Quant Network Joins MOBI | 6 Dec 2018 | London

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Quant Network, an innovative technology company today announced that it has joined Mobility Open Blockchain Initiative (MOBI) — a global consortium of industry leading automakers, technology based startups, and other mobility players.

As a member of MOBI, Quant Network will collaborate with industry leaders in pursuit of the creation of a minimum viable ecosystem that aims to standardize blockchain and related technologies to bring transparency and trust to the industry, consumers, and communities and reduce frictions and transaction costs in mobility. Quant Network’s blockchain operating system, Overledger, provides interoperability between blockchains and existing networks and systems, reducing barriers to adoption, facilitating innovative uses of blockchain technology with low risk to Enterprise.

“Quant Network is pleased to be collaborating with MOBI,” said Gilbert Verdian, CEO of Quant Network. “Mobility, IOT and transportation will be powered by distributed networks and are vital to the creation of future cities and communities. We are excited for the opportunity for Quant Network and MOBI to collaborate in advancing the future of mobility and the machine economy today. Our Overledger operating system will enable interconnectivity and interoperability of data between manufacturers, devices, transportation and autonomous vehicles.”

With over 100 member companies and growing, MOBI is collaborating with a wide variety of players in the mobility and blockchain space. We are working with many of the world’s largest automakers and mobility ecosystem players, along with numerous start-ups, nonprofits, governments, transit agencies, and technology companies. By working together, we can make mobility services more efficient, affordable, greener, safer and less congested.

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