Quant (QNT), founded in 2018, is a blockchain-based technology company that aims to connect the fragmentations between a variety of blockchain networks and traditional systems through its Overledger platform. The developer recognized the challenge of cooperation in blockchains and thus envisioned a solution to unify various DLTs and legacy systems into a cohesive framework. Quant provides frictionless compatibility that allows enterprises, businesses, and developers to create on DLT without being limited to one blockchain.
At the center of Quant Network’s innovation lies Overledger technology, which can enable connectivity across a wide array of blockchains and networks. The QNT is indispensable to the accessibility of the platform, the license to use in enterprise versions, and staking aimed at securing the network. Thus, with each passing day, Quant progresses with growing strides in the enterprise blockchain solutions field.
Gilbert Verdian, founder and CEO of Quant, is a technology expert with extensive experience in cybersecurity, blockchain, and financial services. Verdian has a storied career in technology, including leadership roles in companies like PwC, Vocalink, and HM Treasury. His expertise in cybersecurity and blockchain inspired the creation of Quant as a universal platform for blockchain compatibility. Verdian’s vision was to address the fragmentation in the blockchain ecosystem, allowing enterprises and developers to unlock the full potential of DLT without technical limitations or inefficiencies.
Quant Network is centered around its flagship product, Overledger, a DLT-agnostic gateway that enables seamless cooperation across various blockchains and legacy systems without requiring additional infrastructure changes. The Multi-Ledger Token (MLT) supports cross-platform tokenization, allowing businesses to create, deploy, and interact with tokens across multiple blockchains. Easy-to-use API developer tools make building multi-blockchain applications, known as mDApps, simpler by reducing complexity and making it easier for developers to connect and start using.
Quant is not a blockchain but an Overledger for connecting different blockchains and systems. There are no miners or validation nodes because the process relies on the underlying blockchains and their network consensus algorithms. The scalability of Quant is based on the blockchains integrated with it. Overledger can handle high-throughput demands by coordinating across multiple ledgers, enabling efficient data exchange and execution.
Quant has established partnerships with major blockchain and enterprise technology players in pursuit of better ecosystem performance and faster mainstream adoption. The partnership between them and Oracle incorporates Overledger to create seamless blockchain adaptation into Oracle blockchain services. This deal will ensure enterprise adoption—easy, scalable, and reliable—so businesses can take advantage of Quant’s cooperation solutions riding on the power of Oracle global-scale infrastructure.
By partnering with Nexi, the leading player in European payment systems, Quant offers secure payment solutions for financial institutions. This partnership bridges traditional financial systems with blockchain-based payment methods, paving the way for widespread adoption of DeFi in traditional markets. Quant’s participation in Hyperledger connects permissioned and public blockchains, ensuring flexibility and compatibility across a wide range of industries, including supply chain, healthcare, and finance.
It has been innovative over time, with features introduced that extend the boundaries of blockchain cooperation. Quant collaborates with governments and financial institutions to design frameworks for CBDCs. These undertakings point to Quant’s critical role in shaping the future of digital currencies and worldwide methods of paying for goods and services.
The newest version of Overledger, Overledger 2.2, offers advanced cross-chain functionality that will enable enterprises to move data and assets seamlessly across multiple blockchains. This expands the flexibility and appeal of the platform for developers. Quant’s suite of enterprise-level tools lets companies easily create and manage digital assets on multiple blockchains, catering to the increasing demand for tokenization in industries such as real estate, finance, and supply chain. With support for global payment messaging standards, Quant is uniquely positioned to bridge traditional payment systems with blockchain networks, allowing cross-border transactions and cooperation.
Regular updates, tools, and community engagement have fostered a thriving developer ecosystem in building many multi-chain decentralized applications, or mDApps, on Overledger. These partnerships and developments underpin Quant’s drive for blockchain compatibility and enterprise blockchain adoption, making it a cornerstone for global digital transformation.
As of December 20, 2024, its native token, QNT, is trading at around $100.50, showing about a 3.2% price increase over the last 24 hours. With its market capitalization currently $1.25 billion, Quant stands among those at the very top within the blockchain compatibility vertical.
QNT reached its all-time high (ATH) of $428.38 on September 11, 2021, and its all-time low (ATL) of $0.16 on August 23, 2018. Factors affecting changes in price include enterprise adoption, with partnerships with Oracle, Nexi, and governments driving confidence in the long-term utility of Quant. The involvement of Quant in the development of Central Bank Digital Currencies (CBDCs) increases its relevance in the global financial landscape. Regular protocol upgrades to Overledger keep the platform competitive and innovative.
Quant is leading the charge in blockchain cooperation, one of the most important challenges within the blockchain ecosystem. Its Overledger technology enables seamless integration across blockchains and legacy systems, fostering innovation and adoption in industries ranging from finance to healthcare. With its strategic partnerships, involvement in CBDC initiatives, and ongoing technological advancements, Quant is well-positioned to drive the next wave of blockchain cooperation and enterprise adoption.
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FAQs
Q1. What is Quant used for?
- A: Quant enables cooperation across blockchain networks and legacy systems through its Overledger platform.
Q2. How does Overledger work?
- A: Overledger serves as a blockchain-agnostic gateway for frictionless data and value transfer across multiple DLTs and traditional systems.
Q3. Which industries does Quant target?
- A: Quant targets, among others, financial services, healthcare, supply chain, and government sectors.
Q4. What is the role of QNT?
- A: QNT is utilized for accessing Overledger, licensing for enterprise use, and staking to secure the network.