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System that is going to allow traditional financial institutions into the crypto space the blockchain that I’m of course talking about is quants the token associated with Quant is qnt now Quant network is not a blockchain however it does have a token which is used to pay for fees and there’s various Other utility to it which of course is the Quant toker which lives on the ethereum blockchain as an erc20 so what I want to do in this video is talk to you a little bit about what Quant is for many of you it’s new we’ve spoken about Quan perfect a handful of times on this channel but this is a blockchain project that is not only doing something exceptionally interesting but is actually making major Headway in the traditional Financial world we we’re going to take a look now at an announcement from Gilbert verdrum who is the founder of Quant Network We’ve got a quite a few videos coming up where we’re going to be just looking at specific cryptos and doing a deep dive on them showing you what they are how they work everything in between where um we’re really going to focus on fundamentals of projects and we will Look at Quant one thing that I found when I was looking into Quant was indeed Gilbert’s background which is impressive to say the least very much seems like the man for the job to build a blockchain project that is trying to integrate with the traditional Financial world but allow that world to gain Access to the entire crypto space through what they call an over Ledger OS over Ledger OS stands for over Ledger operating system very interesting let me just go ahead and get rid of my face and show you the tweet from Gilbert the CEO talking about a pretty big milestone and What’s currently going on with Quan then we’ll talk about the Quant um projects look at a few other statements and then we’ll refer this to the sort of price action so so the reason for me making this video was really on the back end of a tweet from Gilbert verdium It reads I am incredibly proud to be able to announce that Quant network has been collaborating with the bis Bank of international settlements Bank of international settlements and the bank of England on Project Rosalind a project designed to implement a cbdc API and platform um and testing use cases for cbdc’s with Financial Service participants we were chosen to provide the technology so they’re providing the technology for this because of our history of innovation expertise in financial services and a deep experience in payments previously running Mission critical infrastructure only we can do what the project needed for from a technological partner and payment expert The cbdc has produced tangible real world examples of the test how cbdcs could support a more digitalized economy in the future working with participants like the Bank of Canada Barclays MasterCard and Amazon who built and tested new BD cbdc payment flows on the platform cbdc’s are coming I encourage every bank and financial Institution to read the project Rosalind report and start planning their smart money infrastructure strategy so how is Quant going to be able to facilitate this well Quant actually doesn’t rely on its own blockchain it relies on the crypto space and it offers I think they’re partners with R3 Corridor with ripple Um Ripple are also working with the bank of England very interesting you know we think xrp is going to win the lawsuit we’ve looked at all that previously but this is all very interesting because Quant doesn’t actually provide the services itself to do this it provides the interface to be able to um Connect with the services I.E the the crypto space it is so so interesting this project you know it’s really time that we start paying a little bit more attention to it there’s a number of cryptos we also covered quantity now ISO or is20022 standards video uh a standard That’s going to become very applicable to how money transfers around the world Quant is already in line with those standards this is essentially the over Ledger Network which Quant actually uses um two components required you’ve got the over Ledger OS which is the operating system and then you’ve got the over Ledger Network Which is the kind of network of people using that system this is essentially how comp Works you’ve got quantum you’ve got existing networks so you’ve got platforms Enterprise systems and applications then you’ve got Enterprise permission blockchains which are coming I don’t believe we’ve got that many of them just Um yeah in regards to institutions building but we do have things like Ripple jpms aquarium so JP Morgan corium hyperledger you’ve got a number of others here there’s going to be much more and then you’ve got public blockchains like Bitcoin ethereum Iota EOS Stella so on and so forth that these Other networks can harness and you can kind of interoperably connect with things so for example if you wanted to send if you wanted to use Bitcoin security but use Stellar lumen’s speed you can do that with Quant so Quant is not an actual blockchain but it’s a operating system that allows you To interact with the blockchain space and kind of bridges um the traditional Financial world with the crypto space and this is the world that we’re moving towards you guys know it’s absolutely my opinion that everybody is going to be using blockchain in the future the same way we All use our mobile phones we don’t even think about the technology or the technological Revolution that that was we take it for granted now because it’s here blockchain’s similar we’re communicating over the Internet we’re doing it on a PC these are all revolutions the lights are on right now This is electricity blockchain is the exact same and Quant are doing some really interesting things um we’ll look at a number of other comments so the project Rosalind Rosalind is something they’re pretty proud about because they put it right at the front of their website um Quant collabs with the bank of International settlements and the bank of England on Project Rosalind uh project Rosalind directed by the bis Innovation Hub London Center has been testing how apis could facilitate retail payments in CBD season support exploration of innovation Innovative cbdc use cases um this is more so so quite aren’t just Doing this they’ve got a lot of other things going on you can see who they’re partnered with one thing I want to mention is a lot of people will say well you know and one of the reasons I got into Bitcoin was because the social properties the social Revolution that it Also brought with a technological one free money you guys know that I’m a Libertarian I’m a big Austrian Economist in regards to I largely agree with a lot of what I find it one of the more the better schools of economy um and one that I kind of identify with I guess I am not for cbdc’s right this project is helping to facilitate cbdc’s cbdc’s are coming whether we like it or not from an investment point of view this is a big sector and a big use case that’s being used quants making Headway from an investment point of view it makes sense From a freedom point of view perhaps Quant doesn’t make sense um that’s just my take on it I’m not bashing the project here I just think it’s more of an investment for me than a blockchain that I’m kind of like really behind and I think it’s doing some Amazing things even if you look at sort of but the non-use case of cbdc is a small to medium Enterprise an SMA they can use Quant to use the blockchain space so they are Quant doing some pretty insane things in regards to not just cbdc’s but Bridging the kind of the world with Um crypto so there’s yings and yangs to it in regards to cbdc’s we’re not four cbdc’s um you can also see that Quant on cbdc’s actually spoke in Europe they were joints with Deutsche Bank who recently filed for a crypto exchange or a license to do that JPMorgan nexi and the European Central Bank so it’s not just the bank of international settlements the IMF you know Bank of England and multiple central banks are all uh looking towards this technology this is from the bank of international settlements themselves project Rosalind provided lessons on key aspects of retail um cbdc systems such as API designs Privacy models security standards offline payments private sector programmability and ecosystem roles and responsibilities again talking about project Rosalind the bank of England and here you have Barclays Chief technological officer participated in Project Rosalind a joint Enterprise uh yada yada yada Barclays prototype a novel use case for payments On physical delivery wow which include simulating a consumer purchasing a product online with a payment amount being locked in the consumer cbdc account and then release for the payment when the consumer organizes physical delivery Quant doesn’t just make me bullish on Quan it makes me bullish on the entire space You know and you can you can hear the excitement in my voice in regards to this project and what it’s doing but as an investor this sort of stuff gets me excited you know we assess that this Market’s going to be huge Quant is part of this Market Becoming huge as it needs to bridge with the traditional Financial World Quant is doing that and whether you and I don’t agree with cbdc’s at all um but they’re coming and from an investment point of view this makes sense for a freedom point you know I can’t even argue that it doesn’t make Sense but cbdc’s are certainly not something that we’re on board with so let me know in the comment section guys I just want to keep this short and sweet maybe introduce it to some of my following um it is a very interesting project with some huge sort of Um Partners it’s got a real world use case which is always good to see it’s not suffered as much as many of the other cryptocurrencies certainly the altcoins um but I will do an entire video on Quant as a project looking into the specifics you know really kind of A video to help people understand exactly what con is why you’d use it how you’d use it what it does and everything in between the history of it and so on and so forth so stay tuned for that guys that’ll probably come in a couple weeks Time on that note I’m gonna love and leave you let me know your thoughts comments and concerns about Quant if you’ve enjoyed the content as always like us appreciate it as a comment and I’ll catch you all in the next one thanks a lot for watching guys see you in the next Welcome back! Today we will be exploring Quant network QNT and why you may want to also! 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