Quant Overledger — The First Interoperable Blockchain Operating System

akinseye118 (29)in #ledger • 6 years ago

Quant Overledger is the blockchain Operating System (OS) for the future developed by Quant network. It securely removes the barriers that prohibit communication across multiple blockchains, providing endless possibilities for your data and applications. Overledger connects the world’s networks to blockchains.

3 Main Vision of Overledger

Enable connection between blockchains: It enables interoperability of blockchains and existing networks.
Create a platform for multi-chain applications: Overledger will be the only platform that facilitates the development of decentralised, multi-chain applications.
Connect the internet to blockchain through Overledger: It is predicted that in the next few years, much of our digital footprint will be run via a blockchain without us even realising it.
Though the Internet itself has a technology shown to be promising and elicited such excitement than blockchain technology. The potential of blockchain technology seems limitless. While the potential of blockchain technology might seem endless -there are certain limitations.

Major limitation of blockchain technology
The major limitation of modern-day blockchain technology, identified by the Quant founders, has been the inability of blockchains to communicate and working with one another i.e. lack of interoperability. In order for blockchain technology to unlock its true potential, it needs to allow seamless communication across multiple blockchains as well as recognition of transaction across blockchains.

Overledger — The Solution to the limitation
Overledger is the first interoperable blockchain operating system that facilitates internet-scale development of decentralised, multi-chain applications and other features like:
· Overledger has the ability to unlock and distribute value and applications across current and future blockchains.
· Overledger is an agnostic platform that connects the world’s networks to blockchains and ensures you’re not limited to any single a vendor or technology.
· Overledger is the only platform that facilitates the development of internet-scales development of decentralised, multi-chain applications.

Benefits of Overledger
Overledger will address the major limitations of current blockchain technology and unlock its true potential in many areas such as;
Enterprise
Empower businesses with the flexibility to connect their network to blockchains without burden of being locked into an existing technology or vendor.
By facilitating multi-chain interoperability, Overledger will enable businesses to access new markets, increase resilience, and de-risk investments.

Individuals
Facilitate human-to-human and machine-to-machine trust that ensures safe and secure transactions with one another.
Provide individuals with a level of access and control of their personal information we’ve never experienced before.

Healthcare
Significantly increase the security, privacy and interoperability of health data.
Revolutionise global health information exchanges (HIE) by making electronic medical records more efficient and secure to the benefit of individual patients as well as the scientific and healthcare community.

Governments
Deliver solutions for governments that minimize the bureaucracy but enhance transparency and collaboration between governments, business and citizens.
Provide the opportunity for collaboration between the public and private sectors that were never thought possible.

Quant Network
Quant network based in London is set to revolutionise blockchain technology with the development of their blockchain operating system Overledger. The experienced team are determined to fulfil the original vision of the internet by creating an open trusted network for people, machines, and data to operate securely and safely.
To help democratise development of blockchain applications, our solution will be producing a Blockchain Programming Interface (BPI) and Overledger Software Development Kit (SDK): a set of software development tools that will give developers an easy and standard way to access the Overledger functionality.

Tokenomics of Quant network
Quant will be launching a number of revenue streams aimed at striking the balance of providing the funds needed to help us further develop our technology whilst keeping an open platform upon which the whole community can benefit.
Quant Token account is a core component of Quant, and it is designed to ensure flexibility and control for the future evolution of the project. QNT tokens will be created during the crowd sale period. Total supply of QNT will be limited to the number of tokens created during the crowd sale period. No additional tokens will be created after the TGE. QNT is an ERC20 token issued on Ethereum blockchain.

Team
The team at Quant Network headed by the CEO & Co-Founder Gilbert Verdian is committed to collaborate and form strategic partnerships to address the challenges that hinder the potential of blockchain technology.

Conclusion
Overledger developed by Quant network as a solution to the current limitation observed in the blockchain technology is the first blockchain operating system that facilitates the development of multi-chain applications.
For details information about Quant, it is important to check their various links and channels indicated below:

Website: https://www.quant.network/
Whitepaper: https://www.quant.network/wp-content/uploads/2018/04/Quant_Overledger_Business_Paper_v0.1-1.pdf
Join us on Telegram: http://telegram.quant.network/
Follow on Twitter: https://www.twitter.com/quant_network
Follow on Github: https://github.com/quantnetwork
Follow on LinkedIn: https://www.linkedin.com/company/quantnetwork
Follow on Facebook: https://www.facebook.com/quantnetwork
Follow on Youtube: https://www.youtube.com/channel/UCsz53-6ZYJCI0TtE4M_kdkA
Follow on Instagram: https://www.instagram.com/quantnetwork