Quant Network Rescues Crypto Freedom Fighters from Single Ledger Dependence
Despite all the crypto hype surrounding us in the past year, there are certain limitations to the potential of blockchain technology. The lack of interoperability and single ledger dependence are severe barriers to further blockchain expansion.
What if there was seamless communication across multiple blockchains as well as the recognition of transactions across them? Why can't a smart contract executed on Ethereum be recognized by the Hyperledger blockchain?
The Quant Network team brings to life a revolutionary solution - Overledger. It's the first blockchain operating system facilitating the development of multi-chain applications.
"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," comments Gilbert Verdian, CEO of the project. "It connects the world's networks through a single API to multiple blockchains and bridge existing networks to new blockchains. Besides, it provides the ability to read and write to blockchains without third-party intervention."
Meeting diverse needs
The new platform targets a diverse audience. For example, it provides businesses with the flexibility to connect local networks to blockchains, avoiding the need to be locked into an existing technology or vendor. In this way, corporate customers will have access to new markets, increase resilience, and de-risk investments.
For individual customers, it will promote human-to-human and machine-to-machine trust to ensure safe and secure transactions.
Overledger may be of particular value to the healthcare sector as it simplifies global health information exchanges (HIE) through more efficient electronic medical records.
For governments, it may prove interesting due to its potential to reduce bureaucracy while increasing transparency and collaboration between government agencies, businesses, and citizens.
Quant Network ICO details
The pre-TGE stage of Quant Network's crowdsale is open until April 1, 2018. The main TGE round will start on April, 2 and last until April 30, 2018. During this round, the soft cap is set at $5 million. All unsold tokens will be burnt.