There are a few reasons to be bullish about the $QNT token this week. We dive into some of the latest news that might mean that $QNT is about to start a bull run.
This week Gilbert Verdian, Founder and CEO of Quant, posted on the X platform:
“This is how entire industries are developed. The internet wasn’t created overnight. It took decades to establish the infrastructure to then run use cases on top like e-commerce, web apps etc when it became mainstream.
“Same for mobile and telecoms. We didn’t get to 5G in years. It took decades to establish the GSM and LTE standards first with SDOs, for industry to then implement and run commercially for end users and enterprises to use. It’s the same for blockchain infrastructure. We’re in the 1996 equivalent of the internet but for blockchain. It’s now becoming mainstream.
“Quant’s mission has always been to accelerate the adoption of blockchain.”
What brought about this post by Verdian? One must dive deeper into the X platform to find out.
The Swift Institute Working Paper
Verdian’s post was as part of a response to a post about the Swift Institute Working Paper titled “Payment ‘Tokens’: a Route to optimizing liquidity management?”. Within the paper it states how some of the work to address the need for inter-operability solutions for blockchain has already been started. It mentions the Secure Asset Transfer Protocol (SATP). Furthermore, it suggests that a fuller adoption of the Global Legal Entity Identifier (LEI) as a standard identifier would support the addressability of Single Pools of Liquidity or SPooLs.
It mentions how the LEI itself is a 20-digit, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization.
This initiative has some of its roots in what Verdian has been advocating since as early as 2013. He has often highlighted how blockchains needed to become compatible with ISO 20022, to allow them to interoperate with existing financial systems. This and other similar initiatives led to the establishment of ISO TC307 in 2015.
Quant Formed Part of the SATP Working Group in 2023
Verdian confirmed this week on X that the team at Quant helped establish industry standards with international standards developing organisations (SDO), implemented by standards setting organisations (SSO) and used by industry for mainstream adoption.
It’s this work with the Internet Engineering Task Force (IETF) that is also being recognized. Online commentators suggest that Quant has almost no competition in this space. In 2023 the UK digital assets leader shared a story where Quant was listed alongside colleagues from IBM, MIT, EY, and others as part of an IETF working group. Quant has been at the forefront of the initiative ever since. The company sees SATP as a core infrastructure of the future. One that is becoming a reality.
The news saw a small surge in the price of the $QNT token this week. It hit $79 briefly yesterday before correcting back down to $75 today. Any more news over the next few weeks could have a bigger impact on the price.
#ISO #ETF #SATP #TC307 $QNT #Quant #SATP #SPooLs #LEI
Author: Andy Samu
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
See Also:
How Strong Will Quant (QNT) be in 2025? | Disruption Banking
