Stiks09
198 posts


Most people have no idea what they are talking about. And this is ok! Did you know that in order to cross-chain any token via #CCIP or alternative bridge, a contract must have mint/burn functions? 😳 Did you know that all crypto will be subject to a Travel Rule and KYC in 2025? Probably most of you never heard of it. #VASP
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P.S. New listings will come with much more #STBU volumes. We'll get there! #Stobox
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Stiks09 retweetledi

@Cobratate How long before tate coffe brand? I bet in next 6-12 months
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Stiks09 retweetledi

We've recently announced Quant Protect, our cybersecurity services for enterprises transforming their business models, applications and workflows to digital assets and blockchain.
With any nascent technology, the technical and security challenges for enterprises to adopt new tech safely into their business environments are high. 2022 highlighted the risks to digital assets and money if the underlying code is insecure or contains vulnerabilities that malicious actors exploit for their gain. Almost $4B USD was lost in 2022 alone. Smart contracts have evolved to be mission critical components of an organisation’s digital asset strategy. Underlying and powering digital asset transactions relied upon by institutions and users of those services.
Using a combination of static and dynamic analysis with expert assessment, we've developed new tools and methodologies to protect against this increasing threat.
We’re starting with Smart Audit, our enterprise security solution for companies designing and writing smart contracts to assess and remediate any security risks in an automated way which can be integrated into release and deployment pipelines.
As an additional layer of security, your smart contracts can be protected even further with Overledger to authorise and securely co-sign smart contracts to protect against key management risk and on-chain attacks.
We’re bringing our heritage in cybersecurity to make the transition to digital assets enterprise-grade, interoperable and secure.
Contact us to find out how we can help support and secure your mission critical blockchain projects and digital assets.
@quantnetwork #blockchain #smartcontracts #security
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@JackPosobiec They are moving so slowly, nowadays everybody is running somewhere...
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Welcome to the "Corda Crossover"
R3's Corda been dominating the FinTech space since its release in 2016
They've captured an overwhelming amount of enterprise DLT utilities
Since then we've seen them crossover into the public DLT space thru $QNT $XDC $EWT
Let me explain→
To start off lets dissect R3,
They're an enterprise blockchain company that was founded all the way back in 2014
Though their inception wasn't exactly what you'd call "traditional"
They started off as a bankers consortium between 9 banks
🇪🇸BBVA
🇨🇭Credit Suisse
🇨🇭UBS
🇺🇸JP Morgan
🇺🇸Goldman Sachs
🇺🇸State Street
🇬🇧Barclays
🇦🇺Commonwealth
🏴Royal Bank Scotland
As we can see their founding consortium members are quite distributed globally
Eventually the consortium had evolved to an enterprise software firm
With this they released their core solution Corda, the world's first permissioned open source DLT
Let's just say, it was a BANGER
They had raised over $120 Mil USD in their Series A funding round led by 40 institutions around the world
This was the largest ever investment into DLT at the time
Some of the investors/users of R3 Corda are
🏦HSBC
🏦WestPac
🏦Nasdaq
🏦Nomura
🏦Natixis
🏦SBI
🏦Scotiabank
🏦MUFG
🏦ING
🏦Citi
🏦Intel
Today, Corda is one of the leading DLT platforms for enterprises alongside Quorum & Fabric
They've been utilized in various blockchain based innovations such as
-Tokenized security clearing w DTCC Project Ion
-Institutional digital asset exchange w Nasdaq
-SDX chooses Corda for digital asset platform
Needless to say Corda has been dominating this space for years & swallowing up market share of enterprise adoption without the general public even knowing!
But to truly enable and capture the majority of the enterprise blockchain space they continue to expand
While enterprise DLTs typically try to side away from anything relating to crypto
This hasn't stopped R3 from collaborating & integrating Corda with these other DLTs that do have exposure to the crypto space
Though it is important to note that there are projects building in Web3/crypto
Then theres enterprise projects that just so happen to have a utility token
The crossovers we'll be discussing fall into the latter
Let's first look at $QNT
Perhaps one of their largest collaborations is with SIA
The European leader for payment railways and second only to SWIFT
But they don't offer banking services to Europe
They have 550+ banks connected in their network around the world
In fact their private fibre optic network SIAnet spans over 208,000 km
Thats enough to wrap around the diameter of the Earth 16.3 times🤯
SIA & R3 have partnered for one of the most exciting enterprise FinTech collabs
By leveraging SIAnets 600 nodes to build SIAChain integrated via R3's Corda
This will enable SIA clients to leverage CordApps (Corda dApps) regardless of their tech infrastructure
But SIAChain itself isn't actually a blockchain,
Its a private network infrastructure spanning across Europe
Think of SIAChain like a platform that allows banks to leverage blockchain applications through their pre-exisiting tech through SIAnet
But to do so you need a solution to interoperate legacy technology with blockchain
Of course this is where $QNT Overledger steps in
Through their partnership with SIA they've connected various private DLTs to be compatible with the SIAChain supernode network
The interoperated networks into SIAChain include Hyperledger Besu, private Ethereum & R3 Corda
Beyond this we've seen Corda & SIA collaborate on the actual applications live overtop of SIAnet
One of the biggest ones being Project Spunta connecting 100+ Italian banks to DLT under SIA
But that'll be a Deep Dive for another time
For now let's move from transition from interbanking to global trade
You could argue this is the industry that keeps the world spinning
Without global trade every country would be HEAVILY limited in terms of resources for production
Look at China or Russia, some of the biggest exporters and producers of oil & steel in our world
But even then there are countless bottlenecks in global trade
From centralization to lacking liquidity to even the inefficiencies in our supply chain
$XDC is one of the few looking to solve these issues in a compliant manner & unlock full Trade Finance value
A vision that closely aligns with Corda's vision of enterprise grade CordApps at scale
They've had multiple official collaborations with Corda since their early days
All of which are directly integrating and interoperating the Corda and XDC ecosystems together
Which makes perfect sense given XDC's focus on trade finance & Corda's beginnings from finance giants
Theres clear overlap in the crossover
Through @DASL_Me Bridge $XDC can officially be utilized as a settlement token on Corda!
Digital Asset Shared Ledger (DASL) is a platform that offers solutions for settlements, exchanges & other financial services
As Corda doesn't have its own native token, having $XDC bridge into their ecosystem benefits both parties
It gives Corda a solution to settling value
While proving XDC utility outside the ecosystem
But that's not all,
$XDC and Corda had officially collaborated for a partnership back in 2019
This partnership creates the ability to relay a limited set of data and TXs from private channels to the public network
Applications deployed Corda will be able to connect to XDC
This also allows for XDC applications such as Enigio and TradeFinex to be utilized in trade finance settings such as Enigio or Tradefinex
As Corda is also utilized for trade/fin consortium chains such as Contour, this collaboration is a perfect fit
Impel is an application on XDC that allows the translation of transactions into ISO20022 messages
Impel has also set up a bridge to Corda
Though the purpose of this bridge is toward Cordite, a CordApp for DeFi solutions on Corda
The Impel bridge is able to bridge $XDC tokens over onto Cordite as a settlement vehicle
The data of this bridging mechanism can also be kept private
Overall, the XDC & Corda ecosystems definitely have lots of room to interoperate and collaborate for a fully seamless digital world of trade finance
Looking onto the other side we can see Corda has also collaborated with $EWT
Though as Energy Web works primarily within the energy sector these operations do differ slightly
The main highlight of this partnership is the ability to allow for seamless fiat transactions within the Energy Web ecosystem
Simply put, thanks to the financial focus and use cases of R3, energy clients can simply get their energy bills in fiat while all the processes of using EWT token are automated on the backend
The details behind it is having Corda being integrated into Energy Webs tech stack
This allows for seamless transactions and data of the DER registries being relayed from the Energy Web Chain directly into Corda
Which gives Corda the data it needs to turn each transaction into a specified energy credit bill
I've been saying it for a long time, but this is the way toward enterprise adoption
Nobody wants to be interacting with volatile crypto assets to do business
But this partnership also brought other collaborations and crossovers of $EWT into the R3 ecosystem
One of which was when Energy Web Advisor & CEO at the time was invited as a speaker to CordaCon 2020
CordaCon is an invite only event focusing on the technical and business innovations happening on Corda
The main topic of discussion was how decentralized technologies could assist in the adoption of carbon neutral energy utilities
Which fits what Energy Web is aiming to do perfectly,
A decentralized network thats registering all renewable energy assets into their ecosystem
This conversation was joined by 3 key industry players
Muneeb- R3 Head of Product
Ryan Rugg- Citi Head of Digital Assets (Ex-R3)
Varun Dube- Wipro Head of Blockchain
Needless to say quite a powerful panel & those companies are names we commonly see brought up in the space
We can also see that $EWT was actually the first highlighted solution on R3's blog about this panel at CordaCon 2020
They mentioned there were multiple solutions being discussed
Though the only ones highlighted were the solutions of Energy Web Chain/Foundation & Wipro's which is a platform for trading excess energy generated
Seeing that Energy Web was 1 of the 2 solutions that got mentioned alongside Wipro is saying something
The other interesting fact is that Wipro, much like R3 is also collaborating within the EW Foundation!
In fact they had joined EWF in June 2019! Way before this event had begun
Which goes to further show the large entities that are all connected within the Energy Web and now utilizing the powerhouses behind Corda
___________________________________________________
So there you have it, Corda Crossover complete!
It's truly exciting to watch such a massive player in the enterprise DLT space recognize the real utilities building in public blockchains
These collaborations all open doors for new potential collaboration from all the other industry players within each specific sector!
Whether its banks in SIAChain connecting to other banking infrastructures,
Applications on Corda settling transactions with XDC via the Impel or DASL bridge,
Or energy clients paying their energy credits in fiat without even noticing the EWT on the backend!
I hope we continue to see more collaborations and crossovers like this from not just Corda,
But a hybrid between private enterprise DLT and public chain developments
Besu
Fabric
Spartan
DDC
Quorum
MOBINet
A fully functioning open globalized network🌐




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Welcome to "Cities of Tomorrow"
Of any innovation, the concept of smart cities driven by IoT/AI/DLT is perhaps the most eye-opening
IDB & BSN China have already taken initiative
This story will explain how $CSPR & $QNT are rebuilding our cities for TOMORROW
Let's begin➝
Until now smart cities have always just been a concept that we've seen in movies or video games
Wakanda is a great example of this
Paired with other technologies,
The immutable, trustless and transparent nature of blockchain is looking to enable this into a reality
This has been visible in both Red Date Technology & IDB Labs initiative to create cities connected by DLT
The IDB is the Inter-American Development Bank with their mission to support economic & social developments in Latin America & Caribbean
Red Date Technology is a Hong Kong based tech company that is responsible for the services of BSN
🇧🇶IDB Labs with LACChain
🇨🇳Red Date/BSN with ChengDu Chain
We'll take a look at how these fundamentally work in just a second,
But first we have to understand that a smart city requires hybrid cooperation
You need both the privacy and security but you also need public accessibility
This is why BSN & IDB have both opened this initiative as a collaborative mission
IDB has formed the LACChain consortium with members such as MIT, $ETH, $AVAX, Cosensys, $QNT & many others
BSN is a collaborative blockchain consortium in itself made of top established Chinese infrastructural companies
🇲🇽Lets first take a look at what's happening in Latin America!
LACChain was initially deployed in Jan 2023 & currently has 17 countries on their network
It utilizes the frameworks of Hyperledger Besu & serves as the worlds largest public permissioned DLT network
Its been about 8 months since LACChain's went live & we've seen nearly 9 million transactions on the network!
Thats approximately 34,155 per day
Maybe not quite as much as Ethereum but keep in mind these are all real economic purposes & not people sending tokens to swap for gains
As we can see from the image, all LACChain use cases are economically driven
The utilities can vary from:
-Identity Solutions
-Security & Regulations
-Digital Wallets
-Data Exchange
-Certification
Perhaps the most exciting innovation is the creation of the Latin American Dollar
As we know, many Latin American countries are fighting some serious financial issues
From hyperinflation as seen with Argentina's Peso, to the overall inequality
This is where $QNT comes in!
With Overledger providing agnostic interoperability across any technology,
Its an essential solution for multi-party coordinations like LACChain
Beyond just interconnecting the infrastructures within all the countries in Latin America & Caribbean
The agnostic solutions of @quantnetwork Overledger will be a key part in connecting all the vendors and technical players for the creation of the LATAM $
The TL;DR of how this works
-Interbank network in LATAM using OVL
-Payment corridors to between US & LATAM
-Streamline commerce w 1 digital currency
Additionally LACChain has taken part in multiple DLT consortiums & initiatives to expand their ecosystem beyond just Latin America
Not only are they the largest public permissioned DLN, but they are doing so while complying with universal blockchain standard ISO TC 307
We've consistently seen their focus on building within the standard frameworks
In their documents along with their research & conferences with DLT consortium INATBA
Additionally LACChain has seen other regions outside of LATAM & Carrib begin supporting & hosting network nodes such as in the US & Europe
Thanks to @the_IDB we're seeing Latin America & Caribbean exponentially evolve from a developing region to one that could potentially show massive advancements in the coming years!
The adoption of @LACChain is now going global & it'll surely be exciting to see how LATAM evolves
Now lets travel to the other side of the world!
Red Date Technology is a Hong Kong based tech company thats responsible for BSN
BSN = Blockchain-based Service Network
Think of it as like China's R3/Corda!
They support a variety of public blockchain networks though all in the crypto/gas-free forked versions
With China's consistent goals on economic expansions they've also decided to utilize blockchain
While already testing out concepts such as the Digital Yuan & citizens identities on-chain
They want to go above & beyond with advancing their cities with smart technology
Currently there are 2 versions of BSN offered
BSN Spartan, if you're not based in China chances are this is the only option. As it's the version of BSN offered globally outside of China
Why? According to RDT CEO, it's ILLEGAL to run public chains inside China, even without the crypto
BSN DDC, is the solution to this. Its basically just Spartan but for only China & other supported regions they've enabled
DDC = Distributed Digital Certificate
So everything BSN is doing with digitalizing China's infrastructure is ALL on DDC
"But Casper's a public chain how are they in DDC?"
Well as we can see here its more than just Casper that's being utilized for smart cities on DDC
With some of them being public chains such as $EOS & $ETH
What BSN has done is forked these networks for an open permissioned model... think LACChain
In fact BSN has been working to digitalize multiple cities in China
Yan'an- FISCO BCOS
Wenchang- IRITA
Tai'an- FISCO BCOS
Wuhan- Ethereum
ChengDu- Casper
They utilize these platforms paired with BSN's DDC through their open permissioned public blockchain adapter (OPB)
While LACChain has built new economic infrastructures overtop of them,
BSN's smart city applications take a different approach by bringing the established giants into the ecosystem
As the BSN ecosystem is already connected with some of the largest tech infrastructures in China
Seamlessly connecting them to BSN's foundational use cases makes it a seamless onboarding phase
But with the digitalization of any city, compliance with the public sector is a MUST
Especially in a public sector driven economy like China's
These next parts took me quite a lot of digging & Google Translate into the depths of China's blockchain operations
In the images above, the ChengDu govt website we see they had put out a public initiative to explore blockchain utilities
This was on Oct 27 2022
Just about 55 days before ChengDu Chain was deployed...
(Don't mind the strange wording, Google Translate)
Throughout 2023 they worked on the creation of "成都市建设国家区块链创新应用综合性试点专项政策"
This simply translates to "Chengdu Construction National Blockchain Application Pilot Policy"
In simple terms the goal is to have a framework in which blockchain innovations can be used for economic purposes at the national level
This really goes to show China's advancements in DLT developments
While 90% of developed nations are just trying to figure out a regulatory framework
EU with MiCA
US finding where to start
China has already moved onto the integration phase
Its pretty clear that the blockchain framework that the ChengDu government is referencing is regarding Casper & BSN's collaboration
Given that they're building the blockchain infrastructure to on-board the ChengDu economy on-chain
As we can see in the graphics above this initiative has also been recognized by China's National Development & Reform Commission!
Odds are because of the public/private overlap in the smart city developments in China, industry standards are a MUST
In our previous China breakdown we discussed their standardization institutions on ISO TC 307
The ISO standard for blockchain & DLT created by $QNT CEO Gilbert Verdian
Every smart city created with BSN DDC likely follows the same frameworks to comply with China's national standards
Additionally we've also seen $CSPR cross permission swaps with @IBM & @Hyperledger follow the SATP model for interoperability across different systems
The OPB solution plays directly in line with this to create a hybrid ecosystem between individuals, governments and enterprises
Within the BSN DDC documents we also see they're working on bringing IP's on-chain
Something we know $CSPR has some history with through IPwe
IPwe uses the exact model we just discussed of cross permission swaps used in IBM Weaver & Hyperledger Fabric demos at Davos 2022
Could BSN also be adopting this same framework and building out their version of IPwe?!
This would be quite an exciting feat as up to 80% of blockchain patents have all been from China
With so many smart cities developing China, the goal for them to interconnect every smart city into a greater China Network/Ledger seems like the route they'll be going
-----------------------------------------------
The concept of smart cities is without a doubt one of the most innovating concepts of our time
Seeing blockchain at the forerfront of this exciting development speaks volumes on future utility
Both $QNT & $CSPR are accelerating the development of LAC and continuing China's economic growth respectively
It's only a matter of time when all these networks (cities) are ALL connected together
A Digital Twin of our Physical World🌐



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Stiks09 retweetledi

It's a big day for @quantnetwork! Very proud of all the team who have worked so hard and for so long on this.
Today, we launched #OverledgerPlatform. It makes the same enterprise-grade technology that has underpinned our projects with institutional and central bank customers to-date accessible to large enterprises, SMEs and developers for the first time.
This is our way of encouraging mass adoption of a technology that I believe will prove transformational not just to the financial sector but to the world's economy.
Learn more: quant.network/news/quant-lau…
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@Ashcryptoreal Only $qnt @quantnetwork do research and you will thank me,if u never heard before ofc 😅🙄
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Stiks09 retweetledi

Overledger release 2.2.11 connects to Hyperledger Fabric, an enterprise-grade, permissioned blockchain platform.
Read more: buff.ly/3PTqCQy
@Hyperledger #blockchain #DLT #SmartContracts #TheFutureOfFinanceToday

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