Gilbert Verdian, founder of Quant Network
Having labored for the U.Ok.’s former Chancellor George Osborne to safeguard the Treasury’s billions after the realm monetary disaster, Gilbert Verdian’s recognition as a cybersecurity professional earned him the toughen to place up his accept industrial, Quant Network.
From here he developed Overledger, a tech platform designed to aide mass adoption of blockchain’s ‘tamperproof’ safety for businesses by fixing the subject of how to interconnect their disparate networks.
The arena of business right now uses isolated proprietary skills, the scheme back being that varied networks most continuously make no longer connect and work collectively on technical or regulatory ranges. Launched 18 months within the past it makes the accurate realm of blockchain, a skills that Verdian helped to standardize, accessible to the broader industrial world in a formula that turned into previously no longer doable.
Thousands of European banks and monetary institutions accumulate already signed up for Overledger and can connect their networks and blockchain with out a additional infrastructure in a subject of minutes.
Love many tech entrepreneurs, Verdian discovered his ardour and curiosity for how issues work at an early age.
“I started the utilization of Unix on the age of six and became infected about computers and networks and how they labored,” he says. “I spent years breaking issues and striking them support collectively, a lot of the time unsuccessfully, to just like the interior workings of the product.”
Early in his career he labored in technical products and services, providing toughen to companies with their IT, networks, web, desktops servers and deal of others., and in an ISP engaged on the rep help desk.
“These were the early days of the industrial net where dial-up modems were basically the most productive blueprint to connect when the rep turned into at its infancy,” he says.
Nonetheless it turned into cybersecurity that if truth be told captured his hobby and he joined BT Looksmart, a search engine at some point soon of the dotcom skills, where he managed the servers, networks and safety across the globe.
In 2001 he joined CSC, now DXC following the merger of HP and CSC, as a senior safety architect to support set the safety educate, and at some point soon of this time turned into working with governments and companies internationally to take a look at their safety controls and systems by breaking into them to accept vulnerabilities and holes which malicious actors can abuse.
A decade on, Verdian moved into H.M. Executive and labored at H.M. Treasury as deputy CTO and CSO at some point soon of the monetary disaster.
He says: “The role turned into to transform the blueprint executive aged IT to a more modern blueprint. We were within the center of a disaster and we had to establish out how to make more with much less whereas conserving the financial system running.”
For the duration of this time Verdian also helped place up UK Monetary Investments (UKFI) where the U.Ok. Executive took on the frightful debts from RBS and Lloyds to defend the financial system from additional chance.
“We then place out to support stabilize and remodel the banks and banking sector to support accept higher from the disaster,” he says.
Verdian also did some work on the US Federal Reserve within the accurate payments taskforce, taking what he’d discovered from the U.Ok. and Europe to support accumulate protection to toughen the U.S. monetary system.
Spherical this time, whereas working with the British Executive as CISO for the Department of Health, he place his idea for the tech resolution Overledger into educate.
“The concept that came from the utilize case of being in a arena to securely connect soft neatly being records across systems and jurisdictions,” he says. “The dilapidated blueprint turned into very costly, complicated, created duplication and no longer staunch feasible. I blueprint if I’ll make a accurate blockchain overlay to take a seat down on prime of the varied systems I’ll accumulate a accurate relied on channel to bridge the systems and switch neatly being records.”
Verdian approached College College London (UCL) to make the R&D for his idea and spent a year working with its Centre for Blockchain Technologies, the ideal blockchain establishment on this planet.
“We solved interoperability at scale and filed our patent applications,” says Verdian. “We did our fundraising and place the crew collectively and constructed the skills.
In 2018 the company raised $eleven million from different non-public and corporate investors.
SIA, the European excessive-tech infrastructure payment products and services provider is now the utilization of Overledger to bring scandalous-platform interoperability to its customers, in conjunction with European banks, corporates, and public sector organizations.
Though the ideal Overledger utilize conditions accumulate been in monetary products and services, Verdian is seeing mountainous scale implementations in various sectors, in conjunction with healthcare, where the skills offers patients accurate accept admission to to their scientific records and allows them to monetize their records, and in offer chain, where parties that don’t or can’t have confidence every various can safely change records and attach within the provision or mark chain.
Other applications consist of safely interconnecting IoT devices the utilization of blockchain networks.
The company is heading within the correct path to expose over $10 million this monetary year, and with U.S. growth plans underway, Quant is embarking on one more capital raise for growth and in discussions with strategic partners and institutional investors.
Verdian says: “Our attainable to grow is uncapped as we alternate and remodel industries by constructing a accurate layer between them at velocity. Our imaginative and prescient is to accumulate a mass version of what I call ‘a web of have confidence, where mark would possibly furthermore be securely transferred between world partners no longer counting on defunct net safety nonetheless reasonably that