Token of the Month

Sunday is upon us.

And we’re kicking September off with an in-depth analysis of one of the most promising cryptocurrencies in the space.

Background:

The boom of blockchain and distributed ledger technologies (DLTs) over the last decade has and will continue to lead us into a world that is fragmented and unable to communicate efficiently.

Simply put, solutions are going to be necessary more than ever as we transition over from our current network systems to much faster, scalable and interconnected ones.

One of the many companies within the space has set out on a mission of connecting all of the world's current network systems in an efficient, easy-to-use, plug-and-play way.

Their name?

Quant Network (QNT)

Quant can be seen as the first Operating System built for blockchains, with the goal of connecting all of the world's current network systems in an efficient, easy-to-use and plug-and-play way, without hampering their individual interoperability.

It helps automate the trust functions between multiple blockchains with the help of its Overledger operating system.

Overledger is a technologically agnostic platform, meaning that the users looking to work with it are not limited to a single technology provider, in trying to link with various networks and blockchains.

It represents the core around which a future digital economy ecosystem can be built, allowing developers and businesses in it to build decentralised multi-chain applications (known as MApps) for their customers.

What’s the point of Overledger?

To provide any network that is used for a particular purpose, with a gateway to all other blockchains, not unlike a “magic” portal with a functional interface. The same goes for supporting communication between every application within the ecosystem with the desired blockchain.

With Quant, businesses are not limited to access to a single blockchain only, meaning their applications can implement and offer a diverse array of features from all blockchains to the platform that enables access.

Now that we have an understanding of what Quant is let's better understand the team behind it that's pulling all the strings.

The Team:

When we look at the potential of a company, whether that be in the Web3 space or within the traditional financial markets, the makeup of the senior core team usually plays a huge role in determining whether it can be as successful as it promises.

Quant Network has a well and truly stacked team, with experience across all levels of industries including both the private and public sectors.

CEO/Founder: Gilbert Verdian

More than 20 years of cybersecurity experience and C-level accountability as a CISO, CIO and CTO.

He has worked in government Downing Street, HM Treasury, the Cabinet Office, Ministry of Justice and NSW Health — and has also served in the private sector, at Mastercard, Vocalink, CSC, EY, PwC, BP and HSBC.

Gilbert established the Blockchain ISO Standard TC307 initiative (standardisation of blockchains — bringing together more than 50 countries alongside external organisations including SWIFT, OECD and European Commission) in 2015 and is the Convenor of the Interoperability working group WG7 for ISOO.

COO: Lara Verdian

Lara leads out Quant’s daily operations, strategy, and administration as it goes to market internationally.

With over 20 years of experience in the Healthcare and Life sciences industry as a specialist in the development of global pricing and GTM (Go-To-Market) strategies for pharma companies.

Having held senior positions in international leadership, she has a strong track record of success in global launches, and pricing strategies and played key roles in valuation and due diligence projects relating to acquisition targets, both of pharmaceutical companies and private equity.

Highly experienced in business development and managing multimillion-dollar budgets, Lara successfully led the pharmaceutical and life sciences division of the broader Health Economics and Social Policy Practice at Deloitte and has worked at other leading pharmaceuticals/healthcare brands, including J&J, Pfizer, GSK, Eisai, Actelion and Intercept.

Board Director: Guy Dietrich

Managing Director at Rockefeller Capital Management. He has over 35 years of investment experience and is responsible for advising ultra-high-net-worth clients, family offices, foundations and endowments.

Prior to joining Rockefeller, Mr. Dietrich led the largest private wealth management practice for Morgan Stanley in Silicon Valley.

Was on the Advisory Board of the Stanford University Institute for Economic Policy Research.

Partners:

LCX

LCX known as the Liechtenstein Cryptoassets Exchange is a regulated fintech company that focuses on digital asset trading, compliant token offerings and tokenization.

An extremely regulated, institutional crypto exchange with 8 Licenses and counting, the pair have collaborated to develop and further advance CBDC’S.

Constellation (DAG)

Constellation Network is a San Francisco-based software, big data and “blockchain company” which have integrated its secure communications protocol with Quant’s Operating System, Overledger.

It is formed with the vision of building out interconnected cities and connecting our borderless world through an interoperable internet, for big data, IoT (Internet of Things) and edge devices.

A partnership that could promisingly offer the interconnection of multiple blockchain operations within different metropolitan areas across cities to track and utilise real-time data.

Some examples include the likes of tracking news and events with the provision of real-time data on things such as car crashes, data on busy shopping hours and traffic jams as well as things like the distribution of energy, a more efficient waste collection service and better air quality across cities.

Alliance Block (NXRA)

Alliance Block are an AI-powered decentralised financing and investing ecosystem, which allows corporates to efficiently raise funds through equity, debt or tokens.

The partnership will facilitate the use of Overledger to leverage and create multi-chain token swaps to trade any financial asset ranging from art to real estate and data and helps move Alliance Block to the next step of becoming an all-in-one platform.

SIA

SIA are the European leader in the design, creation and management of tech infrastructure and services for financial institutions, central banks, corporations and the public sector.

These include areas of payments, cards, network services and capital markets.

They are Europe’s largest payment service platform serving over 50 countries and 570 banks as their clients.

Just to understand some numbers, in 2018, SIA managed 14 billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network.

Through integration into SIAChain, Overledger brings blockchain interoperability to all 570 banks and trading partners across Europe, instantly.

Where it would have taken years to onboard 570 different banks building out the infrastructure, Overledgers interoperability proves superior in almost every way.

Bank clients will be allowed freely to choose to use Overledger or build out their own blockchain and then utilise Overledger as the interoperability solution to work within a single system.

LACChain

LACChain is a collection of actors from Latin America and the Caribbean that operates a public, permissioned Distributed Ledger Technology (DLT) that covers the LAC area.

It offers a structure for governance and membership that upholds national sovereignty while offering a cutting-edge technological platform for the entire region, to be integrated into Latin America and Caribbean countries.

Overledger provides the interoperability solution, but the main focal point is that Quant is helping them build out the Latin America Dollar stablecoin.

(Important sidenote — Quant is already helping to build out the digitalised pound through Project Rosalind and is now aiding to help build out the infrastructure for a whole continent currency. This requires a significant amount of backing, trust and connections in order to do so alongside being compliant.)

Oracle

Oracle are the world's largest database management company offering software and technology, cloud-engineered systems and enterprise solutions.

The partnership has led to Overledger being the certified interoperability solution on their blockchain platform.

Oracle offer a huge network of clients for the utilisation of Overledger.

They are a NASDAQ 100 company worth $250 billion and will provide Overledger exposure to over 400,00 clients on Oracle.

Tokenomics:

The QNT tokens were divided as follows:

• 9.9 million QNT tokens that were sold to the general public during the ICO.

• 2.6 million QNT tokens were set aside as company reserves to keep the project afloat.

• 1.3 million QNT tokens were reserved for the founders of the company,

• 651,000 QNT tokens were distributed to the advisors of the company.

The token’s current circulating supply is 12,072,738 QNT.

The corporation is the owner of the additional 2 million tokens. These tokens can be sold or issued at any moment because they are unlocked.

14,612,493 QNT tokens are the total authorised supply.

If you’d like a more in-depth understanding of QNT, CryptoSeq wrote a great article on it a few years back. You can find it here!

Use Case:

Enterprises

Can use the Quant Network without having to buy QNT tokens. To use the network, they must have QNT tokens, though.

Developers

To create anything on the platform must first buy a licence (in QNT). Tokens must be locked up for a year in order to do this. The use of the QNT tokens is necessary to cover the cost of maintaining the Gateways and carrying out read/write operations on Overledger.

The staking mechanism works differently through the use of gateways which anyone can set up using a license and hardware devices.

They can then stake on top of gateways for more throughput validating transactions.

It will be dependent upon network activity on the Overledger network. Connecting every network will snowball meaning higher and higher rewards.

It is regulated by Finma as a utility token for digital services, and they’re responsible for monitoring and supervising all banks, insurance companies and security exchanges out there.

Theory of Metcalf’s Law:

When we look at the adoption rate of networks (which blockchains are) Metcalf’s law speaks to both the growth in the number of connections within a network as well as the value.

It was initially linked to the internet's substantial growth over the years, and what it deduces is that the value of a network is proportional to the square number of its users and connections.

Overledger Network is a ‘Network of Networks; that enables stakeholders from businesses and communities to access and take part in a hyper-connected, decentralized environment that is always expanding.

In order to provide safe access to permissioned networks, permissionless networks, ecosystems, consortia, and other distributed technologies, businesses, banks, central banks, trading venues, etc. will be able to host their own secure dedicated gateways.

QNT captures the value of all connected blockchains and APIs and all connected blockchains and APIs benefit from being part of the Network of Networks.

This will cause the ecosystem to expand exponentially as more people join it, increasing the value of the network as a result. The Internet and other social media platforms are examples of how these network effects result in accelerated growth.

(Pretty cool if you put it in perspective that QNT will rise exponentially in congruency with the rest of blockchain adoption across the world over time!)

Summary:

With the adoption of blockchain, it seems highly unlikely that there is going to be one winner — interoperability is what solves everyone’s differences in taste.

Everyone needs interoperability, and Quant is re-architecting the entire financial system with the help of Central Banks, Governments, Businesses, and some of the largest payment infrastructure networks in the world.

Quant is also working with MIT, Intel, Payment and Telecom companies to build a protocol that will serve as the basis for the development of the modern Internet. A safe, reliable, and trustworthy internet serves as the basis for the coming wave of online enterprises.

Without the expense and bottleneck of inserting another blockchain in the middle, Quant offers scalable interoperability between any blockchain and any API or current network. Enterprise-grade Multi-DLT Oracle power is provided, along with a horizontally scalable Peer-to-Peer (P2P) network that will allow the ecosystem to expand exponentially and allow developers, consumers, and businesses to all get value from it.

It doesn't matter which blockchains emerge as the top platforms; interoperability is required for all of them, not just across blockchains but also for current networks.

Quant has the potential to be a wonderful store of wealth and a very lucrative long-term investment, but it won't happen immediately.

Recommended Crypto Accounts to Check Out

That’s all from us this week, before we let you go here are some of our favourite Twitter pages for great content and deep dives on specific Crypto projects.

Shout us out if you find them valuable (we’re sure you will):

Just remember if you’re reading this, we’re so early in this journey of technology.

Zoom out, stick to your intuition and have patience - all great things come with time.