QUANT NETWORK AMA: 28 AUG 2018
QUANT NETWORK
AMA
ASK ME ANYTHING
28‑AUG‑2018
TELEGRAM ‑ 5 MIN READ
HIGHLIGHTS SUMMARY
- DHS (Department of Homeland Security) looking to connect US smart grids using Overledger.
- Relationship with Lloyds progresses.
- Quant accepted into the GLBC – Global Legal Blockchain Consortium’s technical committee.
- Overledger to be out with 4 connections to underlying blockchains by the end of September instead of the promised 2 connections.
- Token Burn confirmed for September.
- Low circulating supply of QNT Tokens not a risk, as divisible to 18 decimals.
- More details about Token Usage released: All Users and Developers required to hold QNT Tokens for access to platform. Developers have choice on how to charge for mApps. Client Fee structure / pricing flexible depending on clients needs. Token Usage approach to be finalised closer to mApp Store release.
- QNT Tokens held by all mApp users and developers incl. Enterprises act as license key. Licensing model similar to Apple (Apple ID) or Microsoft for Office 365, only Token-based.
- Gateway available for developers to charge fiat for apps like Apple does. Vouchers a possibility.
- Rebranding on track. New website with more content to be released.
- Quant already developing mApps for customers. Infrastructure and Middleware mApps to be released this year. New products to include multi-chain identity-as-a-service, firewall, private devnet, and GoVerify.
- Quant Labs created for research purposes as a safe place to run experiments, try new product ideas, including cybersecurity products, middleware, etc., and to run private Blockchains locally to test things at scale.
- Experiment conducted to connect Red Belly blockchain (still academic) with Overledger. Red Belly can do 600’000 transactions per second. Will probably be connected later this year / early next year, and the commercial implementation will most likely be in 1st half of next year. Quant could be the catalyst for Red Belly to become mainstream.
- Corda and IOTA may be next to be connected to Overledger.
- Anyone can build their own Overledger connectors to any blockchain that Quant hasn’t connected yet. All connectors built by Quant will be open source.
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