Quant Network and Crowdz Announce Partnership | 21 Dec 2018 | London

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There are major limitations to current blockchain technology and Overledger aims to provide a unique solution by making interoperability between different blockchains more straightforward.

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.”

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