Summary
1st Financial Services Project, Retail JV Signed & Strategic Consulting Revenue
Q2i has been selected by a Swiss bank for a project that revolutionises its data distribution with clients and counter-parties. The project is scheduled to start in October 2019. 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 expected in November 2019. Q2i have established a key transition partnership with a Strategic Web and Data Integrator. The partnership enhances seamless client and project choices for implementation. This is expected to be closed in October 2019.
In parallel, Q2i have supplied 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 in Q2 and into Q3.
Technical Update - Beta Applications
The beta version of the blockchain agnostic infrastructure is complete. Demonstration environments can be shown running on either Hyperledger or Ethereum. The technology has been refined for use as an internal transaction data room [Secure data exchange, activity tracking and permissioned sharing]
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. Start October 2019
Await budget definition from a large European Bank. Technical access agreed
IOT/Remote Sensing
Large Scale IoT owners, smart meters, are defining their requirements
Clean energy production and power management [Q3] is closing funding
Shipping project has been delayed as core fuel regulations changes have a priority
High Value Assets
Property and conveyancing/legal document exchange remain active
Medical data
Blockchain patient records and their transactions with a US Healthcare software vendor has been identified and awaits agreements
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.
About Us
Q2i monetises complex data transactions on blockchain networks.
Q2i primary product enables secure and permissioned data transfer while optimising the data load on any blockchain to protect IP and manage the operational risk in commercial deployments.
Q2i has applications in a wide range of business sectors from IoT in energy markets to Media utility pricing in streaming.
Q2i has a particular strength in financial services and initial implementations are delivering the core blockchain architecture for banks to resolve AML/KYC and fees and commission transactions.
Summary
Q2i monetises data transactions on blockchain networks. The Q2i architecture is agnostic to the choice of blockchain so brings interoperability between multiple counter parties in any transaction. Q2i can handle complexity and rationalise business logic. Call us today for consultation.
Q2i Group Limited
71-75 Shelton Street
London,
W1K 5AZ
United Kingdom
Contact
Mark S
info@q2igroup.com
M: +44 734 288 4691
Lawrence vK-B
lawrence@q2igroup.com
M: +44 734 288 4691
