🔥☄️ WOW, these indirect connections between the Bank of Canda & $QNT ran FAR deeper than I had thought
Lotta history in here thats been dusted away, enjoy this 🧵as we deep dive into just how far back these guys go
(1/many) 🧶
Its common knowledge in the $QNT community by now that both Gilbert & Martin were key components to Vocalink
🏆 Gilbert had won 2017 CISO of the year during his time there
⚙️ Martin had spent 13+ years there climbing all the way up to VP 👏👏
Vocalink is a payments service company owned by a consortium of large banks with Mastercard owning a 92% stake 🤯
They are compatible w #ISO20022 while also running in parallel w BACs & CHAPS to provide interbank real time transfers
Needless to say, Mastercard knows what their doing
The Bank of Canada had also seen the innovative approach Vocalink was building in the UK to allow for faster payments systems
It was a no brainer for them to partner up to build upon their new RTGS system
🔗 So thats one indirect connection laid out
We also know $QNT is heavily in works w #SIA to where we've seen things like interoperability tested across SIAChain, Corda (Close SIA Partner) and projects like Spunta
$QNT directly has an interoperability solution for Corda devs
🤫 Something thats lesser known is that BoC had also partnered w SIA
The aim is for SIA to be the application provider for their new high value payment system Lynx
😱 In their partnership papers theres multiple mentions of an ISO20022 system rolling out & IBM
Now, on a side note
IBM doesn't directly play into this, but these points should definitely be highlighted regarding IBM
- Created mCBDC w HSBC using their Weaver interoperability solution
- Weaver has some interesting points that sound like $QNT