![]() ![]() The UK government uses its distributed ledger technologies (DLTs) to help industries, governments, and individuals. Quant Overledger is a part of the G-Cloud 12 framework from Crown Commercial Service. This standard is now used by almost 60 countries around the world for blockchain development. In 2015, he supported establishing the Blockchain ISO Standard TC307. He also worked with the UK Ministry of Justice, the Bank of England, and even the Federal Reserve. Earlier, he held major positions at companies like E&Y, HSBC, BP Oil, and PWC. Besides this, QNT is also used to pay network fees and reward participants. It can also be stored in a hardware wallet like Trezor or a Ledger device. It is compatible with the Atomic Wallet or Exodus Wallet. As a result, Quant’s technology is simple and cost-efficient for industries such as fishing fleets, dairy producers, and wineries.ġ0. In addition to the license fee, users should hold a certain number of QNT tokens to use this application. Projects have to obtain an annual license to develop applications on Overledger. It works as an application hub like Google Play Store and iOS App stores.ĩ. Quant’s ecosystem allows developers to build multi-chain applications (mApps) for users. Each mApp allows multiple smart contracts to work together on different blockchains.Ĩ. These are applications built on top of multiple blockchains. Furthermore, institutions can also track individual identities across connected platforms for KYC.ħ. We can operate Quant Overledger on any cloud platform, such as Amazon Web Services (AWS). However, the Overledger integrates old and advanced blockchains together.Īs CBDCs are in the news nowadays as many countries are testing their own digital currency, the team is also looking to provide Overledger as a solution to governments and central banks that are in the initial phase to launch their own CBDCs.Ħ. ![]() The major limitation of present-day blockchain is the inability to interconnect with one another. Additionally, it enables more traceable, transparent, and trustworthy supply chains. The partnership between Quant and Ledger3 is a significant step in protecting Australia’s seafood export market. ![]() Out of these, Quant Health is an application used by healthcare institutions to track electronic health records.Ĥ. The Quant team is planning to enter different sectors such as healthcare, supply chain, and financial services. Quant allows the creation of new assets on any connected distributed ledger thus, it does not require any coding.ģ. Its distributed ledgers eliminate duplicate reconciliation and notarization processes. Besides this, Quant also makes it possible to flow digital money in or out of an organization.Ģ. Quant provides the most up-to-date data at any time and allows banking systems to interconnect with each other. There are quite a few exciting reasons why you might find Quant Network to be an interesting project. This is the next level of technology, which gives both individuals and institutions an equal opportunity to use the potential of blockchain. Furthermore, its ecosystem is built around Overledger, and it addresses blockchain interoperability issues without using any complicated software. Quant Network is a blockchain project and is among the very few blockchains that are being used to interconnect different distributed ledgers, as well as existing platforms, applications, and networks. ![]()
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