This post was originally published by at Medium [AI]
I really like to (re)search.
I also really enjoy discovering new frontiers — new paths, new adventures.
I also find myself growing more passionate about writing and creating; I have a great amount of mental pressure and need to let loose. So for however long I am able, I will be sharing my discoveries as I find them just for the sake of sharing. I will do my best to remain unbiased and practical.
For those who have read my first piece which pertained to the Quant Network (QNT), I will openly apologize because I’m not really providing any new information within this piece. I am refining that article here, as the beginning of my collection, because I have not only researched the Quant Network extensively (just as much as Ripple’s XRP), but I also believe that it will be one of the most powerful and disruptive tech companies in the world within the next few years. It’s still early regarding the discovery of this upcoming technology.
QNT, even though at the time of this writing is Rank #84 in market cap, sitting at $514,152,469 and priced at about $43, I believe this is a crypto gem.
When I wrote my first piece, published on December 18th, 2020, Quant was about $13.
If you would like a deeper analysis as to why Quant is important within this fourth industrial revolution, you can check out my first piece linked above or do your own (re)search about this virtual revolution and our humanity’s movement towards a global digital economy. I intend to normally provide a background to each project or idea I discover, though, I provided the necessary background within that first article.
Though, allow me to get right to it.
I find Quant to be special gem because:
1: The main institution in control of issuing global standards and rules is the International Organization for Standardization (ISO). ISO is an independent, non-governmental international organization. In 1946, within the city of London, 65 delegates from 25 countries met to discuss the future of International Standardization. Now, it is based in Geneva, Switzerland (quite close to the WEF…) and stands as a network that decides the general rules that all of our countries abide by. Quant’s Founder and CEO, Gilbert Verdian, is the author behind the Blockchain ISO Standard TC307. ISO TC307 is the global blockchain standardization initiative. Gilbert Verdian, according to his Crunchbase profile, “…is building the Internet of Trust by converging Blockchain and Cybersecurity as the Founder and CEO of Quant Network, tasked with connecting the world’s networks to blockchains. Having over 20 years of industry experience and C-level accountability, he has worked across Government in Downing St, HM Treasury, Cabinet Office, Ministry of Justice and NSW Health and private sector at CSC, EY, and HSBC… (he) is the Chair of the UK’s national committee on Blockchain and Distributed Ledger Technologies (DLT/1). He also sits on committees in the Federal Reserve, the EU’s Blockchain Observatory, PayUK’s Cybersecurity board, and UK Government’s DLT committees.”
By not only being connected with the Federal Reserve (those who produce money) with ISO TC307 (those who hold the power to create the rules), I’d say that Gilbert Verdian and his QNT play a large role in what is to come.
2: The Quant Network, and its cryptocurrency, QNT, is considered to be a healthy investment based on both supply and risk (though, this is not financial advice). This attracts all types of investors. The healthier the digital investment, the higher the chance it has at becoming a mainstay among the digital industry. Now, there are only 14,612,493 whole QNT tokens. We can break it down vs. fully diluted supplies of Bitcoin (BTC), Ethereum (ETH), XRP, and Chainlink (LINK). This means QNT holds 70% supply vs BTC, 13% of ETH’s current supply, 0.014% of XRP, and 1.4% of LINK. At this time, all QNT has been minted, no inflation will arise, and Quant Network holds about 9% of the supply. According to another post on Medium about Quant, based on a Utility Valuation Model, “…QNT token will be around $13,000 per token and Overledger will be facilitating around 20 Trillion transactions annually by 2030–2031 with the market cap of around $190B. This implies QNT is massively under-valued at the moment as the current discounted expected utility value should be around $77.” The current price stands around $43.00 during the time of this writing.
As an investment, this sounds extremely healthy, and when accompanied by the other information available about the digital market and future of our economy, QNT is economically and politically positioned to become a powerhouse. This is a project that has managed to gain mass adoption from the worlds largest institutions and will be, in my opinion, one of the most valuable and least risky cryptocurrencies to hold for the next decade along with XRP and a few other coins.
It’s all about utility.
If the Quant Network is the quantum (Quant…um) network that is capable of providing the interoperability to all distributed ledger technologies, and at some point possibly capable of disrupting all encryption, I’m considering the price possibilities compared to the popular BTC (especially if the SHA-256 hash function loses its relevance).
If, in fact, data is more important than oil, I can imagine that QNT, a network of seemingly endless quantum capabilities, will be utilized at some point, possibly as “The One To Rule Them All.” This means that, in the future, owning even a few QNT may be highly advantageous.
3: The utility of QNT, in the grand scheme of the new global order, stands above the rest. Quant rebranded and suddenly released their Overledger Network (OVN) this month.
According to Quant’s blog,
“The Overledger Network is made up of many gateways. Each gateway connects and allows access to a resource such as a distributed ledger, data or API Developers can then use the Overledger Network to consume functionality from any gateway connected resource. For every resource used, there will be an associated price. The community treasury allows developers to pay gateway owners QNT to use their resources.As QNT is on the Ethereum blockchain, the community treasury uses uni-directional payment channels to vastly increase transaction throughput as well as minimizing transaction fee cost. Therefore each developer has a uni-directional payment channel open to the community treasury, the community treasury has a uni-directional payment channel open to each gateway and the community treasury is responsible for routing payments between the developer and gateway channels.”
With Quant’s Overledger, they have the ability to harness the power of multiple ledgers. Quant’s Overledger is the only platform that facilitates the development of decentralized, multi-chain applications (mApps). Not only does it utilize its functions of interoperability for connecting existing blockchains to one another (interconnecting possibilities with just 3 lines of code), it also connects to existing networks itself.
With their Trust Tag, Quant will allow the protection of sensitive and valuable content while providing a visibility of data that draws no comparisons. It is directly connected to the “Enterprise 5” such as, Corda, Hyperledger, Ethereum, JPM Quorum, and Ripple. It is also connected to public permissionless blockchains such as NEO, IOTA, Stellar and Bitcoin. People all over the world will have the ability to build game changing applications with no additional infrastructure, using Quant’s existing resources, and will have the choice of interoperability in as little as 8 minutes.
4: Quant’s partnerships, identified on their website, shows how far the company’s reach has spread throughout the globe. They are partnered with SIA, ORACLE, PayUK, The LINUX Foundation, AccordProject, Amazon Web Services (AWS), Global Legal Blockchain Consortium, UKCloud, Hyperledger (partners with Ripple, The Ethereum Foundation, IOHK), NVIDIA, amongst so many others. These companies, when realized, are some of the largest and most powerful companies within the technological and financial industries.
In addition, the fact that Quant Network is located in London plays a large role in its positioning for the New World Order Agenda. The City of London is part of the global finance regime, controlled by the Rothschild’s. It is not part of the United Kingdom (UK), similar to how Washington D.C. (where Ripple also has an additional office) and the U.S. Federal Reserve are not parts of the United States. In addition to The Vatican City, these are entities out of the grasps of being checked, and work hard to establish and maintain their power to control the human population.
5: Data has been identified as something even more important to the than oil. The world is becoming increasingly digital, and the process is only speeding up.
“As the Fourth Industrial Revolution unfolds, led by advances in technologies such as data science and artificial intelligence, the labour market is again changing in a fundamental fashion. In 2018 the Future of Jobs Survey and Report revealed that business leaders believe that by 2022, human workers and automated processes are set to share the workload of current tasks equally, while a range of new roles is expected to emerge simultaneously as digital innovation is absorbed across industries and regions. In particular, in many large advanced and emerging markets, growth is expected in sectors that will experience the bulk of these new roles, such as information technology, renewable energy, education and the care economy, and in occupations such as data science, healthcare work and human resources. While the new labour market is changing at a rapid pace, emerging data sources are shedding light on its composition with a new depth and dynamism that has not previously existed. Online platforms and specialized insight firms are now offering new and complementary ways to understand how specific skills, tasks and occupations are changing across industries and geographies. While many of these remain limited to specific populations — and difficult to compare and contrast — when coupled with traditional and qualitative sources of data, they can help businesses, policymakers and workers have greater analytic capacity about the present and future of work and adopt better informed and coordinated business strategies and policies.”
The WEF solidifies the importance of data by continuing, “It has become commonplace to refer to data as the ‘new oil’ of the global economy. Data scientists are the talent that provide the ability to extract, refine and deploy this new source of value in the global economy.
This Report focuses on data science, among the most competitive skills of the Fourth Industrial Revolution, in collaboration with Burning Glass Technologies, LinkedIn and Coursera to shed light on how data science talent is being developed and deployed across today’s labour market. In the first wave of digitization, data could be seen as purely a by-product of the functioning of digital applications, operating systems and platforms.
Data is now increasingly recognized as a significant asset enabling further innovation across ancillary fields such as artificial intelligence, which can drive the improvement of services through process efficiency and deliver better results for customers. The dividends of new sources of data and methods of processing are not limited to the private sector; the public sector increasingly uses data to improve government services and academia applies new methods to enhance research. Yet the rapid rise in the demand for workers with skills in data science has led to a shortfall in data science skills supply and intense competition between industry, academia and the public sector for such talent. This has created a high premium on such skills and has reduced the capacity of businesses, industries and entire economies to leverage fully the dividends of innovation.” I wont get into the details of AI, but this is something also worth noting.
Quant will have access to dominating this arena. By acting as the interoperable solution to all existing, and yet to exist, blockchains, it will have access to the flow of all data. When there is an entity that has the ability to access all data, especially when data is becoming one of the most valuable resources on the globe, I’d always consider that we investigate deeper. While the industry grows, the ability for Quant to flourish expands.
Quant has the ability to bring massive change to a truly outdated, corrupt financial and capital market infrastructure, and I truly feel that interoperability will be at the foundation of this revolution. The Quant Network, as a leader in blockchain interoperability, truly has uncapped growth potential moving into the future.
This post was originally published by at Medium [AI]