Website: https://www.quant.network/

Project Summary

OverLedger = The first inter-operable blockchain operating system that facilitates the internet-scale development of decentralised multi-chains applications.

Overledger is NOT another blockchain, it’s the “Overledger” that sits on top of blockchains providing a meta-gateway

Problem it solves: The major limitation of modern day blockchain is the inability of blockchains to communicate with one another. Example: why can’t a smart contract executed on Ethereum be recognised by the Hyperledger blockchain?

OverLedger is focusing on three goals:

1. Developing an interface to connect the world’s networks to multiple blockchains.

2. Bridging existing networks (e.g. financial services) to new blockchains.

3. Developing a new blockchain operating system with a protocol and a platform to allow developers to easily create next-generation, multi-chain applications.

Quant Network will pursue 4 main revenue streams:

Quant App Store

Developers can release free MApps (Multi chain DApps) applications. For these applications the usage charge can be set to zero for the transaction. However, it will be a prerequisite that the client utilising the application holds a minimum number of QNT tokens in order to access the platform and use the solution.

Quant SAAS products

Quant will produce sector-specific technology and solutions that are unique to that sector and industry and will help organizations and governments to navigate through the complexities of the new distributed hyper-connected economy.

In particular, Quant will focus on Financial Services, Healthcare, Supply-chain and Government opportunities.

Quant Entreprise and Middleware products

Quant blockchain consultants are in the process of developing use cases to build enterprise applications that are truly decentralized, operating across multiple blockchains. These are the areas they are exploring: Decentralized exchange of value; Electronic Health Records; Decentralized Messaging System. As Middleware products Quant is exploring: Treaty Contracts; Identity Broker to authenticate and authorize users to access blockchains; Fiat currency gateways.

Licensing of Quant IP

License Quant IP to manufacturers and Internet providers/blockchain providers.

In December, Quant Network filed an EU Patent to protect the intellectual property rights of the company and inventions behind Overledger. They’ve been working with the Rogers and Withers LLP in London to create the patent and IP strategy to protect the inner core of their technology. Their roadmap and strategy consists of expanding the scope of the patent to other jurisdictions in order to cover the various aspects of our technology.

Quant Network Team

Gilbert Verdian (CEO)

Gilbert has been working in Cybersecurity for 20 years at CIO/CTO/CISO level in Financial Services, Governments, Consulting, and Industry.

He’s also the founder of Blockchain ISO Standard TC307 where 40 countries are working together to develop the Standard.

Experience: UK Government, HM Treasury, Downing Street, Department of Health, Ministry of Justice, BP, HSBC, CSC, EY, PWC

Paolo Tasca (Chief Strategist)

Paolo Tasca heads up the world’s largest Blockchain Centre at UCL, The Centre for Blockchain technologies and is a Digital Economist with an economics background in central banks.

Collin Patterson (CTO)

Colin is technology innovator with a 20 year background in Information, Cybersecurity, and A.I. working in Financial Services, Government and Industry.

Experience: Deutsche Bank, Nationwide, BT, CSC, NHS, QCDA

Jean-Paul de Jong (Chief Strategist)

Coming up to 30 years of industry experience, he has worked across Government in the Army, HMRC, Border Force, National Crime Agency and Europol. And private sector at Eli Lilly & Company, KPMG, Compaq Computer, PrimeLocation, Camelot, Airwave, Avoka and Citibank.

Chris Adelsbach (Advisor)

Managing Director of Techstars; Chris is a London-based entrepreneur, FinTech investor, advisor, and mentor. He is a Managing Director at Techstars, the worldwide network that helps entrepreneurs succeed.

Chris has spent the majority of his professional career in the United Kingdom. He had an 11 year career at GE Capital before co-founding a specialty finance company in 2006 that became one of the UK’s fastest-growing privately held companies. In 2014, Chris and his co-founders sold their business to a NASDAQ listed entity and large U.S. Private Equity group.

At Techstars, he spends time meeting founders, mentors, partners, and funders to help accelerate the growth and success of early stage FinTech companies. He has spoken at numerous trade missions and is frequently asked to advise international banks who want to launch open-innovation platforms and governments who want to support startup ecosystems. He mentors FinTech founders in London, New York, Tel Aviv, Dubai and Cape Town.

Roadmap:

1. November 2017 — Prototype development

2. December 2017 — Patent filing. Filing of a EU Patent “Blockchain Communications and Ordering” Patent number: 17425121.5–1217

3. Q2 2018 — TrustTag (first SAAS product) first version release + Open Source SDK — Released v.01a

4. Q3 2018 — Quant SAAS product release + File the 4 total patents in other jurisdictions

5. Q1 2019 — Quant App store + Open Source SDK — Released v.01b

6. Q3 2019 — Quant Entreprise MApps + Treaty Contracts developed

Partnerships

Quant Network is the only project we know of in this space which is listed under “Technology” section of the Accord Project ( https://www.accordproject.org/ )

Hyperledger, IACCM, W3C, IEEE, Sovrin, Trusted IoT alliance and many other firms are a part of the Accord Project. The Accord Project is an open source software initiative established with the leading technical body for blockchain and distributed ledger technologies (Hyperledger) and contracting bodies (IACCM) to establish a hybrid of legal and technological standards for the future of legal contracting.

HAW Hamburg University — partnership to create a framework for new cross chain treaty contracts

Final Verdict

Quant Network Overledger is tackling a crucial problem of interoperability in the current blockchain infrastructure with a strong utility use case of the QNT token on the Quant platform. QNT has been registered as a utility token by FINMA.

68.19% tokens are being sold to the public for 40.6m which we feel is in the sweet spot for a project of the scale of Quant Network. We have seen many projects come out with a hard cap of 20–25 million for 30–40% of their tokens being sold to the public, we strongly feel Quant’s token metrics are better for the initial investors, as the use of Quant Platform grows, the QNT tokens required to access the platform by developers and clients will have to be purchased primarily from the public.

On 22nd March, 2018, Quant Network (Overledger), Wanchain, and Cardano each joined Novum insights to present their technologies and engage in an open-floor Q&A moderated by Mike Butcher, editor of TechCrunch. To share the same stage with Wanchain and Cardano would not have been an easy task for any project in it’s ICO stage, this is a sign of the bright future ahead for Quant Network.

They have AMAs planned with some famous youtubers in the coming days, following which we expect the hype to really pick up on this project.

Quant Network (Overledger) is currently engaged with the UK Government and other Governments on a number of fronts. Through the Blockchain ISO Standard TC307 Gilbert Verdian founded, through working with the Bank of England, wider through working with the Federal Reserve in the Secure Payments Taskforce, and Paolo is working with the EU in Electronic Money Supervisory Commission and the UN. They’re also developing RegTech MApps for Regulators.

Gilbert Verdian was working in the Government when the idea of Quant originated, and being the founder of Blockchain ISO Standard TC307 where 40 countries are working together to develop the Standard, they have the required government connections at all levels to turn Overledger into a monster project.

Token Metrics

ERC-20 Token Symbol: QNT

Hard Cap: $40.6M

Token Distribution:

Total supply: 45,467,000 ONT

68.19% — Tokens available for sale (31,00,000 QNT)

13.67% — Team, Advisors, service fees for third party providers (12 month vesting)

18.13% — Reserve (for operational costs for development of Quant Ecosystem)

Disclaimer: None of the above is a financial, investment or legal advice. I am not a financial, investment or legal advisor. The above is purely my personal opinion and you should always do your own research before investing in any ICO and understand the risks associated with the same.