Thread by @CryptoSeq

1/Quant are providing interop for LACChain the regional blockchain network for Latin America backed by the Inter-American Development Bank

Working with banks (CitiBank🤔)to enable cross border payments as well as work on a Multi-DLT Retail CBDC for the Latin Amercian Dollar $QNT

2/ Quant will be providing interopability with other regional networks such as The European Commissions European Blockchain Services Infrastructure and China. Initially consisting of 12 countries using Overledger to create an Interbank Network for payments
ledgerinsights.com/idb-backed-lac…

3/ The Latin American Dollar will be used for Welfare and Emergency Payments in the Latin American and Caribbean Regions funded through the Inter-American Development Bank.

quant.network/pr-announcemen…

4/ The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean and owned by 48 sovereign states

5/ Future LAChain and Quant use cases can be used for digital identity, certification of professional skills for employment, the incorporation of small producers into agricultural value chains supported by traceability systems, and faster, more targeted access to health services.

6/ The EBSI consists of 29 countries with a network of distributed nodes across Europe to deliver cross-border public services and enhance the way citizens, governments and businesses interact, using blockchain technology with the highest standards of security and privacy

7/ The Scale of these Regional Blockchain Networks is immense and Quant enables scalable interoperability between any blockchain as well as any existing network. You can see a previous thread discussing the scale of these 👇

twunroll.com/article/135804…

8/ With Central Banks actively pushing development of CBDCs and Quant being in talks with numerous such as the Bank of England, Federal Reserve, Bank of Italy, Central bank of Sweden, the European Central Bank and more.

https://twitter.com/CryptoSeq/status/1318653571110404097

9/ They also had meetings with the Bank of England's Head of Future Technology, William Lovell as detailed in this Hyperledger Trade Finance call

10/ Combined with the upcoming increase in regulation on stablecoins, this is likely to lead to Commercial Banks and Big Tech offering their own stablecoin, which is backed by a Wholesale CBDC / 100% Central Bank reserves

11/ Quant's patented Multi-DLT Stablecoin solution enables these to integrate with existing financial networks as well as directly to RTGS systems. Connecting Central Banks and Wholesale to Retail CBDC with a single token.

12/ This enables Banks to use whatever internal Blockchain they would like to use so they retain full control, whilst also being able to then transfer those tokens across any other blockchain (private and permissionless) whilst providing a clear auditable record for regulation

13/ The different Bank blockchains can then settle between them either through existing RTGS systems to through the use of Wholesale CBDCs. Providing much faster and cheaper payments whilst also enabling Central Banks to provide regulatory oversight and better manage risk.

14/ The entire financial system is about to be re-architected and Quant looks set to be a key player in enabling it. The even crazier thing is Finance is just one of many verticals Quant is targeting).

For more info on Quant see this this article 👇cryptoseq.medium.com/value-beyond-s…