Tokenized Bitcoin on Ethereum Explained Binance Academy

Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
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Quant Network in talks about Binance about connecting Binance Chain to Overledger - Allow 570 Banks, Enterprises with access to Binance Chain / Enterprise adoption as well as the ability to use Ripple, Ethereum, Bitcoin etc on Binance Chain - Blockchain Brad Video explains that and much more

https://www.youtube.com/watch?v=G1b9TX6rcuI

34:45 We have been talking to Binance about adding Binance chain and connected Binance chain into Overledger means all the enterprises running permissioned blockchains can access Binance chain through Overledger for the first time, as you can't today there's no way to do it. As well as everyone on Binance chain being able to talk to enterprises resulting in more customers for both parties, but also allows Binance chain to use Ripple, Ethereum, EOS etc through Overledger.

Recommend you watch the entire video (is long but lots of information that explains the scale of this project). Overview of some of the main points below with time stamps so you can refer to the video. Blockchain Brad does really indepth Reviews on projects and doesn't get paid for them so definitely worth checking out his channel as well.
02:15 - Explains verticals Quant are targeting - Financial services, Government, Healthcare, manufacturing, supply chain, IOT
03:40 Bank client that went with hyperledger fabric 2 years ago and used Overledger to migrate to another blockchain
4:35 Working with 570 banks
5:15 - "What ripple have been trying to do talk to each bank and sign them on 1 by 1, IBM with stellar i've heard that hasn't gone to well lately so we are looking into it. They are trying to sign on banks 1 by 1 and that's going to take a long time to do it
6:15 every bank has a payment gateway - does SWIFT, domestic payments, credit cards, international payments whatever the gateway does and SIA runs that infrastructure, secure and regulated by the Bank of Italy, complies to the highest level of security and I ran a similar environment in the UK on behalf of the Bank of England.
So all of these banks have all of these gateways, and on these gateways Sia has SIAChain which is there implementation of 3 blockchains, Corda, Hyperledger Fabric and Ethereum and so these blockchains already exist within that network and there are applications running on them today and what we are doing is these applications are limited because they are running on one blockchain and we're bringing interopreability to it to create cross platform banking applications, core banking applications, this is rearchitecting the banking system that use Overledger and all the different blockchains, but more importantly to allow all these banking systems to connect and interoperate, so this is a big deal, your taking closed secure banking networks and allowing them to interoperate to create new multi chain applications to work across cross border networks
10:26 the clients we are working with banking is just the start, we're working with government, working in research in a huge conglomerate, these are going to use Overledger internally for their group which is all around the world
10:54 we're allowing business interoperability, allowing trade corridors between countries and companies across borders which are not there today, and when you think about whats happening with digital assets and people are making their own tokens - JP Morgan's coin is a great exmaple, i don't see why every other bank is not going to have their own token, so there could be a HSBC one, Santander etc, everyone is going to have their own banking internal token which is used for internal accounting purposes, moving assets. We are allowing banks to communicate openly with each other
14:50 Our vision is to be the foundation of the next financial system (DeFi) and we are reacrchitecting this and we are not just working with retail and commercial banks but also regulators and central banks, this is the level that we are working with.
16:38 570 banks they are going to use the technology at scale and we're not just having an application that does one thing, we're doing payments, clearing, settlement across different networks for all these banks
18:07 what we are doing with our architecture is automating and digitizing that across different blockchains and settling between different types of currencies, tokens, assets, value in real time and that's going to fundamentally change the financial system, this is a global financial change to the financial system we are not just doing bank to bank, we are re-architecting how finance works in the future
19:20 We ran the payment infrastructure for the bank of england and that's treated as the government as critical national infrastructure, thats the highest level of criticality because its so fundamental to the security of the country. By having the experience and know what it takes to run a secure financial infrastrcuture and meeting the requirements of the regulators. First you meet the regulators, explain how it works
24:52 And now we're expanding to the US where we have clients lining up that want to work with us over there. We're going to build US Market specific products from the US, for the US market using Overledger, we're looking at things beyond just banking and payments, we're looking at traditional exchanges, digital assets, asset management, and the same for Australia and other regions.
27:27 we are really looking at ASIA, especially around singapore, hong kong and we are working with partners to go there, just yesterday we had a meeting with a $8 billion company based in the ASIA region and they want to use Overledger for their clients and they are going to help us expand to that region, once we partner with the right bigger players
34:45 We have been talking to Binance about adding Binance chain and connected Binance chain into Overledger means all the enterprises running permissioned blockchains can access Binance chain through Overledger for the first time, as you can't today there's no way to do it. As well as everyone on Binance chain being able to talk to enterprises resulting in more customers for both parties, but also allows Binance chain to use Ripple, Ethereum, EOS etc through Overledger.
49:08 Oracle is one of our partners, they love what we are doing, they have looked at the technology and said interoperability is something all our customers are wanting and we are working together, we are part of the Oracle Startup ecosystem and there's more coming from that space, enterprises love the technology and its not just Oracle, but others that i can mention once allowed that want to take our technology at scale to their customers because it solves the biggest painpoints for enterprises and from a competition perspective rather than building they are partnering.
50:04 These are multinational global organisations with 100,000 + employees, this is the scale that we are working towards to take Overledger to the mass market. We can't do it one by one in each country and sign them up but we can partner with someone that has 100 customers and they can take it to all their customers as well which helps with the adoption of our technology
53:25. Regarding exchanges we are under NDA with a few but we are focusing on Exhcanges which are good enough for the volume and the clients and the scale that we bring. Just being transparent we are looking at traditional exchanges that also have the ability to look at Digital Assets and Quant Token is a digital asset, the market has changed since last year the big players have onboarded the ability to talk and transact digital assets on traditional exchanges that do stocks and bonds and derivatives and all traditional finance products. The market especially in Europe there's some regulatory stuff in the US that some are waiting to clear and thats fine but we're going to cater for all markets because what we bring is that Enterprise depth and volume because people need the QNT token and its explained in the Utility paper.
54:58 You need the QNT token to access the ecosystem, you need it for transactions and volume and from a security perspective nothing will run unless you have the tokens and all transactions have to be signed and validated and encrypted using the keys and the QNT token for security purposes, so without it nothing will work
55:40 Regarding when are we going to see the traditional exchanges - is it going to be sometime this year - yes absolutely, definitely sometime this year.
1:06:25 we have a couple of development houses that are using Overledger in telecoms for their customers and looking at royalties and building that on Overledger which is all multi chain. We've got some others in banking that are separate to the SIA banks and supply chain and yes there's lot of clients.
1:08:30 People need to understand that patents are key to keeping the IP and the value of the technology you're building and like every other technology company like Apple, Microsoft or whatever they all have hundreds of patents to protect
Last week we had one which was published and that's taken around 2 years to get to that level and then we just add more patents to support that one and then we have to go different jurisdictions. It's very important to us because you're keeping the value of the technology and you're protecting the value of the technology and if someone tries to copy it we've got the patents that protect it and helps the company
1:11:30 No we're not planning to exit, we're here for the long run, we see the potential, our customers see the potential we have a lot of investors talking to us who see the potential of what we are doing. we have the managing director of Rockefeller Capital Management on our board and there's other people at that level are going to join as well and so we're taking this as a long term thing and globally. We have had queries about that from a few in the last year and we have said no, not interested
You can also find out more info about Quant at the following:
https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069
https://medium.com/@CryptoSeq/quant-networks-overledger-part-eight-enabling-enterprise-mass-adoption-f0e0e41363ab
submitted by xSeq22x to binance [link] [comments]

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EOS Dan Larimer Takes Down Bitcoin Ethereum Blockchain | Binance Launch Pad, Huboi, Bibox submitted by W1ngIt to hahahahahahahah [link] [comments]

EOS Dan Larimer Takes Down Bitcoin Ethereum Blockchain | Binance Launch Pad, Huboi, Bibox

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