’s just a Quant Network product?
GoVerify will use Overledger. As explained it was built before Overledger, in 2010, and we're migrating it the platform after the SDK was released.

Question(s):

Answer(s):

Daniel
when are private sale tokens unlocking?
Private sale tokens are not locked. Only the team's (staff, founders) tokens are locked in line with regulation until 30th April 2019.

Question(s):

Last AMA, you were working further on the tokenomics of QNT. Be great to know the high level “flow” of how purchases work within the Mapp ecosystem. Could you please outline a basic use case, say in 5-6 steps? High level? e.g. 1. Client pays developer for a solution in any currency, 2. Developer uses QNT to access Mapp ecosystem etc etc...

Answer(s):

DigitalEgg
Last AMA, you were working further on the tokenomics of QNT. Be great to know the high level “flow” of how purchases work within the Mapp ecosystem. Could you please outline a basic use case, say in 5-6 steps? High level? e.g. 1. Client pays developer for a solution in any currency, 2. Developer uses QNT to access Mapp ecosystem etc etc...
Thank you Robin, we will bring out more detailed guides on this closer to the MApp Store milestone.

Question(s):

Any plans to join the interoperability alliance with Icon, Aion and Wanchain?

Answer(s):

Daniel
Any plans to join the interoperability alliance with Icon, Aion and Wanchain?
No, we've discussed this numerous times. We don't see the benefit. We're working on Interoperability at the international ISO level with 47 countries working on it together in TC307.

Question(s):

What kind of relationship is Quant Network having with PWC Swiss?

Answer(s):

Krakenified
What kind of relationship is Quant Network having with PWC Swiss?
None at the moment.

Question(s):

New question: I’m seeing more chains move away from ETH into their own proprietary chains. These folks would be good candidates for any-to-any connections use case. Are you making it easy for them to develop their own connectors based on existing code/SDKs that you own? Or is it more about leveraging “standard connectors” that you’ve already created and tested e.g. Bitcoin <> XRP. ?

Answer(s):

DigitalEgg
New question: I’m seeing more chains move away from ETH into their own proprietary chains. These folks would be good candidates for any-to-any connections use case. Are you making it easy for them to develop their own connectors based on existing code/SDKs that you own? Or is it more about leveraging “standard connectors” that you’ve already created and tested e.g. Bitcoin <> XRP. ?
We will release the 4 connectors we've already connected, then open sources the connectors and the Standard for people to create their own connectors too.

Question(s):

Quant Network
We will release the 4 connectors we've already connected, then open sources the connectors and the Standard for people to create their own connectors too.
Just remind us what the 4 are again please? Thanks

Answer(s):

DigitalEgg
Just remind us what the 4 are again please? Thanks
Bitcoin, Ethereum, Ripple and Hyperledger

The Eye of QNT -NEVER PM FOR FUNDS-
Bitcoin, Ethereum, Ripple and Hyperledger
Yes these 4 - plus we did IOTA last week and just getting that production ready shortly. Colin tweeted about it over the weekend.

Answer(s):

Deleted Account
Is QNT an erc-20?
Yes it is, but that's irrelevant. We're agnostic. The token could have been anything really. We chose ERC-20 due to the usage size and number of users.

Question(s):

so one client, a bank will be released more details about soon? Nice finally. Also @loucineh told us 3/4/5 months ago that you signed more than one fortune 500 company's and details would be there around September, this changed I quess

Answer(s):

Serieus Profits
so one client, a bank will be released more details about soon? Nice finally. Also @loucineh told us 3/4/5 months ago that you signed more than one fortune 500 company's and details would be there around September, this changed I quess
Not changed, we're just working on timings. You know working in corporates, things take time and processes are long.

Question(s):

Is XRP in the pipeline too? You’ll obviously have the banks/financial side covered too then?

DigitalEgg
Is XRP in the pipeline too? You’ll obviously have the banks/financial side covered too then?
Ripple is already connected.

Answer(s):

DigitalEgg
Is XRP in the pipeline too? You’ll obviously have the banks/financial side covered too then?
We're going to look at Corda next. That will cover most of the tech used

Question(s):

@Quant_Network_Official just want to say you guys are doing a truly phenomenal job, and the passion you guys have is being reflected in the rapid fire results you are achieving. You should be proud.

Answer(s):

Cyrus T
@Quant_Network_Official just want to say you guys are doing a truly phenomenal job, and the passion you guys have is being reflected in the rapid fire results you are achieving. You should be proud.
Thank you!! We all love what we're doing!! It shows 🙂

Question(s):

Does the team intend to hold some of the team tokens longer term like Ripple did or its all among individuals.

Answer(s):

Deleted Account
Does the team intend to hold some of the team tokens longer term like Ripple did or its all among individuals.
Our individual tokens are locked until 30 April 2019. The company has a reserve which we can use now for exchanges, liquidity or clients. It's all in the business paper.

Question(s):

People question: you’re all really busy, lots of traveling; so how’s the team doing? Any new starters etc?

Answer(s):

DigitalEgg
People question: you’re all really busy, lots of traveling; so how’s the team doing? Any new starters etc?
We're doing well as a team. We interviewing more people for the Swiss office and hopesfully they should start in October/November. One of the candidates is from eBay and the other is from banking. Plus next Friday evening we're going to do a celebratory drinks thing for the SDK milestone.

Question(s):

What is the biggest challenge you see for you guys in the coming months - tech wise, people wise, business wise etc.?

Answer(s):

Luke
What is the biggest challenge you see for you guys in the coming months - tech wise, people wise, business wise etc.?
In reality, its getting distracted on the wrong things. We've been laser focused on the SDK and then we'll be laser focused on the MApp Store. We're going to be doing a whole lot more client engagements and will have a new starter in October in London who'll lead our client facing engagements.

Question(s):

What are you most excited about in the coming months for the project?

Answer(s):

dpol lopd
What are you most excited about in the coming months for the project?
We're excited to be able to see our technology live and working in client environments and get the great ideas from the community to what they're going to build on Overledger. One thing that I personally like is the intersection of AI and Blockchain. Last week we met a company in our office called AI Nexus. They have the AI algorithms, we have the platform and data. We're going to partner to create a true distributed AI on Overledger. Had this vision back in 2009 and it's going to be reality!

Question(s):

Quant Network
We're excited to be able to see our technology live and working in client environments and get the great ideas from the community to what they're going to build on Overledger. One thing that I personally like is the intersection of AI and Blockchain. Last week we met a company in our office called AI Nexus. They have the AI algorithms, we have the platform and data. We're going to partner to create a true distributed AI on Overledger. Had this vision back in 2009 and it's going to be reality!
Sounds awesome.. what use cases would this help realize? Couple of basic examples to whet the appetite maybe?

Answer(s):

DigitalEgg
Sounds awesome.. what use cases would this help realize? Couple of basic examples to whet the appetite maybe?
Here's some use cases we're talking to banks with

DigitalEgg
Sounds awesome.. what use cases would this help realize? Couple of basic examples to whet the appetite maybe?

Question(s):

We all do ongoing research across multiple projects, watch tons of videos, read WPs etc; is there anything that we can help with? Any specific topics we can make our excellent Admins aware of - and pass along?

Answer(s):

DigitalEgg
We all do ongoing research across multiple projects, watch tons of videos, read WPs etc; is there anything that we can help with? Any specific topics we can make our excellent Admins aware of - and pass along?
Thank you Robin. We actively list to the community and follow through on the ideas and suggestions. The Legal blockchain consortium we joined was a suggestion from here!

Question(s):

Question from my side, So the new roadmap is coming up shortly. We as a community, what can we expect from the months after September, any things that are planned for releases in October ?

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
Question from my side, So the new roadmap is coming up shortly. We as a community, what can we expect from the months after September, any things that are planned for releases in October ?
The major milestone is the SDK at the end of September. We're then have a sequence of releases related to the SDK including connectors, documentation and the APIs will be opened up. In parallel we should be on 2 exchanges by end of December, possibly 3.

Question(s):

next exchanges are in December? Is this a date, or up to? 🙂

Serieus Profits
next exchanges are in December? Is this a date, or up to? 🙂
He said leading up to December.

Answer(s):

Deleted Account
He said leading up to December.
3 leading up to December. Can't confirm concrete dates

Question(s):

How will you make sure that the community created connectors are secure and legit?

Answer(s):

Jecherio
How will you make sure that the community created connectors are secure and legit?
We have security controls built into Overledger to stop bad traffic and misuse. Whatever is built by the community, will need to be checked and approved by us before integrating into Overledger. We're going to publish a set of standards to provide the guidelines.

Question(s):

So there are no plans to create more of your own connectors of your own ?

Answer(s):

Jecherio
So there are no plans to create more of your own connectors of your own ?
We will create our own based on market/client demand plus integrate what the community develops

Question(s):

People are so scheptic and that will all shut tthem 🙂

Answer(s):

Serieus Profits
People are so scheptic and that will all shut tthem 🙂
We know. We follow tweets, reddit, 4chan etc... 🙂

Question(s):

Quant Network
We have security controls built into Overledger to stop bad traffic and misuse. Whatever is built by the community, will need to be checked and approved by us before integrating into Overledger. We're going to publish a set of standards to provide the guidelines.
I see. So it's a bit like the apple Eco system?

Answer(s):

Question(s):

@Quant_Network_Official Any involvement with Matrix AI?

Answer(s):

Timmy
@Quant_Network_Official Any involvement with Matrix AI?
No not at this stage

Question(s):

So following weeks we may have an announcement about a Bank that will use Quant ?

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
So following weeks we may have an announcement about a Bank that will use Quant ?
Hope so, or it can take longer. We respect the needs of clients

Question(s):

Quant Network
We will create our own based on market/client demand plus integrate what the community develops
Is there any plans for competitions or an incentive of sorts for the development of connectors?

Answer(s):

Jecherio
Is there any plans for competitions or an incentive of sorts for the development of connectors?
We will be holding hackathons. Mentioned we plan to work with Techstars to hold these jointly in various cities around the world. Idea is to come up with new ideas and MApps on Overledger

Question(s):

I have to say, as a long holder and follower of QNT I have been very patient. I am happy we are getting close to the public stuff. Well done team.

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
I have to say, as a long holder and follower of QNT I have been very patient. I am happy we are getting close to the public stuff. Well done team.
👍 thank you. Appreciate it!

Question(s):

How’s the Health segment of the business going since last time? Do you prefer any specific segment to another?

Answer(s):

DigitalEgg
How’s the Health segment of the business going since last time? Do you prefer any specific segment to another?
Going well, we're progressing on the engagements to start them by the end of the year. We're also developing some thought leadership in the healthcare space on how our technology solves clinical challenges.

Question(s):

how does an enterprise business connect their network to the quant overledger? Will it be just via the internet or private wires

Answer(s):

Daniel
how does an enterprise business connect their network to the quant overledger? Will it be just via the internet or private wires
No we're not building physical infrastructure or networks for people to connect into. It will all be through the internet. The alpha APIs will be distributed on AWS initially until we moved them to be hyper-distributed across the various blockchains. That's a 2019 task.

Question(s):

One question, for example a partner/client you work with could give you a green light to announce a partnership anytime. Could that happen? That we don't even know and get one out of nowhere ?

Answer(s):

Serieus Profits
One question, for example a partner/client you work with could give you a green light to announce a partnership anytime. Could that happen? That we don't even know and get one out of nowhere ?
We'll announce what we can when it happens. Can't set concrete dates unfortunately.

Question(s):

AMA: do you think one day that Qaunt Network could ever be a serious acquisition target from AWS, Microsoft, IBM? Not trying to be clever here or pump anything; it’s just that ‘first mover advantage’ in technology often attracts such advances. Do you guys plan on really building out the company further, like 2020 and far beyond?

Answer(s):

DigitalEgg
AMA: do you think one day that Qaunt Network could ever be a serious acquisition target from AWS, Microsoft, IBM? Not trying to be clever here or pump anything; it’s just that ‘first mover advantage’ in technology often attracts such advances. Do you guys plan on really building out the company further, like 2020 and far beyond?
We've already had a large fortune 100 company talk about an acquisition. We're not interested in that now. We want to build good technology to give enterprises and developers choice to benefit from blockchain technology. We've got a long term view of what we're doing. Our work now is laying the foundations for the Internet of Trust. We're going to see that through. A trusted internet that allows for trusted transactions of value between any two parties.

Question(s):

Has there been any progress made with the tokenomics?

Answer(s):


Quant Network
Photo
We're working on it and can release more closer to the MApp Store milestone. We're having a flexible approach so all the use-cases and scenarios can be catered for.

Question(s):

AMA: once a client starts using a connector successfully; it’s not going to be very easy for them to ‘stop’ using it is it. Since the alternative is a costly, lengthy dev type project. So repeat business should be really high, year after year. Marketers call it “customer lock-in”. Is this also a risk? Any thoughts on this please?Thanks.

Answer(s):

DigitalEgg
AMA: once a client starts using a connector successfully; it’s not going to be very easy for them to ‘stop’ using it is it. Since the alternative is a costly, lengthy dev type project. So repeat business should be really high, year after year. Marketers call it “customer lock-in”. Is this also a risk? Any thoughts on this please?Thanks.
We are quite "sticky" once you integrate Quant you won't want to go back to the dark days before Quant!

Quant Network
We are quite "sticky" once you integrate Quant you won't want to go back to the dark days before Quant!
We're an integration layer that gives enterprises and developers choice so they're not stuck and tied to any single blockchain technology.

Question(s):

@Quant_Network_Official Are there any common synergies with what NYSE & Bakkt are doing?

Answer(s):

Timmy
@Quant_Network_Official Are there any common synergies with what NYSE & Bakkt are doing?
Not with us currently. We've had quite a few discussions with potential clients to create a Distributed Exchange or Digital Bank on top of Overledger.

Question(s):

Quant Network
Not with us currently. We've had quite a few discussions with potential clients to create a Distributed Exchange or Digital Bank on top of Overledger.
Awesome 👍🏼 Is this the same bank we could hear about in a couple of weeks?

Answer(s):

Timmy
Awesome 👍🏼 Is this the same bank we could hear about in a couple of weeks?
No completely different.

Question(s):

When are we going to see a website update regarding new content, especially advisors, partners, ISO, etc...? Thanks in advance

Answer(s):

synthwave_man
When are we going to see a website update regarding new content, especially advisors, partners, ISO, etc...? Thanks in advance
To me honest no. We've moved well away from what crypto companies do. Listing any partner, advisor etc. We did it late last year and have moved on to a proper corporate branding.

Quant Network
To me honest no. We've moved well away from what crypto companies do. Listing any partner, advisor etc. We did it late last year and have moved on to a proper corporate branding.
We'll add coporate content which has more substance regularly.

synthwave_man
When are we going to see a website update regarding new content, especially advisors, partners, ISO, etc...? Thanks in advance
we will have a lot more added this week but also on a regular basis.

Answer(s):

Question(s):

Information / Announcement

Answer(s):

Also, you may have noticed Andrew Retmanski has changed his linkedin as becoming available in October. He was our lead developer on Sentry. He didn't work on Overledger during his time. He's completed his work and Sentry is done, so he's moving on to another project elsewhere.

Question(s):

Quant Network
Also, you may have noticed Andrew Retmanski has changed his linkedin as becoming available in October. He was our lead developer on Sentry. He didn't work on Overledger during his time. He's completed his work and Sentry is done, so he's moving on to another project elsewhere.
Wish him the best !

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
Wish him the best !
Thank you will do. He did such a good job on Sentry. Especially during the TGE when it had a heavy load

Question(s):

Quant Network
Thank you will do. He did such a good job on Sentry. Especially during the TGE when it had a heavy load
Cross chain transactions will be live on Sept 30?

Answer(s):

Quant Smith
Cross chain transactions will be live on Sept 30?
Almost, once we open up the APIs, connectors etc after the SDK release.

Question(s):

Information / Announcement

Answer(s):

And final point. Etherscan update is done. They can't change the total supply of 45,467,000 QNT. This is what is immutable in the smart contract showing the maximum of what could have been minted during the TGE. They have helped and added the banner message to show the token burn details and the actual supply.

Coinmarketcap is taking a bit longer. We've been talking to them through their ticket support system for the last 3 weeks. Hopefully that should be updated and sorted by the end of this week.

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