New partnership marks multi-chain evolution for smart contracts
11 December 2019
A new partnership between Quant Network and SIMBA Chain, both leading innovators in blockchain technology, will make the deployment of smart contracts which use more than a single blockchain fast, easy and cost-effective for the first time.
[London, 11th December 2019] Quant Network and SIMBA Chain have agreed to combine their unique blockchain-based technologies to eliminate a key barrier to the development and deployment of multi-chain smart contracts. By providing seamless deployment of all interoperable smart contracts based on blockchains supported by Overledger, the partnership removes the existing single-chain limitation, and opens the door to mass adoption of blockchain solutions.
Government agencies, Fortune 500 companies, and startups are increasingly looking to blockchain as the basis for transparent, verifiable systems for establishing and enforcing contracts, transferring assets and sharing data. However, while smart contracts based on blockchain are increasingly attractive as a way of achieving this, the complexities of smart contract code, together with the fact that many solutions require multiple blockchains, mean that deployment can be slow, difficult and expensive.
The introduction, in 2017, of SIMBA Chain’s Smart Contract-as-a-Service (SCaaS) removed the first of these issues. Allowing users to define assets and parameters, ScaaS auto-generates the smart contract and API keys that interface to the blockchain. This not only reduces development time and cost, but enables rapid prototyping and deployment of blockchain dApps for iOS, Android and the web in minutes rather than months.
The use of multiple blockchains, however, remained an obstacle to mass adoption. This issue was addressed by Quant Network, which is known for developing the first, and so far only, blockchain operating system (Quant Overledger) to allow interoperability of blockchains without adding complexity or another layer. As a result, Overledger allows the connection of any legacy network, and every current and future blockchain, with no extra overhead.
The result of the combination of these technologies, through a partnership between Simba Chain and Quant, is to allow any individual or business interested in using any supported blockchain on the Quant Overledger to deploy their solutions in a matter of minutes. It will simplify the complexities of smart contract code through the SIMBA Chain SCaaS platform, while engaging the ease of Overledger’s interoperability to enable a hyper-connected world powered by multi-chain smart contracts.
About SIMBA Chain
SIMBA Chain was established in 2017 as the result of a grant awarded by the Defense Advanced Research Projects Agency (DARPA) to the University of Notre Dame Center for Research Computing and ITAMCO to develop a secure, unhackable messaging and transaction platform for the U.S. military. SIMBA Chain’s cloud-based, Smart Contract-as-a-service (SCaaS) platform enables users, developers, government, and enterprises to quickly develop and deploy blockchain dapps for iOS, Android, and the web. SIMBA Chain is a Venture Club Indy InnoShowcase19 winner, sponsored by Elevate Ventures, and is the recipient of TechPoint’s 2019 Mira Award for New Product of the Year and 1st Source Bank’s Commercialization Award. The platform supports Ethereum, Quorum, Stellar, RSK and is on the verge of adding more blockchain protocols such as, Quant Overledger, Hyperledger, Ripple, R3 Cord, and Libra to their cutting-edge platform.
Email: [email protected]
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. Recognised 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. Quant has been recognised as Gartner Cool Vendor 2019, headquartered in London, UK, Quant Network is committed to building an internet people can trust. Learn more about Quant on www.quant.network, LinkedIn or Twitter.
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