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. When trying to implement blockchain technologies, businesses face a lack of skilled resources, tedious processes, complexity and risk.
“For the first time, we can honour the original vision of the Internet to create an open and interoperable network for people to operate on. But this time we can do it without the original flaw of having to know and trust everyone within the network.” said Gilbert Verdian, CEO of Quant Network.
“We’ve removed the barriers for Enterprise to benefit from blockchain technology to get started with only 3 lines of code.”
Decentralised applications (dApps) can only operate within the confines of a single ledger and cannot scale or migrate off. In comparison, Overledger facilitates multi-chain applications (mApps) which benefit from having the ability to operate simultaneously across multiple different ledgers.
The team 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. These include 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.