Thread by @UtilityTheory

I read this G20 policy brief which was released Sept 2021

A lot of positive talk about harnessing the benefits of #Blockchain/#DLT

Compares USA FinCEN VS China CBDC

G20 Implementing policies that leverage DLT⏬

My theory with examples of how it can relate to
$QNT $XRP $XLM

First of all, shout out to the writers as this was well written on global DLT @KingsCollegeLon

If you are into global law, regulated DLT, and G20 topics, this is a technical one to review as it has lots of good thoughts.

g20-insights.org/policy_briefs/…

#DLT #Blockchain #crypto #G20

Proposal:

The G20 is uniquely placed to implement policies that leverage the benefits of cryptocurrencies, in particular, DLT for faster and more efficient transactions process.

⏬
#DLT #Blockchain #isthe #Future #Utility #Theory
#Crypto #fintech #G20

Read Highlights:

Multilateral institutions can reap the trust of DLT &
"G20 Multilateral consensus-based DLT that cannot be altered by a central authority. D.I. that ensures trust-based accountability"

That is very interesting terminology...⏬ 🤔👀
g20-insights.org/policy_briefs/…

In my next example, I'm going to reference 2 networks mentioned from the #IMF that could form a decentralized G20/ multilateral consensus-based #DLT that cannot be altered by a central authority (Global DLT in layman terms)

#G20 #blockchain #DLT #TNoN

https://twitter.com/UtilityTheory/status/1490181527942025219

To back my theory, I wanted to reference this IMF paper that was released Jan 25, 2022

"IMF Blockchain Consensus for Global Supervisors"
(full document in this video thread for later reference)

#Blockchain #DLT #IMF #Consensus #Mechanisms

https://twitter.com/UtilityTheory/status/1489763863457239040?s=20&t=MU2mjuCJn6rRGL-73AyoNg

This explains how blockchain/DLT is decentralized and its layers from the IMF.

Global Ledger
No central authority,
Note: type of network consensus is important.

#IMF #DLT #Standards #Blockchain #Fintech #regtech

https://twitter.com/UtilityTheory/status/1490181542026481668?s=20&t=MU2mjuCJn6rRGL-73AyoNg

In this, the IMF explains fBFT which is the decentralized and scalable $XRP / $XLM consensus mechanism for those distributed ledger technologies.

It is a decentralized/ open/ honest Ledger.

#IMF #Crypto #Digitalassets #fBFT #XRP

https://twitter.com/UtilityTheory/status/1490181563232886787?s=20&t=MU2mjuCJn6rRGL-73AyoNg

IMO, That info I referenced I think could prove $XRP & $XLM could form decentralized G20/ multilateral consensus-based DLT networks that cannot be altered by a central authority

Carbon Neutral Decentralized Global ledgers for the G7 & G20. #payments #IoV

https://twitter.com/UtilityTheory/status/1490181527942025219

There are many but only a select few decentralized networks will survive regulation.

But how do all these DLT networks connect with each other and traditional finance?

#Quant created Overleder for enterprise #DLT interoperability⏬ #ODAP $QNT #TNoN

https://twitter.com/UtilityTheory/status/1465461164503015426?s=20&t=3SYF9OyNgSilwTJwG7ifDg

Quant will allow all tokenized value to interoperate flawlessly and frictionlessly between these decentralized G20/ multilateral consensus-based DLT networks. It will be known as the #DLT connector.
$QNT #Overledger #ODAP
#ISOTC307 #Standards #Regtech #IoV

https://twitter.com/UtilityTheory/status/1465461176142237702?s=20&t=3SYF9OyNgSilwTJwG7ifDg

Also, small world that @quant_network is partnered with King's college the ones that wrote the G20 Briefing. 👀🌱🙃

So shout out again to @KingsCollegeLon for writing that policy brief and your new Quant developer program!

#QNT #Enterprise #DLT
quant.network/pr-announcemen…

That is partially how I see these networks interoperating and creating beneficial G20 decentralized DLT networks using top-end material from the #IMF & #G20

There are many great regulated networks but this took me 3 hours and no time for anymore.

#Retweet & Follow for more 🧵🌱

Please note: nothing is financial advice, this is just my theory based on reading regulated fintech, banking and innovation documents

Leave feedback/RT first tweet if you got something from this

Here is a list of good research projects in the #DLT space

https://twitter.com/UtilityTheory/status/1481986035026333700