Quant Network Chosen for Tech Nation’s Cybersecurity Growth Programme | 25 April 2019 | London

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Quant is delighted to be selected as one of the 20 exceptional cyber security companies to make up the inaugural cohort of Tech Nation Cyber.

It’s become clear that many of the cybersecurity approaches taken over the last 20 years just aren’t working. We have reached a crisis of trust in the digital world caused by limitations in the security of network technology. As the digital world is becoming bigger and more people are using it to transact through eCommerce or valuable information through sharing of data, what’s required now is a rethink. It’s vital to address cybersecurity and issues of trust and safety and to look at how we’re tackling and solving them.

Quant Network has developed solutions to these challenges. And this is why Tech Nation, the Government funded UK network for ambitious tech entrepreneurs, has chosen Quant Network as one of the 20 leading scaleups for their national cybersecurity growth programme.

And we’re in good company, as the cohort includes companies from all over the UK, with technologies ranging from machine learning to biometrics and cloud solutions, as well as blockchain.

Quant Network is using emerging technology such as blockchain, and next-generation tokenisation to solve those security challenges. The Tech Nation initiative is designed to boost the UK’s cyber sector, accelerate the growth of its top companies and build a robust, cross-industry network. This will enable the community to grow a market need around cybersecurity and scale up so they can expand into other markets.

We’re at the forefront of technology and cybersecurity. We are proud to be part of building a new Internet, one we can trust. And with the support and endorsement of the Tech Nation programme we can’t wait to see what can be achieved both as a company and as a network.

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