There are major limitations to current blockchain technology and Overledger aims to provide a unique solution by making interoperability between different blockchains more straightforward.
London, Dec. 21 – Quant Network is pleased to announce that they are partnering with Crowdz to connect their digital B2B network across multiple blockchains.
Overledger, Quant Network’s revolutionary blockchain product, is the world’s first blockchain operating system (OS) that not only connects blockchains to one another, but also connects existing networks to blockchain. There are major limitations to current blockchain technology and Overledger aims to provide a unique solution by making interoperability between different blockchains more straightforward.
Payson Johnston, President and CEO of Crowdz, a Silicon Valley trade-finance and financial-technology company, stated that, “Although Crowdz uses the Ethereum blockchain as the foundation for our Invoice Auction Exchange, we have needed a solution that allows for invoices and other documents to be transferred from one blockchain to another—for example, among Hyperledger, Corda, and EOS. With the Overledger solution from Quant Network, it is now possible to pass data among different blockchains. Crowdz looks forward to working with Quant Network to enable the true multi-blockchain environment that our customers demand.”
Gilbert Verdian, Founder and CEO of Quant Network, stated that “We are excited to partner with Crowdz so that we can provide their customers with more interoperability and choice. This is a great opportunity for us to demonstrate how valuable interoperability is for the financial services sector, combining and interconnecting different blockchains to unlock value. There are huge possibilities for blockchain in trade finance and financial services entities that can leverage Overledger to bring new innovation and products to their customers.”
Quant Network is building the Internet of Trust. Quant Network is an international technology company set to revolutionise blockchain technology with the development of their operating system Overledger. The experienced team are determined to fulfil the original vision of the internet by creating an open trusted network for people, machines, and data to operate securely and safely. Founded in 2016, by industry experts, Quant Network specialises in developing cutting edge solutions for the financial services, government, healthcare and supply-chain sectors.
Sunnyvale, Calif., based Crowdz builds digitized, blockchain-based supply-chain networks designed to enhance the speed, efficiency, and financial performance of global supply chains. Founded in 2014, Crowdz is led by its CEO, Payson E. Johnston, who served for 18 years as a global supply-chain senior manager for Cisco. Its executive team has a combined 90 years of experience in supply-chain operations, business finance, B2B and B2C retail, ecommerce, and blockchain. Crowdz’s technologies are currently covered by seven pending patents, and a prototype of the Crowdz’s platform is currently being used by 240 companies offering more than 1.7 million products.
Crowdz is currently part of 500 Startups, Batch 24 Blockchain Track and recently completed the 13-week Barclays London Fintech Accelerator powered by Techstars, another one of the world’s most competitive and rigorous technology accelerators. Previously, Crowdz was invited to participate in the Plug & Play Retail & Brand Accelerator Program and in the flagship class of the Plug & Play Supply Chain Accelerator Program. Crowdz is currently funded by Barclays Bank, Techstars, and numerous other technology investors. For more details on Crowdz, please visit: http://www.crowdz.io.