It’s been an incredible couple of months for Quant Network with lots of exciting news coming out, the company is growing fast, expanding to the US and taking on new clients at a rapid pace. I thought it would be worthwhile compiling a list of what’s happened over the last 2 months.
I genuinely don’t know of another company, let alone another blockchain company, that has achieved so much in such a small amount of time yet and the fact that they are a startup and currently towards the bottom of the second page of Coinmarket Cap still amazes me. Let’s take a look:
Quant Network has been named Gartner Cool Vendor 2019 in Blockchain Technology.
Gartner is the world’s leading research and advisory company. Quant Network joins a list of illustrious names like Dropbox, Nest, Evernote, Cloudera, Palantir and Instagram, all of which have been named a Cool Vendor in the past ten years.
Cool Vendor status is bestowed upon the most disruptive and credible startups that Gartner analysts genuinely believe will change the technology landscape. The Cool Vendor status is highly recognisable and tracked by potential acquirers, investors and large enterprise buyers.
Quant Network’s Overledger to play integral part in Hyperledger Quilt reboot to enable universal interoperability for Hyperledger
Hyperledger is very popular with enterprises with half of the Forbes 50 list using Hyperledger. It consists of many frameworks and Hyperledger Quilt is their tool that provides interoperability. Quant network joined Hyperledger and the Linux Foundation to contribute open source software and provide domain expertise.
We’re working internally with Hyperledger foundation on the Quilt reboot and had meetings with them at Consensus. There’s more coming out in the short term from Hyperledger on what the new Quilt means and looks like
Overledger is going to enable universal interoperability for Quilt. We are integrating Overledger’s API and SDK to be the front gateways for Quilt to allow for Enterprise and Developers to be able to use different blockchains, protocols, taxonomies with ease to bring mass adoption and universal interoperability. This allows Overledger to widely support all the different use cases demanded by clients, enterprise and developers and bring mass usage of Overledger and Quilt to a broader market.
Overledger connects to Stellar, EOS and Permissioned versions of Ethereum to take the total connected Blockchains to 10, covering the most commonly used blockchains by Enterprises
Quant Network chosen for the UK Government backed Tech Nation’s Cybersecurity Growth Programme
Tech Nation, the Government funded UK network for ambitious tech entrepreneurs, has chosen Quant Network as one of the 20 leading scaleups for their national cybersecurity growth programme.
Quant Network is using emerging technology such as blockchain, and next-generation tokenisation to solve those security challenges. The Tech Nation initiative is designed to boost the UK’s cyber sector, accelerate the growth of its top companies and build a robust, cross-industry network. This will enable the community to grow a market need around cybersecurity and scale up so they can expand into other markets.
QNT is a Universal Utility Token and will be used for the movement of Digital Assets across chains.
By having solved Interoperability at scale, the team will soon releasing more info on how they are powering the new tokenised economy to transact and move digital assets between blockchains.
The 3rd phase of QNT is something we’ve been working on. It’s to be used for the movement of Digital Assets across chains. QNT is a Universal Utility Token, providing access to the Overledger ecosystem and also to be used to pay for transactions and usage across chains. We’re also going to enforce minimum wallet holdings for all participants.
We have clients we’re working with in financial services that are moving digital assets internally within a permissioned network and want to be able to interoperate with other parties to recognise their digital asset on different internal permissioned chains. Plus they also want to be able to move and settle on public permissionless blockchains safely and securely — Overledger is the only technology that can do this today.
The total supply of QNT is a third less than Bitcoin’s at just 14.6 million. There is no inflation, no new QNT minted, no further token unlocks / bounties. From now on it’s just clients purchasing licenses and taking QNT out of circulating supply. The team also released an updated version of their draft Utility paper which can be found here
Quant Network attends and sponsors Consensus, the largest Blockchain event of the Year
Consensus was a good event and was very corporate and enterprise focused. The cryptocurrency theme of previous events was not there. We made a lot of new contacts, hosted events and even signed up new clients to Overledger. Very productive from our perspective
What is important to see is that we have an advanced technology that solves a huge number of barriers to mass adoption. We have working products, real world use cases and clients using our technology daily and we’re signing up more as we progress. In consensus alone, we signed more enterprise clients that we only met for the first time. We have a working ecosystem that is shaping the future of a tokenised economy that will co-exist with the current one.
Interview with Crypto Finder on Youtube whilst at Conesnsus
The team have been attending / speaking at various events
Other than Consensus, the team have been participating / speaking in lots of events from Supporting the ADC Global Blockchain Summit Hackathon sponsored by IBM and DATA61 where participants and teams built new multi chain applications powered by Overledger
Quant Network Expand to the US Market to meet client demand
A year ago blockchain was on few people’s radar in Washington, but now it’s being discussed at the highest levels and with a sense of urgency. Quant Network is set to play a major role, both in the US market and internationally.
We have 2 large Asset Management companies in the US that we are in active talks with. They love the technology and are looking at use cases and how best to progress.
Today we moved into our new offices in London which can cater for 36 people with the option to expand to the whole floor. We’re growing fast and excited about the future. We’re also looking to set up a similar size team in the US to meet client demand
Guy Dietrich, Managing Director of Rockefeller Capital is joining the board of Quant Network, supporting the company’s expansion to the US
Rockefeller Capital Management is a leading independent financial services firm offering global family office, wealth management, asset management and strategic advisory services to ultra-high-net-worth individuals, families, institutions and corporations. As of September 30, 2018, Rockefeller had approximately $18.6 billion in assets under advisement
Guy Dietrich, Managing Director, Rockefeller Capital commented:
I’m delighted to join the Board of Quant Network. This is an exceptional team of experienced professionals in the cybersecurity and blockchain industry.
Tech Women 100 Winner, Cecilia Harvey joins Quant Network as Chief Operating Officer from her previous role as Director at HSBC Global Banking and Markets
Cecilia Harvey has over 20 years experience in the Financial services, she is now a tech start-up founder, a senior women working in technology, and a champion of diversity in technology. Cecilia is a Tech Women 100 Winner which these awards showcases remarkable women within the technology sector. The winners also include individuals from leading firms such as Mastercard, Lloyds Banking Group, O2, EY, BP, Dyson and Paypal.
Before joining Quant Network as Chief Operating Officer, Cecilia was previously a Director at HSBC in Global Banking and Markets and before that Director at Vocalink. Cecilia was also Chief Operating Officer at Citi for Markets and Securities Services Technology as well as working for Barclays, Accenture, IBM and Morgan Stanley.
Top 100 Global Market Leader, Kayleeann Avice Du Buisson joins Quant Network team as Marketing Director
Kayleeann Avice Du Buisson was awarded the Top 100 Global Market Leader award and comes with 11 years of Marketing experience and proven performance.
Kayleean is experienced in both start-up companies, medium and large enterprises across international markets and worked in FinTech, Power and Utilities, Investment, Luxury goods, retail, wholesale, SAAS & Built environment.
Release of the Enterprise Quant Treasury
Quant have released the Enterprise version of the Quant Treasury with the Community version to follow later this year. The Enterprise Treasury will allow Enterprises to pay in FIAT and Quant will purchase tokens via OTC from exchanges on behalf of clients.
We’re building everything with an enterprise first approach. Releasing products and solutions for enterprise clients to adopt with their large client base and market size then opening it up for developers in the community model. The Treasury — Enterprise is live with several banks using it already and the process and onboarding was handled by us. The Treasury — Community automates the process with smart contracts so developers can automatically get licenses, allocations and their tokens are locked up for the entire license period (12 months). If they choose to, they can renew at the end of 12 months which the tokens maintain to be locked and out of circulation or their license expires and the tokens get sent back to the Treasury to then be allocated to other new license requests and enterprise clients.
Quant Network Partners with DATA 61 to participate in Cross-Border trials with the Global Financial Innovation Network
The Global Financial Innovation Network (GFIN) is a network of 35 organisations committed to supporting financial innovation in the interests of consumers. Bodies such as the Financial Conduct Authority (FSA), Australian Securities & Investments Commission (ASIC), Monetary Authority of Singapore, Hong Kong Monetary Authority, Central Bank of Bahrain and many more all participated with in the trials.
The GFIN seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. This includes a pilot for firms wishing to test innovative products, services or business models across more than one jurisdiction.
It also aims to create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.
Quant Network release Quant Atlas, their solution to enable interoperable banking through cross border Open Banking
Quant Atlas enables interoperable banking by interconnecting the world’s Open Banking networks to unlock business value
Atlas uses Overledger to enable a Distributed Ledger Technology (DLT) transfer of secure consent data between different jurisdictions, facilitating interoperability between TPPs and their respective systems and platforms.
Atlas is a response to market need and a unique solution that helps shape Open Banking. Most countries now are following the UK and EU and starting to implement open banking all around the world.
It’s not like they have been saving all the announcements for the last couple of months either, there has been constant news from being a founding member of the European Commisions INATBA, Guarantor at Pay.UK, Oracle etc, which you can read more about in one of my previous articles here
Just wanted to finish the article with a huge thanks to the Team for their incredible efforts in achieving so much in such a short amount of time. Not just taking Quant as a company forward but the whole blockchain landscape by setting worldwide blockchain standards and enabling mass adoption of blockchain by Enterprises to create new products so that we can all benefit from blockchain.