1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT
https://t.co/vOkcW4amqd
2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.
3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:
✅@MIT
✅@intel
but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.
4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
https://t.co/WWTMg4tDEf
5/“I have always had an idea of creating an #internet protocol for money, from my earlier discussion. I have been thinking on how to do it, and what is the best way to do it and comparing stuff that we have done in the #ISO standards and all the other standards.” $QNT
6/I thought there’s a room for us to create an open digital asset protocol that anyone can implement and use,allow any institution to host a gateway in front of their org to give access to resources,to give access to trxs between their internal network and external participants.
7/“I started thinking, what was the best way to do it, and I kept going back to
@ietf . IETF is the Internet Engineering Task Force, they are the ones that endorsed and enable TCP/IP to happen. They are the ones that basically created the protocols that run the #Internet.” $QNT
8/“MIT understand where this is all heading. They’ve got that foundational core internet technology background to be able to do this. I am talking about BGP and routing protocols and stuff that powers the internet of today. I approached them, I said, look, I have got this idea.”
9/“We need to create a #protocol that can allow the seamless move of #digital assets between different #networks and different gateways. What do you think? They agreed. They said, this is a great idea. This is the wider
@MIT .It is not the DCI.”
$QNT
10/“We kicked this off, and we have been working on it for the last few months. Now, it is at a stage where we had our first #IETF meeting yesterday.
We have got the #US Government involved, this thing that we put together, it is public already.” $QNT
11/There is the likes of #Juniper and
@intel part of it,#Payment and #Telecom companies interested in it. It started to be a big thing, and we are looking to create Internet scale protocol to move digital assets between different types of networks and different types of gateways.
Knowing all of this I personally find it unbelievable $QNT is still under 150mil mcap which is crazily undervalued if you compare it to some of the top projects where it definitely belongs to:
$ADA- 4 billion
$XRP - 23 billion
What will happen with $QNT once it all comes out?
https://t.co/treojRgJhR
