QUANT NETWORK AMA: 27 APR 2018

QUANT NETWORK

AMA

ASK ME ANYTHING

27‑APR‑2018

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):

I got a question for Gilbert, do you compare Quant to Icon in a way?

Answer(s):

Diego
I got a question for Gilbert, do you compare Quant to Icon in a way?
No, Icon, AION-1, Cosmos, Oneledger, Polkadot, etc are all interoperabiltiy blockchains. They're adding additional complexity and overhead by having a blockchain on top of another blockchain. We don't do that

Question(s):

Gilbert Verdian
No, Icon, AION-1, Cosmos, Oneledger, Polkadot, etc are all interoperabiltiy blockchains. They're adding additional complexity and overhead by having a blockchain on top of another blockchain. We don't do that
Well said! But do you see them as competitors? In relation to getting partnerships for example

Answer(s):

Diego
Well said! But do you see them as competitors? In relation to getting partnerships for example
No they're not competing against us. They're complementing what we do. We're operating at the Layer 7 (application layer) of the stack and they're operating at the network layer (2/3)

Gilbert Verdian
No they're not competing against us. They're complementing what we do. We're operating at the Layer 7 (application layer) of the stack and they're operating at the network layer (2/3)

Question(s):

I'm curious what kind of methodology you guy's use. Meaning development in Waterfall or Agile? I'm hoping for Agile way of working

Answer(s):

Cryptorob
I'm curious what kind of methodology you guy's use. Meaning development in Waterfall or Agile? I'm hoping for Agile way of working
We're mainly Agile for larger Infrastructure we're using Waterfall based on our enterprise experience

Question(s):

Hi, you mention in the WP and AMA 'connect blockchain to internet'. Can you cexpand on the ability of OL to enable mApps to use internet resources, protocols, data etc...i.e. how OL will allow for mApps not to be limited to blockchain?

Answer(s):

RayCu
Hi, you mention in the WP and AMA 'connect blockchain to internet'. Can you cexpand on the ability of OL to enable mApps to use internet resources, protocols, data etc...i.e. how OL will allow for mApps not to be limited to blockchain?
This is something we're starting to tackle

You'll be able to do the following through Overledger: 64.233.14.3 (IP) <-------> 2001:0db8:85a3:0000:0000:8a2e:0370:7334 (QIP)

so when you're transferring value/data you can write directly to the destination wallet/node on the differrent blockchains

Question(s):

Allowing apps to treat IP and QIPs in a similar way?

Answer(s):

Question(s):

Jeez...this is a whole new reason to get excited about Overledger 😀

Answer(s):


Have to state we've started talks with Cisco to look at building this into their Swtiches to change the internet fabric to have routing to blockchains

Question(s):

Gilbert Verdian
🙂 we're excited about our vision and roadmap to achieve it
I'm very curious, how are you going to take care of the marketing? I'm fulltime in ico comunities and blockchain groups, and Overledger has no hype yet. The project is the very best we can all agree on. But for investors, creating hype or good marketing around the project is more important than the project sadly but true. I'm curious on your look at this Gilbert. In the end we need everyone talking about Quant to spread the word out there. That way also partners are more likely to step in

Answer(s):


We're building a foundational technology that has the potential to make much more of an impact than a cryptocoin.

We're tackling marketing at more professional approach the same way we have done it corporates in our careers.

we have one of the best corporate PR firms working with us in washington and starting to get more press coverage in papers, online and tv... all coming up

eg the next thing we'll be in the NY Times in the next couple of weeks, also Politico and then tv interviews lining up.

So we're not heavy on the Crypto-hype but focused on the traditional media.

Hi Diego, Just want to echo what Gilbert is saying. I head up the Public Affairs at Quant and we have a pretty robust PR and Marketing plan that we are in the midst of executing. You will hear a lot more about us and what we’re doing. As Gilbert mentioned, it will be more traditional approach - we will still engage with influencers our community and reputable crypto outlets but we are also speaking with top tier media. And yes - we have Gilbert lined up to speak to some major news outlets including TV.

Question(s):

Ok now I'm even more excited, such a professional approach

Answer(s):

Diego
Ok now I'm even more excited, such a professional approach
Thank you! I don't know any other blockchain technology company that has been in the New Scientist, NY Times, Nasdaq like we have

Question(s):

Thanks. OK....2nd question...does it seem from your work on the ISO that Overledger will embody best practice blockchain features and practices and therefore be an attractive option for anyone seeking to develop in compliance with the ISO?

Answer(s):

Yes definitely, we're shaping the Standard. The whole ethos behind it is to Open up proprietary technologies and networks to give Enterprise choice and flexibility

Question(s):

Hi, I saw in the blockchain brad video you mentioned that you might not be going into exchanges at first? Can you expand on this?

Answer(s):

Talisman ??
Hi, I saw in the blockchain brad video you mentioned that you might not be going into exchanges at first? Can you expand on this?
We are exploring it in line with regulation requirements. Our focus is to build our technology. Having said that we have been approached by 5 exchanges in the last 2 weeks which we're exploring

Question(s):

Gilbert Verdian
We are exploring it in line with regulation requirements. Our focus is to build our technology. Having said that we have been approached by 5 exchanges in the last 2 weeks which we're exploring
Ok thanks, really excited about this project

Will you be implementing wallets short after the tokens are realised?

Answer(s):

No, QNT tokens are ERC20 tokens you can add to your own ERC20-compatible wallets

Question(s):

Very excited about OL. When I first read about Cosmos around this time last year it seemed like there was a better way to facilitate interoperability. Supremely impressed with how you’re tackling the problem.
S C
Very excited about OL. When I first read about Cosmos around this time last year it seemed like there was a better way to facilitate interoperability. Supremely impressed with how you’re tackling the problem.
Thank you! We're doing in a very unique way which is internet-scalable and demanded by our Enterprise customers which is what our patent is on.

Question(s):

Speaking of enterprise customers...one of the things that I like about your approach vs that of other blockchain projects is that you work with existing enterprise rather than claim that blockchain will sweep in and replace everything that exists now. One of the best points you make is re HSBC's multi billion $$ systems that aren't going to change in order to accommodate blockchain. Rather, Overledger will accommodate them. My question though is, how do you achieve connection to potentially 1000s of different systems? Is each new connection a big development task?

Answer(s):

RayCu
Speaking of enterprise customers...one of the things that I like about your approach vs that of other blockchain projects is that you work with existing enterprise rather than claim that blockchain will sweep in and replace everything that exists now. One of the best points you make is re HSBC's multi billion $$ systems that aren't going to change in order to accommodate blockchain. Rather, Overledger will accommodate them. My question though is, how do you achieve connection to potentially 1000s of different systems? Is each new connection a big development task?
Good question. We're starting by connecting to main 1st gen blockchains and then what is demanded by the community eg 2nd gen. The tech is open-source, we will work with the community to connect anything else using open APIs, connectors etc. It will be demand driven and collaborative

Question(s):

RayCu
Speaking of enterprise customers...one of the things that I like about your approach vs that of other blockchain projects is that you work with existing enterprise rather than claim that blockchain will sweep in and replace everything that exists now. One of the best points you make is re HSBC's multi billion $$ systems that aren't going to change in order to accommodate blockchain. Rather, Overledger will accommodate them. My question though is, how do you achieve connection to potentially 1000s of different systems? Is each new connection a big development task?
I agree with you but dint forget that alot of companies didny wanted to invest in the internet when i came up. And they got terminated. In the end it is a bit of both i think

Answer(s):

Jasper PP
I agree with you but dint forget that alot of companies didny wanted to invest in the internet when i came up. And they got terminated. In the end it is a bit of both i think
True, I think we've gone past the experimentation stage for enterprise. They are investing heavily in blockchain but the challenge they have is which one? We're giving them choice and options to have flexiblity and resillience to use Overledger to use any blockchain so they're not limited or tied to one.

Imagine a scenario where a big bank uses Hyperledger Fabric from IBM. They have a legal dispute with them and need to go to court. They're severely disadvantaged in their position because they're tied to IBM. With Overledger they can have the option to migrate off Hyperledger if they need to

Or you use Ethereum for all your blockchain projects. For some reason there's a big issue with the cryptography, so you use Overledger to migrate off Ethereum and give you continuity

Question(s):

So is it that enterprise clients will not have to necessarily rely on permissioned/private blockchains, but will have a sort of hybrid option where they can use OL to only interact with any chain they desire, as needed, and can migrate at their discretion? As in they could migrate off Ethereum to Hyperledger, etc?

Answer(s):

S C
So is it that enterprise clients will not have to necessarily rely on permissioned/private blockchains, but will have a sort of hybrid option where they can use OL to only interact with any chain they desire, as needed, and can migrate at their discretion? As in they could migrate off Ethereum to Hyperledger, etc?
Yes exactly. They can have choice and resillience but at the same time transform their DApps to MApps to use multiple blockchains to get the best features of the different blockchains

Question(s):

Gilbert Verdian
Yes exactly. They can have choice and resillience but at the same time transform their DApps to MApps to use multiple blockchains to get the best features of the different blockchains
And, ultimately, the best features of the internet also?

Question(s):

So...I have QNT. Now I want Quant Network shares. When IPO? 😉

Answer(s):

Funny you've said that! We're in talks with the right VCs to start that journey to IPO in a couple of years

Question(s):

The QNT token will add another layer into the network I think it would reduce the performance and add more complicity.

Answer(s):

No not necessarily, we're routing between blockchains without adding any overhead or conensus whilst respecting the speed and rules of the underlying blockchains. What you're referring to is when you have an Interoperability Blockchain like AION-1, Cosmos, Polkadot etc which add another blockchain on top of another one.

Question(s):

So for developers of mApps, will the OL layer also handle any programming language compatibility itself? Or will devs have to code in C++ and Solidity if they want their mApp to interact with both EOS and Ethereum?

Answer(s):

We're starting out with main languages in Ruby, java, python. We're simplifying the abstraction layer in the high level languages so you dont have to worry about the low-level C,C++ complex stuff

Question(s):

So, when a blockchain needs to update….and here I’m thinking e.g Bitcoin / Ethereum Improvement Proposals….it is massive issue due to decentralised governance. As a decentralised but proprietary OS…am I right that OL would not suffer those same complexities when it comes to updates?

Answer(s):

No, we're not affecting by the forks or updates of underlying blockchains, we're abstracting the messaging layer from the transaction layer, sitting above it

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