Bringing the benefits of DLTs to all

Who is it for: Central Banks, banks, fintechs, trading consortia, closed loop payments, marketplaces and micropayment platforms.

How does it work: Funds are held in escrow with a financial institution, and tokens to the same value are issued (“minted”) on a private DLT. These funds can then be used on any DLT, or mixture of DLTs, public or private, and Quant-patented Multi-Ledger Token (MLT) technology is applied. This ensures that wherever the tokens are used, changes of ownership are recorded on the original DLT, and a clear, auditable record is maintained. The nature of MLT means that the tokens are “open” and can be used on new and different DLTs as they emerge, or as use cases grow. This opens up the walled gardens of many eMoney solutions.

Examples: This Quant solution implements the IMF’s “semi-decentralised” model for Central Bank Digital Currency (CBDC). It also enables simple and flexible implementation of synthetic CBDC and can be used by banks as a more flexible type of stablecoin.

In addition to working well with loyalty and voucher platforms, as a form of open and enhanced eMoney, the solution also applies to digitised supply chains, where cross-border bank payments lack speed and transparency. By using MLTs to represent the various currencies, it is quick and easy to send and receive funds with real-time status visibility.

Who is it for: Companies and consortia connecting to more than one DLT. Examples include supply chains, payment platforms and DeFi companies.

How does it work: Overledger integrates with all DLTs involved in the business process. In the case of supply chains, for example, different DLTs might be used for procurement, logistics, provenance, customs and payments, and these DLTs cannot communicate with each other. This means that new processes must be designed to enable them to work efficiently together.

With Overledger, however, this problem is eliminated. A single API enables fast, easy development of applications that can use all DLTs simultaneously, using standard development tools.

Examples: Cross border supply chains.

Who is it for: Companies wanting to receive or make payments in a wide variety of cryptocurrencies. It’s the perfect solution for companies that want to allow customers holding different types of cryptocurrency to invest or buy goods and services.

How does it work: By providing totally secure access to a range of different DLTs, and the crypto currencies and assets held on them. A simple API is used to send and receive funds, and you can also set up payment and collection processes, such as crowdfunding. All you need to do is define a target amount, and Overledger configures each DLT to receive payments. When the target is reached, Overledger can automatically push the funds to an exchange for you, to be converted into fiat currency. The same applies in reverse – Overledger allows them to be paid in the cryptocurrency of their choice, on the DLT of their choice.

Furthermore, Overledger means that your processes are completely future-proof, as it will connect easily and securely to emerging DLTs without any changes required on your part.

Examples: Syndicated loans, invoice financing, exploiting capital in DeFi markets for a range of financial services and other products.

Availability: Immediate – Overledger solutions for cryptocurrency payments are available now.

Who is it for: Companies and developers that want to create apps which use the Ethereum Network.

How does it work: Overledger provides a standard API for working with Ethereum, so customers do not need their own Ethereum nodes, or to learn the low level interfaces, formats and cryptography that are usually involved in developing applications for Ethereum.

Why Ethereum: Ethereum hosts a large number of ERC20 and other tokens, as well as being the most widely used platform for Smart Contracts. It is the second busiest DLT after Bitcoin, but much more functionally rich.

Who is it for: Companies and developers that want to create apps which use the Ripple Network.

How does it work: Overledger provides a standard API for working with Ripple, so again customers do not need their own Ripple nodes, or to learn the low level interfaces, formats and cryptography that are usually involved in developing applications for Ripple.

Why Ripple: Ripple is typically used for cross border payments and movement of funds. It is also used for other use cases, but is primarily a financial network.

Who is it for: Companies and developers that want to create apps which use the Bitcoin Network.

How does it work: Overledger provides a standard API for working with Bitcoin, so again customers do not need their own Bitcoin nodes, or to learn the low level interfaces, formats and cryptography that are usually involved in developing applications for Bitcoin.

Why Bitcoin: Bitcoin is the oldest and busiest DLT network. It is used for carrying transactions in the Bitcoin cryptocurrency, which is the most widely used cryptocurrency.

Who is it for: Companies and developers who want to create interoperable multi-DLT applications that use private or permissioned DLTs, hosted on Oracle’s industry leading blockchain-as-a-service platform (OBP). 
 
‍How does it work: Oracle Certified Overledger Gateway adds interoperability between Oracle Blockchain Platform, other permissioned DLTs used by enterprise and public blockchains opening up a broad set of interoperability use cases across distributed ledger networks. The Overledger API provides a standards-based common abstraction platform that enables universal interoperability and simplifies multi-DLT application (mDApp) development for Quant customers. 

Why Oracle: Oracle Blockchain Platform is designed to easily create a permissioned, multiparty blockchain network for secure collaboration in minutes. Oracle Blockchain Platform is a highly available, secure, and scalable blockchain as a service with built-in identity management and governance, on-chain access control, enterprise-grade performance, dynamic scale-out, and analytics integration. It supports an intuitive operations UI, a rich set of DevOps APIs, managed zero-downtime patching and upgrades, and dynamic scale-out for growing workloads.

Who is it for: Companies and developers that want to create apps which use the Corda Network. 

How does it work: Overledger provides a standard API for working with Corda, so customers do not need their own Corda nodes, or to learn the low level interfaces, formats and cryptography that are usually involved in developing applications for Corda. 

Why Corda: Corda is designed to only share data with relevant parties. It is flexible and scalable, ensuring the highest level of privacy and security. The Corda platform is built for business and longevity. 

Who is it for: Companies and developers that want to create apps which use the Hyperledger Fabric Network. 

How does it work: Overledger provides a standard API for working with Hyperledger Fabric, so customers do not need their own Fabric nodes, or to learn the low level interfaces, formats and cryptography that are usually involved in developing applications for Fabric. 

Why Hyperledger Fabric: Hyperledger Fabric is intended as a foundation for developing applications or solutions with a modular architecture. It allows components, such as consensus and membership services, to be plug-and-play. It offers a unique approach to consensus that enables performance at scale while preserving privacy. 

Who is it for: Companies and developers that want to create apps which use the Hyperledger Besu Network. 

How does it work: Overledger provides a standard API for working with Hyperledger Besu, so customers do not need their own Besu nodes, or to learn the low level interfaces, formats and cryptography that are usually involved in developing applications for Besu. 

Why Hyperledger Besu: Hyperledger Besu is an Ethereum client designed to be enterprise-friendly for both public and private permissioned network use cases. Its comprehensive permissioning schemes are designed specifically for use in a consortium environment.