EU Commission organized SSB, @ETSI_STANDARDS had recently published a group report on interoperability between permissioned DLTs
This organization has over 900 members from 65+ countries. Let's see what they had to say
🔽🧵🔬
🌐While not as big as ISO or ITU, the ETSI has previously collaborated w these other SSB's on multiple occasions
With an agreement signed between them & ITU in 2000
Along with collaborating in multiple ISO working groups for IoT semantic interoperability🤔
1⃣Right away we already see an ISO Standard reference in their references.
TS 23635, this standard is on "guidelines for governance for blockchain & DLT". But who do we see as the technical committee for this standard?
Thats right, the standard founded by $QNT CEO #TC307
Looking a lil further, we see multiple mentions towards API Gateways sitting between layers. A DLT interoperability solution that $QNT is specifically using
There are also some talks of security risks in the event a Gateway fails & ways around solving the issue
Interoperability governance is also mentioned. A section of interoperability thats almost never mentioned in the crypto side of development
MIT CTO & SAT Co-Author Thomas Hardjono had previously said
"You need to figure out your layered architecture... before moving assets"🎙️
They also mention apps for interoperability. This would a HUGE advancement for DLT as a whole & very few projects have such a solution.
mDapps on Overledger is one of these solutions $QNT
🔌A multipurpose application accessible from multiple networks
Then towards the end, we see a direct mention of ISO/TC307 with a table showing the context of each part of the interoperability procedure
For anyone whose forgotten or maybe has doubts on the connections of $QNT w the European Council
Keep in mind Gilbert was at one point a EU Commission member on blockchain/DLT Framework & likely having some work w drafting #MiCA given the connections
🌎TC307s already seen adoption around the world with countries in ISO
But now we're witnessing the growth of this standard in other Standard Setting Bodies such as the ITU, UN/CEFACT & now ETSI
🪐I believe we're reaching the turning point for TRUE industry application for DLT
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🎉 @BankofEngland is hosting a Q&A on the future of FinTech & Digital Payments
Many connections in here between both UK & Canadian FinTech/Banking infrastructure. But most importantly there seems to be some leads to $QNT connections from some of these members
🪂Lets dive in🧵
If you've been around for sometime researching the sphere of $QNT, you may have seen the name William Lovell pop up before.
Heres what he had to say about Overledger during a @Hyperledger Trade Finance roundtable last year
Another critical piece to the innovation at the BoE is their Head of Digital Platforms, Denis Nwanshi who will likely have a core role in UK CBDC development
Looking at his background he's had QUITE the experience in the world of FinTech development & ISO20022 integration
👩🏫Its on ERC20 cuz $ETH is most adopted chain, it can move to another chain easily. The whole concept of $QNT and the project is to allow seamless interoperability to any chain/system
Having their token accessible to one chain would of been quite ironic
🦄Token not needed
👩🏫This is actually a compliment, they want everything as seamless n easy for enterprises n govts as possible
You can't expect those guys to market buy $QNT just to use Overledger. They give it the fiat option which gets immediately converted to #QNT
We tend to forget $BTC was born out of a recession, this entire asset class was
It's never seen this level of hawkishness in a true recessionary environment
🔵= US YoY Inflation Rate
🟠= US Interest Rates
Will be interesting to see how this plays out
On a side note,
Some of our favorite projects such as $QNT & $LCX have been holding up PRETTY well relative to some majors
Granted they did already take a massive hit, but it shows we're seeing some decent demand @ these levels
🖼They say a picture says a thousand words,
These charts are no different📊
1️⃣USD Index @ 2002 levels, strong $ people hodl $
2⃣SP500 looks like it'll at least retest 200w MA🍆
3️⃣Fed balance sheet hasn't even started QT yet
4⃣GDP Growth @ negative levels