I had a great time speaking with Phil Ryan and Oliver Moorhouse, co-founders of AURU.M and Quantum Enhanced Ledger Technology (QELT). As AURU.M prepares for its 1 July launch, backed by physical gold reserves and powered by advanced ledger technology there is a lot of interest swirling around the cryptoverse.
During the interview we explored the innovative developments fueling the project. AURU.M brings a lot of promise to revolutionize the digital financial market. Keep reading as Ryan and Moorhouse share their vision and potential impact on the future of finance.
Introducing AURU.M: A Gold-Backed Stablecoin
Phil Ryan opened the conversation by introducing AURU.M., the world's largest security token offering (STO) aimed at raising $3 billion to acquire physical gold. This gold will back the AURU.M stablecoin, providing intrinsic value and stability without leverage.
Ryan highlighted the return to the gold standard. We’re talking pre-1933 financial systems but now with AURU.M minted on their proprietary Quantum Enhanced Ledger Technology (QELT).
"QELT integrates quantum computing and AI, making it superior in security, scalability, and efficiency. Our goal is to achieve unparalleled performance with 50 million transactions per second," Ryan explained.
This immense transaction speed is crucial for their vision of a peer-to-peer autonomous energy market in the UK. Picture a future where energy flows freely between us, like a shared resource. This relationship changes the way we power our homes and lives. It enables properties to buy and sell energy autonomously using AURU.M as the native currency.
Building the Financial Bridge to the Future
One of the key concepts Ryan emphasized was "digital cash." He said, "We aim to return to a financial system where money actually means something, not just a promise to pay. Digital cash, backed by physical gold, will bring real value back to digital transactions." The vision for AURU.M is to create a digital form of cash that mirrors the stability and reliability of the pre-1933 gold standard.
Here’s another view. AURU.M and QELT are building a bridge that connects the ancient fortress of gold with the technology of digital innovation. It’s connecting the past and the future. For more on the importance and history of gold-backed financial systems, see the World Gold Council's insights.
The Founders' Journey
Oliver Moorhouse shared how the founders connected. They met in university and have a long-standing friendship. They also have diverse career backgrounds—Ryan in mergers and acquisitions, and Moorhouse as a chartered surveyor. Their shared passion for digital assets led them to establish the company three years ago.
Moorhouse elaborated on their desire to distance AURU.M from the negative connotations associated with cryptocurrencies.
"We aim to establish AURU.M as a digital currency, not just another crypto asset. Our partnership with Xreg Consulting ensures we meet all regulatory requirements, aiming for AURU.M to be recognized as a registered currency."
Ensuring Value and Stability
I asked how AURU.M ensures value and stability? Ryan explained their meticulous approach. "For every $3 billion of gold, we will mint only 5.6 million AURU.M tokens. This creates a scarcity value from day one, maintaining value throughout the token's life."
They also plan to avoid leveraging the gold reserves, a common practice in the crypto space. "We want to avoid the debt-to-asset ratio game played by others. Our approach is to have the physical asset in store, ensuring true backing by gold."
Innovations and Quantum Enhanced Ledger Technology
The discussion naturally shifted to QELT, their advanced ledger system. Ryan and Moorhouse highlighted how QELT's use of quantum computing, AI, and IoT goes beyond traditional blockchain capabilities, securing its relevance for the next decade.
"QELT's quantum-resistant algorithms, multi-layered security protocols, and AI-driven threat detection ensure robust security and interoperability. This positions QELT as the superior choice for digital transactions." - Phil Ryan
QELT’s Quantum Enhanced Ledger Technology can process up to 50 million transactions per second, making it potentially the fastest transaction processing technology in the digital finance space.
Privacy, Interoperability and Developer Opportunities
Addressing concerns about privacy and interoperability, Moorhouse explained that QELT's architecture includes quantum-resistant algorithms and AI-driven security measures.
"Our technology ensures that other blockchain platforms can seamlessly integrate with QELT, using AURU.M as the gas fee."
For developers, QELT offers a dynamic platform that will continually evolve. "We can't come up with everything ourselves. We welcome new ideas and solutions from the developer community to keep advancing our technology," Ryan said.
Future Roadmap and Global Impact
Both co-founders expressed their excitement for the future. Looking ahead, Ryan outlined their ambitious roadmap. "Our STO goes live on July 1st, followed by the launch on the Mapex exchange in September. We're also working closely with regulatory bodies to ensure full compliance."
Moorhouse added that their long-term vision includes humanitarian projects funded by a private equity arm, using AURU.M as the method of payment. "We're constantly thinking of ways to create usage for AURU.M and expand its global impact."
"AURU.M and QELT are not just innovative technologies. They're a step towards a more inclusive and efficient financial system," Ryan stated. For those interested in learning more or getting involved, the co-founders encouraged reaching out through their website and social media channels.
Wrapping Up
AURU.M and QELT represent a significant leap forward in the digital financial market. By combining the stability of gold with the cutting-edge capabilities of quantum computing and AI, Phil Ryan and Oliver Moorhouse are leading with innovation. AURU.M is paving the way for a new era of secure, scalable and inclusive digital transactions.
As they prepare for their July 1st launch, the financial world watches with sharp interest. What impact will these innovations have on the global economy?
