Thread by @arcane_tiger

ODAP, Partners, CBDC’s & more on Overledger

Presenting: Quant

$QNT

//A THREAD (PART 3)

In part 2, we covered:

- Quant Tokenomics
- The importance of token velocity

In this thread we will cover:

- ODAP
- Partners
- CBDC’s
- more on Overledger

Let’s begin.

ODAP (Open Digital Asset Protocol)

In October of 2020, MIT & Quant announced a collaboration to push #crypto one step closer towards mainstream adoption.

ODAP.

*(Intel also plays a role in ODAP)*

For those that don’t know

The Massachusetts Institute of Technology is one of the leading institutions in the development of technology & science in the world.

MIT was also one of the first colleges to operate on ARPANET (covered in part one).

Side note:

Lawrence G Roberts from MIT was selected as the first project manager of ARPANET

And a MIT telecommunication line was used in the testing environment for ARPANET, leading to the foundation of the packet-switching network.

Quant & MIT submitted a proposal to the IETF that would allow

-Distributed ledgers in an open & interoperable format
- Session negotiation & message passing between gateways connection DLT systems
- Oracle Functionality
- KYC/AML/FATF compliance

The first of its nature.

What does this mean?

Blockchains will be able to seamlessly interoperate through a single programmatic interface.

Legacy systems will also be able to communicate with this blockchain-agnostic protocol.

Financial institutions will be confident in a fully-compliant protocol.

IETF: Why are they important?

The Internet Engineering Task Force is a standards body that helped TCP/IP become the global standard for the internet

The US government, Intel, and other large institutions have already expressed interest in backing the proposal.

ARPANET, TCP/IP & the internet started out of the USA.

Has London with $QNT become the next great enabler of the #digital age and Web 3.0?

Time will tell.

PARTNERS

Big names:

- SIA (HUGE)
- Oracle
- AWS
- Hyperledger Foundation

*SIA is apart of multiple DLT solutions: Spunta & Blockchain surety
(Italian Central Bank project)

Haw Hamburg university played a role in helping solve smart contract interoperability for Overledger

Overledger supports interoperability between these 5 large permissioned blockchain systems:

$ETH $JPM $XRP Corda ( $XDC ) & Hyperledger fabric

(Side note: In another thread I’ve done, the founders of $KDA created the $JPM Quorum project)

Interoperating these ecosystems indirectly gives them access to these potential clients to enable mass adoption:

Quant is also a guarantor of Pay.uk

The leading retail payments provider of the UK.

They move 6.7 TRILLION in GBP a year.

GLOBAL FINANCIAL INNOVATION NETWORK & $QNT

Quant partnered with Data 61 to run cross border trials with GFIN.

Members include:

- Central banks
- Regulators
- Consortiums

All around the world.

Next: CBDC’s.

Central Bank Digital Currencies are virtual fiat money issued by its countries central bank.

Purpose: financial inclusion & simplifying fiscal policy

What is $QNT ‘s role ?

CBDC’s

#Quant is officially part of the Digital Pound Foundation

Pushing for a UK #CBDC alongside some of the largest financial organizations in the UK & Europe

As well as $LCX for CBDC settlement implementation

Here is a link from the Bank of International settlements (the central bank of central banks) on how CBDC’s can simplify cross border payments:

submitted to the G20:

bis.org/publ/othp38.pdf

Random nuggets

CONCLUSION:

Once again, I didn’t cover everything in detail that I wanted

But the info I provided here should be a good start to understanding the scope of $QNT

Achieving real world adoption

That has not been seen since
TCP/IP

🚀

Thanks for reading.