Commercial Progress with Q2i’s Technology
Fundraising - COVID19 Response
Q2i has been selected by a Swiss bank for a project that revolutionises its data distribution with clients and counter-parties. The Asset Management project was scheduled to start in Q1 2020, this has been pushed back to Q2 2020.
A distribution and retail company, backed by a very large chemical supply chain, have adopted the Q2i Model to address complex transactions with the core blockchain agnostic platform. The first phase of customer-facing implementation is in the form of a soft launch that has been initiated with orders in March 2020.
Q2i has utilised its JV partnership with FullyFuelled, its Strategic Web Integrator. The partnership demonstrates the seamless client and project choices for implementation.
In parallel, Q2i continue to supply strategic support to the fundraising for an established UK data business. This has delivered strategic advisory and commercial terms for both technical and consultancy services on into 2020.
After the Q419 Q2iD product release, the productised version of the core Q2i technology and architecture aimed at ID management for AML/KYC. Q2iD delivers secure user control of ID data in decentralised environments even when the ID information is propagated to a counter-party. This forms part of the Q2i COVID19 response to HMG.
In addition, the Q2iDataRoom product is released now released. Initial marketing contacts are evaluating the proposition.
Technical Update - Applications & Interoperability
The base version of the blockchain agnostic infrastructure is complete, so delivering multiparty transactions agnostically with blockchain interoperability. Demonstration environments can be shown running on either Hyperledger and/or Ethereum. The latest release of R3/Corda have been revisited to ascertain if improvements now meet the architectural requirements for interoperability.
The technology has been refined for use as an internal transaction data room [Secure data exchange, activity tracking and permissioned sharing]. Product release Q2iDataRoom, Q1 2020
One of the major problems with blockchain is the operational risk and cost of storing large decentralised data sets on the technology. Uniquely Q2i has optimised this and we now have a functional solution for a distributed blockchain filesystem. This is now demonstrable with: -
Contract data definition, approval and execution in an asset management environment
Secure document exchange in an AML/KYC environment
As a standalone product configuring optimal data exchange
Commercial Update: 2 External Agreements
5 in Pipeline
Initial revenue from strategic technology advisory has been defined.
Significant progress has been made across the commercial target sectors. These include:
Financial Services
Agreement; subject to terms, with a Swiss Bank. Await internal sign-off. Q220 indicated.
Await budget definition from a large European Bank. Technical access agreed.
Large Scale IoT owners, UK smart meters, are defining their requirements.
Clean energy production and power management [Q220] indicate funding structured.
Supply Chain - Retail distribution client (UK/NZ/Australia) with supply chain into major Chinese chemical entity. Soft launch in March 20. Orders placed with Blockchain for Payments along the supply chain in Q220.
High-Value Assets/Exchanges
Initial Requirements formed for Property and Project Finance Exchange. UK FCA clearance is imminent.
Property and conveyancing/legal document exchange remain active.
Cyber, Asset Tracking & Medical data
[COVID19 response]
Secure data across utilising Q2i Blockchain for patient records, network security/cyber resilience and physical asset tracking in a UK leasing business are being formed.
COVID 19 Response - Q2i formally responded to HMG CrownCommercial This is in addition to the contact made with Department for International Trade, FCO and British Army General Staff. Q2iD product that delivers technology support to the Testing and Lockdown Exit Strategy has been through a "Back to Work Permit" and/or an "Antibody+ Passport" based on the secure Q2iD product.
Fundraising
Initial investments have been used to develop the alpha versions and for commercial development. Q2i is actively seeking £5m to develop a production environment and deliver commercial solutions. An additional option of £20m investment would be used to fund an investment portfolio of collaborative technology companies.
Q2i has a focus on the objective of monetisable transactions across blockchains. This is incompatible with a single token or ICO path. Each JV could enable the digital asset development path.
New Website Experience
New year new look. Utilising new technologies such as lottie files to create vector based animations. You can read more about Q2i and follow us, like and on linkedin and Please feel free to give us a review and search for the site any feedback would be greatly apprieciated.
New Office Address
Q2i have moved to a new address in Haymarket, London we reside in the same building as our friends at Crypto Compare.
Find us on Google
Crypto Compare - Digital Asset Summit
March, 10th. Q2i Attended the CryptoCompare event based at Magazine London near the O2.
CryptoCompare run the Digital Asset Summit as Europe's leading digital asset conference focusing on bridging the gap between the digital asset ecosystem and traditional finance.
Q2i joined Industry leaders addressing the most pressing issues facing the industry, key themes included the evolution of the digital asset marketplace, the institutionalisation of digital assets and the innovative financial instruments needed to transition.
The event was well attended even though there were extenuating circumstances. Q2i would like to thank CryptoCompare for a fantastic event.
Look out for next years Summit
About Us
Q2i based in Haymarket, London monetises complex data transactions on blockchain networks. The Q2i architecture is blockchain agnostic so provides blockchain interoperability between multiple counter parties in any transaction.
Contact Us
Mark Standish
mark@q2igroup.com
M: +44 777 571 4424
Lawrence vK-B
lawrence@q2igroup.com
M: +44 750 000 7888
