Quant Network, based in London and Zug, has launched a public token sale to raise capital for Overledger – its blockchain operating system. Overledger enables blockchain-to-blockchain communication and also connects existing networks and the internet to blockchain, allowing enterprises to harness the power of blockchain to address real-world challenges. The Quant Token Sale runs from the 2nd to the 30th of April.
The launch of the blockchain operating system is aimed at improving the current situation as it not only enables interoperability between blockchains but also includes existing wystems. Furthermore, it allows developers to build applications across multiple ledgers or multi-chain applications (MApps), meaning that developers can harness the power of multiple individual blockchains to build the most effective solution instead of being confined to just one.
CEO and co-founder, Gilbert Verdian explained: “Overledger ensures that companies and developers aren’t restricted to or dependent on a single technology. Instead, they have the flexibility to easily migrate to another technology when required. As well as boosting their resilience by limiting their risk and exposure, this also allows them to unlock cost savings by better managing consensus fees, which are set with no option to remediate.”
The team behind the Quant Network recognises that addressing interoperability is a complex challenge and not a novel concept, but is confident that the Overledger platform and protocols will successfully achieve this.
Colin Paterson, CTO, stated: “When we designed Overledger we were acutely aware of the challenges facing companies across the public and private sectors, based on our extensive first-hand experience as former executives of large enterprises both in the private and public sector. As such, we not only recognise the tangible solutions that blockchain offers businesses but also know only too well just what a complex challenge it can be for a large company to adopt any new technology. That is why we’ve engineered the Overledger technology for Enterprises and developers to be seamless to implement and compliant with internal and external security and regulatory requirements. This means that a company need make only minimal changes to its existing systems and networks in order to connect to blockchain.”
Chief Strategist and Digital Economist, Paolo Tasca remarked: “What is fantastic about Overledger is the originality of its reference model for how distributed applications can communicate with each other over different blockchain protocols and networks without the need to resort to external gateways or connectors,” says
The Quant Network team’s accelerated roadmap promises to deliver elements of the Overledger platform over the next few months, with the MApps store set to open in the second quarter of 2019.
Verdian added: “Enabling cross-chain communications -including the recognition and transfer of transactions – is not dissimilar to opening borders to allow international trade. It will usher in a new era of digital economic growth and prosperity not unlike the industrial revolutions of the past.”