“Blockchain interoperability will transform global payments systems," says Gilbert Verdian.
10 February 2022
Our CEO Gilbert Verdian is profiled in this week’s issue of Digital Rubicon, a newsletter written by former HedgeWeek and Private Equity Wire managing editor James Williams that explores how digitisation trends are shaping the world of private market investing.
Gilbert recounts the origins of Quant, how he helped establish the Blockchain ISO Standard TC307 in 2015, and why ultimately he believes it’s blockchain interoperability that will transform global payment systems. He tells James: “Blockchain allows you to safely trust the networks, the cryptography, the scalability and the resilience to run monetary transactions on a better network. The next iteration, or evolution of these DLT-based networks, is going to be the one that runs the world's transactions globally.”
Feature
Overledger 2.x
Overledger 1.x
Authentication
OAuth 2.0 standard (allowing SSO)
Proprietary (BPI Keys)
Functionality
In API, seamless updates
In SDK, re-download for updates
Standardisation
Full abstraction across all DLTs
Partial, DLT-specific edge cases
RCG Framework
REST / JSON APIs from OVL Core
Proprietary P2P (experimental)
Time to Deploy
32 minutes (CI / CD pipelines)
1-2 weeks
QNT Utility Token / Treasury
Optimised, audited smart contracts
Experimental smart contracts
Microservices
Optimised to scale fast – 23 Microservices
Hardened proof of concept
– 9 Microservices
Transaction Routing Algorithm
6 factor, game theory optimised
Experimental P2P emergent
Databases
Cloud native (scaling / resilience)
Standalone DB deployments
Cross-DLT Implementation
REST API calls direct to OVL, integrated smart contract back end
SDK-based Javascript
apps call smart contract functions
via OVL
