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Press Release

Quant Network and Constellation Network partnership represents a major step forward for Smart Cities

 

Constellation Network and Quant Network are integrating to help enterprises procure blockchain technology and enable interoperability with security at scale. 

 

SAN FRANCISCO, CA – Constellation Network, Inc, a San Francisco based software, big data and  “blockchain company” integrate their secure communications protocol with Quant Network’s Overledger – an operating system which solves interoperability of blockchain protocols at scale. The partnership represents a major milestone in the commercialization of blockchain technology by providing an end-to-end path from testing in closed environments to production-ready real-time digital systems. 

 

The integration explained in the recently released paper, “An Internet for Automation with IoT and Edge Devices” outlines how Constellation and Quant will provide robust security for IoT and interoperability of data between systems and devices for use cases like connected cities.  Smart (or Connected) Cities can use IoT to develop and connect digital ecosystems that have many benefits, ranging from improved energy distribution and more efficient waste collection to connected cars and better air quality. In recent years, billions of dollars have been invested into the development of the Connected City, but progress has been held back by the lack of a sufficiently powerful, secure, flexible and interoperable technology able to interconnect the many blockchain technologies currently used. This new partnership will change this.

 

Constellation and Quant will provide robust security for IoT and interoperability of data between systems and devices for use cases like connected cities. Over the past several years, billions of dollars have poured into the blockchain industry by many major brands and enterprise companies. Significant technical barriers to deploying the technology at scale have prevented the mainstream adoption of blockchain technologies. This partnership is a major milestone in the commercialization of blockchain technology by providing an end-to-end path from testing in closed environments to production-ready real-time digital systems. 

 

More technical details can be found here: 

https://www.quant.network/wp-content/uploads/2019/12/Quant_Constellation_Network_Technical_Integration_Overview.pdf

 

 

“The third generation of blockchain technologies includes plug-in-play interfaces with functional operating systems, like the Quant Network, and robust developer solutions that meet the existing needs of data science.” Says Benjamin Jorgensen, CEO, and Co-Founder of Constellation Network. “With nearly 28 billion devices coming online by 2022, that’s nearly 4 devices for every person that produces 1.7megs of data every second. The Quant and Constellation partnership introduces an end-to-end development ecosystem that accommodates a world of big data”. 

 

“Truly Connected Cities is an exciting prospect,” said Gilbert Verdian, Founder and CEO Quant Network, “and we’re delighted that this partnership with Constellation will make a significant contribution to accelerating their development. We live in a hyper-connected world which is only going to grow, together we’re laying the secure and interoperable foundations to make machine-to-machine communication and data a reality.”

 

The supporting research describes what a technical integration would look like across a given real-world use case. Furthermore, the detailed research report highlights a technical understanding of how to secure IoT at scale and why the companies are suited to solve the problem.

 

For more information on the Constellation and Quant partnership and integration scope, please read: 

https://www.quant.network/wp-content/uploads/2019/12/Quant_Constellation_Network_Technical_Integration_Overview.pdf

About Constellation

Constellation Network, INC is the blockchain for big data. Constellation consists of a decentralized and distributed network that provides developer tools to cryptographically secure streaming data pipelines while maintaining data provenance and integrity at scale. Constellation integrates seamlessly with existing data management solutions and cloud infrastructure providers to make blockchain technology plug-and-play ready for any business. Constellation currently works with the United States Air Force to provide solutions for the interoperability of encrypted data. Learn more by visiting  Constellation Network website, Twitter, or Telegram.

 

 

Constellation Network Communications Contact: 

Media Team 

[email protected]

+1 503-701-0594 

 

 

About Quant

 

Quant Network is a technology provider enabling trusted digital interaction, helping create a secure digital future to the benefit of enterprises, regulators, governments, and individuals. Recognized for having solved interoperability through the creation of the world’s first blockchain operating system Overledger, Quant Network is leading the way for innovation and blockchain adoption across enterprise. Headquartered in London, UK, Quant Network is committed to building an internet people can trust. Learn more about Quant on www.quant.networkLinkedIn or Twitter.

 

Quant Network Communications Contact: 

Fotoula Fatouros

[email protected]

+44 7921 916719

 

 

 

Overledger

Creating a sustainable blue economy built by blockchain

The worldwide blue economy sector is valued at around $3US trillion per year while three billion people rely on both wild-caught and farmed seafood as their primary source of protein.

This large-scale reliance on the blue economy has had a devastating impact on the world’s oceans and sea life. Around 57% of the world’s fish supply is at risk of extinction. This in addition to the 27 million tonnes of marine life that is discarded each year, most of which has been captured in prohibited waters. In addition to the mass public outpouring of anger, the reaction to this flagrant abuse of our marine ecosystems has led to a sharp rise in demand for action. Namely, a traceable, transparent, trustworthy and eco-friendly management of seafood supply chains.

How innovation is helping clean our oceans
Thankfully, driven by innovative, cutting edge technologies, solutions are starting to appear. Nowhere is this more prevalent than in the field of blockchain which is behind innovations designed to tackle major issues. That is precisely what has been created in a partnership between Quant and Ledger3 and who have in turn partnered with TOMKAT KoolPak.

This advanced thermodynamic packaging solution, which removes EPS and single-use plastics, aims to significantly reduce avoidable seafood wastage and create a more sustainable supply chain. Using  Ledger3 which is powered by Quant’s Overledger blockchain interoperability platform to ensure traceability, this interoperable and scalable solution is accessible to all stakeholders involved in the supply chain of seafood economy, irrespective of what blockchain platforms they do, or do not, use. Assisted with funding from the Australian Government, the project has already received overwhelming interest and support from the Australian Seafood Sector, FRDC, WWF Australia, Sydney & Melbourne Fish Markets, State and local Government.

Bait to plate
Each layer of the KoolPak-Box contains an embedded chip, one of which has a temperature sensor. Each time a box containing freshly caught seafood is scanned via a smartphone app with a specific user ID, information such as the temperature, longitude and latitude, date, and time are recorded onto the blockchain. As the box moves through the supply chain and changes hands it is possible to track this information. The records that are made on the blockchain are immutable making it impossible to ‘fudge’ the data. With it, it is now possible to know not only the origin of the contents, including the waters it was caught in, but also accurate data about the freshness of the contents.

With 80% of Australian seafood exported, this collaboration of technologies from Quant, Ledger3 and smart box solution providers, have the potential to have a sizeable impact on the income realised from this industry. Food fraud, which is a major activity for organized crime syndicates, costs Australia’s economy tens of billions each year. While Australia’s major seafood export market customers are now demanding traceability. It is estimated that approximately 30% of consumers in China (a major consumer of Australian seafood) currently scan QR codes whenever they purchase seafood.

What you sea is what you get
The benefits are not just macroeconomic. Initiatives for sustainable fisheries management via quantitative modelling stock assessments and enforcing a quota system can be inaccurate and have not successfully curtailed the problem overfishing. The new blockchain powered solutions like this can help address this issue. By using blockchain, it would now be possible to monitor catch information because it would be easy to spot any discrepancy between reported numbers and the value of sale. It would also be possible to know in real-time if the fish has been caught in prohibited waters or contents have been tampered with.

Creating critical collaboration
For such an incredibly complex supply chain issue to be solved, cross-party collaboration of stakeholders is necessary. This is where having interoperability between blockchains, as well as existing systems, is critical. There are examples of supply provenance projects utilising blockchain, however, many involve consortia of stakeholders. What this means is that all those involved must agree to use the same technology and make a significant investment towards it. That may work for some stakeholders but not all. For example, logistics providers that transport seafood may be working for a range of different producers.

Furthermore, not all stakeholders involved in the supply chain would be able to take part in such consortia as joining fees alone may be prohibitive, not to mention the costs of the investments in infrastructure. If that wasn’t enough, blockchain technology is nascent and will invariably change. What this means is that removing the barriers to adoption of blockchain is critical. Data interoperability, through a platform such as Quant’s Overledger, is not only fundamental to all stakeholders taking part in the traceability of the data collected and stored, irrespective of size in the seafood supply chain. But it is the basis for a credible, future-proofed solution to protect against likely technology changes.

Announced today by Quant CEO, Gilbert Verdian at Supply Chains Unlocked in London. 

Kool-Pack and Ledger3 partnership announcement was made during the Seafood Directions Conference in Melbourne Australia.

From Left:
– Allen Harian – Co-founder & CEO at Ledger3
– Patrick Hone – Executive Director at Fisheries Research and Development Corporation
– Philippa Lyons – Consumer Sensory Scientist at Department of Agriculture and Fisheries (Queensland)
– Kath Long – Co-founder at TomKat KoolPak
– Tom Long – Co-founder at TomKat KoolPak
– Clare Hallam – Co-founder at Ledger3
– Sue Poole – Principal Seafood Scientist, Seafood Team Leader at Department of Agriculture and Fisheries (Queensland)
– Crispian Ashby – General Manager – Research and Investment at Fisheries Research and Development Corporation

Press Release

The Overledger Network – The Network of networks for a Hyper-connected world

London – September 25th, 2019 – Quant Network today announced The Overledger Network: “The network of networks for a Hyper-connected world“.

Overledger Network powers universal decentralisation as the market infrastructure for digital assets.

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Blockchain operating system Overledger, created by Quant Network, now supports public permissionless blockchains, starting with Ethereum Ropsten.

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Overledger

Redefining Wall St with decentralised capital market infrastructure – The possibilities of Quant Network’s Overledger technology in Regulated Capital Markets

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Press Release

AX Trading Partners with Quant Network

The partnership aims to enable Interoperable and Regulatory-Compliant Digital Assets and Security Tokens in Capital Markets and Exchange Infrastructure by integrating Quant’s interoperability technology Overledger into AX Trading Network.

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Switcheo Lists Quant (QNT)

We are delighted to announce that Quant (QNT) has been re-listed on Switcheo Exchange. The listing will allow Switcheo users to buy and sell QNT against ETH.

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Press Release

Quant Network Enables Interoperability for Binance Chain

Quant Network are delighted to announce that they have been working with Binance and will be connecting Binance Chain to their Overledger operating system, solving interoperability. Having already connected a number of enterprise blockchains such as Corda, Hyperledger and Ripple as well as public blockchains such as Bitcoin, Stellar and Ethereum, Binance chain users will now benefit from Universal Interoperability from being able to cross transact across blockchains through the unique approach provided by Overledger technology.

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SIA PARTNERS WITH QUANT NETWORK TO EXPLORE INNOVATIVE SOLUTIONS IN BLOCKCHAIN INTEROPERABILITY FOR BANKS AND FINANCIAL INSTITUTIONS

The partnership agreement aims to integrate the SIAchain infrastructure into Quant Network’s blockchain operating system Overledger to develop and implement blockchain and DLT based applications spanning different technologies.

Milan and London, 05 June 2019SIA, the leading European hi-tech company in the payment services and infrastructures sector, and Quant Network, a UK-based pioneering technology company, have signed a partnership agreement to explore blockchain interoperability and the creation of agnostic cross-platform applications and services for banks and financial institutions.

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Technology

HIGH TIME FOR BLOCKCHAIN STANDARDS

As technology advances from the ground breaking to the almost innocuous, every-day and even primitive, its multiple variations settle to a standard whether organically or through formal discussion. Standardisation forms an essential part in a technology’s adoption curve and Blockchain/Distributed Ledger Technology (DLT) are no exceptions. One of the key people sounding the klaxon for blockchain standardisation sat down with the team to explain why we should be thinking standards.

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Press Release

QUANT NETWORK NAMED A COOL VENDOR IN BLOCKCHAIN TECHNOLOGY BY GARTNER

New York 14 May 2019 – Quant Network is a pioneering technology company combining cybersecurity, industry and government experience to develop advanced technologies that enable trusted interactions between companies and their customers. They are now also excited to be named a Gartner Cool Vendor in Blockchain Technology for 2019.

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Overledger

QUANT NETWORK NAMED GARTNER COOL VENDOR 2019 IN BLOCKCHAIN

Quant Network has been named Gartner Cool Vendor 2019 in Blockchain Technology.

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QUANT NETWORK CHOSEN FOR TECH NATION’S CYBERSECURITY GROWTH PROGRAMME

It’s become clear that many of the cybersecurity approaches taken over the last 20 years just aren’t working. We have reached a crisis of trust in the digital world caused by limitations in the security of network technology. As the digital world is becoming bigger and more people are using it to transact through eCommerce or valuable information through sharing of data, what’s required now is a rethink. It’s vital to address cybersecurity and issues of trust and safety and to look at how we’re tackling and solving them.

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Overledger

QUANT NETWORK EXPANDING TO US MARKET

Personal data security could not be a more critical topic right now. Trust in technology companies and systems has been dramatically eroded by mismanagement and misuse of private data, resulting in breaches and leaks. There are serious implications for national security if data and systems are compromised and this is being debated at government level. At a time when trust is at a major low, British start-up Quant Network is developing tech solutions that will bring trust back into an industry that really needs it.

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Press Release

Guy Dietrich, Managing Director of Rockefeller Capital joins Quant Network’s Board of Directors

New York– 10th April 2019 – Guy Dietrich, Managing Director of Rockefeller Capital is joining the board of Quant Network, supporting the company’s expansion to the US effective today.

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Product

Quant Atlas, interoperable banking through cross border Open Banking

Introducing Quant Atlas, our solution to enable interoperable banking through cross border Open Banking.

 

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Overledger

Quant Network joins Hyperledger

Quant Network is joining Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies.

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Press Release

Quant Network becomes Amazon AWS Partner

We are pleased to announce that Quant Network has achieved Technology Partner status with Amazon’s AWS Partner Network (APN). A move that will enable more than a million active customers to benefit from our Overledger blockchain operating system who use AWS Cloud solutions to deliver flexibility, scalability, and reliability.

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Overledger

Overledger supports ADC Global Blockchain Summit Hackathon

We’re pleased to invite you to attend the ADC Global Blockchain Summit Hackathon in Adelaide, Australia on the 17th March 2019.Read more

Press Release

Quant Network is a founding member of INATBA

Quant Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA).

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Quant Network

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