"Did You Know" by DJ "Whats in a Name?" 3-28-2022

DJ: DID YOU KNOW?

The expectations we impose on ourselves, of the GCR/RV, are generally based on individual needs and desperation. Little thought is put on the reality of what has to occur for the event to actually be a functional, integrated and operational system.

The current financial “legacy systems” being utilized in the banking world have been built over the decades from a gambit of national and international, government and banking regulations.

Over the years as new and improved IT systems come into play there has always been a transitional component that must be considered.

When I was a kid we used to build our own bikes. We would find various parts and put them together to build our Frankenstein bikes. Most of the time bike parts were generally interchangeable.

In the same manner, legacy banking systems were built. The banking world has taken its original framework and over the decades has continually built, and added to it, with upgraded IT systems and imposed laws and regulations creating their own Frankenstein monster.

In doing so it has inadvertently created cracks in the systems that have slowed down financial transactions by hampering the ability to draw on affirmed historical transactional data and left the system open for corrupt activity.

What the GCR/RV/ Quantum Systems represent is a completely new system. It is not an addition to existing systems expanding the size of the monster. It may be hard to get your head around what it will take logistically to integrate a completely new system without causing massive interruptions or hick-ups in global financial activity creating unrepairable economic collapse. It would be like a lung collapsing.

The biggest problems with changing systems stem from financial regulations, such as statutory requirements forcing banks to retain historical data for a defined period to aid reporting and auditing. If that data is stored on an old system, the system has to be retained as well. This often requires keeping the old system on-site, either on a server or an old desktop, so that the historical data can be accessed when needed.

The Quantum System was needed to functionally draw on this data and all other compliance algorithms relative to banking law and criminal activity then, in real-time, apply them to transactions. In short, a transaction can move at lightning speed, be compliant and adhere to all agency, national and international regulations, and requirements.

A Quantum Financial System allows a reporting solution that can access data across multiple systems and allow it to be used in a meaningful way for reporting. Quantum Systems allow you to collect data from across legacy and current systems, providing formatted, comprehensive, and standardized data sets that generate comprehensive reports with minimum effort.

It also offers real-time reporting features so that, not only can you access any data, from anywhere, at any time, but it is kept up-to-date for maximum accuracy and security.

So when you hear the narratives that there will be no GCR I wouldn’t pay a lot of attention to it. It is happening all around us. They may not wish to label this activity “GCR” but all the functional components currently being implemented in the global financial system, by definition, is the GCR.

Like Shakespeare said, “ What’s in a name? That which we call a rose, by any other name would smell as sweet”.

Remember definitions belong to the definers, not the defined.

DJ

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