Thread by @GregLunt27

👏🏻 Last week, @MIT announced a 12-month collaboration with the @BankofEngland to research the potential design of a CBDC.
 
🕸️ This announcement further confirms a web of partnerships between @MIT, @BankofEngland, @BankofCanada, and @Quant_Network.
 
16-tweet 🧵👇🔥 $QNT

🔥 CBDC design research is red-hot at the moment, and the 4 institutions just named have been intertwined in technical collaborations for years.
 
🧵 This thread outlines the many overlaps between these entities, beginning with connections between @Quant_Network & @MIT ⬇️

In September 2020, @Quant_Network and @MIT started work with the @IETF to design ODAP (Open Digital Asset Protocol).
 
🌐 ODAP aims to be the rails for the Internet of Value – an open protocol that allows digital assets to flow freely from one network to another.

In February 2021, Quant and MIT co-hosted “ODAP Industry Day for Financial Services.”
 
💻 This public event discussed the need for an interoperability protocol that bridges the gap between traditional finance and the emerging digital asset space.

https://twitter.com/quant_network/status/1366765326235561985

In November 2021, Quant and MIT co-authored an important white paper titled “Implementing A CBDC.”

✅ The paper concluded that Quant’s Multi-Ledger Token (MLT) technology meets the challenges and requirements in designing a central bank digital currency.

quant.network/insights/imple…

In March 2022, @MIT partnered with the @BankofCanada to “explore how advanced technologies could affect the potential design of a CBDC.”
 
📑 The findings of the project will be presented by BoC after a 12-month research period.

bankofcanada.ca/2022/03/centra…

🏦 As mentioned earlier, and similar to Canada, the @BankofEngland announced a 12-month collaborative research project with @MIT “to explore potential technical challenges, trade-offs, opportunities and risks involved in designing a CBDC system.”
 
bankofengland.co.uk/news/2022/marc…

In 2019, the @BankofCanada selected @SIA_pressoffice to provide rails for their country’s new Real-Time Gross Settlements infrastructure.

🔌 @Quant_Network was certified by SIA as their interoperability solution in 2020.

→ sia.eu/en/media-event…

→ sia.eu/en/media-event…

There are numerous links between @Quant_Network and the @BankofEngland, starting with Quant's involvement in the @DigitalPoundFdn.
 
💷 The DPF is an independent forum exploring the implementation of a Digital Pound in support of the Bank of England.

https://twitter.com/quant_network/status/1448558106900893696

Quant CEO @GVerdian worked at the BoE, along with other high-level roles in U.K. finance:
 
🔥 Bank of England: Cybersecurity and Resilience committee
🔥 Her Majesty's Treasury: Chief Security Officer and Deputy Chief Technology Officer
🔥 U.K. Ministry of Justice: Security Lead

The Head of Future Technology at the @BankofEngland, Will Lovell, even identified Quant by name on a large financial industry call:
 
📞 @Hyperledger Trade Finance call, October 2019:

To summarize — MIT, BoE, BoC, and Quant have many links:
 
✅ Quant + MIT (Co-authors CBDC paper, Co-founders ODAP)
✅ MIT + Bank of Canada & Bank of England (CBDC research partners)
✅ Quant + BoE (DPF, Finance calls, Gilbert's resume)
✅ Quant + BoC via SIA (Partnerships)

Looking ahead, Quant, MIT, and the Bank of Canada will all be speaking on the “CBDC Leaders panel” (along with the CEO of VISA Europe) at @FTLive’s Digital Asset Summit next month.
 
→ crypto.live.ft.com/agenda/session…

💵 Bonus! MIT has been working alongside the @BostonFed to create the Digital USD.
 
✔️ Considering MIT’s relationship with Quant (as outlined in this thread), along with @GVerdian’s 2 years working at the Fed, it’s reasonable to assume $QNT is involved in this project as well.

https://twitter.com/bostonfed/status/1489320940773249026

This web of partnerships and collaborations between @MIT, @BankofEngland, @BankofCanada, and @Quant_Network shouldn’t be understated.
 
💰 #TheFutureofFinanceToday is being built before our eyes, and $QNT is right in the middle of it all.

Thanks for reading! Hopefully you learned something new today. 🧠
 
✅ If you enjoyed this thread, please follow me @GregLunt27, and comment what topics you’d like to see me research next.
 
Keep stacking, and stay Quamfy! 🤍