Transcription of Quant Overledger Whitepaper-Sep
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Quant Overledger Whitepaper-Sep
Quant Overledger Whitepaper Release (alpha), 31 January 2018 Gilbert Verdian, Paolo Tasca, Colin Paterson, Gaetano Mondelli Abstract The traditional Internet architecture hasn t yet achieved its vision of an open, trusted and secure network. The technology of distributed ledger technologies (DLT) and their broad range of applications across finance, healthcare, supply-chain and many other sectors, is an opportunity for the Internet to adapt and honour what was originally envisaged, and reach its potential as a decentralised network of networks. While providing a broad range of benefits, the fast-paced environment of DLTs lack seamless inter-communicability, internally among ledgers, and externally with existing networks. This limitation forces distributed applications to be single-ledger-dependent, limited to be only executed on a single ledger.
The components (i.e., Merkel Tree, concatenated hashes, public-key encryption) were established technologies, well before the Bitcoin paper by Nakamoto in 2009 [2]. At the moment of writing, we may argue that, according to the Technology Life Cycle theory, we’re at the beginning of the so-called phase of “fermentation”,
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