Quant Network Named Gartner Cool Vendor 2019 In Blockchain | 14 May 2019 | London


The Cool Vendor status is highly recognisable and tracked by potentials acquirers, investors and large enterprise buyers.

Quant Network has been named Gartner Cool Vendor 2019 in Blockchain Technology.

Quant Network joins a list of illustrious names like Dropbox, Nest, Evernote, Cloudera, Palantir and Instagram, all of which have been named a Cool Vendor in the past ten years.

The Gartner report validates the way Quant Network is addressing a very specific interoperability need for enterprise with its unique blockchain operating system Overledger.

Cool Vendor status is bestowed upon the most disruptive and credible startups that Gartner analysts genuinely believe will change the technology landscape. The Cool Vendor status is highly recognisable and tracked by potential acquirers, investors and large enterprise buyers.

Looking at startup success rate, Cool Vendors have greater success than the average young technology firm. Gartner’s research of historic Cool Vendors shows that 15% have been acquired, including high profile acquisitions such as Instagram and Nest, while the vast majority of Cool Vendor startups continue to punch above their weight.

Quant Network CEO, Gilbert Verdian responded, “We are delighted to be selected as the Gartner Cool Vendor in Blockchain Technology 2019. Gartner’s historical analysis of Cool Vendors has proven the value of these reports in helping enterprises to filter out the hype and focus on important innovations and vendors that are shaping the industry.”


Overledger 2.x

Overledger 1.x


OAuth 2.0 standard (allowing SSO)

Proprietary (BPI Keys)


In API, seamless updates

In SDK, re-download for updates


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


Optimised to scale fast – 23 Microservices

Hardened proof of concept
– 9 Microservices

Transaction Routing Algorithm

6 factor, game theory optimised

Experimental P2P emergent


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 

Native Transactions 

OVL 2.0 Developer portal 2.0