Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces
1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets
https://t.co/PbjQkSlTT3
@quant_network are collaborating with MIT in the creation of ODAP
$QNT
Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...
You can read more about the gateway protocol ODAP in this 21 tweet thread
https://t.co/zh0p8mYiRG
See this 21-tweet thread about the creation of an Internet scale protocol to move digital assets involving Quant, MIT, US Government, Intel, Juniper, Payment and Telecom companies \U0001f447https://t.co/n7VGIIlAvq pic.twitter.com/mTUEmCMFZM
— Seq (@CryptoSeq) December 22, 2020
"We motivate the need for blockchain gateways and blockchain gateway protocols in the following summary:
✅Enables blockchain interoperability:
Blockchain gateways provide an interface for the interoperability between blockchain/DLT systems that operate distinct consensus...
An Overledger Gateway can connect to many blockchains and APIs and enables access to them all through a single API
"✅Ensures blockchain network autonomy:
The use of gateways as the interface point between
blockchain networks permits each blockchain network to evolve, where new innovations and new technologies can be deployed interiorly within a blockchain network without..
network in the same vein as the original vision of the IP Internet."
Quant's solution was designed with this in mind, taking inspiration from TCP/IP
https://t.co/YqFeVqrlFj
There is a growing need for virtual assets to be moveable
across blockchain networks, a need that will only increase with growth of CBDC tokenized currencies. The use of blockchains permit innovative asset movement protocols to be developed..
"✅Enforcement point for AML/KYC regulations and international taxation:
Gateways as the “landing points” for virtual asset entering into (departing from) blockchain networks becomes
an enforcement point for AML/KYC regulations...
Quant are working with regulators to enable a compliant solution to be used by Central Banks, Banks, Governments
"✅Enables integration with legacy systems:
The use of a standardized gateway-protocol between
peers of gateways permits one of the blockchains to be substituted for a legacy system (e.g. financial database systems) without impact to the remote peer...
More from Crypto
0/ The Great Crypto Reversal
Key difference between the '17 and roaring 20s in crypto is that back then everyone was aping a16z and Naval.
Today everyone apes 3AC wanting to be the next Degen.
'17 was an idealistic *saving the world* kind of thing
20s is *me against the world*
1/ The financialization of crypto means more volatility but pretty long ascend to the top.
Multi-year bull and an ATH surprising even to the biggest bulls as the infinite Cantillon "wealth" is pumped into crypto
Crypto becomes the ultimate Cantillon insider circle-jerk.
2/ This will be one the most iconic ideological reversals in history, comparable to Google who was firmly against advertising but turned into the most powerful ad company ever.
3/ This scenario reminds me of the 90s privatization period in the post-socialist countries.
The regime transition allowed the communist party elite to benefit from the wild west form of "capitalism" that ensued, transferring (and multiplying) their wealth into the new regime.
4/ We are far from Satoshi's original vision . But words and intentions of *prophets* were used to manipulate and corrupt all throughout human history and this time it is no
Key difference between the '17 and roaring 20s in crypto is that back then everyone was aping a16z and Naval.
Today everyone apes 3AC wanting to be the next Degen.
'17 was an idealistic *saving the world* kind of thing
20s is *me against the world*
1/ The financialization of crypto means more volatility but pretty long ascend to the top.
Multi-year bull and an ATH surprising even to the biggest bulls as the infinite Cantillon "wealth" is pumped into crypto
Crypto becomes the ultimate Cantillon insider circle-jerk.
2/ This will be one the most iconic ideological reversals in history, comparable to Google who was firmly against advertising but turned into the most powerful ad company ever.
3/ This scenario reminds me of the 90s privatization period in the post-socialist countries.
The regime transition allowed the communist party elite to benefit from the wild west form of "capitalism" that ensued, transferring (and multiplying) their wealth into the new regime.
4/ We are far from Satoshi's original vision . But words and intentions of *prophets* were used to manipulate and corrupt all throughout human history and this time it is no
At "forever" Cantillon insiders are infinitely wealthy. Everybody else lives in pods & eats what the livestock eats, or joins the harem or household staff of an infinitaire.
— Nick Szabo (@NickSzabo4) January 21, 2020