London, Nov. 20 – Quant Network unveiled their game-changing blockchain Operating System at their inaugural Quant X event in London last night. The ground-breaking innovation reduces the current 8-month lead time and £3m cost that Enterprises endure just to get started with blockchain down to 8 minutes and 3 lines of code.
The evening began with a presentation explaining the high barriers of entry faced by enterprises, the lack of skilled resources, tedious processes, complexity and risk that businesses face when trying to implement blockchain technologies.
“For the first time, we can honour the original vision of the Internet to create an open, interoperable and trusted network for people, machines and data to operate on, but without the original flaw of having to know and trust everyone within the network.” said Gilbert Verdian, CEO of Quant Network.
“We’ve simplified and removed the barriers for any Enterprise to benefit from blockchain technology to get started with only 3 lines of code.”
World’s first blockchain operating system simplifies blockchain adoption for Enterprise
- Interoperability without additional complexity: The lack of interoperability – or the inability of blockchains to work together – has been a long-standing and widely recognised issue for blockchain technology. Quant Network demonstrated that it is possible to address this without adding complexity, additional infrastructure or another layer of duplicated consensus.
- Minimal disruption and no forced migration off existing legacy systems: On average, should an Enterprise want to develop and test blockchain technology they would require a minimum of 8 months and a budget of over £3M to execute. Overledger removes the uncertainty and barriers by requiring only 3 lines of code.
- Connecting the world’s networks safely: Having a heritage in Cybersecurity for Government, Quant Network recognises that adopting a multi-chain strategy in isolation is a daunting task. The key advantage of Overledger is creating permissioned networks that do not open up your corporate networks and perimeter to millions of other nodes in a peer-to-peer network.
Building the future with game-changing mApps
In their current form, decentralised applications (dApps) can only operate within the confines of a single-ledger without the ability to scale or migrate off if required. In comparison, Overledger facilitates multi-chain applications (mApps) which benefit from having the ability to operate simultaneously across multiple different ledgers.
Quant Network Chief Architect, Jean-Paul de Jong demonstrated the innovative use-cases of Overledger mApps in real time. The demonstration began with a search engine mApp akin to Google that can read and view transactions across multiple ledgers including Bitcoin, Ethereum and Ripple with more to be added in the coming months.
The Quant Network team also previewed D-Commerce, a decentralised marketplace, combining the features of multiple blockchains allow for transactions and data across multiple ledgers to be executed.
Developers can start building innovating and game-changing mApps with Overledger from Dec. 1st 2018.
For more information contact the team: [email protected]