Overledger Business Paper
10 March 2018Download PDF (517kb)
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.
Overledger is the world’s first blockchain operating system (OS) that not only inter-connects blockchains but also existing enterprise platforms, applications and networks to blockchain and facilitates the creation of internet scale multi-chain applications otherwise known as mApps.
Binance Chain is a blockchain project initiated by Binance, one of the leading cryptocurrency exchanges in the world. By Binance Chain solving interoperability through Overledger they are allowing enterprise to use and interoperate with Binance Chain with just 3 lines of code:
– Allowing enterprises that use private permissioned blockchains like Corda and Hyperledger Fabric and Ripple to use and interoperate with Binance Chain to create innovative uses cases in transactions, payments and settlement to unlock value
– Bridging traditional finance infrastructure with the new decentralised finance infrastructure DeFi of the future
– Enable Multi-chain apps (mApps) to interoperate with Binance Chain to benefit from the features of Binance Chain’s technology
– Binance Chain applications and users can for the first time access enterprise permissioned blockchains and supported blockchains seamlessly with Overledger.
The Binance Chain integration will be released in August 2019. To date Quant Network have connected over 10 blockchains to Overledger creating interoperability and allowing for easy uptake by enterprises. We are continuously onboarding more and invite the public to request new connectors or get involved in our community effort to add more chains at www.overledger.com.