Overledger Business Paper
10 March 2018Download PDF (517kb)
Dear Quant Community,
Hope this newsletter finds you all well. The Quant team have had a very busy couple of months but we are excited to share a few key updates. In June, you may have seen that our CEO, Gilbert, Head of Quant Health, Lara and Head of Corporate Affairs, Loucineh returned from a very productive trip to Washington D.C.
The objective of this trip was to further build relationships with multiple stakeholder groups in North America including the media, government and enterprises. We have since scheduled a series of meetings with prospective partners across various sectors from automotive to pharmaceuticals and energy as well key agencies within in the public sector. To say that it was a successful trip would be an understatement and it’s reiterated solutions that Overledger offers are truly endless.
Gilbert also had the honour of speaking at the National Press Club on how Overledger is truly harnessing the power of blockchain technology for the greater good including how we can help address the opioid epidemic, which is an ever-present and growing concern in the US. You can read the full speech here and catch the highlights on our YouTube channel.
Despite there being so much focus on stricter regulations and general distrust of cryptocurrencies — especially in light of the recent Mueller investigation in the US — we were able to generate some media coverage around the potential of blockchain technology both in this article that ran on US News and in the opinion piece that Gilbert penned that was published here on Fox. Last week, Gilbert was also quoted in Politico in relation to the security concerns around virtual currencies and the nature of blockchain. Given his extensive background in cybersecurity, it’s no surprise Gilbert is fast becoming the sought after expert for commentary on any issues related to blockchain in the media.
Last month, we initiated an internal initiative we named Demo Fridays where we share the latest progress the tech team have made. In the most recent update, we included a super sneak-peak of the Developer Portal that the team are busy polishing up.
The Quant Dev portal has been designed by developers for developers.
Not only is this where developers will be able to access the SDK but there will also be a forum function for questions and discussions. We envisage that this will be a great resource for developers to better understand and use the technology and help build their own exciting and game-changing multi-chain applications (MApps). We will share a demonstration of the portal and more information in the coming weeks and each month we will provide a summary of the updates on Medium.
We have recently engaged a great creative agency, ZZ&D London, to help us to refresh and align our branding of both Quant and Overledger as well as our other offerings including Quant Sentry. The process has been quite a great experience for the entire team as we have been able to formalise our vision, values and help us articulate how we want to shape the future and build the internet of trust. The team at ZZ&D presented three concepts and we settled on the second one and we are all now furiously building our new suite of materials, refreshing the website etc. We look forward to unveiling this all in the coming weeks too.
As many of you may know Trust Tag, is a key component of Overledger — it’s essentially the tokenisation of data that can follow across multiple chains. It’s quite an ingenious technology that is one of the many things that set Overledger apart from other interoperability projects.
GoVerify is a new anti-phishing and fraud technology designed to restore consumer trust by providing a new way to verify the phone calls, emails, texts and letters you receive are from the organisations they say they are from. As way of background, the annual cost of fraud in the UK could be as high as £193 billion per year, according to a report from Experian, which equates to £6000 lost every second every day. More than five and a half million cyber offences are now thought to take place each year, accounting for almost half of all crime in the country.
We’re happy to announce this week GoVerify using the Trust Tag technology was invited to present to Lloyds Bank to help their customers and will be adopting this technology. Again, we look forward to sharing more details on this partnership moving forward.
In light on the recent concerns with cryptocurrencies and a push for stricter regulations — the importance of effective AML (anti-money laundering) and KYC (know your customer) practices are more important than ever. To that end, Quant Network is excited to share that we are extending our suite of offerings to include access to the Quant Sentry platform which enables end-to-end KYC, AML and escrow for the digital economy and ensures that start-ups are able to efficiently ensure their due diligence and the security of their token/coin sales.
While the Sentry site is under construction, we have already deployed the platform to our first ICO client in the property sector but are also in discussions with some exchanges that may benefit from the platform.
If you’d like to know more, please reach out to the team via [email protected]
As we had previously communicated, we’d like to streamline our communications across our channels so as to ensure we are providing the most relevant information in the most relevant format to the right audience. We want to remain engaged with community that has supported us from the beginning and provide pertinent updates but also balance that with remaining focused on the task at hand which is to build a superior product in Overledger and establish a customer base for that product and in doing so ensure the utility and drive usage of our platform powered by QNT tokens.
As such, we are excited to announce a few new initiatives.
This newsletter marks the first a comprehensive monthly newsletter that we will be sharing on a regular basis both via email and published on Medium.
Similar to quarterly investor calls — this will be a live format where our CEO will open and each relevant team or function lead updates or summary of latest progress and we will then answer questions although we encourage the questions to be provided ahead of time. We will then issue a written summary as well as a recap of the video of the AMA on our YouTube channel.
Despite the title these monthly Quant Tech Talks will not be centred on the actual technology nor geared to a technical audience but instead these discussions will essentially explore the real-world challenges, applications and solutions that Overledger presents across various sectors from healthcare to automotive and everything in between.
The first subject will be on how Overledger can help address broken health systems around the world and specifically looking into the growing opioid epidemic in the US. The Quant Tech Talks will be facilitated panel discussions and over time we expect to include our partners and other guest speakers. In the first instance this will be shared via video online but then progressively we also want to incorporate a live element where we can open them up to the community to attend. Our inaugural Quant Tech Talk will take place early October with more details to come.
We are also planning to continue our media relations activities, hosting live events and building on all of these initiatives and delivering an Annual Report in addition to all of these regular engagements.
If you’d like to submit suggestions, topics or partner with us on future Tech Talks please email the team at [email protected].
Since our Token Sale, we have been steadily growing our team as per our Road Map and are incredibly proud of the calibre of talent we have been able to attract. We have developed a series of profiles of our stellar team members starting with our Chief Architect, Jean-Paul de Jong who has been on the journey with us from the beginning. Be sure to subscribe to our Medium for regular updates.
As our team is steadily building, we are also settling into our London HQ offices located in Kings Cross. In our outreach with mainstream media we often conduct desk-side briefings at the various bureau offices. We recognise that given the nature of crypto media — that same approach is not applicable. In parallel, we’ll be inviting select crypto centric media and influencers to tour our office and meet the team. If you work in cryptomedia or are considered an influencer in this space, happen to be in town and would like to take up the opportunity for a desk-side briefing at our premises — please get it touch with our team via [email protected]
The tokens from Token Generation Event (TGE) have now been released. We recognise the Token Supply information is not accurately reflected on Etherscan. It’s currently showing the theoretical total supply from the smart contract versus the actual amount of tokens created. We are working on getting that updated and finalising the token burn as a matter of priority. We will keep you informed as we progress.