$QNT bagged these 3 enormous trade and supply chain blockchain consortiums 🔄 and it was right in front of our eyes👀
✅GSBN
✅Contour
✅Tradelens
❓And more leads and insights
You don’t want to miss this one🕵️
A thread into Quants leading role in Trade Finance
👇🏻🧵
1/N
First a short deepdive into the ecosystems (how big are they?) and than the leads to a lot of trade networks.
READ TO THE END
2/N
Network 1: GSBN
This Global Shipping Business Network (GSBN) will “handle 1 in 3 containers shipped around the world 🌎 🚢 ”- build on Hyperledger technology
- Founded by 8 global maritime cargo multinationals. Biggest is Costo from 🇨🇳, 288.000 employees✅
- 🇭🇰HK based
3/N
- The network aims to digitalize maritime trade using blockchain 🌊🔗
- Tech partners: Oracle, Microsoft, AntChain & Alibaba Cloud✅
4/N
Network 2: Contour
The worlds biggest Trade Finance Network🌏 - build on Corda (R3) technology
- Launched Q3-2020✅
- Founded by Bangkok Bank, BNP Paribas, CTBC, Citi, ING, HSBC, SEB & Standard Chartered🏦
- Brings together >15 global trade banks
5/N
- Just won ‘best fintech in trade’ 2022 by GTR (biggest trade finance media)
- Operating accross >50 countries🗺
Absolute beast🔥
6/N
Network 3: Tradelens
“The TradeLens ecosystem now includes more than 300 organizations🤯” - build on Hyperledger technology
- Founded by IBM & Maersk. IBM needs no introduction. Maersk is the 2nd largest container shipping company in the world⚓️
7/N
Now the leads, storywise from my POV📖
Before we start some key 🔑 info here is needed to see the whole picture:
$QNT = integrated and the default interoperability solution of Oracle Blockchain Platform (OBP), after Microsoft the biggest software provider in the🌎🔥
According to the Oracles Blockchain Chief $QNT Overledger is used with many clients. Besides KPMG (big😉) we don’t get a lot of info (nature of enterprise).
Gilbert (CEO) confirmed that since the Oracle Certification they been busy keeping up with demand📈
So we have:
- $QNT as Oracle default interop solution
- Oracle blog about $QNT naming GSBN (client) & Contour
- Team swamped with Oracle client demand after certification
But to be 100% sure we need one more thing. A link between $QNT and Contour
And bamm, there it was🔥
13/N
It all made sense when seeing this last missing link. I have zero doubt, both GSBN and Contour are part of OVN, the network of networks💪🏻
Extremely bullish and huge entities that 99% of crypto can’t even dream of…💭
LETS CONTINUE
14/N
Network #3: Tradelens.
This week new info came to light after a new #ODAP draft with MIT.
They literally named Tradelens when routing data accross DLTs and ecosystems✅
Add in an old team slide from 2020 and safe to say Tradelens =part of OVN🙌🏼
3,1 billion events🤯(📸4)
15/N
Oh and Tradelens partnered with Contour this week✅
Don’t wanna jump to conclusions on this partnership but wouldn’t suprise me if $QNT is involved💁♂️
ALMOST THERE… some final tweets regarding Quant Network and Trade Finance🧵
Let me draw this out for you, in simple terms, so you can ALL follow🕵️
Yesterday the Bank of England said the following:
✅'Synchronised settlement' will put them in STRONG position to integrate RTGS (hundreds of TRILLION pound💷legacy infra) with DLTs (CBDCs etc)
“Gilbert Verdian, founder and chief executive at Quant, a London-based supplier of blockchain technology to the financial services industry, said ASX needed to rethink how it designs the CHESS replacement in light of Accenture’s critique”
“For similar projects, we suggest a different tack. Instead of a big bang, or a like-for-like replacement of the entire infrastructure, they need to complement the existing platform with digital asset capabilities,” Mr Verdian said.
“By integrating an overlay, you can avoid disrupting current capital market flows and trade digital assets alongside traditional asset classes. Eventually, you can migrate to the new technology once critical mass is achieved.”