Commercial Progress with Q2i’s Technology; now Mobile
Blockchain Interoperability for Enterprise
COVID19 Response - Fundraising
Summary
Q2iD - Product Releases, Financial Services Projects & Strategic Consulting Revenue
Based upon the productisation of the technical platform Q2i has embarked on its engagement with Enterprise-scale businesses where its core technology offering can extend early "Blue Chip" enterprise blockchain adoption.
These include a global database supplier, Secure IP network supplier to the Financial Services Industry and a Global IP system provider.
Current COVID driven decision making has slowed direct project deployments at a Swiss bank, a Asset Management project, and the fuller implementation on a retail supply chain project.
Both Q2iD product and the Q2iDataRoom product have been incorporated in the Enterprise engagements.
Q2i is building on its JV partnership's with FullyFuelled, its Strategic Web Integrator plus the Retail Supply Chain entity. Further engagement based on the same model is being established in India for a logistics business has also been initiated.
Technical Update - Applications & Interoperability - On Mobile Devices
The base version of the blockchain agnostic infrastructure is complete; delivering multiparty transactions agnostically with blockchain interoperability. Demonstration environments can be shown running on either Hyperledger and/or Ethereum. The latest releases 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 released Q2iDataRoom, Q1 2020
The Q2i platform has been exposed to Mobile devices. As Q2i has an extraordinarily light footprint Q2i can expose blockchain functionality and control features on mobile. It remains secure and permissioned.
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
As the COVID impact on decision making has caused significant project deployment slow down with some third parties. Q2i has accelerated its enterprise connection approach.
3 Enterprise Companies have been engaged in initial discussions. All of these entities have made initial strategic steps explicitly into blockchain adoption.
They are a global database supplier, Secure IP network supplier to the Financial Services Industry and a Global IP system provider.
Existing commercial target sectors continue:
Financial Services - No change
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 - No change
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 HMG [e-Gov] Department for International Trade, FCO and British Armed Forces. 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 beta versions and for commercial development with revenue exposure. Q2i is actively seeking funds to develop a production environment and deliver commercial solutions. An additional option is to JV with an intelligent investor to deliver the strategy at scale to fund an investment portfolio of collaborative blockchain 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.
