Alpha Sigma Capital Invests in Blockchain Financial Operating System Company Quant Network | 21 Jul 2020 | LONDON AND LOS ANGELES

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Quant Network delivers interoperability of private DLTs and public blockchains across hundreds of banks and financial institutions.

Quant Network (“Quant”) is solving the challenge of interoperability across private and public DLTs (Digital Ledger Technology). Quant’s main product is Overledger OS, an operating system that connects enterprise networks with different blockchains and enables companies to launch and scale enterprise-grade multi-DLT applications (MApps).

“We just recognized that Quant is doing what Ripple promised. Quant and SIA Europe successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology (DLT) protocols on SIA’s inter-bank network, SIAnet. SIA is the backbone for financial institutions, central banks, corporates, and the public sector to process their transactions. It was clear that Quant’s operating system provides the layer for blockchain interoperability in the financial services sector.” Enzo Villani, Managing Partner at Alpha Sigma Capital commented.

Organizations can upgrade their legacy systems and unlock the power of multiple DLT technologies using Quant Network’s interoperability solution, Overledger OS. The implications of this are quite significant, considering it could lead to the mass adoption of blockchain technology and the transformation of institutions to transact interoperable digital assets across DLT networks.

“We are pleased to work with the team at Alpha Sigma Capital, who have a rich history in capital markets and financial services. Their experience and network will allow Quant to take its technology to new markets and institutions to transform the US financial system to be DLT agnostic, interoperable, and benefit from digital assets that complement the existing system.” Gilbert Verdian, CEO of Quant.

Alpha Sigma Capital and Quant have agreed to work closely together to expand the capabilities of digital assets in the US, to create value with interoperable DLT products and solutions for financial institutions, exchanges and central banks.

Feature

Overledger 2.x

Overledger 1.x

Authentication

OAuth 2.0 standard (allowing SSO)

Proprietary (BPI Keys)

Functionality

In API, seamless updates

In SDK, re-download for updates

Standardisation

Full abstraction across all DLTs

Partial, DLT-specific edge cases

RCG Framework

REST / JSON APIs from OVL Core

Proprietary P2P (experimental)

Time to Deploy

32 minutes (CI / CD pipelines)

1-2 weeks

QNT Utility Token / Treasury

Optimised, audited smart contracts

Experimental smart contracts

Microservices

Optimised to scale fast – 23 Microservices

Hardened proof of concept
– 9 Microservices

Transaction Routing Algorithm

6 factor, game theory optimised

Experimental P2P emergent

Databases

Cloud native (scaling / resilience)

Standalone DB deployments

Cross-DLT Implementation

REST API calls direct to OVL, integrated smart contract back end

SDK-based Javascript 
apps call smart contract functions
via OVL

2021 Achievements

50% Quant team has grown by over 50% and will continue to do so 

OVL1.0 to 2.0 Release schedule accelerated, moved to much more frequent automated updates
– Previously, last major update was seven months, then in early 2021 moved to three months (Jan and March)
and then to monthly (April and May). We’re now moving to fortnightly releases. 

2.5X Overledger is now 2.5x bigger (April)  

2.0 Re-engineered the entire 2.0 architecture

Open API 3.0 for easy integration into developer workflows

OAuth 2.0 for single sign on for enterprise customers    

Cloud Native Scalable and resilient already, now deployable automatically 

New OVN API 
Subscribe  
Native Transactions 
Payments     

OVL 2.0 Developer portal 2.0